McDonalds have announced that they are selling the hundreds of restaurants they own in Russia.
According to RTE, the news comes in the wake of Russia’s invasion of Ukraine. McDonalds opened their first outlet in Moscow in 1990 and it was thought to represent a landmark moment for the introduction of capitalism into the country.
The Ukraine war has changed things considerably, with many businesses reconsidering their presence in Russia, given the uncertainty that has arisen over the economy and sanctions.
The company has said that they hope to sell the restaurants to a local buyer and, given that they employ around 62,000 people in Russia, they have said that they will keep them on the payroll until the sale completes so that they can then get a job with the new owners.
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