The corporate exodus from Russia continued Tuesday as McDonald's, Coca-Cola, Starbucks, and Pepsi announced that they are temporarily suspending business in Russia over Putin's invasion of Ukraine.
Caterpillar opened its first office in Russia in 1973 and now has a distribution center in Moscow and a manufacturing facility in Tosno, which is about 30 miles southeast of St. Petersburg.
Robert M. Lynch, CEO of Papa John's, said on a Feb. 24 earnings call that the restaurant franchise has 185 locations in Russia. "We are heartbroken over the devastation unfolding in Ukraine and the mounting tragedies resulting from military actions, loss of life and the dislocation of hundreds of thousands of people," Hyatt wrote in a statement on March 4. Mars, the iconic candy brand that owns snacks like Skittles, Snickers, Milky Way, and others, has over $2 billion invested in Russia, according to the Yale tally.