Russia: McDonald’s calls it quits after three decades

McDonald’s said this week it will exit Russia completely, said Lauren Hirsch in The New York Times. The fast-food giant said in March “it would temporarily close its operations there” as a result of Russia’s invasion of Ukraine. But the company said it now plans to sell its 850 restaurants 32 years after opening its first location in Moscow in 1990, shortly before the fall of the Soviet Union. “The Golden Arches shining above Pushkin Square heralded for many the beginning of a new era,” CEO Chris Kempczinski wrote. That era has ended.