McDonald’s Corp., Coca-Cola Co. and Starbucks Corp. are temporarily halting business operations in Russia amid an intensifying backlash since the invasion of Ukraine started nearly two weeks ago. PepsiCo Inc. said it would suspend soft drink sales in Russia but would continue to sell daily essentials such as milk and baby formula. The moves to step back from Russia will further isolate the nation of 144 million people, which is the world’s 11th-largest economy. Coca-Cola, for example, is a supplier for McDonald’s, so McDonald’s action deprives it of a major client in the country. The company had earlier said it would pause investment and restaurant development in Russia and channel all profits there into humanitarian efforts.

Source: Daily Nation March 09, 2022 11:12 UTC