Coca-Cola, Pepsi and Starbucks join McDonald's in halting business in Russia after public pressure

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The company’s CEO said it “cannot ignore the needless human suffering unfolding in Ukraine”.

McDonald's, Coca-Cola, and Starbucks signs in Moscow, Russia. Image: Photojoiner/Alamy McDonald's, Coca-Cola, and Starbucks signs in Moscow, Russia. Image: Photojoiner/Alamy Updated 34 minutes ago

Companies from Apple to Visa have already announced curtailed or suspended operations in Russia since the attack began last month. In a letter to employees, the company’s CEO Chris Kempczinski said: “In the thirty-plus years that McDonald’s has operated in Russia, we’ve become an essential part of the 850 communities in which we operate.”

Starbucks had previously said that its 130 coffee shops in Russia are owned by a Kuwaiti conglomerate and Yum Brands said its approximately 1,000 KFC and 50 Pizza Hut restaurants are nearly all operated by independent owners.“We have decided to suspend all business activity in Russia, including shipment of all Starbucks products,” noted the firm.

But he said they have to pick a side “and it doesn’t strike me as this being very difficult to pick” given Russia’s human rights and conflict law violations. Richard Painter, a professor at the University of Minnesota, said the companies “should think about the message that needs to be emphasized: that Russia cannot do this to Ukraine… while at the same time participating in the international economy.”

 

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Wait till they start rationing petrol and the power grid shuts down. Anarchy is coming

Meanwhile in the West energy prices are breaking all records and the prices of everything will go through the roof . This war has to be stopped before Europe heading for a worse recession than 2008

Any word on SupermacsIRE ?

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