Coca-Cola will suspend its business in Russia following international criticism that the beverage company was still operating in the country.

Details: The company will suspend operations due to the ongoing war between Russia and Ukraine. Russia invaded Ukraine at the end of February.

  • Per MarketWatch, Coca-Cola’s business in Russia and Ukraine led to about 1% to 2% of its total net operating revenues and operating income in 2021.

Flashback: #BoycottMcDonalds and #BoycottCocaCola were trending hashtags on Twitter this last week as people protested both companies for continuing their businesses in Russia, as the Deseret News’ Ashley Nash wrote.

Yes, but: Pepsi — another company still conducting business in Russia — is still exploring options for what to do, per The Wall Street Journal.

  • One option includes the possibility of writing off the business entirely.
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