(Reuters] – Coca-Cola Soft Drinks Bottler (NYSE:). HBC AG announced that on Thursday, it will review all options regarding its Russian operations. The company plans to have a smaller footprint in Russia and focus on local brands.

Russia is a major market for the bottler. Coca-Cola and the Bottler are working together to execute the decision by the U.S. beverage giant to close its Russian business as well as stop concentrate orders.

HBC is Coca-Cola’s bottler worldwide. It holds Coca-Cola franchises that allow local Coca-Cola customers to drink the beverages produced by their beverage giant. HBC holds about 21% of Coca-Cola’s stake.

London-listed firm said that organic revenues in the quarter ended March 31st were up 25.9%.