“CHICAGO, May 16, 2022 – After more than 30 years of operations in the country, McDonald’s Corporation announced it will exit the Russian market and has initiated a process to sell its Russian business. This follows McDonald’s announcement on March 8, 2022, that it had temporarily closed restaurants in Russia and paused operations in the market. The humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald’s to conclude that continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald’s values.”McDonalds Press ReleaseOn a more practical investment level, the ongoing fracturing of international cooperation / codependence can’t be good for the individual economies. Can it? I’m thinking less innovation, higher production costs, higher inflation, more shortages and bottlenecks and more GDP devoted to various nations’ defense establishments.
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They'll be rebranded in patriotic colors as Burger Czar, selling the Big Boris and Fillet o' Beluga, among other things. Vladdy Meals(tm) for the kids, too!