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McDonald’s leaves Russia because of the “humanitarian crisis in Ukraine”

McDonald’s has announced that it will sell all of its 850 restaurants in Russia, more than three decades after opening its first store in the country.

The global fast-food giant cited the suffering caused by Vladimir Putin’s invasion of Ukraine as the reason for the move.

He had been in the country for over 30 years and was a powerful symbol of the spread of capitalism in Russia after the collapse of the Soviet Union.

Chris Kempczinski, CEO of McDonald’s, said “it is impossible to ignore the humanitarian crisis caused by the war in Ukraine”.

“And it is impossible to imagine that the Golden Arches represent the same hope and promise that led us to enter the Russian market 32 ​​years ago,” he added.

The Chicago-based company said in early March it was closing its Russian outlets but would pay its employees. But now he is looking for a Russian buyer to hire his staff.

The “dedication and loyalty” of his workers and suppliers in Russia made the decision to sell his Russian business difficult, Mr Kempczinski said.

The company said it would start removing its golden arches and signs in the country.

McDonald’s move comes after other big companies like British energy companies Shell and BP left Russia due to concerns over Vladimir Putin’s invasion of Ukraine.

Since Russian troops entered Ukrainian territory on February 24, thousands of civilians have been killed and more than 6 million others have fled Ukraine.

The Independent Gt

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