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McDonald’s joined the growing list of companies shutting down operations in Russia after announcing on Tuesday that it would temporarily close 850 locations in the country.The company will ...
On 18 March, it was reported that McDonald's remained unable to close some locations in airports or transit stations. [15] On 16 May 2022, after temporarily closing its restaurants, the company decided to exit Russia altogether. [16] On 27 May 2022, it was reported that McDonald's was selling its stores in Russia to a local licensee, Alexander ...
The world's largest burger chain, which owns about 84% of its nearly 850 restaurants in Russia, will take a related non-cash charge of up to $1.4 billion following its sale.
The "golden arches" arrived in Moscow in 1990, and became an iconic symbol of American capitalism as the Soviet Union fell.
McDonald’s closed 847 restaurants, but said it would continue paying salaries to its 62,000 employees in Russia. Paul Musgrave, a Political Scientist at the University of Massachusetts Amherst ...
[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 ...
McDonald's says workers in Russia and Ukraine will continue to be paid, and Ronald McDonald House Charities are sending aid to Ukrainian borders. McDonald's is closing more than 800 restaurants in ...
McDonald's Corp said on Monday it had initiated a process to sell its business in Russia after 30 years of operating its restaurants in the country, following Moscow's invasion of Ukraine.