Heineken is bailing out on concerns of nationalization.

While not all global-operating businesses have chosen to take stances on Russia’s ongoing invasion of Ukraine, many of them have developed separate yet related concerns that have prompted them to pull their dealings out of the country. A major point of worry is the fact that the Russian government has publicly considered nationalizing any western businesses that remain on their soil, both as a means of generating revenue in an economy strained by sanctions and indirectly attacking global business interests.

Out of concern for this potential, Dutch brewer Heineken has announced their intent to pull of their business dealings, current or future, out of Russia entirely. “We have concluded that Heineken’s ownership of the business in Russia is no longer sustainable nor viable in the current environment. As a result, we have decided to leave Russia,” the company said in a statement.

“We are shocked and deeply saddened to watch the war in Ukraine continue to unfold and intensify,” the company added.

Heineken will be transferring ownership of any of their local breweries and offices to local businesses, while conducting business at a reduced scale. Any Russian Heineken employees will be guaranteed payment until at least the end of 2022. “To ensure the ongoing safety and wellbeing of our employees and to minimize the risk of nationalization, we concluded that it is essential that we continue with the recently reduced operations during this transition period,” it added.

“Upon completion of the transfer Heineken will no longer have a presence in Russia,” the company concluded.