McDonald's selling its Russian business

A McDonald's logo restaurant is seen in the window with a reflection of Kremlin's tower in central Moscow on March 9, 2022.

"However, we have a commitment to our global community and must remain steadfast in our values," Kempczinski said in a statement,"and our commitment to our values means that we can no longer keep the arches shining there." McDonald's was the first American fast food restaurant to open in the Soviet Union, which would collapse in 1991.

On Monday, Renault gave its Russian assets to the Kremlin, both parties announced,"marking the first major nationalization since the onset of sanctions over Moscow's military campaign in Ukraine," Agence France-Presse said.

The Russian ministry of health will be happy.

Saudi Arabia about now…

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

McDonald's to Sell Its Russian Business After 32 Years; Will Try to Keep WorkersThe first McDonald's in Russia was a powerful symbol of the easing of Cold War tensions between the United States and Soviet Union.
Source: nbcchicago - 🏆 545. / 51 Read more »

McDonald's to sell its Russian business amid Ukraine warMcDonald's pointed to the humanitarian crisis caused by the war in Ukraine, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”
Source: fox32news - 🏆 547. / 51 Read more »