McDonald’s to sell its Russian business

A McDonald’s restaurant in the centre of Dmitrov, a Russian town 75 km (47 miles) north of Moscow (AP)

McDonald’s said it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it the latest major western corporation to exit Russia since it invaded Ukraine in February.

The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values”.