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McDonald's to Permanently Close All of Its Locations in Russia

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
McDonald's to Permanently Close All of Its Locations in Russia

McDonald's to Permanently Close All of Its Locations in Russia

McDonald's , to Permanently Close , All of Its Locations in Russia.

BBC reports that McDonald's will permanently close its 850 locations in Russia after 30 years.

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In March, the fast food giant temporarily closed all of its outlets in Russia.

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In March, the fast food giant temporarily closed all of its outlets in Russia.

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According to McDonald's, the decision was made because of the "humanitarian crisis" and "unpredictable operating environment" caused by the Ukraine war.

According to McDonald's, the decision was made because of the "humanitarian crisis" and "unpredictable operating environment" caused by the Ukraine war.

The company said that continuing to operate in Russia was "no longer tenable" or consistent with McDonald's values.

The company said that continuing to operate in Russia was "no longer tenable" or consistent with McDonald's values.

McDonald's first entered Moscow in 1990.

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At the time, the Soviet Union was opening up to Western brands and allowing the iconic American company to enter the country.

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At the time, the Soviet Union was opening up to Western brands and allowing the iconic American company to enter the country.

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BBC reports that the company's exit from Russia carries a similar symbolic weight.

According to McDonald's, all of its restaurants in Russia would be sold to a local buyer.

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The fast food chain emphasized that it would seek to ensure all 62,000 of its Russian employees will continue to be paid until the sale was completed.

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The fast food chain emphasized that it would seek to ensure all 62,000 of its Russian employees will continue to be paid until the sale was completed.

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In 2021, Russia and Ukraine accounted for approximately 9% of McDonald's global sales.

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Since Russia's invasion of Ukraine began in February, hundreds of international brands have either left Russia or suspended sales there.

Reuters reports that McDonald's faced criticism for being slow to close its business in Russia before deciding to suspend operations in March.

Reuters reports that McDonald's faced criticism for being slow to close its business in Russia before deciding to suspend operations in March


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