McDonald’s and U.S. companies under pressure to quit business in Russia

U.S. Companies Quit business In Russia — Image Source: Financial Times

“Russia’s illegal invasion of Ukraine has resulted in unprecedented sanctions against Russian businesses and individuals,” wrote DiNapoli. He oversees the $280 billion state pension fund which also owns shares in the companies.

“Although American sanctions have already prohibited investments in many Russian businesses, I think it prudent to freeze all Russian company purchases due to the unpredictability of the situation and the possibility that the conditions will worsen.”

The other companies DiNapoli mentioned on Friday were:

PepsiCoInc. (Pepsi, Fritos, Quaker Oats)
Cosmetics giant Estee Lader ( Bobbi brown, Clinique
Snack food giant Mondelez International Inc. (Ritz crackers, Oreo cookies, Trident gum)
Fortinet Inc. (cyber-security).
Kimberly-Clark Corp. (Huggies, Depends)
Bunge Ltd. (fertilizer, bio-fuel)
Coty Inc. (Adidas, Gucci, Vera Wang)
Alnylam Pharmaceuticals Inc.
Technology company Trimble Inc.