MOSCOW, RUSSIA - OCTOBER 28: People wait outside of an McDonald's store as the partial COVID-19 restrictions imposed as the daily caseload surpassed 40,000 for the first time since the start of the pandemic and the death toll hit yet another grim all-time high, in Moscow, Russia on October 29, 2021. (Photo by Pelagiya Tihonova/Anadolu Agency via Getty Images)
Consumer giants including McDonald’s, Coca-Cola and Starbucks have joined the list of firms halting business in Russia due to the invasion of Ukraine.
McDonald’s said it was temporarily closing its roughly 850 restaurants in Russia, while Starbucks also said its 100 coffee shops would shut.
On Wednesday, Heineken stopped beer production and sales in Russia.
And Mothercare said all business in Russia, which represents 20% to 25% of its global sales, had been stopped.
Elsewhere, tobacco company Imperial Brands – the group behind brands including JPS and Davidoff cigarettes – said it was pausing production at its factory in Volgograd in a move impacting about 1,000 employees.
It has already suspended its operations in Ukraine over staff safety concerns.
Russia and Ukraine together accounted for 2% of Imperial’s net revenues last year – about £656m.
Meanwhile, British American Tobacco has halted investment in Russia, but said its business in the country continues to operate.
The moves by McDonald’s, Coca-Cola and Starbucks come after mounting pressure on companies to act over the war in Ukraine. All three firms said they would continue to pay their staff.
READ FULL ARTICLE: https://www.bbc.com/news/business-60665877
”I DON’T THINK RUSSIA CARE IN FACT, THEY ARE NOW THE HEALTHIEST COUNTRY LOL. COMMENT DOWN BELOW LEMMIE KNOW WHAT YOU THINK
About Author
