MOSCOW, July 6 (Reuters) - PepsiCo Inc pledged on Monday to invest $1bn in Russia over three years and said it was confident in the Russian market, even as the country suffers its first recession in a decade.

”This investment reflects very clearly our great confidence in Russia and our long-term commitment to this very important market,” PepsiCo chairman and chief executive Indra Nooyi said in a statement.