Fast-food giant says existing licensee will purchase and run 850 restaurants under a different name.
. Govor is acquiring all of the company's restaurants in Russia and will operate them under a different name. Terms of the deal, which is expected to close in a few weeks, were not disclosed.temporarily closing its stores in Russia
"However, we have a commitment to our global community and must remain steadfast in our values," Kempczinski said in a statement,"and our commitment to our values means that we can no longer keep the arches shining there." The first McDonald's in Russia opened in the middle of Moscow more than three decades ago, shortly after the fall of the Berlin Wall. It was a powerful symbol of the easing of Cold War tensions between the United States and Soviet Union.
On Monday, Renault gave its Russian assets to the Kremlin, both parties announced,"marking the first major nationalization since the onset of sanctions over Moscow's military campaign in Ukraine," Agence France-Presse said.
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