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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 war latest: Zelensky formally nominates Khmara as defense minister, rules out Fedorov's comeback

Key developments on Aug. 18: * Zelensky formally taps Khmara as defense minister, ruling out Fedorov's return * Ukraine launches hundreds of drones towards Moscow in latest large-scale attack, reportedly damaging Wildberries warehouse * Russia threatens UK over supplying drones to Ukraine * Ghana asks Moscow to stop recruiting its citizens for war in Ukraine * SBU detains alleged Russian agent accused of registering Starlink terminals for Russian troops President Volodymyr Zelensky on Aug

'But what did we do?' — How Ukraine's strikes on Wildberries brought Russia's war home

When we started this series in the spring, the idea was simple: every month, to take apart the five most notable Ukrainian strikes deep into Russia and see how Russians themselves are living through them. This is the third installment — and the format had to change substantially. In July, the five "most significant" strikes had already been racked up by around the middle of the month, and the list of noteworthy ones kept growing. So this time there is no strict ranking: first, briefly, about t

Black smoke rises from a distribution warehouse near Moscow, Russia, on August 16, 2026.

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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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