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McDonald’s to permanently exit Russia after 30 years

The company is pursuing the sale of its entire portfolio of McDonald’s restaurants in Russia to a local buyer

McDonald’s Corporation has announced it will permanently exit the Russian market after more than 30 years of operations in the country, and it has initiated a process to sell its Russian business.

McDonald’s said the humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, had led the company’s conclusion that continued ownership of the business in Russia is “no longer tenable, nor is it consistent with McDonald’s values.

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