Bottling company Coca-Cola HBC AG started to deplete its stocks in Russia.
Coca-Cola HBC said it would “no longer produce or sell Coca-Cola or other brands of The Coca-Cola Company in Russia” after its stocks had been depleted.
In May, Coca-Cola HBC said it had stopped placing orders for and investing in Russia. Coca-Cola HBC’s announcement came after The Coca-Cola Company stated it had suspended all its business in Russia.
Moscow’s Deputy Prime Minister, Georgy Filimonov, said Friday a company would deliver Coca-Cola and Fanta “analogues” to Moscow next week. Filimonov said the carbonated drink analogues with the brand Funky Monkey would replace Coca-Cola and Fanta.
“As early as next week, deliveries of highly carbonated soft drinks produced at domestic facilities with the familiar taste of Fanta and Coca-Cola will begin from the city of Vidnoe to store shelves,” Filimonov said.
Coca-Cola HBC has 10 plants in Russia, producing products such as Coca-Cola, Fanta, Sprite, Powerade, and Schweppes.
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