McDonald’s announced on Monday that it would be permanently closing its 850 franchises in the Russian Federation, ending over three decades of engagement with the Russian market and signifying Russia’s increasing isolation from the global economic community since President Vladimir Putin’s authorization of the invasion of Ukraine.
After more than thirty years of operating within Russian borders, McDonald’s has officially begun to sell its properties within the nation, citing humanitarian, legal, and financial concerns about the company’s involvement in Russian markets.
“For the first time in our history, we are ‘de-Arching’ a major market and selling our portfolio of McDonald’s restaurants,” said McDonald’s executive Chris Kempczinski in a letter to employees and franchisees. “They will no longer carry the McDonald’s name or serve our menu. The Golden Arches will shine no more in Russia.”
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