Starbucks, PepsiCo, Coca-Cola suspend business in Russia

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.

However, PepsiCo added that it will continue to offer its daily essentials such as milk and other dairy offerings, baby formula and baby food in the Russian markets. The Coca-Cola Company announced in a press release that it was suspending its business in Russia. Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine, it said. Both the US brands produce popular carbonated drinks. PepsiCo produces Pepsi-Cola, 7Up and Mirinda, while the Coca-Cola company produces Coca-Cola, Sprite and Fanta.

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