McDonald's has announced it will exit the Russian market and has begun the process of selling the business in the country after 30 years of operating restaurants there.
In March, the company announced it was temporarily closing about 850 restaurants in Russia in response to Ukraine's occupation of the country.
"The humanitarian crisis caused by the war in Ukraine and the unpredictable operating environment have led McDonald's to conclude that continued business ownership in Russia is no longer sustainable, nor is it in line with McDonald's values," it said. in the statement.
As part of McDonald's decision to leave, the company is "pursuing the sale of its entire McDonald's restaurant portfolio" in Russia to a local buyer.
McDonald's restaurants in Ukraine remain closed as the company continues to pay full salaries to its employees in the country./21Media