2014 Olympics -- Budweiser BAILS on Sochi ... We're Not Comfortable There

There's no Bud for you, Sochi ... TMZ Sports has learned Budweiser has decided to NOT throw its traditional Winter Olympics party this year and it's all because the company is not comfortable with the situation in Russia.

In the past, Budweiser was known for hosting huge parties -- like the Club Bud bashes during the 2010 Olympics in Vancouver and at the 2006 Olympics in Turin.

But we've learned ... the King of Beers has decided it won't be throwing a similar party at the '14 Games ... at least, that's the plan for now.

In fact, we've seen an email from a Budweiser rep which says the company does not want its U.S.-based representatives in Sochi ... and the message is clear -- the terrorist threat is simply looming too large.

A rep for Anheuser-Busch confirms to TMZ Sports ... there will be no Club Bud in Sochi -- but the rep didn't give a reason for why the company is not throwing the party.