McDonald's to get out of Russia in a $1.4 billion departure

McDonald's to get out of Russia in a $1.4 billion departure

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McDonald's Corp. said it will exit its operations in Russia and sell all of its restaurants there in a move that could cost the burger giant up to $1.4 billion. The Chicago-based burger giant (NYSE: MCD) said Monday that after operating in Russia for 30 years, it will exit the Russian market and has initiated a process to sell its Russian business. The decision follows the company's move in March temporarily close all of its restaurants in Russia, where it employs 62,000 people. "The humanitarian…

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