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Major U.S. brands McDonald’s (MCD), Coca-Cola (KO) and Starbucks (SBUX) have each halted their business operations and sales in Russia amid an intensifying backlash over the invasion of Ukraine. The iconic brands, viewed around the world as the face of U.S. capitalism, join hundreds of other global companies that have halted work in Russia since the war began. PepsiCo (PEP) said it would suspend soft drink sales in Russia but would continue to sell daily essentials such as milk and baby formula. After days of criticism on social media, companies with larger or more entrenched operations in Russia are starting to relent as the death toll rises in Ukraine and millions of refugees flee. The moves to step back from Russia will further isolate the nation of 144 million people, which is the world’s 11th-largest economy. Other major companies that have announced a scaling back of their Russia operations include PayPal Holdings (PYPL), which has suspended services in the country; Amazon’s (AMZN) cloud-computing unit announced it will stop accepting new customers in Russia or Belarus; and Rolex, the biggest luxury Swiss watch brand, said it will halt exports to Russia.

S&P Global Inc. said it has decided to suspend commercial operations in Russia, following its invasion of neighboring Ukraine, joining a long list of companies that are withdrawing from the country. "As a provider of independent news, research, benchmarks, and analytics, S&P Global will continue to play our essential role in global markets by providing critical information on Russian markets for our customers to make important decisions," the company said in a statement. "As a purpose-led organization we believe in doing the right thing." The company''s global ratings business downgraded Russia''s sovereign rating on March 3 to push it deeper into junk territory. It lowered the rating to CCC-minus from BB-plus, less than a week after it had first downgraded it to below investment grade. On Tuesday, McDonald''s , Starbucks , PepsiCo and GE all announced plans to pull out of Russia over its attack on Ukraine. S&P shares were up 0.1% premarket and have gained 13.5% in the last 12 months, while the S&P 500 has gained 7.6%.

US-based multinational food, snack, and beverage corporation PepsiCo suspended the production and sale of its beverage brands in Russia, according to a statement by the company. The company said late Tuesday that it is also suspending capital investments and all advertising and promotional activitie ..

New Delhi/Moscow, March 9 (IANS) Several consumer giants including McDonald’s, Coca-Cola, Starbucks and PepsiCo have shut their restaurants and paused business in Russia due to its invasion of Ukraine. Other well-known Western food giants such as KFC and Burger King were also reportedly stopping sales in Russia. McDonald’s said it was temporarily closing its roughly […] The post McDonald’s, Starbucks, Coca-Cola shut shops, halt production in Russia appeared first on Buziness Bytes .

Top US companies have decided to shut shop in Russia to protest the invasion of Ukraine. The companies which have suspended operations include McDonald’s, Starbucks, Coca-Cola, PepsiCo, and General Electric “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s President and CEO Chris Kempczinski said in an open letter to […]

PepsiCo said it will continue to supply daily essentials such as milk, baby formula and baby food. The post PepsiCo suspends drink sales in Russia; supply of food “essentials” continues appeared first on Just Food .

New York (CNN Business) – McDonald’s and Starbucks are shutting their restaurants and cafes in Russia, and Coca-Cola is suspending its operations there in response to Russia’s invasion of Ukraine. PepsiCo is also pulling some products from the country. “McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations in … The post McDonald’s, Starbucks and Coca-Cola leave Russia appeared first on Egypt Independent .

(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-0176876508545781", enable_page_level_ads: true }); The suspension comes as corporations and Western governments penalise Moscow for its invasion of Ukraine Russia’s attack on its neighbour has drawn unprecedented sanctions and international condemnation that has piled up as the military offensive has taken a growing toll on Ukraine. “Our hearts are with the people who are enduring unconscionable effects from these

Western food diplomacy was one of the first things that flourished in Russia after the Iron Curtain fell in 1989

PepsiCo, Coca-Cola and Starbucks suspended business in Russia after that country’s invasion of Ukraine. Yale Professor Jeffrey Sonnenfeld made a public list of U.S. companies that have withdrawn from Russia following President Vladimir Putin’s invasion. Until Tuesday afternoon, Coke was among the most recognizable names on the spreadsheet. “Our hearts are with the people who […]

PepsiCo, Coca-Cola, McDonald’s, and Starbucks have announced the suspension of operations in Russia.

International beverage brands PepsiCo, Coca-Cola, and food brand McDonald’s, and Starbucks have announced they are suspending business in Russia after Ukraine Invasion. The decision comes after Pepsi, Coke, McDonald’s and Starbucks drew criticism for continuing to operate in Russia while other U.S. companies announced suspensions and paused sales. Yale Professor Jeffrey Sonnenfeld had compiled […] The post Pepsi, Coca Cola, Macdonald Halt Business In Russia appeared first on Newsbreak.ng .

Iconic international brands, Coca Cola, PepsiCo, McDonald’s and Starbucks, have all temporarily shut their businesses in Russia in response to the country’s invasion of Ukraine. The global firms took the decision to join several other companies to pull out of Russia following threats of boycotts for failing to shut down their businesses in Russia to protest the war. In a statement on Tuesday, McDonald’s said all 850 of its restaurants in Russia will close down but will continue to pay the 62,000 people who work for them there. McDonald’s owns 84% of its restaurants in Russia, and they contributed 9% of the company’s revenue last year. In a letter to employees, the company’s president and CEO Chris Kempckinski, said closing the outlets is the right thing to do because they cannot ignore the “needless human suffering in Ukraine”. Just hours after the McDonald’s announcement, Starbucks also announced it was “suspending all business activity in Russia, including shipment of its products and cafes run by a licensee.” The company said Kuwait-based Alshaya Group, which operates at least 100 Starbucks cafes in Russia, will “provide support to the nearly 2,000 partners who depend on Starbucks for their livelihood.” Read also: Russian President Putin lists unfriendly countries, vows ‘decisive actions’ Coca-Cola became the third international company to close shop on Tuesday when it released a statement that it was “suspending its business in Russia”. “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine. “We will continue to monitor and assess the situation as circumstances evolve,” a statement from the soft drink giant said.