McDonald’s and PepsiCo still open for business in Russia – By Kate Gibson (CBS News) / March 7, 2022
Russia’s invasion of Ukraine isn’t stopping McDonald’s from selling Big Macs in Moscow. While a slew of companies have shut down operations in Russia, the world’s largest fast-food chain has so far continued with business as usual in the country despite the escalating conflict.
McDonald’s is being urged to pull the plug on its 847 restaurants in Russia by a major investor: New York state’s pension fund, with an estimated $280 billion in assets under management as of the end of 2021.
“Pausing or ending McDonald’s business operations in Russia would address various investment risks associated with the Russian market and play an important role in condemning Russia’s role in fundamentally undermining the international order that is vital to a strong and healthy global economy,” state comptroller Thomas DiNapoli stated Friday in a letter to McDonald’s CEO Christoper Kempczinski.
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