Channel: CNBC

Category: News & Politics

Tags: cnbcpepsi operationspepsi in russiainvasion of ukrainefood costsmoscowstocksnews channelcablenewspepsi suspended in russiamoney tipscost of foodbusinessnews stationpepsistock marketukraine invasioncable newspepsicoworld newsfinance stockfinancial newsmoneyfinance newsus newsstock market newsgroceriesbreaking newsrussia-ukraine war

Description: Following Moscow’s invasion of Ukraine, multinational companies have withdrawn from Russia in staggering numbers. More than 700 U.S. companies have scaled back, suspended or exited their Russia business including Starbucks, McDonalds and Pepsi. Russia is Pepsi’s second-largest international market after Mexico. The company generated $3.4 billion in Russia in 2021, about 4% of its $79 billion in revenue. What led to Pepsi’s decision, and how likely is it for the soft-drink maker to resume normal operations after the conflict is no longer in the spotlight? CORRECTION, April 25, 2022: At 00:52 in the video it states "Over 190 companies including International Paper, Koch Industries and Emirates are still operating normally in the country. However, Koch Industries did reverse course and state on April 21, 2022 that it will stop doing business in Russia. » Subscribe to CNBC: cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: cnbc.com Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: cnb.cx/LikeCNBC Follow CNBC News on Twitter: cnb.cx/FollowCNBC Follow CNBC News on Instagram: cnb.cx/InstagramCNBC #CNBC Will Pepsi’s Business In Russia Ever Be The Same?