Some Western companies decline to join corporate exodus from Russia over Ukraine invasion

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The corporate exodus from Russia continued Tuesday as McDonald's, Coca-Cola, Starbucks, and Pepsi announced that they are temporarily suspending business in Russia over Putin's invasion of Ukraine.

Caterpillar opened its first office in Russia in 1973 and now has a distribution center in Moscow and a manufacturing facility in Tosno, which is about 30 miles southeast of St. Petersburg.

Robert M. Lynch, CEO of Papa John's, said on a Feb. 24 earnings call that the restaurant franchise has 185 locations in Russia. "We are heartbroken over the devastation unfolding in Ukraine and the mounting tragedies resulting from military actions, loss of life and the dislocation of hundreds of thousands of people," Hyatt wrote in a statement on March 4. Mars, the iconic candy brand that owns snacks like Skittles, Snickers, Milky Way, and others, has over $2 billion invested in Russia, according to the Yale tally.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Boycott any company doing business with Russia. Pretty simple.

Come on CaterpillarInc , what you waiting for !?

$ICL Price of anhydrous ammonia, is up 300% , urea up 214%, liquid nitrogen up 250%. Potash up 213% $MOS $CF $NTR $IPI $SPY $VIX fertilizer stocks 4 days ago Russian Ministry Recommends Suspending Fertilizer Exports. SUPPLY GOING OFFLINE, PRICE SQUEEZE

The Coronavirus has killed millions. It's literally been a Pandemic. Then why do some people just 'condemn' the virus. Why is not SARSCoV2 a major priority for Investigatigation not InvestigateSARSCoV2? We must work to PreventTheNextPandemic WeDeserveTheTruth Investigate!

is one of those companies. 100% pro Putin. So obvious. When will you start supporting America.

South Africa South Africa Latest News, South Africa South Africa Headlines