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Reuters
NY pension chief says McDonald’s, PepsiCo should consider Russia risk
The chief of New York state’s pension fund said on Thursday that McDonald’s Corp, PepsiCo and other companies with a large footprint in Russia “need to consider whether doing business in Russia is worth the risk during this extraordinarily volatile time.” Political pressure is building for companies to halt business in Russia because of its invasion of Ukraine. “Russia’s unprovoked invasion of Ukraine and its highly unpredictable foreign policy are a threat to the global economy,” New York State Comptroller Thomas DiNapoli, who oversees the state’s public pension fund, said in a statement.
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