Coca-Cola and PepsiCo announced on Tuesday they are suspending sales of their sodas in Russia, becoming the latest high-profile Western consumer brands to curtail operations in the region following Moscow's invasion of Ukraine, Reuters reported.
Coca-Cola said its business in Russia and Ukraine contributed about 1% to 2% of the company's net operating revenue in 2021.
PepsiCo, meanwhile, said it would continue to sell daily essentials, such as milk and other dairy offerings, baby formula and baby food, in Russia.
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