Anheuser-Busch pulls back some more in Russia

|About: Anheuser-Busch InBev SA/NV (BUD)|By:, SA News Editor

Anheuser-Busch InBev (BUD +1.2%) says it will close another brewery in Russia due to soft demand.

Beer sales in Russia have fallen apart over the last five years as excise taxes have spiked.

The global beer giant has already closed two plants in Russia.