Agribusiness, Food Companies Cutting Ties With Russia

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More and more food and ag companies are cutting ties with Russia as a list of corporations boycotting its invasion of Ukraine grows.

Equipment manufacturers such as John Deerey, Caterpillar and CNH industrial, are suspending business or halting operations in Russia while others like AGCO say they have committed to supporting humanitarian efforts in the region.

BASF, Louis Dreyfus, and Rabobank have committed to some type of suspensions according to a list of more than 300 businesses boycotting the invasion compiled by Yale.

Food companies including Coca-Cola, Kraft, Kellogg’s, Little Caesars, McDonald’s, Nestle, Papa John’s, Pepsi, Starbucks, Heineken, Yum! Brands representing KFC, Taco Bell, and Pizza Hut, and Unilever have also announced similar measures to suspend business.