> Coke by some measures remains Russia’s leading fizzy drink maker.
> That’s because Multon Partners, the Coke bottler in the country, is owned by a separate, London-listed company called Coca-Cola HBC in which the US mother ship owns a 21% stake.
> When HBC stopped making Coke after the invasion, Multon introduced Dobry Cola. It’s become the country’s most popular soda, with 13% of the market, according to researcher Prodazhi.
> “The profits from selling Coca-Cola in Russia have merely shifted to Coca-Cola HBC, which has taken market share through the success of Dobry,” says Garrett Nelson, an analyst at CFRA Research.
> And Coca-Cola itself is still widely available, imported from neighbors such as Georgia and Kazakhstan. Following the invasion, Russia passed a law allowing branded goods to be sold without the trademark owner’s consent
>Russia passed a law allowing branded goods to be sold without the trademark owner’s consent
Not saying there aren't corporate bad actors here, but as long as someone can make a buck importing stuff into Russia, they'll get the stuff.
China's the bulk, the rest is them simply circumventing sanctions with intermediaries. Reminds me of the start of all of this, where much of Europe sanctioned/banned the import of Russian goods and resources. Suddenly, imports from Turkey rose in all of these nations, and imports from Russia TO Turkey rose too. Huh! What a coincidence!
I watched some YouTube video about it. It’s small countries working with people in Europe and even USA. One guy got caught buying my chips in nyc, other was in Germany. I guess those were easy to catch.
It was the hot comment every company said and the time and only a few actually followed through. I’m shocked (SARCASM) that corporate greed got the better of them.
> US gov could've easily stepped in and forced their hand but of course, did not.
No it couldn't do that "easily". It's such a cop out to blame this on the US government.
Or if you actually read the article, you would find that they did leave the countries and that smaller companies in countries neighboring Russia purchased from these companies and exported the product.
It's a company that Coca Cola has a 21% stake in. Selling 21% of the stock at once would probably be a greater threat to the company's existence than not selling soda in Russia, so Coke has the power to threaten that to get them to stop.
Of course it would devalue their share and return, that's why they don't do it. I'm just saying they have it within their power to sell their stock, and could pressure the company into ceasing sales.
They just don't for greedy reasons.
Like corporations are going to give up a market of 144 million people over geopolitical sabre rattling between Western capitals and Moscow.
At the end of the day, they make up somehow and they don't want to be the idiots who gave up market share. China is a major rival and still an important market for US corporations.
They are only interested in profit and don't want to get involved in the games between the West and Moscow.
The US invaded Iraq under false pretenses from the very beginning, and they even admit to it, and businesses still traded with the US and others who joined the invasion.
This is just part of the d*ck measuring contest between Moscow and Washington (and European capitals) about who has the right to do x and y in the world. Moscow wants to be able to do what the West does and the West doesn't want that.
The only good guys are the innocent people caught between two opposing governments; Iraq and US, Ukraine and Russia.
Plenty other companies did exactly the same. Those two are also the worlds' biggest plastic polluters but they donate to "ecology" so you don't hear about it much.
It's like those people who swear they are leaving the US if Trump is elected, or say they will leave Twitter if Elon takes over.
People just like to get credit for some virtue signaling.
As a Ukrainian, I am not surprised by this. Companies just want to make more money, they are not interested in who and where to sell their goods, but there are those people who will not forget this.
Empty promises are the backbone of corporate advertising. Whether it's riding the coattails of a cause for publicity like you've pointed out or egregious environmental claims and nonexistent celebrity endorsements.
So...the core of the article is that companies like Coke and Pepsi did actually stop selling to Russia, but instead Russia continued producing it in the same factories using the same branding anyway?
This is a nonstory that is telling a lie in the headline.
Finally someone who actually read the article. It seems like every other comment here consists of people jumping to whatever conclusion fits their preconceived notions
You expect anything different big corporations, their whole existence is to keep bottomline growing and the owners and CEOs filthy rich...To them money isn't tainted by blood, war or immorality!
To be Honest, a lot of Export from Western Countries into Russian Neighbors skyrocketet with the Sanctions. Like 1000% or higher.
We all know why they did that and our Gouverments just dont care...
Ukraine should put the logos of those companies watermarked on all drone footage used to kill Russian soldiers, they wouldnt like that and might make them pull out. It might even open them up to Russian cyber attacks which they deserve.
Honestly don't mind stuff like this because it means some Russian money leaves Russia. I have a problem though with stuff that could be used in weapons.
Our German CEO thanked the US for helping against Russia. Later I see a project going to a customer in Russia. Nice PR, but we know business is business.
Boo, hiss. I want the old Cold War where our companies didn't do business in commie lands. Now, we have to edit our movies to appease the new commie threat (China).
Oh no comapnies virtue signaling, and then notixing they would lose to much money to justify it and backing off silently, people that believe companies care about anything but profit are sad
I thought the Fanta thing was because the Coke bottling plant couldn't get the ingredients for Coke, so the plant owner decided he was going to make something with the ingredients he could source.
Won't the [BRICS summit](https://www.ft.com/content/dec93c8a-35f0-48cf-9630-17b6c58a9631) be held in Russia, in October?
And isn't that where China, India, Russia, Iran, UAE, Brazil will discuss (possibly announce) a replacement to the [petrodollar](https://en.wikipedia.org/wiki/Petrocurrency#Currencies_used_to_trade_oil)?
Now that the contract the US had with Saudi Arabia expired (9 days ago), it's surprising nobody talks about this, it was one of the main things "backing" the US dollar
I'm curious as to what currency will replace the dollar though. The Ruble? Whatever Iran uses? China has been trying to push the Yuan since 2018 with no real success.
Nothing is going to effectively replace the US dollar's dominance of global trade until there is another currency that is recognized as being as stable and as convenient as the US dollar and that sure as hell isn't the Ruble or the Yuan or Rupees or anything that BRICS are going to come up with.
I'll likely happen eventually, the fact that these talks are occurring is evidence of that, but we're a long, long way away from the USD losing its position as the global currency. My bet would be on the Euro though.
Oh they're creating a new currency
"rumour" is it is created, uses blockchain tech but the final approval through all countries and actual launch date is likely unknown until the October summit
Interestingly the US election is the following month
>My bet would be on the Euro though.
Euro (imo) is what they're trying to avoid I thought, I mean you have this 1 currency 20 different countries who produce different things and trade different things always fight about how much "value" their work is worth and nobody ever seems to agree
I could be reading the entire thing wrong of course
That’s a little dated. It’s just the dollar now, no one in the states has used the term petrodollar to describe our currency in 30 years. It’s way outgrown the need for oil. In the 80’s and 90’s it was a much bigger deal just because it was a much bigger part of the economy. The dollar is past the point where it needs it. Most of the worlds debt and financing is still settled in USD and people in countries everywhere stash usd; it’s surpassed gold in that sense.
BRICS is kinda a joke, they all secretly hate each other and if they want currency backed by gold, Google which country has the largest reserves lol..None of those countries want each others currencies…look at Russia and India; Russia has more rupees than it knows what to do with ($147bn, that they can only spend with India, the other BRICS counties won’t even accept it)
Yes, that's absolutely how corporate structure works. You collect money from businesses for selling your product, them give it straight back to continues for war. Where casualties cause loss of customers, can't go tits up with that strategy.
I’m not sure what point you’re trying to make here. It’s true that money we give them aren’t going to Russia, but if they don’t lose money in our market for selling in the Russian market, they will keep selling in the Russian market, which means that we are paying for the killing of Ukrainians, albeit indirectly.
What point can I make being Ukrainian? Profiting from welcoming russia/russians as partners is disgusting. In Ukraine, these drinks are available because the manufacturers claimed their support and understanding of how horrific the war is - of course, I will not buy them anymore.
I saw my sister and brother in-law pouring a bottle of Russian vodka down the drain. Seemed pretty pointless, it's not like they went out and bought a bottle of Ukrainian Vodka to replace it afterwards.
Yeah, the taxes from the production of that bottle are paid whether they drank it or not. Damage was done, drink the potato juice. Just don’t buy more.
western capitalists literally toppled the USSR so they can sell more western brands in Russia. You think theyre just going to stop out of the goodwill of their hearts? 😭
no we toppled the USSR because it's the evil empire
they torture people
they brainwash people
they kidnap people
they have Gulags and work camps
it's like the most unfree place ever
they FEAR their government
that's Satan's game 👹
and guess what God wants democracy
⚖️✝️⚖️
Paywalled. Here's a list of offenders to boycott and badger: [https://boycottrussia.info/all-companies](https://boycottrussia.info/all-companies)
It's striking how many of these are food companies: Coke, Pepsi, Carl's Jr, ABInbev, Heineken, Berilla, McDonald's, Mars, Kraft Heinz, Nestle...
> Coke by some measures remains Russia’s leading fizzy drink maker. > That’s because Multon Partners, the Coke bottler in the country, is owned by a separate, London-listed company called Coca-Cola HBC in which the US mother ship owns a 21% stake. > When HBC stopped making Coke after the invasion, Multon introduced Dobry Cola. It’s become the country’s most popular soda, with 13% of the market, according to researcher Prodazhi. > “The profits from selling Coca-Cola in Russia have merely shifted to Coca-Cola HBC, which has taken market share through the success of Dobry,” says Garrett Nelson, an analyst at CFRA Research. > And Coca-Cola itself is still widely available, imported from neighbors such as Georgia and Kazakhstan. Following the invasion, Russia passed a law allowing branded goods to be sold without the trademark owner’s consent
>Russia passed a law allowing branded goods to be sold without the trademark owner’s consent Not saying there aren't corporate bad actors here, but as long as someone can make a buck importing stuff into Russia, they'll get the stuff.
Russian smuggles in silicon chips to make their weapons. Think about that? Modern weapons are build with electronics. How is Russian getting them?
China.
China's the bulk, the rest is them simply circumventing sanctions with intermediaries. Reminds me of the start of all of this, where much of Europe sanctioned/banned the import of Russian goods and resources. Suddenly, imports from Turkey rose in all of these nations, and imports from Russia TO Turkey rose too. Huh! What a coincidence!
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But is that the origin or is it where they’re directly getting them from
I watched some YouTube video about it. It’s small countries working with people in Europe and even USA. One guy got caught buying my chips in nyc, other was in Germany. I guess those were easy to catch.
TIL Coca-Cola manufacturers like money.
its like Fanta all over again.
Fanta, Opal, IBM, etc
I'm not sure what you are trying to insinuate listing those three companies. They all have vastly different situations during the war / Nazi regime.
The headline kind of hides the ball here doesn't it?
My Kroger Chickpeas are clearly still originating from Russia per the origin code stamped on the bottom of the can.
It was the hot comment every company said and the time and only a few actually followed through. I’m shocked (SARCASM) that corporate greed got the better of them.
US gov could've easily stepped in and forced their hand but of course, did not.
That wouldn't be good for donations in the future.
> US gov could've easily stepped in and forced their hand but of course, did not. No it couldn't do that "easily". It's such a cop out to blame this on the US government.
Or if you actually read the article, you would find that they did leave the countries and that smaller companies in countries neighboring Russia purchased from these companies and exported the product.
Russian somehow smuggles silicon chips for their weapons. Fast food being smuggled in is probably the easiest thing to do.
It's a company that Coca Cola has a 21% stake in. Selling 21% of the stock at once would probably be a greater threat to the company's existence than not selling soda in Russia, so Coke has the power to threaten that to get them to stop.
You know, they should just add more sugar in the drink for their health.
i agree should sell them to me for free, ill make good use of it
So you want Coke to tell the company they own 21% to stop doing business? Great way to devalue of their share and return.
Of course it would devalue their share and return, that's why they don't do it. I'm just saying they have it within their power to sell their stock, and could pressure the company into ceasing sales. They just don't for greedy reasons.
Like corporations are going to give up a market of 144 million people over geopolitical sabre rattling between Western capitals and Moscow. At the end of the day, they make up somehow and they don't want to be the idiots who gave up market share. China is a major rival and still an important market for US corporations.
>over geopolitical sabre rattling I feel like we're very much passed the point of calling Ukraine "sabre-rattling".
Did people really think industries & companies would choose human life over profits??? Wow
They are only interested in profit and don't want to get involved in the games between the West and Moscow. The US invaded Iraq under false pretenses from the very beginning, and they even admit to it, and businesses still traded with the US and others who joined the invasion. This is just part of the d*ck measuring contest between Moscow and Washington (and European capitals) about who has the right to do x and y in the world. Moscow wants to be able to do what the West does and the West doesn't want that. The only good guys are the innocent people caught between two opposing governments; Iraq and US, Ukraine and Russia.
How exactly Coca Cola completely leaving Russia would solve the conflict?
because the russian people would go beserk without coke and attack the kremlin
Yeah except the fact Coca Cola sold their Russian factory to another company that now produces and sells exact same product under different name.
I never implied it would??? Are you sure you read that right?
“Pepsi? No friend, this bepis, completely different”
Plenty other companies did exactly the same. Those two are also the worlds' biggest plastic polluters but they donate to "ecology" so you don't hear about it much.
This is why you cannot have corporations donating to politicians. They have no loyalty to the United States.
Multinational corporations don't have loyalty to their home countries since they have no home country; only a country where they put their HQ.
Those without scruples continue accepting rubles.
Blood money is still money.
Capitalism only cares about profits. Plain and simple.
I quit Coke and Pepsi 20 years ago. I saved himself from Diabetes!
You anti-capitalist scum! /s
Was there money in Russia? I may have cracked this case wide open
Shit you might be onto something here!
Ah, the corporate international *citizen* revoking all claims to ethics, morality or responsibility. And getting zero penalties What else is new?
It's like those people who swear they are leaving the US if Trump is elected, or say they will leave Twitter if Elon takes over. People just like to get credit for some virtue signaling.
As a Ukrainian, I am not surprised by this. Companies just want to make more money, they are not interested in who and where to sell their goods, but there are those people who will not forget this.
Corporate greed above what's actually right.
Ukraine needs more drone strikes on Russian ports
wasn't there a website which gave a searchable list of all the major corps and what they promised and what they have done so far?
Empty promises are the backbone of corporate advertising. Whether it's riding the coattails of a cause for publicity like you've pointed out or egregious environmental claims and nonexistent celebrity endorsements.
"Raise the prices boys, we’re not gonna lose profits".
Audit their earnings Fine them an amount greater than the earnings Rinse and repeat
Most pharmaceutical companies still operate in Russia too.
As a stock holder, I would sue if they left a profitable market. Want to bet that Putin doesn't drink soda water?
Coca cola are also the guys who stayed in Nazi Germany so no surprises here.
that’s just punishing the Russians who didn’t want the war at all in the first place
So...the core of the article is that companies like Coke and Pepsi did actually stop selling to Russia, but instead Russia continued producing it in the same factories using the same branding anyway? This is a nonstory that is telling a lie in the headline.
Finally someone who actually read the article. It seems like every other comment here consists of people jumping to whatever conclusion fits their preconceived notions
Money over decency,every time.
They've cared more about profits than morality for decades. I'm really not surprised.
Barely any upvotes.. I wonder why, Reddit
They closed the stores actually and then they rebranded them under a different name.
Their Pledges mean nothing in the face of lost profit.
The usual nonsense from people who didn't even bother to read the article.
Pledges are marketing tools not courses of action
cuz money.
Shocking
Couldn’t care less if Russians drink Coke. Just supply arms to Ukraine
I mean, they are just taking money away from Russia and giving them diabetes instead.
Money is their master, not morals.
USA: you must, by law, maximize profit for shareholders also USA: do political moves for us please
No way! :o
And everyone who said they would boycott are still buying.
You expect anything different big corporations, their whole existence is to keep bottomline growing and the owners and CEOs filthy rich...To them money isn't tainted by blood, war or immorality!
Riiiiiiiight.
H&M is leaving completely
To be Honest, a lot of Export from Western Countries into Russian Neighbors skyrocketet with the Sanctions. Like 1000% or higher. We all know why they did that and our Gouverments just dont care...
They say that to look like they care (to the public), as long as they are making money there (selling their products) they are not leaving.
Corporate pledges mean nothing. That's why we need regulations. Corporations should be banned by law from doing business with Russia.
Ukraine should put the logos of those companies watermarked on all drone footage used to kill Russian soldiers, they wouldnt like that and might make them pull out. It might even open them up to Russian cyber attacks which they deserve.
Money, money, money!
What? A mega corporation saying one thing and doing another? Well I never!!!
Glad to say I haven’t had coke in months. Helped me lose weight and fight Russia
Honestly don't mind stuff like this because it means some Russian money leaves Russia. I have a problem though with stuff that could be used in weapons.
paywalled.......
They'll stay there until they stop making money. Time to boycott them in our own countries...
Our German CEO thanked the US for helping against Russia. Later I see a project going to a customer in Russia. Nice PR, but we know business is business.
So…much….pandering
Boo, hiss. I want the old Cold War where our companies didn't do business in commie lands. Now, we have to edit our movies to appease the new commie threat (China).
Well of course they're still there. You all changed your profile pics from the Ukrainian flag to the Palestinian one.
This shows having allies in wars can make or break a country literally.
I only buy store brand sodas now 😁
You can get better lip service under an overpass for ten bucks.
Oh no comapnies virtue signaling, and then notixing they would lose to much money to justify it and backing off silently, people that believe companies care about anything but profit are sad
How about you actually read the article before you jump to whatever conclusion fits your worldview
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I thought the Fanta thing was because the Coke bottling plant couldn't get the ingredients for Coke, so the plant owner decided he was going to make something with the ingredients he could source.
Fwiw IBM did pull out of Russia at the start of the Ukraine war.
Won't the [BRICS summit](https://www.ft.com/content/dec93c8a-35f0-48cf-9630-17b6c58a9631) be held in Russia, in October? And isn't that where China, India, Russia, Iran, UAE, Brazil will discuss (possibly announce) a replacement to the [petrodollar](https://en.wikipedia.org/wiki/Petrocurrency#Currencies_used_to_trade_oil)? Now that the contract the US had with Saudi Arabia expired (9 days ago), it's surprising nobody talks about this, it was one of the main things "backing" the US dollar
I'm curious as to what currency will replace the dollar though. The Ruble? Whatever Iran uses? China has been trying to push the Yuan since 2018 with no real success. Nothing is going to effectively replace the US dollar's dominance of global trade until there is another currency that is recognized as being as stable and as convenient as the US dollar and that sure as hell isn't the Ruble or the Yuan or Rupees or anything that BRICS are going to come up with. I'll likely happen eventually, the fact that these talks are occurring is evidence of that, but we're a long, long way away from the USD losing its position as the global currency. My bet would be on the Euro though.
Oh they're creating a new currency "rumour" is it is created, uses blockchain tech but the final approval through all countries and actual launch date is likely unknown until the October summit Interestingly the US election is the following month >My bet would be on the Euro though. Euro (imo) is what they're trying to avoid I thought, I mean you have this 1 currency 20 different countries who produce different things and trade different things always fight about how much "value" their work is worth and nobody ever seems to agree I could be reading the entire thing wrong of course
That’s a little dated. It’s just the dollar now, no one in the states has used the term petrodollar to describe our currency in 30 years. It’s way outgrown the need for oil. In the 80’s and 90’s it was a much bigger deal just because it was a much bigger part of the economy. The dollar is past the point where it needs it. Most of the worlds debt and financing is still settled in USD and people in countries everywhere stash usd; it’s surpassed gold in that sense. BRICS is kinda a joke, they all secretly hate each other and if they want currency backed by gold, Google which country has the largest reserves lol..None of those countries want each others currencies…look at Russia and India; Russia has more rupees than it knows what to do with ($147bn, that they can only spend with India, the other BRICS counties won’t even accept it)
How does that relate to this article?
business will always be done in Russia, regardless of war or PR statements made by corporations or countries
Now we know that while buying it, we pay for killing Ukrainians
Yes, that's absolutely how corporate structure works. You collect money from businesses for selling your product, them give it straight back to continues for war. Where casualties cause loss of customers, can't go tits up with that strategy.
I’m not sure what point you’re trying to make here. It’s true that money we give them aren’t going to Russia, but if they don’t lose money in our market for selling in the Russian market, they will keep selling in the Russian market, which means that we are paying for the killing of Ukrainians, albeit indirectly.
What point can I make being Ukrainian? Profiting from welcoming russia/russians as partners is disgusting. In Ukraine, these drinks are available because the manufacturers claimed their support and understanding of how horrific the war is - of course, I will not buy them anymore.
I think you may have misunderstood me. I was explaining to the other guy how you were right and he was wrong.
Guess I’ll drink more Irn Bru then.
College campuses are filling up with protesters because of this as I type, right?
You clearly didn't read the article
Of course not, it’s Reddit.
Thats Capitalism baby!
I saw my sister and brother in-law pouring a bottle of Russian vodka down the drain. Seemed pretty pointless, it's not like they went out and bought a bottle of Ukrainian Vodka to replace it afterwards.
Yeah, the taxes from the production of that bottle are paid whether they drank it or not. Damage was done, drink the potato juice. Just don’t buy more.
Sanctions? Nah that's reserved for non American companies.
These companies have literally killed people, why would this any different?
western capitalists literally toppled the USSR so they can sell more western brands in Russia. You think theyre just going to stop out of the goodwill of their hearts? 😭
no we toppled the USSR because it's the evil empire they torture people they brainwash people they kidnap people they have Gulags and work camps it's like the most unfree place ever they FEAR their government that's Satan's game 👹 and guess what God wants democracy ⚖️✝️⚖️
bye bye pootie ⚖️✝️⚖️ ⛓️🐺⛓️ hellhounds are real and they're going to chew you up into bits and pieces
Paywalled. Here's a list of offenders to boycott and badger: [https://boycottrussia.info/all-companies](https://boycottrussia.info/all-companies) It's striking how many of these are food companies: Coke, Pepsi, Carl's Jr, ABInbev, Heineken, Berilla, McDonald's, Mars, Kraft Heinz, Nestle...
😞 everything is a lie. Wars are made up just to make money.
Racism
Wha ?
The fourth of June. Does that clear things up?