McDonald's, a major hamburger chain, has announced that it will withdraw from its business in Russia following a military invasion of Ukraine by Russia.
McDonald's announced on the 16th that it has withdrawn from the business that has been in Russia for more than 30 years and has begun the procedure for selling the business.
As for the reason, he concluded that due to the humanitarian crisis caused by Russia's military invasion of Ukraine and the unforeseen business environment, it is no longer possible to continue to own a business in Russia and it does not match the company's values. is.
The withdrawal cost is expected to be approximately 1.2 billion to 1.4 billion dollars and 150 billion to 180 billion yen in Japanese yen.
McDonald's has about 850 stores in Russia, and while the company closed all stores in Russia this March, it continued to pay salaries to about 62,000 employees in Russia. ..
These stores are considering selling to local buyers without using the company's brand.
McDonald's entered Moscow in 1990 at the end of the Soviet era and gained enthusiastic popularity, but with a series of companies withdrawing from Russian business due to this military invasion, McDonald's decided to withdraw in the same way. became.