NEW YORK—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. Some big companies have already said they will do so, including sneaker maker Nike and home furnishings firm IKEA.
