The reason for these steps was Russia’s invasion of Ukraine.

Coca-Cola and PepsiCo corporations have announced that they are suspending sales of their drinks in Russia. They joined many other well-known Western companies that decided to reduce operations in Russia after the Russian invasion of Ukraine.

Coca-Cola said that in 2021, operations in Russia and Ukraine provided about 1-2% of its revenue.

According to the information on the website of the Russian representative office of the corporation, “from 1979 to 2018, Coca Cola in Russia invested a total of 6.2 billion dollars in the socio-economic development of the country” and “96% of direct purchases, not counting concentrate, Coca Cola in Russia carries out from Russian suppliers.”

PepsiCo announced that it will continue to sell dairy products, baby food and other categories of goods in Russia. Its Russian website states that the company is “Russia’s largest producer of food and beverages. About 19,000 employees work in the central and regional offices of the company and at its numerous production facilities.”