Finnish parliament drops Pepsi as fallout continues from its addition to international sponsors of war list

Best to not drink any soft drinks

Again: The Norwegian Sovereign Wealth Fund still have active investments in Russia.

Where is the outrage for them?

According to this Norwegian publication in an article published January 31st 2023:

the Norwegian oil fund still holds hundreds of millions worth of shares in petroleum companies like Gazprom, Novatek, Bashneft and Lukoil

Even if the value of their investments lower, they still haven’t pulled out any from Russia. The investments could be worth very little, but they still have something invested in Russia.

Norwegian Government on February 28, 2022, ordered the Oil Fund to freeze all investments in Russia and prepare a plan for divesting with the goal of totally exiting the Russian stock market

What’s stopping them?

I mean, the US has been helping Saudi Arabia starve and destroy Yemen for eight years now. Aren't we also a sponsor of war?

All the more reason to stay away from soda

The title is incredibly hard to understand.

Also:

• Don't import Coke from Mexico--the anchor bottler also has a stake in Heineken (soup)
• Don't drink Dr. Pepper until Mondelez quits Russia or DPS

This is the best summary I could come up with:

The Finnish parliament will no longer carry Pepsi products as the American soft drink giant continues to support the Russian economy by continuing its operations in the aggressor country, Finnish news outlet Yle reported on Sept. 5, citing the manager of the parliament’s restaurant.

Pepsi products that had already been received have been removed from the shelves.

Earlier, MP Tuomas Kettunen demanded that the parliament building stop selling Pepsi products.

Pepsi and Mars were added to the international sponsors of war list on Sept. 1 by Ukraine’s National Agency on Corruption Prevention (NACP) for continuing to operate in Russia after the invasion and continuing to pay taxes to the aggressor state’s budget.

Earlier, the media reported that Mondelez, Mars, and PepsiCo recorded a significant increase in sales in Russia in 2022.

The original article contains 131 words, the summary contains 131 words. Saved 0%. I'm a bot and I'm open source!

So what sodas CAN I drink?

I have a genuine question that maybe somebody with more economic knowledge can educate me in:

How is continuing the sale in Russia helping Russia? As I understand Russia is gaining money on the sales taxes, etc. but the rest of the earnings will go to the US parent company, which cannot be taxed directly by Russia. If Pepsi backs out, wouldn't operations just be replaced by a rebranded russian company, where all of the earnings would be under russian "sphere of influence"?

I genuinely do not understand why Pepsi backing out is considered bad for Russia. I thought countries generally prefer national companies over foreign ones.

Damnit, now my liver is going to just have to learn to get by with just being more healthy.

Maybe Im dense but why does the Finnish government carry a soda anyway?

This international sponsors of war thing really should only apply to companies based in countries that have sanctioned Russia - if you're not operating against sanctions, the onus isn't with the company (which could be sued for contract violations) but with the government for not placing sanctions.

It used to be that Coca-Cola and Pepsi divided the sides in the Middle East between them (one sold their product in Israel, and was banned in much of the Arab world, which the other took). Now history may be repeating itself with the Russian invasion of Ukraine.

This is almost as dumb as Freedom Fries.

They have a duty to try and maximize the return on investment for their stakeholders. Dumping all of their stock on the market at once would crater the value of those holdings. In the end the only people who would benefit would be those who picked up that stock cheap (probably the Russian Oligarchy). It would also greatly harm the Sovereign fund due to the losses incurred.

Selling off holdings slowly to try and minimize losses for the sovereign fund is the logical move.