Coca-Cola, Pepsi and Starbucks suspend sales in Russia

Coca-Cola's said in a release that the company is "…suspending its business in Russia." They went on to say "Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine."

PepsiCo went further in their statement and said, "Pepsi-Cola entered the market at the height of the Cold War and helped create common ground between the United States and the Soviet Union."

"However, given the horrific events occurring in Ukraine we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda. We will also be suspending capital investments and all advertising and promotional activities in Russia."

The company did mention that it will continue selling essentials such as milk and baby formula and added "By continuing to operate, we will also continue to support the livelihoods of our 20,000 Russian associates and the 40,000 Russian agricultural workers in our supply chain as they face significant challenges and uncertainty ahead."

PepsiCo added that its "...first priority continues to be the safety and security of our fellow Ukrainian associates," and as a result, the company is also suspending operations in Ukraine "…to enable our associates to seek safety for themselves and their families."

PepsiCo also spoke of its humanitarian efforts around the region and announced its donation of $4 million to the Red Cross in Poland, World Vision in Romania, the World Food Program, World Central Kitchen and Save the Children.

Starbucks stated, "…we condemn the horrific attacks on Ukraine by Russia and our hearts go out to all those affected," and added "…we have decided to suspend all business activity in Russia, including shipment of all Starbucks products. Our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 partners in Russia who depend on Starbucks for their livelihood."

The company also stated that it will donate royalties received from operations in Russia "…to humanitarian relief efforts for Ukraine," and other charitable actions.

Earlier Tuesday, McDonald's condemned Russia's invasion of Ukraine and announced it was temporarily close all restaurants across Russia.