Oct. 23 at 1:31 AM
$PM $PEP
https://copilot.microsoft.com/shares/GnrGki5R8KcWNHniRCmw7
"Yes, both **PepsiCo** and **Philip Morris International (PMI)** continue to operate in Russia, though with some adjustments and public scrutiny.
### 🥤 PepsiCo in Russia (2025)
- **Operations**: PepsiCo still runs **19 plants** and employs around **60,000 people** in Russia.
- **Revenue**: Generated **
$4.5 billion** in 2024, with **
$122 million** paid in profit taxes to Russia.
### 🚬 Philip Morris International in Russia (2025)
- **Operations**: PMI has **over 3,200 employees** and maintains manufacturing facilities.
- **Revenue Impact**: Russia accounted for **~10% of PMI’s global cigarette and heated tobacco volume** and **~6% of net revenues** as of 2021.
- **Actions Taken**:
- Suspended new investments and product launches in 2022.
- Scaled down manufacturing but did **not exit** the market.
- **Tax Contributions**: Paid **
$220 million** in profit taxes to Russia in 2023, making it the **top U.S. contributor** to Kremlin tax revenue.
