Skip to content

McDonald’s, Coca-Cola Hit Pause on Russia Amid Rising Backlash

  • Bigger, entrenched companies now stepping back after invasion
  • PepsiCo, a maker of dairy products, faces difficult balance
Video player cover image
WATCH: McDonald’s Corp., Coca-Cola Co. and Starbucks Corp. are temporarily halting business operations in Russia amid an intensifying backlash since the invasion of Ukraine started nearly two weeks ago. Source: Bloomberg
Updated on

McDonald’s Corp., Coca-Cola Co. and Starbucks Corp. are temporarily halting business operations in Russia amid an intensifying backlash since the invasion of Ukraine started nearly two weeks ago. 

The iconic U.S. brands, seen around the world as the face of U.S. capitalism, announced their decisions in a flurry of announcements on Tuesday afternoon, joining hundreds of other global companies that have halted work in Russia since the war began. PepsiCo Inc. said it would suspend soft drink sales in Russia but would continue to sell daily essentials such as milk and baby formula.