Anheuser-Busch InBev , the world’s biggest brewer, might eventually sell its Russian beer business as it raises cash to pay down debt and focuses on its more profitable American beer brands, some analysts believe.

The brewer, created last year following InBev’s $52bn acquisition of Anheuser, on Thursday announced a 41 per cent drop in net profit in its first full-year results as a combined company. It is the second-biggest brewer in Russia after Baltika, which is owned by Denmark’s Carlsberg.