Companies from all over the world are withdrawing from Russia after the country's attack on Ukraine.

Apple and Ford were among the first to suspend their businesses. Exxon announced on Tuesday that it would leave its last project in Russia, while Boeing suspended all major operations in Moscow. Disney, Netflix and Warner Media have also left this market.

The departure of a large number of companies was joined by consumer giants: McDonalds, Coca-Cola and Starbucks.  

McDonald's

At the end of last year, there were 847 McDonald's locations in Russia, and according to the statement of the executive director of this company, Chris Kempczynski, all of them will be temporarily closed.
This situation will significantly affect the business of the company, whose Russian restaurants, together with 108 other restaurants in Ukraine, accounted for 9% of the company's revenue in 2021.

This restaurant chain employs 62,000 workers and cooperates with hundreds of domestic suppliers and food producers.

The Dow Jones Index, of which McDonald's is a part, recorded its biggest decline this week since November 2021. McDonald's shares were one of the leading factors that contributed to the decline in the value of the index. The index suffered a huge drop, of as much as 4.9%. We’ll see how stocks will react to the situation in Ukraine and the withdrawal from Russia.

Coca Cola

Coca-Cola announced on Tuesday that it is suspending operations in Russia, whose market accounted for approximately 2% of the company's revenue. Also, Coca-Cola has about a 20% ownership stake in the bottling and distribution business in this country.

Coca-Cola shares are currently trading above the historical average. Analysts expect the company to earn $0.41 in earnings per share and $8.93 billion in revenue this quarter.
Certainly, it’s questionable whether this company can continue to increase sales and what impact the crisis in Ukraine could have on its shares in the future.

Starbucks

Starbucks is also suspending all business activities in Russia. This company has much less exposure to the Russian and Ukrainian markets than the companies mentioned earlier. Starbucks has about 130 shops in Russia and Ukraine. These are all licensed locations, so the Seattle-based company does not manage them. The Russian market accounts for less than 1% of Starbucks' global revenue.
Following the announcement of the news of leaving the Russian market, Starbucks shares were traded at $84.15, which is an increase of approximately 0.18%.

How many more companies will withdraw from Russia and for how long, is an open question, and right now, no one can predict it. What you can do is to watch the market and geopolitics happenings closely and adjust your tradings according to them.