(Reuters] – Coca-Cola (NYSE 🙂 and McDonald’s are the latest Russian companies to stop sales. In Russia, a top member of the ruling party warns that foreign businesses could be closed down.

PepsiCo (NASDAQ) and Starbucks (NASDAQ) joined the ranks of global firms closing factories or stores to comply with supply disruptions or sanctions.

These supply obstacles include container routes being suspended by the three largest shipping firms in the world.

Heineken (OTC):, the second largest brewer in the world, has stopped Russian production and sale and stated that it is evaluating options to continue its business there.

Yum Brands Inc. is the parent company to KFC’s fried chicken mega-corporation KFC. It said that it had stopped investing in Russia last year, which was an area where it achieved record levels of development.

“LAWS OF WAR”

Andrei Turchak secretary to the United Russia party’s executive council warned Moscow could nationalize idle foreign assets as a response to firms moving on.

Turchak said in a Monday night statement that United Russia proposed to nationalize production plants from companies which announce their withdrawal and close down production during Ukraine’s special operation.

According to the statement, Fazer and Valio were amongst those that announced closures.

Turchak declared, “We will take strong retaliatory actions acting in accordance to the laws of war.”

SANCTIONS

Moscow has called its invading Ukraine “special military operation”. However, it was also affected by broad Western sanctions. These have cut off trade and isolated Russia further.

According to Reuters, banks and billionaires were also targeted. The European Commission is currently preparing sanctions against additional Russian oligarchs, politicians, and three Belarusian bank branches.

Although the price of Russian commodities such as oil and steel has risen due to the conflict in Ukraine, the sanctions have effectively prevented Moscow from profiting from the rising prices.

The United States has banned Russian oil imports from Tuesday.

Schlumberger, an American oilfield service company that derives approximately 5% of its revenues from Russia (NYSE:), said this quarter’s conflict could negatively impact its financial results.

Trafigura Group, a global commodities trader, has raised $1.2 billion from banks for a revolving credit facility to address the soaring commodity and energy prices.

Norway’s Yara is a leading fertiliser producer and said that on Wednesday, it would reduce the ammonia- and urea supply in France and Italy because of rising gasoline prices.