McDonald’s and PepsiCo are among fast food companies urged by political figures to stop doing business in Russia
McDonald’s and PepsiCo, along with many other companies, are being urged to wind down their business in Russia.
The New York State Comptroller wrote to several companies calling for action, in Reuters.
British politician John Mann made similar requests.
McDonald’s and PepsiCo are among the brands facing calls from political figures to cut business ties with Russia, after its invasion of Ukraine.
In a letter Friday, New York State Comptroller Thomas Dinpoli urged companies to rethink their Russian business operations as they face “evolving legal, operational, rights, personnel and reputational risks.” Reuters reported.
He added that suspending or terminating business in Russia “would address various investment risks associated with the Russian market” and play a key role in “condemning Russia’s role in fundamentally undermining the international order.”
McDonald’s and PepsiCo did not immediately respond to Insider’s request for comment, outside of normal business hours.
Other companies, including Estee Lauder, Kimberly-Clark Corp, Coty Inc, Mondelez International Inc, Fortinet Inc, Bunge Ltd, Alnylam Pharmaceuticals Inc and Trimble Inc, were also asked in a letter to boycott business in Russia, according to Reuters.
where Russian President Vladimir Putin invaded Ukraine in an unprovoked attackDozens of companies have taken action by ending or limiting their business dealings with Russia.
Ikea, Spotify, and Nike have been among the big companies that have emerged recently severing business ties with Russia. Some retail brands including Publix and Kroger showed their solidarity with Ukraine by Russian vodka removed from store shelves.
British politician John Mann called for similar action in Naples. In a tweet, he He said: “If McDonald’s and Starbucks Continuing to sell in Russia then must incite an international boycott of their products.”
Social media users have also called for a business boycott, with McDonald’s being a particular target.
One user posted a picture of open McDonald’s stores in Russia He said: “Guess who is doing business as usual in #Russia is not a surprise to #BoycottMcDonalds.”
Read the original article on interested in trade