McDonald's, Coca-Cola Still See Risks to Operating in Russia
McDonald's Corp. and Coca-Cola Co. said they continue to see risks to operating in Russia, a signal that major US firms remain cautious about business investments in the country.
The companies outlined their positions in letters to the Ukrainian advocacy group B4UKraine Coalition that were seen by Bloomberg News. In its letter, McDonald's said the company is sticking to the framework of five questions it used to decide to exit Russia in 2022 after the country's invasion of Ukraine.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
ICE Raids Have Sent Latino Shoppers Into Hiding and Big Brands Are Hurting
Coca-Cola and other companies have seen a drop in sales due in part to a pullback by Hispanic consumers.
Yahoo
2 hours ago
- Yahoo
Zelenskiy says Russia seeks to disrupt Ukraine, Moldova, southeastern Europe
ODESA, Ukraine (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Wednesday Russia was determined to sow chaos in and destroy the south of his country as well as nearby Moldova and Romania, and called for increased pressure on Moscow to prevent further military threats. Zelenskiy, addressing a conference of southeast European leaders in the Black Sea port of Odesa, said collective efforts were needed to keep Moscow from causing further disruption. "The security of Southeastern Europe and the Black Sea is indivisible ... Today, we are forced to fight not only for our country, but also for this reality to become the cornerstone of a new regional policy," Zelenskiy said on Telegram. "We are here in Odesa, a city that Russia wants to destroy, as it has destroyed countless other cities. Russian military plans are aimed at this region, and then at the borders with Moldova and Romania. We need protection now. But even more, we need long-term guarantees that this will never happen again." Odesa, site of three ports, has been a frequent target of Russian air strikes in three years of war. The city came under a massive drone attack on Monday that targeted an emergency medical building, a maternity ward and residential buildings. Much attention has focused on a possible Russian threat to Moldova, where pro-European President Maia Sandu has accused Moscow of trying to destabilise her country and unseat her. Her Party of Action and Solidarity, which holds a majority in parliament, faces a general election in September, the outcome of which could affect the president's ability to press on with a campaign to join the European Union in 2030. Ukraine has also started talks on EU membership. "For three decades, Russia has tried to keep Moldova poor and unstable in order to take full control of it," Zelenskiy said. "If Europe loses in Moldova this year, it will embolden Russia to meddle even more in your countries' affairs, taking away your resources, your sovereignty, even your history." Sandu told the conference that Moldova "knows just what hybrid war is and is prepared to share its experience". "Moldova is facing one of its most important elections. Russia wants to see Moldova turn away from Ukraine. More to the point, it wants to use Moldova against Ukraine and the EU." (Additional reporting by Alexander Tanas in Chisinau; Writing by Ron Popeski; Editing by Sandra Maler)
New York Post
3 hours ago
- New York Post
Russia fired North Korean ballistic missiles at Ukraine in latest barrage, Zelensky says
Russia has been firing North Korean ballistic missiles against Kyiv in the deadly overnight barrages, the latest of which killed three people in Ukraine's second-largest city, officials said. The attack on Wednesday morning saw the Kremlin fire 85 drones and one missile across 14 locations over the border, with Kyiv identifying the rocket's origin as North Korean, similar to the ones fired during Monday's record-breaking airstrike. 'The Russians have once again used ballistic missiles from North Korea,' Ukrainian President Zelensky said of the attacks. Advertisement 4 A residential building in Kharkiv was hit by a Russian drone strike overnight. AP 4 A Ukrainian firefighter walks past a car destroyed by the Kremlin's attack on Wednesday. AFP via Getty Images 'We are also tracking evidence that Russian-Iranian drone technologies have spread to North Korea. This is extremely dangerous both for Europe and for East and Southeast Asia,' he added. Zelensky said that the longer the Russian invasion lasts, the more the Kremlin's war machine will evolve and prove to be a 'threat' to the West. Advertisement 'This must be addressed now — not when thousands of upgraded Shahed drones and ballistic missiles begin to threaten Seoul and Tokyo,' Zelensky warned North Korea's usual targets. The warning highlighted the growing military alliance between Russian President Vladimir Putin and North Korean leader Kim Jong Un, with UN officials finding that Pyongyang delivered as many as nine million rounds of artillery and rocket launcher ammunition to the Kremlin so far this year. 4 Officials said the overnight attack rocked Kharkiv with nine consecutive minutes of nonstop bombings. AP Advertisement 4 Ukraine warned that the military alliance between Kim Jong Un and Vladimir Putin is growing and could threaten Europe and Asia. AP Russia's plethora of drones and missiles have been used to relentlessly attack Ukraine, with more than 1,500 drones and missiles fired over the past week, the most intense airstrike campaign of the three-year war. Moscow's latest attack, significantly smaller than the ones of previous nights, was aimed at Kharkiv, Ukraine's second-largest city. Kharkiv Mayor Ihor Terekhov said the attack killed at least three people in the northeast city, with another 56 injured in the assault, which allegedly included Iranian-designed Shahed drones. Advertisement The attack also saw more than 103 residential buildings damaged in what officials said was nine minutes of non-stop bombings, with Terekhov describing the destruction as 'enormous.' Moscow had vowed to retaliate hard against Kyiv over the humiliating attack earlier this month that saw Ukrainian drones damage and destroy dozens of Russia's heavy bombers in 'Operation Spider Web.' With Post wires
