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. Last Updated: 07/27/2016

Coke Claims 1st Place

MOSCOW () -- Coca-Cola Co. announced Thursday that it estimated investment in Russia this year at $100 million, which would bring its total investment in the former Soviet Union since 1991 to $600 million.

Michael O'Neill, the U.S. company's regional representative for Russia, Kazakhstan and Moldova, said 1996 saw Coke bump worldwide rival Pepsi-Cola out of its 20-year lead in the former Soviet Union for sales volumes of nonalcoholic cola drinks .