Wednesday, March 9

McDonald's, Starbucks, Coke to exit Russia

McDonald's, Starbucks, and Coca-Cola are the latest companies to leave Russia.

Public pressure appears to work sometimes, as several of the world's largest corporations have declared plans to discontinue operations in Russia after being pressured to do so.

McDonald's stated yesterday that it would close all of its roughly 800 stores in Russia, citing Russia's invasion of Ukraine as a reason.

"Every day, we serve millions of Russian consumers who rely on McDonald's," stated Chris Kempczinski, CEO of McDonald's. "At the same time, our morals dictate that we cannot turn a blind eye to the needless human suffering in Ukraine."

Coca-Cola and Starbucks followed suit, declaring plans to halt operations in Russia for the time being.

Since the invasion, dozens of other corporations have left Russia, including Ford, Nike, and dozens of others.

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