19 January 2025
23:56
TikTok back to US, Washington to own 50% — Trump
23:45
Apple CEO vows to make ‘massive investment’ in US — Trump
23:44
Donald Trump to assume office as President of the United States
22:25 Military operation in Ukraine
Ukrainian commander-in-chief admits Kiev unable to intercept Oreshnik hypersonic missile
20:38
Iran’s Pezeshkian says full-fledged military cooperation between Tehran, Moscow possible
19:18 Military operation in Ukraine
Trump determined to put an end to Ukraine conflict, his incoming security aide says
18:19
TikTok says it is coming back online in US following Trump’s assurances
17:19
West seeking to impose anti-Iranian, anti-Russian sentiment on world — Pezeshkian
17:08 Middle East conflict
Gaza radicals to stay committed to ceasefire if Israel adheres to agreement — Hamas
16:34
Western intelligence denies Russia’s sabotage behind undersea cable damage in Baltic — WP
15:08
Iranian president describes relations with Putin as friendly
13:04
Zelensky to cause EU losses worth 70 bln euro by terminating transit of Russian gas
12:47
Switzerland unfreezes assets of trusts related to Usmanov — Tages-Anzeiger
12:39 Military operation in Ukraine
Russian army liberates Vozdvizhenka in Donetsk People’s Republic
12:31
Slovakia believes Putin, Trump to agree on Ukraine’s military neutrality
11:49
Several thousand people rally against US President-elect Donald Trump in Washington
11:36 Middle East conflict
Hamas confirms ceasefire in Gaza Strip becomes effective
11:30 Military operation in Ukraine
Ukraine loses over 210 soldiers in Kursk Region in past day
10:16 Middle East conflict
Israeli Supreme Court dismisses all actions against release of Palestinian prisoners — TV
10:09 Middle East conflict
Hamas hands over list of hostages it plans to release on January 19 to intermediaries
09:47 Middle East conflict
Ceasefire in Gaza Strip not to come into force until Hamas fulfils its obligations — IDF
09:37
Biden’s administration has done tremendous disservice to Russian-US relations — Lavrov
09:32 Middle East conflict
Hamas says transfer of list of hostages to Israel delayed due to technical reasons
08:30 Middle East conflict
IDF reports of another wave of strikes on radicals’ targets in Gaza Strip
08:13 Middle East conflict
IDF says continuing to strike radicals’ targets in Gaza Strip
06:19
Umar Nurmagomedov defeated by Dvalishvili in UFC Bantamweight Title Fight
05:12
Trump meme coin trading volume above $11 bln
04:33
Access to TikTok app blocked in the US
04:30 Military operation in Ukraine
Russian fighter-bomber hit Ukrainian materiel, infantry in Kursk Region
04:25
TikTok starts notifying US users about service blocking
03:54 Middle East conflict
Hamas delayed handover of hostages list to Israel due to technical reasons — Ynet
03:34
Trump’s special envoy eyeing trip to Gaza — NBC
03:32
Trump may postpone meeting with UK Prime Minister — newspaper
01:58
Prince Vandal drone to have complete import substitution
01:56
Death toll in rebels’ clashes in Colombia close to sixty
01:55
Trump wants to visit China during first 100 days after inauguration — WSJ
01:45
About 300 UK military to travel to Romania via Czech Republic
01:43 Military operation in Ukraine
Bodies of seven civilians found in village in Kursk Region
01:41
Perplexity AI offers merger with TikTok — TV
01:37
West involved in attempts to stage ‘color revolution’ in Serbia - Vucic
01:35
PREVIEW: 4th Made in Russia festival to open in China
01:30
PREVIEW: TikTok terminates operations in the US due to ban
01:23 Middle East conflict
PREVIEW: Israel preparing to receive first group of released hostages from Gaza
00:08
FACTBOX: Orthodox feast of Epiphany
00:06 Middle East conflict
Hamas expected to hand over list with names of freed hostages within hours — TV
00:04
Israel will resume fighting in Gaza if need be, Netanyahu pledges
All news
18 Jun 2024, 18:28

Western companies still working in Russia, despite promises to leave — Bloomberg

It was noted that most of these companies rebranded instead of leaving the country

NEW YORK, June 18. /TASS/. Dozens of the largest Western companies continue to operate in Russia, despite public promises to stop doing business in the country after the start of a special operation in Ukraine, Bloomberg reported.

The report named Coca-Cola Co., PepsiCo Inc., Danone, Carlsberg S.A., Benetton Group, and Auchan corporations as examples. It was noted that most of these companies rebranded instead of leaving the country.

For example, US parent company Coca-Cola Co. stopped making products under the Coca-Cola brand after the start of Russia’s special operation. At the same time, its Russian companies are managed by Multon Partners, which is owned by the legal entity Coca-Cola HBC, a UK subsidiary of the Coca-Cola Co., in which it owns a 21% stake. After Coca-Cola supplies were discontinued, Multon decided to sell an equivalent on the Russian market under the Dobry Cola brand. "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," Bloomberg quoted Garrett Nelson, an analyst at CFRA Research.

Other companies adopted similar strategies. For example, instead of a Pepsi-branded drink, PepsiCo Inc. produces its counterpart Evervess and Frustyle (an analog of Mirinda). As a result, Dobry Cola remains the most popular carbonated beverage with a market share of 14%, and PepsiCo Inc.'s sales in Russia "jumped by 12%" compared to last year.

At the same time, according to the agency, a number of corporations decided to continue operating in Russia due to changes in Russian legislation introduced in response to economic sanctions from unfriendly countries. Some companies did not want to sell production facilities at a huge discount and also allegedly faced difficulties in withdrawing money from the country.

It was reported on June 8 that June 14 the Coca-Cola Company, which has left the Russian market, applied in April to the Federal Service for Intellectual Property (Rospatent) to register 8 trademarks in Russia According to Vedomosti, the trademarks fall under classes 32 and 33 of the International Classification of Goods and Services, which cover soft and alcoholic drinks, carbonated water, and so on. The company seeks to register the brands Sprite, Power Ade, Fanta, and others under this categorization

The Coca-Cola Company halted operations in Russia in March 2022, but Coca-Cola beverages imported from other countries are still available in stores.