Iconic brands, PepsiCo, Coca-Cola, McDonald’s, and Starbucks have announced they are suspending business in Russia after that country’s invasion of Ukraine. The decision comes after Pepsi, Coke, McDonald’s and Starbucks drew criticism for continuing to operate in Russia while other U.S. companies announced suspensions and paused sales. Yale Professor Jeffrey Sonnenfeld had compiled and made public a list of U.S. companies that have withdrawn from Russia following President Vladimir Putin’s invasion and those that hadn’t. On Tuesday afternoon, Coke said in a brief statement: “Our hearts are …
Tag: invasion
The UK has announced sanctions on two more Russian oligarchs, Alisher Usmanov and Igor Shuvalov following Russia’s invasion of Ukraine. Usmanov, an Uzbekistan-born metals and telecoms tycoon who Britain said was worth $18.4 billion – is best known in Britain for his investment in and former sponsorship of Premier League soccer clubs Arsenal and Everton. Shuvalov is a former aide to Putin who now chairs Russian bank VEB, itself under Western sanctions. As deputy prime minister he led Russia’s …
The Ukrainian Premier League has been paused for a minimum of 30 days after Russia’s president Vladimir Putin launched a full-scale invasion of Ukraine. The league was meant to restart on Friday following its winter break but the league confirmed via their official website that the start has been delayed after the introduction of martial law overnight by Ukraine president Volodymyr Zelenskyy. There will now be doubts whether Ukraine’s World Cup play-off match against Scotland in Glasgow will take place as planned on March …