In response to Russia's full-scale invasion, PepsiCo announced it would suspend production and sales in Russia in March 2022 — and yet, last year it still paid $237 million in income tax to the Russian state.
PepsiCo, one of the largest food and drink producers in the world, remains Russia's fourth-largest foreign business — with 60,000 workers and 19 factories still producing Pepsi Cola for Russian shelves under new names, Lyubimaya Cola and Evervess Cola.
That continued presence means more m
But do they actually still own the facilities or does it just produce the same cola?
They’re making money from the local bottlers and other parts of the supply chain. Kind of like how Coke in the US is made locally by local bottlers.
Their presence is still massive.
From https://leave-russia.org/pepsico
Not only that, they have been expanding, even in the middle of the war, with plans for even more facilities:
Thank you, finally somebody with more than judt a “gutt feeling”.
The cola is no longer owned by PepsiCo to my knowledge, and any Pepsi Pepsi found there is via re-exports.
If they remain the fourth largest business with 60,000 employees, then I would think yes.