The Kremlin towers visible from a busy road|Bernt Rostad|CC BY 2.0
From applying sanctions to breaking relations, Russia's invasion of Ukraine has taken a toll on the global economy. Nations worldwide are now affected since Ukraine is seen as a tremendous economic platform with long-term growth potential.
Large corporations from a variety of industries have hence suspended operations in Russia, putting added economic strain on the Russian government.
McDonald’s is among the most recent conglomerates to halt services in Russia, and will see 850 of its outlets shutting down soon—translating to a loss of 9% of its annual revenue.
Similarly, large firms like Starbucks, PepsiCo, and Shell are bracing for a massive financial hit in their respective sectors.
