Russia-Ukraine war LIVE Updates: McDonald's, Coca-Cola join US firms halting Russia operations

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09:44 (IST)

Russia Ukraine war LATEST Updates

McDonald's, Coca-Cola join US firms halting Russia operations

McDonald's, Coca-Cola and Starbucks on Tuesday bowed to public pressure and suspended their operations in Russia, joining the international corporate chorus of outrage over Moscow's invasion of Ukraine.

Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on social media as investors have also begun to ask questions about their presence.

"We cannot ignore the needless human suffering unfolding in Ukraine," the fast-food giant said, announcing the temporary closure all 850 restaurants in Russia, where it employs 62,000 people.

09:40 (IST)

Russia Ukraine war LATEST Updates

IAEA says it has lost contact with Chernobyl nuclear data systems

The Chernobyl nuclear power plant is no longer transmitting data to the UN's atomic watchdog, the agency said Tuesday, as it voiced concern for staff working under Russian guard at the Ukrainian facility.

On 24 February, Russia invaded Ukraine and seized the defunct Chernobyl plant, the site of a 1986 disaster that killed hundreds and spread radioactive contamination west across Europe.

International Atomic Energy Agency chief Rafael Grossi "indicated that remote data transmission from safeguards monitoring systems installed at the Chornobyl NPP had been lost", the agency said in a statement.

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09:37 (IST)

Russia Ukraine war LATEST Updates

US announces ban on import of Russian oil: What does this mean?

With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden on Tuesday announced a US ban on imported Russian oil. Critics of Russia have said that sanctioning its energy exports would be the best — perhaps only — way to force Moscow to pull back.

A full embargo would be most effective if it included European allies, which are also desperate to stop the violence in Ukraine and the danger Moscow poses to the continent. Yet it's far from clear that all of Europe would take part in an embargo, though Britain announced Tuesday that it would phase out Russian oil imports by year's end.

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Russia Ukraine war LATEST Updates: McDonald's, Coca-Cola and Starbucks bowed to public pressure and suspended their operations in Russia, joining the international corporate chorus of outrage over Moscow's invasion of Ukraine.

President Volodymyr Zelenskyy said he is no longer pressing for NATO membership for Ukraine, a delicate issue that was one of Russia's stated reasons for invading its pro-Western neighbor.

In another apparent nod aimed at placating Moscow, Zelensky said he is open to "compromise" on the status of two breakaway pro-Russian territories that President Vladimir Putin recognized as independent just before unleashing the invasion on February 24.

"I have cooled down regarding this question a long time ago after we understood that ... NATO is not prepared to accept Ukraine," Zelensky said in an interview aired Monday night on ABC News.

"The alliance is afraid of controversial things, and confrontation with Russia," the president added.

This, as Russia became the most sanctioned countries in the world. Key Russian banks have been cut out of the SWIFT payments messaging system, making financial transactions much more difficult. Europe’s worst refugee crisis since World War II has grown even more severe, with UN officials reporting that 2 million people have now fled Ukraine.

Manwhile, Moscow’s forces have besieged Ukrainian cities and cut off food, water, heat and medicine in a growing humanitarian crisis. But for days, attempts to create corridors to safely evacuate civilians have stumbled amid continuing fighting and objections to the proposed routes.

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Russia-Ukraine war LIVE Updates: McDonald's, Coca-Cola join US firms halting Russia operations
Russia-Ukraine war LIVE Updates: McDonald's, Coca-Cola join US firms halting Russia operations
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