McDonald’s has said it will permanently leave Russia after 30 years and has started to sell its restaurants there.
The fast food giant said it made the decision because of the “humanitarian crisis” and “unpredictable operating environment” caused by the Ukraine war.
The chain opened in Moscow in 1990 as the Soviet Union was opening its economy to Western brands and its exit carries similar symbolic weight.
In March McDonald’s temporarily closed its 850 restaurants in the country.
The company said it was now pursuing the sale of all its restaurants in Russia to a local buyer and intended to start the process of “de-arching” the sites so they no longer use the McDonald’s name, branding and menu.
However, it said it would continue to keep its trademarks in Russia.