Page 40 - Pushkin Square News Today

TodayHeadline After 32 years, McDonald’s Plans to Sell Its Russia Business - The New York Times –

The departure carries huge symbolic as well as economic weight because the fast-food chain was one of the first Western brands to set up shop in Russia.

“This is a complicated issue that’s without precedent and with profound consequences,” said Chris Kempczinski, the chief executive of McDonald’s.

The departure carries huge symbolic as well as economic weight.

In March, McDonald's closed all its restaurants in Russia including its iconic Pushkin Square location.

McDonald's Corp said on Monday it had initiated a process to sell its business in Russia after 30 years of operating its restaurants in the country, following Moscow's invasion of Ukraine.

McDonald's has announced that it will depart Russia permanently after more than 30 years and has begun selling its stores.

After temporarily shutting down more than 800 restaurants following the invasion of Ukraine, McDonald's has decided to leave Russia altogether.

Fast food giant predicts $1.4bn financial hit from exit

VLADIMIR Putin is "very ill"with blood cancer" an oligarch close to the Kremlin is reported to have said.In a recording obtained by New Lines magazine