McDonald’s said Tuesday it will close all of its 850 stores in Russia (temporarily, at least) due to Russia’s invasion of Ukraine, per The Associated Press.

  • All 62,000 Russian employees will still be paid, McDonald’s said.

What they’re saying: “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s President and CEO Chris Kempckinski said, per The Associated Press.

  • “The situation is extraordinarily challenging for a global brand like ours, and there are many considerations,” Kempckinski said.
Related
There are calls to boycott McDonald’s and Coca-Cola over the Russian invasion of Ukraine

Flashback: #BoycottMcDonalds and #BoycottCocaCola were trending on Twitter over the weekend as people protested the companies for continuing their businesses in Russia, as the Deseret News’ Ashley Nash wrote.

  • McDonald’s has a large influence in Russia with its Russian stores, according to BBC. In fact, Russia accounts for 9% of McDonald’s entire revenue, according to the Independent.
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Meanwhile: Pepsi is exploring options for what to do with its business in Russia, including the possibility of writing off the business, per The Wall Street Journal.

Related
Coca-Cola suspends business in Russia. Here’s why
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