Coca-Cola decides to suspend its business in Russia
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Coca-Cola Company (KO) announced on Tuesday that it is suspending its business in Russia in a development that was widely anticipated.
The company said its hearts are with the people who are enduring unconscionable effects from the tragic events in Ukraine.

Coca-Cola (NYSE:KO) plans to continue to monitor and assess the situation as circumstances evolve.
Rival PepsiCo (NASDAQ:PEP), which has a larger percentage of its revenue tied to Russia, is still considering options with its business in the region.

Shares of KO are down about 0.50% on a year-to-date basis as commodity inflation and the Russia issue has offset the stock's attractive positioning with dividend and value investors.