American fast-food giant McDonald's will exit the Russian market and sell its business in the increasingly isolated country after Moscow's incursion in Ukraine
Russia, where McDonald's directly manages more than 80 percent of the restaurants bearing its name, accounts for 9 percent of the company's revenue and 3 percent of its operating profit.
"The humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald's to conclude that continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald's values." Russia, where McDonald's directly manages more than 80 percent of the restaurants bearing its name, accounts for 9 percent of the company's revenue and 3 percent of its operating profit.Over 60,000 employees
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