Posts Tagged ‘McDonald Stay in Russia dong bussiness’
McDonald’s, Pepsi-Co and Coca Cola Retain Their Presence in Russia Among the Food and Beverage Companies Urged by Political Figures to Abandon Russia and Exit, But the Bottom Line Is Critical!
HNewsWire- McDonald’s and PepsiCo and Coca Cola among others, are being pushed to withdraw from Russia. According to Reuters, New York state’s comptroller wrote to many corporations urging them to take action. John Mann, a British politician, made a similar request. McDonald’s and PepsiCo are among the food and beverage industries under increasing pressure to terminate connections with Russia in the aftermath of Russia’s invasion of Ukraine. According to Reuters, New York State Comptroller Thomas DiNapoli advised businesses to reconsider their Russian commercial activities in a letter Friday, citing “significant and escalating legal, compliance, operational, human rights and workforce, and reputational concerns.” Suspending or terminating operations in Russia, DiNapoli said, would “address different investment risks connected with the Russian market,” as well as play a critical part in “condemning Russia’s involvement in fundamentally weakening the international order.” McDonald’s and PepsiCo…Read More