Coca-Cola Starts Depleting Russian Inventory Stocks

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.

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.