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.

Andrew Marr: I'm boycotting Starbucks until they leave Russia

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

King Charles III And Queen Camilla on Coronation Day

King Charles' coronation cost taxpayer £72 million, report reveals

Pep Guardiola, Manager of Manchester City

Pep Guardiola signs two-year contract extension with Manchester City

Captain Tom's Daughter Hannah Ingram-Moore

Behaviour at Captain Tom charity left ex-boss 'gobsmacked'

Armed robbers attempted to break into the star's Sunderland home.

Masked machete-wielding robbers break into Charlotte Crosby's home while she is upstairs with two-year-old daughter

Police have released new CCTV of Harshita Brella and her husband

Chilling CCTV released of Harshita Brella and prime murder suspect husband on night she was killed

First photos of Gavin and Stacey Christmas Special as James Corden and Ruth Jones mark triumphant finale

First photos of Gavin and Stacey Christmas Special as James Corden and Ruth Jones mark show's triumphant finale

King Charles performs a Hongi, a traditional Maori greeting, with Mere Takoko

King Charles shares traditional Maori nose rub greeting with activist as he launches environmental charity

Putin issued a chilling threat to the West as he confirmed Russia launched a ballistic missile against Ukraine

Putin issues chilling warning to UK and US as he confirms Russia hit Ukraine with new 'experimental' ballistic missile

Telegraph writer Allison Pearson.

Police drop investigation into journalist Allison Pearson over tweet - as review to be launched over handling of case

Exclusive
Angela Rayner has paid tribute to John Prescott

Angela Rayner says John Prescott 'used to call her after PMQs to remind her to stay true to who she is'

Four men have been arrested accused of attempting to rob a mobile phone store

Undercover police arrest four men after EE shop raided by masked gang

Matt Gaetz withdraws as Donald Trump's nominee for attorney general amid sexual misconduct allegations

Matt Gaetz withdraws as Donald Trump's nominee for attorney general amid sexual misconduct allegations

Donald Trump Watches SpaceX Launch Its Sixth Test Flight Of Starship Spacecraft

Elon Musk pledges to fire civil servants who work from home

Seven-month-old baby mauled to death by family dog after leaning on animal while crawling, inquest hears

Seven-month-old baby mauled to death by family dog sustained 'catastrophic' injuries after leaning on pet, inquest hears

Starmer has backed the International Criminal Court over its arrest warrant for Netanyahu

Starmer backs International Criminal Court after it issues arrest warrant for Benjamin Netanyahu

Five men charged over smuggling of migrants from UK to France in lorries

Five men charged over smuggling of migrants from UK to France in lorries following dawn raids