Some of America’s best-known brands took steps to pull back from Russia on Tuesday, when Coca-Cola Co. said it would suspend operations in the country and McDonald’s Corp. said it was temporarily closing its restaurants.
PepsiCo Inc., too, said it was halting sales of its big soda brands there, such as Pepsi-Cola and 7UP, but would continue to sell potato chips and daily essentials such as milk, cheese and baby formula. The snacks-and-drinks giant is exploring options for its business in Russia, including writing off the value of the unit, according to people familiar with the matter.
