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Coca-Cola follows McDonald’s. Suspends operations in Russia

“Our hearts are with the people who endure the unforgivable consequences of these tragic events in Ukraine,” reads a brief statement released on Tuesday. “We will continue to monitor and assess the situation.”

Earlier on Tuesday, McDonald’s reportedthat it will “temporarily close” its Russian restaurants. Interestingly, the American media reports that the network does not intend to lay off its Russian employees and will continue to pay their salaries.

Like McDonald’s, Coca-Cola has been under pressure to withdraw from Russia in recent days. The Russian market is one in the world where rival PepsiCo has a greater share, writes CNBC. So far, PepsiCo has not decided to suspend operations, but considering options for his businessincluding write-off of value.

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