As the world's biggest soft drinks makers cut their Russian ties, local producer Chernogolovka is aiming for a 50 per cent share of the country's near $9 billion market, its boss told Reuters. A mass exodus of Western firms due to sanctions and restrictions over Russia's actions in Ukraine has created an unexpected opportunity for Russian businesses and entrepreneurs. "We were, are and will be the main Russian producer of drinks," Sakhnina said. "We hope and are working on gaining absolute leadership in the Russian market." Revenue in Russia's non-alcoholic drinks market totals $8.8 billion, according to data provider Statista.

Source: Daily Nation August 04, 2022 01:58 UTC