DETROIT -- McDonald's said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine.
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McDonald’s closing 850 sites in Russia
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Big Macs going for big money in Russia amid McDonald’s closures
By Danielle Wiener-Bronner, CNN Business McDonald’s is temporarily closing its locations in Russia. “McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations in the market,” CEO Chris Kempczinski said in a statement Tuesday.
McDonald’s President and CEO Chris Kempckinski said closing those stores is the right thing to do because McDonald's can't ignore the “needless human suffering in Ukraine.”
Russia has proposed a new ceasefire starting 10 a.m. Moscow time Tuesday (or 2 a.m. ET) in five Ukrainian cities. Ukraine has yet to formally agree to the proposal. Follow here for live news updates from on the ground in Ukraine.
By Yadarisa Shabong and Eric Onstad LONDON (Reuters) -McDonald's Corp and Starbucks Corp are temporarily closing hundreds of restaurants in Russia, with
By Yadarisa Shabong and Eric Onstad LONDON (Reuters) -McDonald's Corp said on Tuesday it would temporarily close its restaurants in Russia, becoming the
Russia and Ukraine combined represented approximately 2% of McDonald's system-wide sales, roughly 9% of its revenue and less than 3% of its operating income in 2021.
New York, Mar 8 (EFE).- McDonald's is to temporarily shut down 850 restaurants in Russia, the United States fast-food chain announced on Tuesday nearly two weeks after president Vladimir Putin launched his invasion of Ukraine.
When the Soviet Union's first McDonald's opened on January 31, 1990, it drew huge crowds and became a powerful symbol of an isolated country opening up to the West.
Russian burger lovers are resorting to desperate measures in the wake of McDonald’s plan to temporarily close 850 locations in the country due to the invasion of Ukraine.
