Like so many of us around the world, I have watched with a heavy heart as the tragic events in Ukraine continue to threaten the lives of millions of innocent people. The stories and images we have seen are unspeakable, and all of us at Molson Coors continue to stand together in support of Ukrainians and everyone affected by the humanitarian crisis this war has created.
That’s why our focus has been on our people, supporting our colleagues in Ukraine and colleagues elsewhere who have friends and family there by arranging safe passage and accommodations and providing financial support as needed. Nothing is more important than the wellbeing of our people, and in the days and weeks ahead they will continue to be our top priority.
From a business standpoint we have limited sales and no physical assets in Russia, but we have suspended all exports of any Molson Coors brands to Russia, and we are suspending the license to produce any of our brands in Russia.
We will continue to support humanitarian efforts in the region, with financial contributions to organizations like the American Red Cross and local organizations in Eastern Europe, such as People in Need – Člověk v tísni. And we will continue to hope for peace and safety for Ukrainians.