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McDonald's, Starbucks, PepsiCo, Coca-Cola suspend business in Russia
Updated On: 09 March, 2022 10:36 AM IST | New York | ANI
However, PepsiCo added that it will continue to offer its daily essentials such as milk and other dairy offerings, baby formula and baby food in the Russian markets
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McDonald`s, Coca-Cola and Starbucks on Tuesday bowed to public pressure and suspended their operations in Russia, joining the international corporate chorus of outrage over Moscow`s invasion of Ukraine. Pic/AFP
US beverage giants PepsiCo and Coca-Cola, along with fast food major McDonald`s and coffeehouse chain Starbucks all announced on Tuesday that they were temporarily suspending their business in Russia in response to the country`s invasion of Ukraine.
"Given the horrific events occurring in Ukraine, we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda. We will also be suspending capital investments and all advertising and promotional activities in Russia," CEO Ramon Laguarta wrote in a letter to PepsiCo associates.
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