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Pernod Ricard has resumed exports of Absolut vodka to Russia

2023-04-12T20:05:45.730Z


In Sweden, country of the famous brand of vodka, several politicians were moved by the decision of the French group.


Exports of the Swedish brand of vodka Absolut to Russia resumed at the end of 2022, confirmed on Wednesday a spokesman for its owner, the spirits group Pernod Ricard, after press reports which caused a reaction from Swedish politicians.

Exports to Russia from Pernod Ricard, which only has a distribution business in that country, were suspended shortly after the invasion of Ukraine, a spokesman for the group said.

But the world's number two spirits company maintained its activities there for several months, relying on its stocks, he added.

Then exports picked up in the last quarter of 2022 as stocks ran out, he said.

In Sweden, several politicians, including the majority on the right, were moved by the decision of the French group, owner of the flagship of Swedish alcohol.

MPs from all sides denounced a

“moral collapse”

or were ironic about an

“Absolutely Putin” choice.

Read alsoPernod Ricard on the offensive in the United States

“Supporting” the teams in Ukraine

In a press release, Pernod Ricard specifies that it has

"sharply reduced its exports to Russia to protect its local teams while ensuring the economic viability of its distribution subsidiary"

, in accordance with Russian laws and with international sanctions against Moscow.

Pernod Ricard asserts that maintaining its activity in Russia has enabled it to avoid accusations of

"intentional bankruptcy"

and to

"protect its teams from any

criminal responsibility" in this regard in this country.

The group also cites a change in import regulations in Russia in November 2022, which it says allowed

“allowing parallel imports of alcohol without the permission of authorized importers, thereby circumventing sanctions”

.

It stresses the need, therefore, to control its distribution and import circuits, in particular to avoid possible counterfeits.

Pernod Ricard recalls that it has suspended its marketing investments in Russia and

"mobilized all possible resources to support"

its teams in Ukraine.

Source: lefigaro

All news articles on 2023-04-12

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