McDonald's Left With Millions Of Dollars Of Russian Food It Can't Use. Here’s Why.

McDonald's is in a bind.

The fast-food titan announced last month that it would temporarily close its nearly 850 locations in Russia due to the country's invasion of Ukraine.

CNN reported that McDonald's cost the chain $127 million in the last quarter.

McDonald's said in a statement last month that it would continue to pay full salaries to all Ukrainian and Russian employees. The company gave $5 million to the Employee Assistance Fund.

Maintaining staff costs, along with payments for lease and supplies, cost the company $27 million. The other $100 million deficit was caused by food and other unused items.

The results included $100 million of costs for inventory in the company's supply chain that will likely be sold due to restaurants being temporarily closed.

Kevin Ozan, CFO of the company, said that they expect this to be temporary and that they don't take this decision lightly.

The company's plans for its locations in Russia and Ukraine have not been updated at this time.

McDonald's will continue to assess the situation and determine if additional measures are required. It is impossible to predict when we will be able to reopen our restaurants in Russia.