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Translated by : MOS Buddhism Team – Ronald Yan
According to Breitbart on May 16, McDonald’s announced that the company is leaving Russia and selling its Russian business following Moscow’s invasion of Ukraine.
McDonald’s CEO Chris Kempczinski said the dedication and loyalty to McDonald from its employees and hundreds of Russian suppliers made it a difficult decision to leave. … “However, our commitment to our values means that we can no longer keep the arches shining there.
The first McDonald’s restaurant in Russia opened in Moscow in January 1990, shortly after the fall of the Berlin Wall, which was in November 1989. It was a powerful symbol of the easing of Cold War tension between the United States and the former Soviet Union. Now, analysts said the company’s departure is symbolic of a new era, and it represents a new isolationism in Russia, and exposed the increased risks doing business there.
Proofread/Edited by: RD R
Chief Editor: Janibek L.
Posted by: Moli C.