Recent Posts
- Ukraine recovery should be based on development of territorial communities, innovations, involvement of professional domestic community – results of ESUR forum 29.06.2023
- Ukraine repatriates five more seriously wounded Russian POWs 10.04.2023
- Rada intends to include history of Ukraine, foreign language in final certification for general secondary education 10.04.2023
- Rada terminates protocol on joint anti-terrorist measures in CIS territories for Ukraine 10.04.2023
- 100 Ukrainians, incl defenders of Mariupol, returned according to swap procedure – Yermak 10.04.2023
PepsiCo stops producing flagship brands in Russia
MOSCOW. Sept 20 (Interfax) – U.S.-based PepsiCo Inc. has stopped producing Pepsi-Cola and its other global flagship brands in Russia, Reuters said, citing the company.
Production of Pepsi, 7UP, and Mountain Dew beverages in Russia has stopped. "All concentrates in Russia have been exhausted and production has ceased," a PepsiCo representative said, according to Reuters.
As previously reported, PepsiCo also announced suspending its capex program, as well as advertising and promotional activities in the Russian market. PepsiCo estimated losses from asset impairment at $1.17 billion in the company’s financial statement for the second quarter.
PepsiCo’s Russian business accounted for 4% of the company’s global revenue and asset value.
