McDonald’s will temporarily close its restaurants in Russia.
“McDonald’s has decided to temporarily close all of our restaurants in Russia and suspend all operations in the market,” CEO Chris Kempczinski said in a statement Tuesday.
McDonald’s had 847 stores in Russia at the end of last year, according to an investor filing.
Globally, most McDonald’s restaurants are operated by franchise operators. But that is not the case in Russia, where 84% of establishments are operated by the company, according to the document.
Russian restaurants, along with 108 others in Ukraine, all operated by McDonald’s, accounted for 9% of the company’s revenue in 2021, according to the document.
“In Russia, we employ 62,000 people who have put their heart and soul into our McDonald’s brand to serve their communities. We work with hundreds of local Russian suppliers and partners who produce the foods for our menu and support our brand,” said Kempczinski. “And we serve the millions of Russian customers every day who count on McDonald’s. In the more than thirty years that McDonald’s has operated in Russia, we have become an essential part of the 850 communities in which we operate.”
But, he added, “at the same time, our values mean that we cannot ignore the unnecessary human suffering unfolding in Ukraine.”
Several Western companies from multiple industries have halted their operations in Russia after the country’s attack on Ukraine.