Russia will no longer produce Coca-Cola.

The US multinational claims it is liquidating its stock and leaving the Russian market.

Coca-Cola has said that it will formally leave the Russian market and that it is working to exhaust its supply there.

As of Thursday, the company will "never longer produce or sell Coca-Cola or other brands of the Coca-Cola Company in Russia," according to a statement released by the company.

The American beverage juggernaut had previously stated its intention to halt operations in Russia in March, joining the migration of other well-known Western companies like McDonald's as a result of the sanctions related to the situation in Ukraine.

The sales of Pepsi-Cola, 7up, and Mirinda beverages in Russia have been halted by PepsiCo, another beverage manufacturer that has announced exit strategies. In the Soviet Union, the firm was the first American brand to establish itself in 1974.

Currently, Coca-Cola runs ten facilities in Russia where it makes soft drinks such Fanta, Sprite, and Schweppes as well as regional brands like Bonaqua, Dobry, Moya Semya, and Rich juice. The US company has yet to specify if its brands with a presence in Russia would be sold or discontinued.

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