Citigroup said Wednesday that selling its 11 Russian bank branches will be difficult because the country’s economy has been cut off from the global financial system. Until then, Citi said it is “operating the business on a more limited basis” and is helping its U.S. and other corporate clients suspend their businesses in Russia.
That helps explain why Restaurant Brands International, owner of Burger King, is keeping its 800 restaurants open in Russia. And why Yum Brands, parent company of KFC and Pizza Hut, announced the closure of 70 company-owned KFCs across Russia, but not the nearly 1,000 franchisee-owned KFCs, or its 50 Pizza Hut locations.
McDonald’s action in Russia was easier: it owns most of the 850 restaurants in Russia it will temporarily close. PepsiCo said it will stop selling soda, but that it will continue to supply milk, baby formula and baby food in Russia. And Unilever said it will keep selling “everyday essential” Russian-made food and hygiene products to Russians, but that it will stop exporting and advertising these products.
Boycott Burger King. Pepsi is protecting children's health (not providing and soda products).
Let’s not sit by and let two world wars have been in vein, where will you have been when they talk of what was once Ukraine. 🇺🇦🇬🇧🇪🇺
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