McDonald's, Starbucks, Coke, Pepsi Join Exodus Out Of Russia

Some of the most ubiquitous global brands and symbols of U.S. corporate might are temporarily suspending business in Russia.

McDonald's, Starbucks, Coca-Cola, PepsiCo and General Electric — ubiquitous global brands and symbols of U.S. corporate might  — all announced Tuesday they were temporarily suspending their business in Russia in response to the country's invasion of Ukraine.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald's President and CEO Chris Kempczinski said in an open letter to employees.

The Chicago-based burger giant said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.”