McDonald’s announced on Tuesday, March 8, that it will be closing down its stores in Russia. The burger joint said that all of its 850 locations in the country would temporarily cease operations, and the decision comes almost two weeks after Vladimir Putin ordered the Russian troops to attack Ukraine for invasion.
As mentioned in the Los Angeles Times, McDonald’s will continue to pay its staff in Russia despite the closure of its stores. All of its 62,000 employees will still receive their salaries, and this was personally confirmed by the fast-food chain’s president and chief executive officer, Chris Kempczinski, via an email to the workers.
In his memo to employees and franchisees, the McDonald’s chief said that members of the Russian staff have poured their heart and soul into the company’s brand. This suggests that this is Kempckinski’s reason for making the decision to continue with the payments even if the employees are not working for a while. He is saying the workers deserve to be paid for their dedication to serving the company.
Kempczinski further said that at the moment, it is hard to discern when McDonald’s operation in Russia is resuming. Right now, their concern is everyone’s safety due to the situation.
“In recent days, I have spoken with and heard from many in our System about our operations in Russia. The situation is extraordinarily challenging for a global brand like ours, and there are many considerations,” he said in the open letter. “For 66 years, we have operated with the belief that communities are made better when there’s a McDonald’s nearby.”
The CEO went on to add, “McDonald’s has operated in Russia, we have become an essential part of the 850 communities in which we operate. At the same time, our values mean we cannot ignore the needless human suffering unfolding in Ukraine.”
He also shared that the decision to temporarily close the 850 outlets and halt all operations in the market was done after closely consulting with the company’s chairman, Rick Hernandez, and the McDonald’s Board of Directors last week. Meanwhile, the company finally stopped its operations in Russia after drawing criticisms for not closing its business despite the war.


SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Thailand Inflation Remains Negative for 10th Straight Month in January
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 



