- Region:
- World
- Category:
- Business
McDonald’s, Starbucks, Coca-Cola and Pepsi suspend Russian operations
![McDonald’s, Starbucks, Coca-Cola and Pepsi suspend Russian operations]()
‘Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,’ says burger chain’s chief executive McDonald’s, Starbucks, Coca-Cola and Pepsi suspend Russian operations
‘Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,’ says burger chain’s chief executive
The pull-out of iconic western brands from Russia is gathering momentum, with Starbucks, Coca-Cola and Pepsi joining McDonald’s in pausing operations in response to Russia’s invasion of Ukraine.
Late on Tuesday, PepsiCo, the soft-drink and snack maker, said it was suspending all advertising in Russia and stopping the sale of its drinks brands, after a similar announcement by its rival Coca-Cola.
Fast-food giant McDonald’s said earlier that it will temporarily suspend operations at its 850 locations.
The Chicago-based company, which owns 84% of its stores in Russia, could take a big financial hit because of the closures. In a recent regulatory filing, McDonald’s said its restaurants in Russia and Ukraine contributed 9% of its annual revenue, or around $2bn.
