McDonald’s is shutting its doors in Russia permanently.
McDonald’s announced on Monday that it will sell its operation in Russia after more than 30 years.
In March, amid Russia’s aggression into Ukraine, it temporarily closed all of its Russian restaurants.
In a press release, McDonald’s said it was “no longer tenable, nor is it consistent with McDonald’s values” to continue operating in the country due to the “humanitarian crisis” caused by the war in Ukraine.
“We’re exceptionally proud of the 62,000 employees who work in our restaurants, along with the hundreds of Russian suppliers who support our business, and our local franchisees,” Chris Kempczinski, McDonald’s President and Chief Executive Officer, said in a statement.”
“Their dedication and loyalty to McDonald’s make today’s announcement extremely difficult.”
“However, we have a commitment to our global community and must remain steadfast in our values,” he continued.
“And our commitment to our values means that we can no longer keep the Arches shining there.”
According to the release, McDonald’s is attempting to sell its Russian restaurants to a local buyer and plans to continue paying their employees until the close of sale. .