McDonald's and Starbucks shut down businesses in Russia

14th day of the Russian invasion of Ukraine: Reuters

US multinational fast-food company McDonald's and coffee house chain Starbucks Corporation have announced that they will close business in Russia. Earlier, soft drink makers, Coca-Cola and PepsiCo announced a halt to business in Russia on Tuesday. News from the BBC


One of the world's largest companies is announcing a one-off business in Russia due to the outbreak of war in Ukraine. Every day for two weeks, new names are being added to the list. McDonald's and Starbucks are the latest to take a stand against Russia.


McDonald's says it is temporarily closing about 850 restaurants in Russia. In Russia, however, they will continue to pay about 62,000 workers, according to McDonald's. Starbucks, meanwhile, has announced the closure of 100 of its coffee shops. In a statement, they said they would suspend all business activities in Russia, including shipments of goods. However, Starbucks will continue to pay about two thousand employees.


In a statement, McDonald's said it had taken the step in response to "unnecessary human suffering" caused by Russia in Ukraine. McDonald's claims that there also supply chain problems in Russia. All in all, it is "impossible to predict" when the business will resume in Russia, the company said.


McDonald's chief executive chris kempczinski said that” the conflict in Ukraine and the humanitarian crisis in Europe had caused untold suffering for innocent people. The move comes as a response to Russia's actions. Through this, we have joined the rest of the world in condemning aggression and violence and for peace.”


McDonald's, Coca-Cola, and other companies were also under pressure from customers across the country. Users have been calling for a boycott of the brand on Twitter since last week due to the ongoing business in Russia. That's why this issue has worked behind their latest move.


McDonald's has been doing business in Russia since 1990. Russia closed some McDonald's restaurants in 2014 as part of an investigation into food quality amid tensions over Russia's occupation of Crimea. Now, after the Russian invasion of Ukraine, McDonald's announced the closure of its business.


Earlier, Apple, Zara, H&M, Ikea, Samsung, Barberry, Buhu, Rolls-Royce, Aston Martin Lagonda, Jaguar Land Rover, General Motors, Netflix, and several other large companies announced the closure of business in Russia.


Category and Tags
More stories by
20 Reasons to Consider Cautiously Before Investing in Japan

While there are many investment opportunities in Japan, it's vital to weigh the risks and potential downsides. Here are 20 factors that may make some investors hesitant to make an investment in Japan and from my 7 years of experience living in Japan

First Time in the UK, a Special Sculpture Honors Hijab-Wearing Women

In Birmingham, England, the first sculpture honoring women who cover their heads will be unveiled. A piece of art by Luke Perry with the working title "The Strength of the Hijab" stands five meters (16 feet) tall and weighs roughly a ton.The designer

Muhammad Yunus: A Compelling Contender for the 2023 Bangladesh Presidential Election

Bangladesh is in need of a president who can manage complicated issues while promoting a sustainable economy and social advancement as the country gears up for its presidential election in 2023. In this situation, Muhammad Yunus' candidacy stands out

Pathao receives authorization to offer payment services

The subsidiary is permitted by the license to provide payment services in Bangladesh under the trade name "Pathao Pay."The announcement that Pathao Pay would be granted a PSP license...

Apple will begin disbursing $500 million in the iPhone Slowdown Lawsuit.

The reimbursement for iPhone users who filed a class action lawsuit against Apple, claiming the company purposefully slowed down its older models to encourage customers to switch to the newest model, will now be made. As SiliconValley.com revealed la

Follow Business Habit on Facebook, Twitter