Which companies have suspended their activities in Russia?
On Tuesday March 8, Coca-Cola announced that it would suspend its activities in Russia.
A company spokesperson said: “Our hearts go out to those who are experiencing the unconscionable effects of these tragic events in Ukraine.
We will continue to monitor and assess the situation as circumstances evolve. »
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Soft drink and snack maker PepsiCo said it was suspending all advertising in Russia and halting sales of its beverage brands later Tuesday, March 8.
A company spokesperson said: “As many of you know, we have been operating in Russia for over 60 years and have a place in many Russian homes.
“Pepsi-Cola entered the market at the height of the Cold War and helped create common ground between the United States and the Soviet Union.
“However, given the horrific events 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 suspend capital investments and all advertising and promotional activities in Russia.”
Fast-food giant McDonald’s – which has a large footprint in Russia – has announced it will temporarily suspend operations at its 850 locations.
A company spokesperson said: “In the more than thirty years that McDonald’s has operated in Russia, we have become a vital part of the 850 communities in which we operate.
“At the same time, our values mean that we cannot ignore the unnecessary human suffering taking place in Ukraine.”
The Starbucks coffee chain is also suspending all commercial activity in Russia.
A company spokesperson said, “We continue to monitor the unfolding of the tragic events and today we have decided to suspend all business activity in Russia, including shipping of all Starbucks products.
“Our licensed partner has agreed to immediately suspend store operations and will provide support to the nearly 2,000 partners in Russia who depend on Starbucks for their livelihoods.”
Kentucky-based Yum! Brands suspended 70 KFC-owned restaurants in Russia and said it was finalizing an agreement to suspend all 50 Pizza Hut outlets in partnership with its master franchisee.
A company spokesperson said: “Like so many others around the world, we are shocked and saddened by the tragic events unfolding in Ukraine.
“Yum! Brands has suspended all investment and restaurant development in Russia while we continue to evaluate additional options.
“Yum! will also redirect all profits from operations in Russia to humanitarian efforts.”
Heineken announced on Wednesday March 9 that it had stopped the production and sale of its own brand of beer in Russia, after stopping all new investments and exports to the country.
Heineken CEO Dolf van den Brink said: “We are shocked and saddened to see the tragedy in Ukraine unfold.
“We stand with the people of Ukraine and our hearts go out to all those affected.
“The Russian government’s war against Ukraine is an unprovoked and completely unjustified attack.”
What have Sheffield businesses done to support Ukraine?
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This notice was published: 2022-03-10 14:34:47