in response to the invasion of Ukraine.



More than 200 major companies have withdrawn from Russia so far in response to the country’s unprovoked war on Ukraine, further hobbling an economy already devastated by Western sanctions.

A rapidly changing list of the companies compiled by Jeffrey Sonnenfeld, a professor at the Yale School of Management, shows representation across a broad range of industries, from Apple to Exxon, McDonald’s to Maersk.

McDonald’s decision Tuesday to “temporarily” close its restaurants and pause operations in Russia is particularly symbolic. The burger chain was among the first Western brands to begin operating in the former Soviet Union in 1990 under Mikhail Gorbachev’s policy of perestroika.

At the end of last year, McDonald’s operated around 850 restaurants in the country, 84% of which were operated directly by the company as opposed to franchisees.

The company employs 62,000 people in Russia and serves millions of customers there each day. McDonald’s said Tuesday it would continue to pay the salaries of its Russian and Ukrainian employees.

Sonnenfeld’s list is more than just a tally of companies wary of Moscow, however: It also inventories the companies doing business in Russia that have so far chosen to remain.

Among them are big names like Coca-Cola, Kraft Heinz, and Pepsi, all of which are facing increasingly loud calls to take action.

While a humanitarian argument can be made for consumer brands like these choosing to remain in operation, Sonnenfeld isn’t convinced.

In an article comparing the current economic sanctions to those imposed on South Africa in the 1980s in an effort to dismantle apartheid, Sonnenfeld argued economic pain is kind of the point.

“Reagan’s argument [in 1986] was that sanctions would in fact hurt South African Black people and not solve the problems of Apartheid, while we lose positive influence,” he wrote. “Those are the same counterarguments echoed today about not hurting Russia’s population. The purpose of sanctions, however, is to impose pain without the violence of war.”

“Vladimir Putin, the most vicious autocrat of this century, rules through tyranny and fear. As he continues to fail, people will lose their fear and he will lose his power,” he added.


https://www.huffpost.com/entry/companies-pulled-out-of-russia_n_62277c4ce4b07e948aeb2853

The company employs 62,000 people in Russia and serves millions of customers there each day. McDonald’s said Tuesday it would continue to pay the salaries of its Russian and Ukrainian employees.

NGpatriot:



62,000 families just lost their jobs, they can no longer put food on the table.....

sad...

NGpatriot:



62,000 families just lost their jobs, they can no longer put food on the table.....

sad...

ObamaMessi:
They will continue be paid salary

NGpatriot:



Pay salary from your pocket abi?

Over 200 major global brands pulled out in less than a week, do you know how drastic, dire, and economically traumatic that is to any economy?

ObamaMessi:
Exactly.Not really all the companies but McDonalds.

NGpatriot:



I don't even understand what you are saying...

ObamaMessi:
What I mean is that only McDonald promised to keep paying their staff after suspending their services in Russia.

NGpatriot:


Temporary, it won't last long..

..besides, over 200 major global brands and investors pulling out at once means lost of massive IGR/Taxes.

Russia is in some serious trouble...

ObamaMessi:
Exactly.Russia is in deep mess and I believe Putin didn't see this coming.When the effect of those pulled out companies starts biting hard, Putin will realize his mistakes.

U.S turned to Venezuela and their relationship is getting better by day.U.S wanted to cripple Russia's economy.

NGpatriot:



Putin's old strategy of dividing and disuniting the West and Nato was working, but he got too corny and grossly drunk on his own flawed judgment and strong man gra gra and end up uniting not only the West but the rest of Europe and the world against him.

Russia is almost totally isolated and barred from global sports and cultural events, no more soccer, no more Olympics, nothing, they are totally isolated.

Russia is a weak and poor mono-economy, very undiversified economy, and apart from oil and gas, they depend on the outside world for most of their consumables, goods and goods, and services from the West.

Look around you, I'm 100% sure you won't see anything made or manufactured in Russia.

Real superpowers make big-ticket global brands, they make cars and luxury products, they make cars, private jets, major cell phone brands, they control the TECH space from Google to Apple, Spotify, FB, Netflix, also Finance, no global food brand, the list goes on and on, but nothing is made in Russia, no serious export FX earners.

Ordinary Mastercard and Visa dropped Russia, no more international payment system, but Russia the fake superpower and tens of millions of Russians inside Russia are all of a sudden in limbo, Russians outside Russia can no longer charge or pay for services so Putin ran to China to beg for access to use their payment system.

Just look at them, they are fighting small Ukraine but their coordination, communications, morale, troop cohesion, and logistics suck big time, almost 2 weeks and Ukraine is still standing and fighting, still making Putin and his soldiers look dumb, stupid and incompetent.

It's even sad that Russia lost 2 generals in less than a week.

Russia is a fake superpower and Putin is obviously very dumb, rretarded and overrated, the clown made it easy for the West to defeat him and clip his wings without direct confrontation or Nation to Nation battle.

NGpatriot:
Even Russians are running away from poutin...