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Russian oil banned by US, UK; McDonalds, Starbucks, Coca Cola suspend sales in Russia; NSW weather softens, NSW flood cleanup continues, Manly Dam overflows, Scott Morrison to travel to northern NSW

Coca-Cola announced it was suspending operations in Russia, joining a flood of American and European companies abandoning the country after its invasion of Ukraine.

“Our hearts are with those who are experiencing the unconscionable effects of these tragic events in Ukraine,” the company said in a statement.

“We will continue to monitor and assess the situation as circumstances evolve.”

Coca-Cola has suspended operations in Russia. Credit:Brendan Esposito

McDonald’s and Shell are among other major companies to shut down or suspend operations in Russia during the country’s war with Ukraine, with the list of companies now numbering more than 200.

But this list is not long enough, according to some experts.

Bill Browder, a US-born financier who worked in Moscow for years before becoming one of the most vocal foreign critics of Russian President Vladimir Putin’s regime, called on Western companies still trading in Russia after his invasion of Ukraine to join the boycott.

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He says that even if Russians lived in an information vacuum after Putin shut down all independent media, they would certainly notice that everyday life has changed.

“Prices have gone up 50% for everything because of the ruble’s fall,” he told Melbourne radio station 3AW.

“You can’t use your credit card, no MasterCard, no Visa and American Express. You can’t watch Netflix, you can’t fly anywhere. You cannot obtain imported goods. You can’t go to McDonald’s, you can’t do anything.

“It’s probably the biggest economic blockade I’ve ever seen imposed on a country, ever.”

Corporate giants that have cut ties with Russia in recent days include law firms and the Big Four accounting firms KPMG, EY, Deloitte and PwC.

with Bloomberg and the Telegraph