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NOS NEWS • ABROAD • TODAY, 00:15 • MODIFIED TO 00:15
- 14 HOURS AGO
Coca-Cola and Pepsi suspend operations in Russia
The American companies Coca-Cola and PepsiCo are suspending their activities in Russia. Coca-Cola said in a brief statement that it expressed its condolences to "the people who are suffering the indescribable consequences of the tragic events in Ukraine. We will continue to monitor the situation." It is not immediately clear what this means in concrete terms for the sale of Coca-Cola products.
PepsiCo, known for the soft drink Pepsi but also Doritos, Duyvis and Lay's, will stop selling soft drinks and will no longer invest and advertise in the country for the time being. The sale of first foods such as milk and baby food will continue.
"This will continue to support the livelihoods of our 20,000 Russian employees and the 40,000 Russian farm workers in our supply chain," said CEO Ramon Laguarta.