Connect with us

Hi, what are you looking for?


McDonald’s to exit Russia completely

McDonald’s announced Monday it would exit the Russian market completely after more than three decades, setting the scene for the sale of its 850 restaurants in the country.

The Chicago-based fast-food chain temporarily closed its Russian stores in March in response to the Kremlin’s war on Ukraine, but continued to pay its 62,000 workers full salaries. Now, McDonald’s says it is seeking a Russian buyer who will continue to pay its employees at least until a sale closes while it begins removing its iconic golden arches from stores across Russia.

“We have a commitment to our global community and must remain steadfast in our values,” said McDonald’s CEO Chris Kempczinski in a statement, adding the chain’s presence was “no longer tenable” in Russia. “Our commitment to our values means that we can no longer keep the arches shining there.”

The burger giant is the oldest U.S. fast-food chain in Russia. It opened its first restaurant in central Moscow in January 1990 after the fall of the Berlin Wall, to queues of thousands of people.

Its departure symbolizes how radically relations between Russia and the West have soured since President Vladimir Putin launched his new assault on Ukraine.

Almost 1,000 Western companies have curtailed their operations in Russia since the war began in late February, including fellow fast-food brands Domino’s Pizza and Burger King.

This article is part of POLITICO Pro

The one-stop-shop solution for policy professionals fusing the depth of POLITICO journalism with the power of technology

Exclusive, breaking scoops and insights

Customized policy intelligence platform

A high-level public affairs network

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Kyiv is summoning Turkey’s ambassador to Ukraine after Ankara released the Zhibek Zholy cargo ship with “stolen” Ukrainian grain Wednesday evening, Ukraine’s Ministry of...


In this ongoing project, POLITICO is hosting a sort of digital diary following Ukrainian refugees across Europe as they adjust to lives forever changed...

Industrial Policy

LIÈGE, Belgium — What if the pushchair you bought on a marketplace has no brakes — or if your air fryer catches fire while...


MADRID — Spain wants the EU to revive its perpetually dormant migration talks after Madrid secured a related NATO pledge last week.  During an...


Press play to listen to this article ROME — Giuseppe Conte, leader of the 5Star Movement, has handed Prime Minister Mario Draghi a list...


EU lawmakers on Wednesday voted to approve a European Commission proposal to include natural gas and nuclear energy in the bloc’s list of sustainable...

Foreign Policy

BERLIN — Western countries are willing to safeguard Ukraine’s future existence with security guarantees but they can’t amount to a similar level of protection...


One in 10 people around the world faced hunger in 2021, according to a U.N. report released on Wednesday. The report, produced jointly by...