The Coca-Cola Co. and PepsiCo on Tuesday said they will suspend their business in Russia, joining other leading U.S. brands in boycotting the country amid its 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 Tuesday afternoon. “We will continue to monitor and assess the situation as circumstances evolve.”
Coca-Cola, which operates several bottling plants in Russia, did not provide further details about the move.
PepsiCo said that it will suspend its soft drink sales and capital investments in Russia. The company said that it will support its 20,000 Russian workers and continue to sell other products such as milk and baby food for humanitarian reasons.
The soft drink giants made their announcements shortly after McDonald’s and Starbucks said that they would suspend their operations in Russia.
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Coca-Cola and PepsiCo suspend operations in Russia https://t.co/apxxVrp3uD pic.twitter.com/0U0nELFB6Q
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