Coca-Cola Co. KO, -3.96% said Tuesday it was suspending its business in Russia following the lead of several companies that have suspended activity because of the invasion of Ukraine.
“Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine,” Coca-Cola said in a statement. “We will continue to monitor and assess the situation as circumstances evolve.” On Tuesday, PepsiCo Inc. PEP, -2.82% said it was exploring options for its business in Russia. Coca-Cola shares were down 3.5% heading into the close, while Pepsi shares were down 2.3%.
How brave
Thank you Coke. I’ll buy more sugar-free Coke to support you.
So does that mean cost over here rises?
Since I have nothing to lose, I'll be the one to say it. The current narrative is that Putin is the bad guy, so corporations have taken it upon themselves to harm Russians. Russians are worse off with these 'brave' initiatives, Putin's life is literally the same...
They did the right thing. Too bad not right away.
Towards a healthy life..go figure
Took their time though!
Good, they’ll be caffeine deprived and resort to meth.
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