Major companies have withdrawn their business to the left and right of Russia in direct response to the country’s invasion of Ukraine.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 has released a statement on its website that it and its licensed partner have agreed to immediately suspend operations at all of its 130 stores in Russia.
In a statement, Starbucks CEO Kevin Johnson said the company condemns “Russia’s horrific attacks on Ukraine and our hearts go out to all those affected.” The statement read: “We continue to monitor the tragic events unfolding and today we have decided to suspend all business in Russia, including the shipping of all products. of Starbucks”.
In addition, last week, the company shared that it plans to donate royalties from sales from Russia to support relief efforts in Ukraine. McDonald’s followed suit with the temporary closure of 850 restaurants in various Russian communities. McDonald’s CEO Chris Kempczinski said, “The conflict in Ukraine and the humanitarian crisis in Europe have caused indescribable suffering to innocent people.”
Chris continued, “We understand the impact this will have on our Russian colleagues and partners, which is why we are ready to support all three legs of the segment in Ukraine and Russia. This includes salary increases for all McDonald’s employees in Russia. Coca-Cola also released a statement expressing compassion for the people of Ukraine, saying, “Our hearts go out to those who are suffering the unscrupulous effects of these tragic events. This is in Ukraine.”
Over the weekend, credit card companies Visa and Mastercard suspended operations in Russia.
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