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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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Explainer: What does Ukraine's latest corruption scandal tell us about how Zelensky governs?

This week's charges against Iryna Mudra, a presidential deputy chief of staff, and other suspects in a high-profile corruption case marked the latest chapter in the corruption saga that has gripped Ukraine since last year. An investigation centered around state nuclear power monopoly Energoatom has prompted a political earthquake in Ukraine, becoming the biggest corruption case of President Volodymyr Zelensky's tenure. Specifically, the investigation led to the resignation of Zelensky's Chief

Ukraine war latest: Ukrainian drones set Russia's Perm oil refinery ablaze

Key developments on Aug. 21: * Zelensky confirms drone attack on oil refinery in Russia's Perm * Russian double-tap strike on shopping center in Kryvyi Rih kills at least 14, injures more than 100 * Ukrainian attack on Russian air base damages Su-34 bomber * Retired FSB general found dead in Moscow, Russian media report * More than 80 Ukrainian soldiers deserted during training in Germany, media reports President Zelensky confirmed a drone strike on Russia's Perm oil refinery overnight on

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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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