Stock News

PepsiCo Ends Making Pepsi, Mountain Dew, and 7Up in Russia

PepsiCo Inc. has ended the production of its fizzy drinks in Russia, nearly six months after the US food and beverage giant announced plans to put its business in the country on hold following the invasion of Ukraine.

The Harrison, New York-based company stated that it had stopped making concentrates for Pepsi-Cola, Mirinda, 7Up, and Mountain Dew in Russia, where it has been operating for over 60 years and is its third-largest international market after the US and Mexico in 2021.

In 1971, PepsiCo’s colas were one of the few Western products brought into the Soviet Union before the country’s collapse in 1991.

PepsiCo Soda Sales in Russia Seem to Continue

A spokesperson for PepsiCo said the decision was in line with the soda maker’s announcement in March 2022, when it said it was suspending Pepsi-Cola and other global beverage brands’ sales and capital investments and advertising in the country.

However, the spokesperson did not comment on a sales update and whether they had been stopped as well.

Related Post

With sales ongoing, PepsiCo’s fizzy drinks would remain available in Moscow, Vladivostok, and Krasnoyarsk.

Food and drink have not been included in Western sanctions that focused on restricting Russia due to its war in Ukraine. The continued availability, however, underscores how challenging it can be to pull back from one of the world’s largest countries.

Stores in Moscow earlier in the summer were still selling supplies of international beer brands, months after breweries announced their plans to discontinue production. PepsiCo’s rival Coca-Cola Co. also resumed business in Russia after hitting pause in March.

While the production of the company’s sodas has been halted, its other products remained available in Russia as part of its efforts to maintain its humanitarian responsibility.

PepsiCo continues to provide access to daily essentials in the country, including milk and other dairy products, baby formula, and baby food.

User Review
0 (0 votes)

Recent Posts

  • Commodity News

Oil Mixed as Traders Anticipate the US to Replenish Its SPR

On Thursday, oil prices were mixed amid speculation that the US would soon restock its…

2 days ago
  • Technology News

Microsoft Signs Deal to Power AI Ambitions with Renewables

Microsoft has inked a renewable energy deal with Brookfield Asset Management with hopes of powering…

2 days ago
  • Stock News

Asian Stocks Gain on Tech Surge Ahead of US Nonfarm Payrolls

Asian stocks traded higher on Friday, with the tech sector taking the lead following better-than-expected…

2 days ago
  • Technology News

Tesla Withdraws Next-Gen Gigacasting Manufacturing Process

Tesla has reportedly retreated from its ambitious plan for innovations in gigacasting its developing manufacturing…

3 days ago
  • Broker News

Dukascopy Sees Dip in 2023 Profits, Netting CHF 1.3 Million

Dukascopy Bank SA noted a net profit of CHF 1.3 million last year amidst market…

3 days ago
  • Commodity News

Cocoa Crashes as Traders Delay Purchases from West Africa

On Wednesday, cocoa prices plunged after a liquidity crunch forced traders and speculators to postpone…

3 days ago

This website uses cookies.