The list of brands boycotting the Russian market keeps growing.
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"We condemn the horrific attacks on Ukraine by Russia and our hearts go out to all those affected," said CEO Kevin Johnson in a statement., which has reached an agreement with the chain to continue supporting the nearly 2,000 employees that will be out of a job.Yum! Brands, the parent company of KFC, Taco Bell, and Pizza Hut, announced on March 8 that it will be suspending all investment and new development in Russia.
After backlash mounted for large companies to cease operations in Russia, Coca-Cola announced on March 8 that it too was"suspending its business" in the invading country. In a very brief company plants have been built all over the country in St. Petersburg, Moscow, Krasnoyarsk, and more.Coca-Cola's rival, Pepsi, similarly denounced the violence caused by Russia on March 8 and announced it was suspending the production and sale of its brands in the country.
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