Coca-Cola, Pepsi, McDonald's and Starbucks all suspend business in Russia

8 March 2022, 17:56 | Updated: 9 March 2022, 10:49

Coca-Cola and Starbucks have joined McDonald's in exiting Russia.
Coca-Cola and Starbucks have joined McDonald's in exiting Russia. Picture: Alamy

By Patrick Grafton-Green

Coca-Cola, PepsiCo, McDonald's and Starbucks have all suspended business in Russia in response to Vladimir Putin's invasion of Ukraine.

Listen to this article

Loading audio...

In a statement on Tuesday evening, PepsiCo CEO Ramon Laguarta said: "Given the horrific events occurring in Ukraine we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda.

"We will also be suspending capital investments and all advertising and promotional activities in Russia."

He added: "We have a responsibility to continue to offer our other products in Russia, including daily essentials such as milk and other dairy offerings, baby formula and baby food."

Meanwhile, Coca-Cola also made the decision to temporarily halt business in Russia.

"Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine," Coca-Cola said.

"We will continue to monitor and assess the situation as circumstances evolve."

READ MORE: UK and US ban Russian oil in a worldwide move to punish Putin for Ukraine war

READ MORE: Defiant Zelenskyy urges MPs to recognise Russia as a 'terrorist state' in historic address

It comes after Starbucks announced it was "suspending all business activity in Russia, including shipment of its products and cafes run by a licensee".

Starbucks CEO Kevin Johnson confirmed the news, saying the 130 Starbucks shops in Russia, operated by a partner through a licensing agreement, will close indefinitely.

The coffee chain's 2,000 employees in Russia will still be paid, he said.

McDonald's earlier said it was temporarily closing all of its 850 restaurants in Russia.

President and CEO Chris Kempckinski said closing the stores is the right thing to do because McDonald's cannot ignore the "needless human suffering in Ukraine".

The burger giant said it will continue paying its 62,000 employees in Russia.

McDonald's owns 84% of its Russian restaurants, while Russia and Ukraine contributed 9% of the company's revenue last year.

There had been calls for a boycott of the companies as they continued to operate in Russia despite the conflict.

Burger King and KFC face similar criticism for continuing to operate.

A number of other companies have ceased operations in Russia as a result of Mr Putin's actions.

Apple, Microsoft and a number of car manufacturers such as Ford and General Motors are just some of the corporations that have ceased trading.

Other companies, such as TikTok and Netflix, have been forced to restrict their operations there due to a law change banning negative coverage of the war.

It has been 13 days since Russia invaded Ukraine.

In that time Russian troops have seized several key parts of the country - including the Chernobyl power plant - but have so far failed to gain control of the capital Kyiv.

More Latest News

See more More Latest News

Brits are scrambling to update their Apple devices after a major security flaw was found

Millions told to update Apple tech 'right now' after major security issue leaves devices vulnerable to hackers


NHS warns surging energy bills could cause 'humanitarian crisis' this winter

There are warnings the cost of a pint could reach as high as £14 in London in years to come

Price of pint in London could reach £14 and takeaway coffee nearly a fiver in coming years, research suggests

Melvin Terry waited for 27 hours in A&E before being sent home

Hospital apologises after grandfather, 76, spent 27 hours waiting for A&E bed before being sent home

The girl was allegedly abducted from Warne Avenue, Droylsden

Man, 23, arrested on suspicion of abduction and sexual assault of girl, 6, in Droylsden

Grant Shapps told Nick Ferrari there were "no plans" to introduce registration plates for cyclists

'No plans' to introduce registration plates for cyclists, says Grant Shapps

Jack Fenton was killed after being struck by a helicopter's tail rotor

Parents demand answers from Greek authorities after son, 22, killed by helicopter blade

Lady Louise

Lady Louise Windsor working for minimum wage at garden centre before university

Gerard Butler posted this picture of him and his pal Darius on Instagram

Gerard Butler pays tribute to 'dear friend' Darius Danesh and posts moving Instagram photo

A 44-year-old man has been charged with the murder of 87-year-old Thomas O'Halloran

Man charged with murder after Thomas O'Halloran, 87, stabbed to death on mobility scooter in Greenford

iPhones and iPads are among the affected devices

Apple reveals serious security issue with iPhones, iPads and Macs that could give hackers complete control

Another day of travel chaos awaits commuters in and to London

Unions threaten to strike for 'as long as it takes' as millions face more travel chaos in London

The officer has been charged with dangerous driving

Armed officer charged with dangerous driving after he drove unmarked car to Streatham terror attack

Ryan Giggs' raunchy poems to his ex were read out in court

Ryan Giggs' mother sits in court as raunchy 'totem pole' poems he sent to ex are read out

Ms Marin said she is a normal 36-year-old who spends time with her friends

Finnish PM denies drug taking after footage of 36-year-old dancing at 'wild' party emerges

A-Level teens should take on apprenticeships, says Charlie Mullins

A-Level teens should take on apprenticeships, says Charlie Mullins