dChan - Q Origins Project Archive

8 Mar, 2022 20:53

Coca-Cola and PepsiCo suspend businesses in Russia

The beverage giants‘ announcements come shortly after asimilar decision by McDonald’s

The Coca-Cola Company and PepsiCo have joined the exodus of international companies shutting down operations in Russia because of the war in Ukraine, suspending their businesses in the country amid mounting public pressure on corporations to punish Moscow.

Coca-Cola announced its decision in a three-sentence statement on Tuesday, saying: “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine. We will continue to monitor and assess the situation as circumstances evolve.”

A statement from Coca-Cola’s top rival, PepsiCo, followed minutes later, saying sales of its soft drink brands would be suspended in Russia. PepsiCo is also shutting down its capital investments and advertising in Russia, but the company said its sales of such “daily essentials” as milk and baby formula will continue for humanitarian reasons. ??? Milk and baby formula???

PepsiCo noted that it entered the Russian market at the height of the Cold War and “helped create common ground between the United States and the Soviet Union.” However, the company added, “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.”

By keeping the food side of its business operating, PepsiCo said it will support the livelihoods of its 20,000 Russian employees and the 40,000 agricultural workers in its Russian supply chain. “My heart goes out to all those who are caught in the middle of this deadly conflict,” CEO Ramon Laguarta said. “As it so often does, war is falling hardest on the innocent. War is never the answer, and we join those calling for a speedy, peaceful resolution.”

The statements came just hours after US fast-food giant McDonald’s announced that it wastemporarilyshutting down all of its outlets in Russia. Like Coca-Cola, McDonald’s hinted at the potential for additional steps, saying it would monitor the situation to determine whether more measures are required.

Coca-Cola, PepsiCo and McDonald’s are among multinational corporations that have faced increasing public pressure to quit Russia over Moscow’s invasion of Ukraine. The companies have faced public criticism, threats of boycotts and pressure from investors to halt operations in Russia.

Hundreds of Western companies have already withdrawn from Russia. While some hope to reopen their Russian businesses at some point, others have pulled up stakes permanently. For instance, major oil companies Exxon Mobil, BP and Shell have abandoned billions of dollars in Russian assets.

Coca-Cola soft drinks were first introduced in Russia in 1979, and the company started a major push into the country in 1991. It has large bottling operations across the country.In fact, its biggest Eastern European plant is in the Rostov region. The company also has been a sponsor of major events in Russia, such as the 2018 World Cup and the 2015 Winter Olympics in Sochi.

These companies have fucked themselves!

https://www.rt.com/business/551506-coca-cola-suspends-russia/

8 Mar, 2022 16:28

US bans Russian energy imports

A senator earlier explained that it’s the ‘cost of standing up for freedom’ as oil and gas prices threaten to hike further

US President Joe Biden has announced a ban on Russian oil and gas imports in response to the ongoing conflict in Ukraine on Tuesday, a move that threatens to send global gas and oil prices even higher than the record-setting costs the commodities are already fetching.

The president called on the nation to use the events as an opportunity to transition to renewable energy, insisting that if “no one has to worry about the price at the gas pump in the future, tyrants like Putin won’t be able to use fossil fuels as weapons against other nations.”

Biden warned oil and gas companies against jacking up prices unnecessarily, declaring that while “Putin’s war against Ukraine is causing gas prices to rise…it’s no excuse to exercise excessive price increases or padding profits or any kind of effort to exploit the situation or American consumers.”

“Russia’s aggression is costing us all, and it’s no time for profiteering or price-gouging,” (Are you fucking kidding me, the buggest money laundering tgats been in gov fir 48 years says not to price gouge). Biden said, hailing the blanket ban on all imports of Russian oil and gas as “another powerful blow to Putin’s war machine.”

“This is a step we are taking to further inflict pain on Putin,” the president boasted, even while acknowledging “there will be costs as well in the US.”

Americans will have to pay for whatSenator Chris Coons (D-Delaware)called “the cost of standing up for freedom” in the coming weeks as the sanctions are expected to send energy prices soaring worldwide.

Ahead of Biden’s announcement, the Democratic senator told CNN that the price of oil could very well double to $300 per barrel, with gas prices more than tripling to $10-$14 per gallon.

The repercussions from the price shock will be felt worldwide, he continued, as costs continue to surge. Acknowledging that “the strength of our sanctions, of the costs we’re imposing on Putin…are more successful and more sustainable when they’re coordinated,” he praised the administration for working together with Europe on the looming import ban instead of pushing ahead unilaterally.

“We have to realize that it’s a global integrated market, it is tough to just turn on the taps and increase production quickly - it’s not like phoning up Amazon,” he explained, cautioning “we are going to see increased gas prices here in the US, in Europe they will see dramatic increases in prices, that’s the cost of standing up for freedom and of standing alongside the Ukrainian people. We need to see the cost and benefit here.”

The senator also admitted the White House has been in negotiations with its once-sworn enemies in Venezuela and Iran, two major oil producers Washington is suddenly seeing in a new light for their potential to bail out countries soon to be running on empty in the absence of Russian energy supplies, but argued the focus should be on Canada first. However, he acknowledged Putin “had Western Europe over a barrel” - literally and figuratively - regarding the highly sought-after commodities.

Russia is the second-largest oil exporter in the world, while the US is the largest oil consumer. While Moscow supplies only about 7% of US oil, Europe is much more heavily reliant on the nation for its energy supplies.

Fresh polls claim that Americans are willing to pay more at the pump in order to stick it to Putin. A Quinnipiac survey conducted over the weekend, which found 71% of Americans supported a ban on Russian oil even if it led to higher gas prices. More than half of respondents (56%) even suggested the US hadn’t gone far enough with its sanctions and called for tougher moves.

I literally hate Senators and Congressmen, and leaders, that go along with this “is the price for standing up for freedom bullshit

Putin should release all of evidence of every comped leader in this country!

https://www.rt.com/news/551486-us-ban-oil-gas-russia/