The Western corporate world has distanced itself from Russia after it started a war in Ukraine.
ExxonMobil, Microsoft, and others have stopped operations in Russia. FedEx stopped all shipments. Several media companies have stopped broadcasting Kremlin-sponsored television networks.
Some companies that were criticized for still operating in Russia will be closing their operations on Tuesday. McDonald's and Starbucks said they were temporarily closing their operations in Russia and suspending their business in the country. Coca-Cola announced on the same day that it would be suspending operations in Russia.
Even as companies face mounting pressures to cut ties with the country, it has been business as usual for several marquee names.
Talk of boycotts of the companies that have been slow to leave Russia have gone viral over the past few days, with messages like #boycottPepsi and #boycottCocaCola consistently being used on social media.
Coca-Cola had contingency plans in place to deal with a potential war before Russia invaded Ukraine. The plans did not mention how the company will protect its employees.
According to the report, Coca Cola HBC has 10 plants in Russia. Russia accounts for 4% of revenue exposure for both beverage giants.
The holdout that has not announced that it is suspending or curtailing operations in Russia isPepsi.
Coca-Cola and Pepsi did not respond to Fortune's request for comment.
One of the issues companies have faced over the last few weeks is whether a location is owned by the company or not.
According to a memo from CEO Kevin Johnson, all 130 Starbucks locations in Russia are owned and operated by a licensed partner. On Tuesday, the company said that all of their licensed partners agreed to immediately pause store operations, but that the company would continue to pay their Russian employees.
Other American companies that have remained operating in Russia include Yum!. Restaurant Brands International owns Domino's Pizza and Burger King.
On Tuesday, the company said it was redirecting profits to humanitarian efforts in Ukraine. It didn't say if it would stop operations.
McDonald's has hundreds of restaurants, but only a minority are franchises. The company was able to suspend operations with relative freedom. In its announcement on Tuesday, the company did not mention its franchises, but did say that all operations in the country would be paused. The company said it would pay its employees in Russia.
The senior associate dean of leadership programs at Yale University began to put together a list of companies that remain in Russia with significant exposure after Russia invaded Ukraine. Over 200 companies have announced their withdrawal from the country since then.
Major companies that fit Sonnenfeld's criteria remain in business in Russia. This also includes Mondelez International, Inc.
Sonnenfeld told The Washington Post that companies have little choice but to cut ties with Russia because of Putin's decision to start a war.
This is a last-ditch effort. Sonnenfeld said in an interview with The Washington Post that the West is helping those workers by not bombing them.
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