Exiled Russian-born billionaire Yuri Shefler, who owns the company that produces the vodka, has been a vocal critic of President Vladimir Putin for decades.

Amy Sussman/Amy Sussman/Invision/AP


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Exiled Russian-born billionaire Yuri Shefler, who owns the company that produces the vodka, has been a vocal critic of President Vladimir Putin for decades.

Amy Sussman/Amy Sussman/Invision/AP

As many people around the world move to boycott Russian products, one of the most iconic vodka brands will be officially changing its name.

The company that owns Stolichnaya vodka announced that it is officially adopting the drink’s unofficial nickname, and will now brand the vodka as Stoli.

The Stoli Group said the rebranding effort is in “direct response to Russia’s invasion of Ukraine.”

“The three driving factors behind the decision are the founder’s vehement position on the Putin regime; the Stoli employees determination to take action; and the desire to accurately represent Stoli’s roots in Latvia,” the company said in a statement.

Stolichnaya started out as a Russian brand in the former Soviet Union, though there is even some disagreement about when exactly it started. But in recent years, the vodka has been produced in Latvia by the Luxembourg-based Stoli Group. That company was founded by the exiled Russian billionaire Yuri Shefler, a vocal critic of President Vladimir Putin who fled Russia in 2002.

Meanwhile, the Russian government has continued making a state-owned version of the brand sold and marketed within the country. A key difference between the two, according to the Stoli Group, is that the label on the state-sponsored alcohol clearly says it is Russian made.

Stoli Group Global CEO Damian McKinney explained the company also has a presence in Ukraine.

“The safety and security of our Ukrainian team is our top priority,” he said in a statement. “We are monitoring the situation closely and are already moving swiftly and decisively to provide support where needed, both to our people on the ground as well as partners.”

This is not the first time the Stoli Group or Shefler have sought to distance the brand from perceptions of continued ties to the Russian government. After Putin enacted a number of draconian laws in 2013 cracking down on the country’s gay community, the vodka makers publicly condemned Putin.

A growing number of Russian businesses are facing boycotts over their country’s invasion of Ukraine. Russian vodka specifically has become a target for U.S. state leaders in recent weeks. Governors in Utah and New Hampshire ordered government-run liquor stores to pull Russian-made spirits from shelves, while Ohio’s governor, Mike DeWine, moved to block the purchase and sale of Russian Standard vodka.

Last week, McKinney stressed that the renaming is not just about mitigating financial losses. “This is very personal to us,” he said. “As a former Royal Marine Commando, I know all too well the horrors of war.”

He added: “We have employees, partners and distributors in the region directly impacted. They are asking that we take a bold stand. This is one actionable, meaningful thing we can do to make it clear that we support Ukraine.”





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