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Russia: McDonald’s, Starbucks and Coca-Cola pull out of the country

In response to Russia’s invasion of Ukraine, international businesses are pulling out of Russia. The restaurant, McDonalds, the brand Coca-Cola and the coffee making café, Starbucks are the first few that have decided to pull out of the country.

Pressure from thousands via social media platforms targeting companies as McDonalds who had been quiet about their plans for Russia.

uMcDonald’s, PepsiCo and other companies were called out by New York State Comptroller Thomas DiNapoli. Before McDonald’s and PepsiCo made their announcements, DiNapoli emailed a number of companies represented in the New York State Common Retirement Fund, including those two companies, urging them to stop doing business with Russia.

According to an investor document, there were 847 locations of McDonald’s in Russia at the close of last year. McDonald’s expects that its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there.  Coca-Cola also said Tuesday that it is “suspending its business in Russia.”

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