Ticker
McDonald's to sell up and exit Russia
By EUobserver
Iconic Western fast-food chain McDonald's on Monday set out detailed plans for exiting Russia due to its war on Ukraine, saying it will sell all its restaurants there and not allow franchises to use its brand or logo. "It is impossible to ignore the humanitarian crisis caused by the war in Ukraine," CEO Chris Kempczinski said, while voicing sympathy for former Russian employees who will lose their jobs.