Multiple major chains are pulling out of Russia.
As Russia continues to pursue its invasion of Ukraine, their global image has taken a major hit. No global business wants to work with a country that invades others, which is why multiple major retail chains have either been halting or ending their business with Russia in protest. Retailers, gas companies, fast food chains, and more have all closed their Russian locations, and pledged to keep them closed until the invasion ends at the bare minimum.
We will be temporarily closing all restaurants and pausing all operations in Russia. Click to read the message from our CEO in its entirety: https://t.co/ncoB2A8GC6
— McDonald's (@McDonalds) March 8, 2022
One of the longest holdouts on this protest has been fast food chain McDonald’s, which maintains approximately 847 chain and franchise locations in Russia, though the vast majority of these locations are manned by the company itself. McDonald’s has been facing mounting pressure to join other companies in halting their Russian business to protest the war, and yesterday, they acquiesced.
“McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations in the market,” company CEO Chris Kempczinski said in a statement.
McDonald's said it would temporarily close its restaurants and pause all operations in Russia following Moscow's invasion of Ukraine https://t.co/iQ2SVmGMql
— Reuters (@Reuters) March 8, 2022
“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, explaining their reluctance toward closing. “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.”
“At the same time, our values mean we cannot ignore the needless human suffering unfolding in Ukraine.”
Biden Calling for Full Russian Oil Ban
Nintendo Halts Hardware and Software Exports to Russia
-
Credit: Shutterstock Imagine not having to hunt for groceries after a long day or remember when your phone bill...
-
Credit: Shutterstock Good News for Taxpayers Good news might be on the horizon for taxpayers — especially those with...
-
Credit: Shutterstock The end of quantitative tightening may not be the market boost it appears to be Federal Reserve...
-
Credit: Shutterstock Trade deficits, national debt, and the numbers that don’t add up President Donald Trump recently caused a...
-
Credit: Envato Elements Untouched Money in the Trillions? There’s a quiet giant sitting in the background of the economy...
-
Credit: Shutterstock Trump and Wall Street’s Top Banker Bury the Hatchet—And Your Wallet Might Thank Them In an unexpected...
-
Credit: Envato Elements Will These Cryptos Steal the Spotlight by Year-End 2025? After a wild start to 2025 filled...
-
Credit: Unsplash Why Don’t We Just Tax the Rich? Every year, millions of Americans pay their taxes expecting that...
-
Credit: Unsplash Is the Minimum Wage Livable in The U.S.? The federal minimum wage in the United States has...
-
New tax on foreign investors could shake global confidence in U.S. markets and dampen demand for Treasuries and the...
-
Trump’s trade measures are unexpectedly easing price pressures—for now—before a likely rebound in inflation later this year. In an...
-
Practical Ways to Reduce Credit Card Debt and Boost Your Credit Score Even as Interest Rates Climb If you’re...
