The Coca-Cola distributor will stop selling beverages in Russia when the country runs out of existing stocks of products.
Coca-Cola HBC, a distributor of Coca-Cola products in Russia, has announced that it will stop manufacturing and selling its products in the country. According to Reuters, this will happen when the existing stocks of goods of the company and its customers in Russia run out.
According to the distributor, at the moment these stocks are already coming to an end.
Coca-Cola HBC (also known as Coca-Cola Hellenic) is engaged in bottling and selling in Russia not only the Coca-Cola drink, but also produces products under the brands Sprite, Fanta, Powerade, BonAqua, Schweppes, Fuzetea, energy drinks Burn and Black Monster.
The company’s website states that Coca-Cola HBC also operates ten plants in the Russian Federation, including enterprises in Moscow and the Moscow region, St. Petersburg, Samara, Rostov-on-Don, Vladivostok, Yekaterinburg, Novosibirsk and Krasnoyarsk. The company’s head office is located in Zug, Switzerland.
Coca-Cola itself announced in March that it was suspending work in Russia due to the Russian invasion of Ukraine. “Our hearts are with the people who are experiencing the unthinkable consequences of these tragic events in Ukraine,” reads a statement posted on the company’s website.