PepsiCo, Inc. is an American multinational food, snack, and beverage corporation.
Global 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100As of March 2010, the company owned six soft drink bottling plants in Russia, the Frito Lay plant, which produces 40,000 tons of Lay’s, Cheetos and Xpycteam chips per year. The company did not reduce the assortment in any way, but began to produce Pepsi under a different name, for example, the brands "7Up", "Mirinda" - this is Frustyle, Pepsi - is Evervess and "Любимая кола". The American PepsiCo, having just launched ice cream under the Domik v derevne brand, agreed on its production with Chistaya Liniya near Moscow. Initially PepsiCo promised to suspend production & sale of Pepsi in Russia and planned to continues to provide essential foods.
The company announced the suspension of the sale of Pepsi-Cola, 7Up and Mirinda (replacing them with Evervess and Frustyle). The company continued to produce other products in Russia. It also suspends capital investments and all advertising and promotional activities in Russia. In September 2022 PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. For 11 months, from the beginnig of the war, the company has not taken any visible steps to exit and continues to sell chips and dairy products in Russia. Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$223mn or +5%). Profit volumes also significantly increased in 2022 vs 2021. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war. SAS is taking swift action and have already announced a boycott of Pepsi products due to their continued business in russia and financially fueling russia's war.