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A Pepsi logo is displayed in English and Russian in Moscow, Russia, undated.
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PepsiCo said it would leave Russia. Last year, it paid $237 million to the state

by Toby Woodall

In response to Russia's full-scale invasion, PepsiCo announced it would suspend production and sales in Russia in March 2022 — and yet, last year it still paid $237 million in income tax to the Russian state. PepsiCo, one of the largest food and drink producers in the world, remains Russia's fourth-largest foreign business — with 60,000 workers and 19 factories still producing Pepsi Cola for Russian shelves under new names, Lyubimaya Cola and Evervess Cola. That continued presence means more m

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Ukraine can now forcibly evacuate children from the front line. Critics say it’s not that simple

Editor's note: Some names in this story have been changed to protect the identities of the mothers, who spoke on condition of anonymity. As Russian forces advanced on a city in eastern Ukraine this spring, not everyone followed the evacuation orders. Mariia, mother of a two-year-old daughter, hesitated, wary of the uncertainty that comes with displacement. Mariia’s family had already fled once before in 2022 at the start of the full-scale invasion, only for a lack of support to drive her famil

A mother and her son stand at the scene of a Russian attack in Sloviansk, Ukraine, on June 21, 2026.

About Business

The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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Two large and heavily armed states locked in an existential armed struggle. Hundreds of thousands of casualties. Mass mobilization. Systematic long-range strike campaigns against the enemy's economy and infrastructure. Defense budgets swallowing huge proportions of state spending. All these factors evoke an image of "total war" — the kind of interstate conflict where state, society, and economy are all not only an active part of the war effort but also a target of enemy strikes. Russia's full-

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