McDonald’s to pull out of Russia, says ‘impossible to ignore humanitarian crisis’

McDonald’s has decided to shut shop in Russia more than 30 years after it first opened its operations in the country. It has now joined the list of firms that have stopped offering their services in the country.

In a statement issued on Monday, the burger giant said that it will sell all of its 850 stores in the country and will look for a buyer who will retain its 62,000 workers in Russia. It also made it clear that it will continue to pay all its workers until a deal is finalised.

“Some might argue that providing access to food and continuing to employ tens of thousands of ordinary citizens, is surely the right thing to do. But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine,” McDonald’s CEO Chris Kempczinski said in a letter to employees.