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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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Fedorov’s call for wartime elections, explained

The Kyiv Independent's Deputy Chief Editor Oleksiy Sorokin and Chief Editor Olga Rudenko debate whether Ukraine could hold an election during the war, what would need to change to make it possible, and whether delaying elections indefinitely could become a threat to Ukrainian democracy.

Another major corruption probe hits Zelensky's office, as investigators charge his deputy chief of staff

Editor's note: This story is being updated. Key takeaways: * Investigators release tapes implicating top officials in money laundering * The suspects include former presidential Deputy Chief of Staff Iryna Mudra, lawmaker Vadym Stolar, former lawmaker Maksym Mykytas, and top executives of state-owned Sense Bank * The suspects are accused of laundering Hr 150 million ($3.4 million) and transferring the funds through Sense Bank to post bail for former Justice and Energy Minister Herman Halush

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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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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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