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After 14 years of planning and negotiations, McDonald's Canada president George Cohon was permitted to open the first McDonald's in Russia by the Soviet government in 1990. The entry of the iconic American brand into the country was seen as a symbol of ongoing economic and political reforms in the Soviet Union .
Opening of the first Vkusno i tochka restaurant in Pushkin Square, Moscow, 12 June 2022.Formerly the first Russian McDonald's in the country. On 8 March 2022, facing continued pressure due to the Russian invasion of Ukraine, McDonald's announced the temporary suspension of operation of its restaurants in Russia, while also announcing at the same time that it would continue to pay its employees ...
Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as courts ...
The "golden arches" arrived in Moscow in 1990, and became an iconic symbol of American capitalism as the Soviet Union fell.
McDonald's said Monday it plans to "de-arch" all restaurants in Russia, meaning its name, branding, menu, and logo can't be used.
McDonald's quit Russia after a Western backlash against Moscow's military campaign in Ukraine, which included a barrage of economic sanctions, and sold all the restaurants it owned to a local ...
[222] [223] Halted all deliveries to Russia. [224] McDonald's: Fast food United States: Owns the vast majority of the 847 McDonald's stores in Russia, [225] but the company did not offer an official position on operations in the Russian Federation. [226] McDonald's offered food assistance to Ukrainians. [227] McDonald's to close 850 restaurants ...
According to a corporate filing, McDonald’s restaurants in Ukraine and Russian accounted for 9% of the company’s 2021 revenue, due to the fact that the majority are directly owned and operated ...