McDonald's has begun the process of selling its restaurants in Russia after more than 30 years in the country. The Chicago burger giant said Alexander Govor, who operates 25 restaurants in Siberia, has agreed to buy McDonald's 850 Russian restaurants and operate them under a new name.
McDonald's did not disclose the sale price. The company said on Monday that it would leave Russia after its invasion of Ukraine.
The sale agreement is subject to regulatory approval and is expected to close within a few weeks, McDonald's said.
