(Reuters) -Coca-Cola Co and PepsiCo Inc stated on Tuesday they’re suspending gross sales of their sodas in Russia, turning into the most recent high-profile Western client manufacturers to curtail operations within the area following Moscow’s invasion of Ukraine.
Coca-Cola stated its enterprise in Russia and Ukraine contributed about 1% to 2% of the corporate’s web working income in 2021.
PepsiCo, whose colas have been one of many few Western merchandise allowed within the Soviet Union previous to its collapse, stated it will proceed to promote each day necessities, reminiscent of milk and different dairy choices, child components and child meals, in Russia.
Earlier within the day, McDonald’s Corp stated it will quickly shut all 847 of its eating places in Russia.
Reporting by Praveen Paramasivam and Uday Sampath in Bengaluru; Modifying by Shailesh Kuber and Amy Caren Daniel