Coca-Cola follows McDonald’s, Starbucks in suspending business in Russia

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  • PepsiCo, Coca-Cola, McDonald’s and Starbucks each said Tuesday they are suspending business in Russia after that country’s invasion of Ukraine.
  • It’s a symbolic move by the iconic U.S. brands, some of which have been operating in the country since it was part of the Soviet Union.
  • In recent days, all four companies have drawn criticism for continuing to operate in Russia while other U.S. companies announced business suspensions.

PepsiCo, Coca-Cola, McDonald’s and Starbucks each said Tuesday they are suspending business in Russia after that country’s invasion of Ukraine, a symbolic move by four iconic U.S. brands.

Pepsi has sold it products in Russia for more than six decades, even when the company had to trade its soda concentrate for Stolichnaya vodka and warships. McDonald’s opened its first location beyond the Iron Curtain in Moscow, just months before the Soviet Union collapsed.

See also  McDonald’s to permanently leave Russia

www.cnbc.com/2022/03/08/coca-cola-follows-mcdonalds-starbucks-in-suspending-business-in-russia.html

McDonald’s joins corporate America’s exit from Russia with closure of 850 restaurants

McDonald’s Corporation (MCD) said Tuesday the U.S.-based fast-food giant will temporarily close all restaurants in the country and pause operations in its Russian market, heeding to growing criticism over its silence on the conflict even as other multinational companies have severed ties with the nation.
finance.yahoo.com/news/mc-donalds-joins-corporate-americas-exit-from-russia-with-closure-of-850-restaurants-183619416.html
 

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