Moscow buying coke

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Moscow buying coke

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Moscow buying coke

Coca-Cola announced it was leaving the Russian market back in March as part of the global response to the invasion of Ukraine. Yet the U. Two weeks after the invasion of Ukraine, the U. Coca-Cola Company announced that it was ceasing operations in Russia, abandoning its investments and halting its promotional activities. That meant that officially, Coca-Cola, Sprite, Fanta and other brands would no longer be on sale. However, the American parent company has never been directly responsible for its production and sales in the Russian market. However, second place in the market went to the original U. And now, its sales in Russia make money not for Greek businessmen, but Russian billionaires. All Coca-Cola sold in Russia is imported as of last fall. There are dozens of companies bringing the drinks into the country, including the UAE, Iran, Turkey, Azerbaijan and many other countries. Journalists have even found bottles of Coke imported from Taliban-held Afghanistan. This figure is based on records from Rosakkreditatsiya, the state agency that issues the declarations of conformity which are required for importing goods into Russia. A serial declaration enables Foodmall to import any volume from its designated supplier, which is in this case the Azerbaijan-based Coca-Cola Bottlers LTD. The same bottler is also delivering cola to the Rostov region in southern Russia via Korzinka, a company specially created for this purpose. It was founded by the year-old wife of the head of a large meat processing plant in Rostov. In Vladivostok, a major port close to the Chinese border, a Chinese bottler supplies local distributor Digoods. Another Vladivostok-based company, Trade Group, filed a declaration to import barrels of cola, apparently for the hospitality industry. The Coca-Cola Company was able to improve its image in the eyes of clients and investors, albeit at the cost of lost profits. Meanwhile, Russian businessmen have gained more opportunities to earn from importing soda under the Coca-Cola brand name. The firings affected only the offices in Cyprus, Serbia and Hungary. Russian citizens were featured heavily among those. An inside look at the Russian economy and politics. Exclusively in your inbox every week. The Bell. You might also like. The Bell's Newsletter An inside look at the Russian economy and politics. Featured Posts. Twitter RSS.

Moscow buying coke