McDonald's, Starbucks, Coke, Pepsi Temporarily Suspend Business In Russia

All four companies have a major impact in Russia!

The prevailing war between Russia and Ukraine has created a heart-wrenching Scenario.  Many innocents lost their lives during this conflict.

Now, McDonald's, Starbucks, Coca-Cola, PepsiCo, and General Electric - ubiquitous global brands and symbols of US corporate might - all have announced they were temporarily suspending their business in Russia in response to the country's invasion of Ukraine.

According to the statement given by McDonald's president and CEO, Chris Kempczinski said, "Our values mean we cannot ignore the needless human suffering unfolding in Ukraine," said in an open letter to employees.

Further, CEO Kempczinski said it's impossible to know when the company will be able to reopen its stores. "The situation is extraordinarily challenging for a global brand like ours, and there are many considerations," Kempczinski wrote in the letter. McDonald's works with hundreds of Russian suppliers, for example, and serves millions of customers each day.

Last Friday, Starbucks announced its temporary suspension of the services in the country. As per the statement given by the Starbucks CEO and President, "Through this dynamic situation, we will continue to make decisions that are true to our mission and values and communicate with transparency," Johnson wrote.

"Now more than ever we must stay true to the humanitarian aspect of our business," PepsiCo CEO Ramon Laguarta said in an email to employees.

The Coca-Cola Company announced in a press release that it was "suspending its business in Russia,” "Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine," it said.

All four companies have a major impact in Russia.