McDonald's Transfers All of its Branches in Russia

McDonald's Corporation, a popular fast-food restaurant based in the USA, which has been operating in Russia for more than 30 years, has announced that it will sell its branches in Russia. It was stated that the fast-food restaurant company will sell its entire portfolio to a local buyer.

McDonald's joined the companies that decided to withdraw from the country after Russia launched an attack on Ukraine. The popular fast service chain of the USA, McDonald's, announced on March 8, 2022 that it temporarily closed its restaurants in Russia and stopped its operations. The humanitarian crisis caused by the war in Ukraine and the increasingly unpredictable work environment have led McDonald's to decide that it is no longer reasonable to continue to have a business in Russia. The company announced that the current situation in Russia does not match its values. No logo will be included The fast-food giant stated that while trying to sell its entire portfolio to a local buyer, McDonald's name, logo, brand and menu can no longer be used, although it will continue to protect its trademarks in Russia. Priority not to victimize employees It was noted that McDonald's priorities include continuing to pay its employees in Russia until any action is finalized, and ensuring that the future buyer retains them on the staff. McDonald's restaurants in Ukraine remain closed, while the company continues to pay full salaries to its employees in the country and support local relief efforts led by Ronald McDonald House Charities. What Happened? With the Russian occupation of Ukraine, McDonald's decided to close its sales shops in Russia. After this decision, the products of the restaurant began to be sold at exorbitant prices on second-hand sites. After the news that the famous fast-food chain was to be closed, queues were formed in its restaurants, while hamburgers and some other products belonging to the company were offered for sale at high prices on the websites where second-hand products were sold. Asked prices of up to $150 for some hamburgers.