Pernod Ricard to Exit Russian Market, Halts Exports

Pernod Ricard has announced that it will no longer export or distribute any of its brands to Russia following public pressure over its business activities there. The decision comes after the company had continued to trade in Russia despite calls for a boycott. The move represents a U-turn from management and will take some months to complete. Other Western companies have also pulled out of Russia following the Kremlin's invasion of Ukraine in February 2022.