McDonald’s Corp., Coca-Cola Co. and Starbucks Corp. are temporarily halting business operations in Russia amid an intensifying backlash since the invasion of Ukraine started nearly two weeks ago.
The iconic U.S. brands, seen around the world as the face of U.S. capitalism, announced their decisions in a flurry of announcements on Tuesday afternoon, joining hundreds of other global companies that have halted work in Russia since the war began. PepsiCo Inc. said it would suspend soft drink sales in Russia but would continue to sell daily essentials such as milk and baby formula.
After days of criticism on social media, companies with larger or more entrenched operations in Russia are starting to relent as the death toll rises in Ukraine and millions of refugees flee. The moves to step back from Russia will further isolate the nation of 144 million people, which is the world’s 11th-largest economy.
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