After the outbreak of the conflict in Ukraine, Coke was one of the first multinational corporations to promise to leave Russia. Two years later, the Coke logo is still easy to find in supermarkets and restaurants across the country. And taking into account the novelty called “Kind. According to some indicators, Coke remains the leading producer of carbonated drinks in Russia,” Bloomberg states

Sales of beverages from the Russian division of another manufacturer, which also initially announced its departure, PepsiCo Inc., jumped by 12% to 209 billion rubles. The company’s revenue from the sale of baby food and dairy products increased by 10% to 129 billion rubles

Unilever Plc and Nestlé SA, the French supermarket operator Auchan, the clothing retailer Benetton Group and the Subway and TGI Fridays restaurant chains continue to operate in Russia with no apparent reduction plans

The Russian economy grew by 3.6% last year, which helped reduce unemployment to a historic low of 2.6% and sharply raise wages. This led to an increase in demand and provided significant profits for Western companies in Russia,” Bloomberg emphasizes in conclusion

@crystal_book