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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Authorities Seize 123,000 Illegal Eggs in Crackdown on Smuggling from Vietnam | Inauguration of Nearly $100 Million Wastewater Treatment System Development Project in Takhmao City | Cambodia to Host 2025 National Chapei Dang Veng Festival from June 11-13 | Senate President Hun Sen Reflects on Cambodia’s Development and ASEAN Integration | ASEAN Secretary-General Hails Samdech Techo Hun Sen's Vision at Policy Speech |

Coca-Cola Suspends Business in Russia

  • Posted Mar 9, 2022 15:40 by Rosahlee Bautista
  • 2925
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INTERNATIONAL: Coca-Cola Company has announced on Tuesday ,March 8, it is suspending its business in Russia, following Moscow's invasion of Ukraine.

Coca-Cola has also said its business in Russia and Ukraine contributed about 1 percent to 2 percent of the company's net operating revenue in 2021.

McDonald's and Starbucks have both also said they will be temporarily closing hundreds of restaurants in Russia.

Coca-Cola and soft drink rivals Pepsi are among the latest Western companies to pause operations in the country.


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