McDonald’s is temporarily closing its Russian locations.
“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.
According to an investor document, there were 847 McDonald’s restaurants in Russia at the end of last year.
The majority of McDonald’s outlets worldwide are run by franchisees. However, this is not the situation in Russia, where the corporation operates 84 percent of the outlets, according to the document.
According to the statement, McDonald’s locations in Russia, together with another 108 in Ukraine, accounted for 9% of the company’s income in 2021.
“In Russia, we employ 62,000 people who have poured their heart and soul into our McDonald’s brand to serve their communities. We work with hundreds of local, Russian suppliers and partners who produce the food for our menu and support our brand,” Kempczinski said. “And we serve millions of Russian customers each day who count on McDonald’s. In the thirty-plus years that McDonald’s has operated in Russia, we’ve become an essential part of the 850 communities in which we operate.”
But, he added, “at the same time, our values mean we cannot ignore the needless human suffering unfolding in Ukraine.”
Several Western corporations from a variety of industries have ceased operations in Russia following the country’s invasion of Ukraine.
Adidas has ended its partnership with the Russian Football Union with immediate effect. Due to the inability to ensure delivery, Nike has made item purchases on its website and app in Russia impossible.
Tech giant Google has restricted mobile apps linked to Russian broadcasters RT and Sputnik, after previously prohibiting Russian official publishers from news-related features. Apple has also put a halt to all product sales.
New film releases in Russia have been blocked by Disney, Warner Bros., and Sony Pictures Entertainment. On Sunday, Netflix announced its withdrawal from Russia.
These are just few of the many companies that have pulled out their businesses from Russia.