Pepsi announces $1B Russian investment

PepsiCo has just announced a massive $1 billion dollar Russian investment over a three-year time frame.

The new $1 billion investment brings Pepsi’s total investment in Russia to $4 billion, according to a statement released by Pepsi today.

Pepsi CEO Indra Nooyi said today, “This investment reflects very clearly our great confidence in Russia and our long-term commitment to this very important market,”

The Pepsi investment marks the first significant foreign investment in Russia post the Georgia conflict in August 2008.

 The news comes amid the two-day US-Russia business summit now taking place that is aimed at resetting US-Russian ties.

President Obama has already arrived in Russia, and will later deliver a major foreign policy address from Moscow.

President Obama and Russian President Dmitriy Mededev met for three-hours today behind closed doors.

There were three signing ceremonies, including the signing of a treaty aimed at reducing nuclear weapons by 1,700 within seven years for both nations.

Mededev also removed imports on specific U.S. livestock.

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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
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