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Dynamite News
National
DN Bureau

McDonald's, Starbucks, PepsiCo, Coca-Cola suspend business in Russia

United States Russia McDonald PepsiCo Starbucks Coca-Cola Ukraine
File photo

New York [US]: US beverage giants PepsiCo and Coca-Cola, along with fast food major McDonald's and coffeehouse chain Starbucks all announced on Tuesday that they were temporarily suspending their business in Russia in response to the country's invasion of Ukraine.

"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," CEO Ramon Laguarta wrote in a letter to PepsiCo associates.

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