McDonald’s, PepsiCo, Coca-Cola, and Starbucks temporarily shut businesses in Russia
McDonald’s, which has had a presence in Russia for more than 30 years, said it was “impossible to predict” when it would reopen. The company temporarily close its 850 restaurants and pause operations in Russia. However, it will continue to pay its 62,000 Russian employees. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” chief executive Chris Kempczinski said in a memo to staff that was shared publicly.
Yum! Brands are suspending operations of KFC company-owned restaurants in Russia and finalizing an agreement to suspend all Pizza Hut restaurant operations in Russia. The company decided to suspend all investment and restaurant development in Russia and redirect all profits from operations in Russia to humanitarian efforts.
PepsiCo, Coca-Cola, McDonald’s, and Starbucks have said they will temporarily stop selling their products and close all of their outlets in Russia in response to the country’s invasion of Ukraine.