Diageo is not owned by Russians. Diageo is a British company that was formed in 1997 through the merger of Guinness and Grand Metropolitan. It is listed on the London Stock Exchange and has its headquarters in London, England.
As the world's largest manufacturer of premium alcoholic beverages, Diageo has a wide range of well-known brands in its portfolio, including Baileys liqueurs and vodka Smirnoff. These brands have gained popularity worldwide and are enjoyed by consumers in many countries, including Russia.
However, it is important to note that Diageo does have a presence in Russia and has been operating in the country for many years. Russia is a significant market for Diageo, and the company has invested in building its business there.
In recent years, Diageo has faced challenges in the Russian market due to various factors, including economic difficulties and changes in the regulatory environment. As a result, the company has made the decision to reduce its business operations in Russia.
This decision does not mean that Diageo is completely pulling out of the Russian market, but rather that it is adjusting its strategy and focusing on other markets that offer better growth opportunities. This is a common business practice, as companies often make adjustments to their operations based on market conditions and changing consumer preferences.
It is worth mentioning that the decision to reduce business operations in a particular market is not unique to Diageo. Many other international companies have also faced challenges in Russia and have had to make similar adjustments to their strategies.
Diageo is a British company and is not owned by Russians. While it does have a presence in Russia and has been operating in the country for many years, it has made the decision to reduce its business operations there due to various challenges in the market.