Coca-Cola Alongside Pepsi and McDonald’s suspend business in Russia
PepsiCo, Coca-Cola, McDonald’s, and Starbucks have all indicated that they will cease operations in Russia as a result of the country’s invasion of Ukraine.
After Pepsi, Coke, McDonald’s, and Starbucks were chastised for continuing to operate in Russia while other American corporations announced suspensions and sales pauses, the decision was made.
Yale Professor Jeffrey Sonnenfeld gathered and published a list of American corporations that withdrew from Russia in the aftermath of President Vladimir Putin’s invasion, as well as those that did not.
“Our thoughts are with the people who are suffering horrific impacts from these awful events in Ukraine,” Coke stated in a brief statement on Tuesday afternoon. As events unfold, we will continue to monitor and analyze the situation.”
Pepsi, on the other hand, has announced that sales of Pepsi-Cola, 7UP, and Mirinda in Russia, as well as capital investments and all advertising and promotional activities, would be suspended.
On Tuesday, McDonald’s announced that all 850 of its Russian outlets will close for the time being. Until then, the fast food business had remained deafeningly silence on the war, receiving harsher condemnation than the few of restaurants that criticized the invasion but kept their doors open.