McDonald’s says it will temporarily close hundreds of restaurants, joining a long list of companies leaving Russia over its attack on Ukraine.
New York McDonald's and Starbucks are shutting their restaurants and cafes in Russia, and Coca-Cola is suspending its operations there in response to Russia's invasion of Ukraine. PepsiCo is also pulling some products from the country.
"McDonald's has decided to temporarily close all our restaurants in Russia and pause all operations in the market," CEO Chris Kempczinski said in a statement Tuesday.There were 847 locations of McDonald's in Russia at the close of last year, according to an investor document. McDonald's said Tuesday that it is closing its Russian locations. Globally, most McDonald's locations are operated by franchise operators.