The Coca-Cola Co. and PepsiCo on Tuesday said they will suspend their business in Russia, joining other leading U.S. brands in boycotting the country amid its invasion of Ukraine.

“Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine,” Coca-Cola said in a statement Tuesday afternoon. “We will continue to monitor and assess the situation as circumstances evolve.”

Coca-Cola, which operates several bottling plants in Russia, did not provide further details about the move.

PepsiCo said that it will suspend its soft drink sales and capital investments in Russia. The company said that it will support its 20,000 Russian workers and continue to sell other products such as milk and baby food for humanitarian reasons.

The soft drink giants made their announcements shortly after McDonald’s and Starbucks said that they would suspend their operations in Russia.


American firms are under immense public pressure to cut ties with Russia, and severe Western sanctions also complicate their ability to do business in the country. Multinational corporations, including retailers, tech companies, banks and accounting firms, are fleeing Russia as much of the international community condemns Russian President Vladimir Putin’s violent attacks on Ukraine.


“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,” Starbucks CEO Kevin Johnson wrote in a letter to stores Tuesday, adding that the company will provide support for its 2,000 Russian employees.

McDonald’s said Tuesday that it will temporarily close its 850 restaurants in Russia in light of the humanitarian crisis, noting that it will continue to pay its 62,000 Russian employees.

https://thehill.com/business-a-lobbying/business-a-lobbying/597395-coca-cola-and-pepsico-suspend-operations-in-russia

Mynd44 Lalasticlala Seun

At this rate they want to break up Russia into smaller countries because very soon this is sure to cause a civil war within Russia...

Already alot of the generals are not happy with their colleagues being killed and Putin starting this unecesary war..

No wonder Putin has move dinto his bunker ... I would have done the same thing because you don't know which of your generals will just shoot you in the head one day

Russia should intensify their effort and destroy Ukraine on time

Russians will start naming their kids "UNEMPLOYMENT" anytime soon

CoronaVirusPro:
Russians will start naming their kids "UNEMPLOYMENT" anytime soon

Goodnight Mother Russia


Lalasticlala

Let Truth Be Told, Why does NATO choose to come close to His Borders?

You won’t blame him. He’s just trying to protect his territory since they’ve turned deaf ears to him.

The thing now is , anything can happen next.

Putin the KGB intelligence boys scout

callme9mm:
Let Truth Be Told, Why does NATO choose to come close to His Borders?

You won’t blame him. He’s just trying to protect his territory since they’ve turned deaf ears to him.

The thing now is , anything can happen next.

Guy leave matter

Warsaw Pact fell apart cos they couldn't keep up with the economic implications

Putin should stop ranting that NATO is getting close to him because their interference moved their former allies and neighbors to join NATO

Russia should just accept that they are just one of the countries with highest nuclear war head but not a world power

Do you know what happened to them will not affect China this much if it were them

cancer poison

I heard that the unofficial US embassy (McDonald's) is also leaving russia

"Coca-Cola and Pepsi suspend operations in Russia" very funny, the same beverage that almost went extinct after the Ronaldo incident.

Nobody should be taking those slow poisons, they are some of the major causes of alot of the sicknesses in middle and old age. Every country should have banned or restricted these companies long ago.

Keep the sanctions coming.

Russians will become healthier, all the American junk food sellers are packing and leaving

Good riddance

They have bottling companies and production plants in Russia ryt?

Let me see how Russians will not take over the management of those plants and promulgate a law allowing it produce Cocacola and Pepsi under Russia bottling company management.

You want to create unnecessary unemployment but you think you're the only ones that have the ryt to run mad
Let everyone run mad, it's a mad season

Any company that leaves Russia, their assets will be seize and the foreigners will be expatriated back to whatever shithole they crawled out from and their assets will be transfered to a Russian management and their operation will continue like nothing happened.......

After there's no international law stopping this from happening and even if there is, all convention has been broken in this economic war

Every single company that have a operational base or assets in Russia and decides to join the economic santion bandwagon like the McDonald's 850 store that closed......good for them, what I'd Mcdonald, ,a restaurant business?? All its production materials are sourced locally, they should be ready to forget about all the 850 stores, equipment, machineries, they should be ready to have all their asset managed by new companies and the local workforce will not be out of jobs........

Why should Russia allow them cause massive unemployment when it could simply manage this companies, and if it likes, under the same name, like Mcdonald

Russia about to pass a law that will pass any company that leave Russia to anyone that can take over it.
Some companies already said they will sue Russia government but they forget that since they are the one who left then Russia have every right to take over.

Svlla:
Every single company that have a operational base or assets in Russia and decides to join the economic santion bandwagon like the McDonald's 850 store that closed......good for them, what I'd Mcdonald, ,a restaurant business?? All its production materials are sourced locally, they should be ready to forget about all the 850 stores, equipment, machineries, they should be ready to have all their asset managed by new companies and the local workforce will not be out of jobs........

Why should Russia allow them cause massive unemployment when it could simply manage this companies, and if it likes, under the same name, like Mcdonald

They are almost to change McDonald name

Even if they don't change it......conventions have been disregarded so why not disregard it all

seunny4lif:

They are almost to change McDonald name

Svlla:
Even if they don't change it......conventions have been disregarded so why not disregard it all

That’s the reason, I said if Iran can still be standing without Swift then Russia can survive as almost all Russia foods are home made.
Russia agriculture went from net importer pre 2014 to net exporter by 2021
Russia controlled her own oil and gas unlike Nigeria.

Russia has been preparing for this though, Sanction proving their economy. What I don't support is trying to create massive unemployment by closing stores and offices in Russia because they (western companies) want to look good for Washington. If any close their stores Russia will take over the management and keep the store open.....Mcdonald is not rocket science and even if it is Russia is leading in rocketry

seunny4lif:

That’s the reason, I said if Iran can still be standing without Swift then Russia can survive as almost all Russia foods are home made.
Russia agriculture went from net importer pre 2014 to net exporter by 2021
Russia controlled her own oil and gas unlike Nigeria.

Svlla:
Russia has been preparing for this though, Sanction proving their economy. What I don't support is trying to create massive unemployment by closing stores and offices in Russia because they (western companies) want to look good for Washington. If any close their stores Russia will take over the management and keep the store open.....Mcdonald is not rocket science and even if it is Russia is leading in rocketry

They are trying to destroy Russia economy but they forgot that the Russians have always been used to adjust to reality on ground from the Russia empire to USSR to Russia independent.
Russia have seen war too many times