McDonald’s is to sell its Russian business, two months after temporarily closing its restaurants in the country as part of the exodus of western companies in response to the invasion of Ukraine.
The fast-food chain, which operated 850 restaurants in Russia and employed 62,000 people, said on Monday that remaining in the country was not “consistent with McDonald’s values” following President Vladimir Putin’s invasion.
“The humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald’s to conclude that continued ownership of the business in Russia is no longer tenable,” McDonald’s said in a statement.
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