Major companies have been pulling their business away in Russia left and right in direct response to the country’s invasion of Ukraine. Today, Coca-Cola, Starbucks, and McDonald’s have suspended operations in Russia. The three corporations all announced the news within hours of each other. According to Yahoo News, the coffee retailer made a statement through their website stating that they, along with their licensed partner, have agreed to immediately pause operations at all 130 of its stores in Russia.
In a statement, Starbucks Chief Executive Kevin Johnson said the company condemns “the horrific attacks on Ukraine by Russia and our hearts go out to all those affected.” The statement read, “We continue to watch the tragic events unfold and, today, we have decided to suspend all business activity in Russia, including shipment of all Starbucks products.”
In addition, last week, the company shared they plan to donate sale royalties from Russia to support relief efforts in Ukraine. McDonald’s has followed suit with the temporary closure of 850 restaurants in different Russian communities. McDonald’s CEO Chris Kempczinski said, “The conflict in Ukraine and the humanitarian crisis in Europe has caused unspeakable suffering to innocent people.”
Chris continued, “We understand the impact this will have on our Russian colleagues and partners, which is why we are prepared to support all three legs of the stool in Ukraine and Russia. This includes salary continuation for all McDonald’s employees in Russia.” Coca-Cola also released a statement showing compassion to the people of Ukraine, saying, “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine.”
Over the weekend, credit card companies Visa and Mastercard suspended their operations in Russia.
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