As of March 8, Coca-Cola has suspended its business in Russia. The company contributed around 2 percent net operating revenue in 2021 in Russia.
On March 8, Coca-Cola published a press release stating that it was suspending its business dealings in Russia. "Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine. We will continue to monitor and assess the situation as circumstances evolve," the company said.
Reuters reported that Coca-Cola's business in Russia and Ukraine contributed about 1 percent to 2 percent of the company's net operating revenue in 2021. The BBC reported that Coca-Cola also has a roughly 20 percent ownership stake in Russia's bottling and distribution business.
Other than Coca-Cola, companies like McDonald's, PepsiCo, and Starbucks have also suspended business in Russia.