Mass Corporate Exodus Out Of Russia.
Companies continue shuttering their Russian operations as the War in Ukraine drags into its third week. (AP News)
“Coca-Cola Co. announced it was suspending its business in Russia, but it offered few details. Coke’s partner, Switzerland-based Coca-Cola Hellenic Bottling Co., owns 10 bottling plants in Russia, which is its largest market. Coke has a 21% stake in Coca-Cola Hellenic Bottling Co.
PepsiCo and General Electric both announced partial shutdowns of their Russian business.
Pepsi, based in Purchase, New York, said it will suspend sales of beverages in Russia. It will also suspend any capital investments and promotional activities.”
Vladimir Putin decided to invade Ukraine and cause the biggest ground war in Europe since the end of World War II and that caught the World off guard. What caught Putin off guard is the manner in which the West coalesced against Russia and its decision to invade its neighbor. The Russian people are primary sufferers of the extreme economic sanctions leveled against the Former Soviet Union which has the real possibility of reverberating around the Globe before all is said and done.
