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Benzinga
Benzinga
Business
Phil Hall

Coca-Cola Suspends Russian Sales, PepsiCo Weighs Options On Ending Business Unit

The Coca-Cola Company (NYSE:KO) announced the halting of its business operations in Russia, while rival PepsiCo Inc. (NASDAQ:PEP) is reportedly exploring several strategies on how to wind down its presence in the country.

What Happened: Atlanta-headquartered Coca-Cola issued a statement that denounced Russia’s invasion of Ukraine as spurring its decision.

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