Pabst Blue Ribbon sold to Russian company Pabst Blue Ribbon - a sub-premium beer brand that embraced savvy marketing to stay relevant in a craft beer age - has been sold, along with its parent, Pabst Brewing Co., to Russian company Oasis Beverages. Check out this story on WCNC.com: http://www.wcnc.com/story/money/business/2014/09/20/pabst-blue-ribbon-sold-to-russian-company/15963831/ Pabst Blue Ribbon - a sub-premium beer brand that embraced savvy marketing to stay relevant in a craft beer age - has been sold, along with its parent, Pabst Brewing Co., to Russian company Oasis Beverages.