It was updated on Mar 8, 2022.
Chris Kempczinski, CEO of McDonald's, said Tuesday that the company is closing all of its stores in Russia because of the attack on Ukraine.
There is a McDonald's restaurant in Moscow. The photo was taken by Vladimir GerdoTASS.
Kempczinski said in an email to employees that McDonald's will continue to pay its 62,000 employees in Russia and that it will pay full salaries to employees in Ukraine after it temporarily shut down stores there.
The ongoing fighting in Ukraine and the resulting humanitarian crisis have caused untold suffering to innocent people, according to Kempczinski.
McDonald's has around 84% of its stores in Russia, according to a recent filing.
According to the filing, Russia and Ukraine accounted for 9% of McDonald's revenue.
McDonald's came under fire for continuing to operate in the country while a host of other Western companies have pulled out, with pressure growing on other Western companies. The New York State Comptroller sent a letter to companies that had yet to take action in Russia, urging them to stop operations there.
McDonald's will temporarily close 850 stores in Russia.
McDonald's has more exposure to Russia than other U.S. fast-food chains.
McDonald's and Coca-Cola are being boycotted over Russia.
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