Europe

Coca-Cola could withdraw Russia altogether if Ukraine’s crisis persists, CEO said

Washington (Sputnik)-Soft drink maker Coca-Cola could suspend operations in Russia if a special military operation in Ukraine is too long, CEO James Quincey said Wednesday.

If the conflict in Ukraine is prolonged, Coca-Cola’s business in Russia could “completely disappear at some point,” Quincy said in an interview with The Wall Street Journal’s CEO Council Summit.

Coca-Cola has been criticized for not stopping its operations in Russia early in response to Moscow’s launch of a special military operation in late February, and Quincy has had a decisive impact on such a move. I questioned whether to give it.

Coca-Cola rival PepsiCo announced in March that it would stop selling soft drinks in Russia. However, the company also said it has a responsibility to continue to offer other products in the Russian market, such as milk and baby food.



https://sputniknews.com/20220504/coca-cola-may-completely-exit-russia-if-ukraine-crisis-becomes-protracted-ceo-says-1095268877.html Coca-Cola could withdraw Russia altogether if Ukraine’s crisis persists, CEO said

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