Meanwhile, Russian citizens are beginning to experience the effects of sanctions. Some told AFP that corporate closures will have a limited effect on their lives.
McDonald's is among the big brands that temporarily suspended operations in Russia. Coco-Cola, Starbucks and Pepsi have also halted business in the country.
TimesLIVE
WATCH | McDonald's, Starbucks and Pepsi among companies in corporate boycott of Russia
Europe and US call for Russia to lose its 'most favoured nation' status
Image: Anton Vaganov/Reuters
The war in Ukraine has entered a third week with Russia beginning to feel the force of financial sanctions.
The US and EU have called for Russia's "most favoured nation" status to be revoked.
Stripping Russia of the status would result in increased import tariffs and quotas for its exports.
Meanwhile, Russian citizens are beginning to experience the effects of sanctions. Some told AFP that corporate closures will have a limited effect on their lives.
McDonald's is among the big brands that temporarily suspended operations in Russia. Coco-Cola, Starbucks and Pepsi have also halted business in the country.
TimesLIVE
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