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The Independent UK
The Independent UK
Business
Johanna Chisholm

McDonald’s lost $127m from shuttering restaurants in Russia and Ukraine

McDonald Russia United States Ukraine Kevin Ozan
Copyright 2019 The Associated Press. All rights reserved.

After bowing to international pressure to close its 850 stores in Russia last month, McDonald’s is feeling the crunch.

Those shutdowns, prompted by growing pressure to protest the eastern European country’s invasion of Ukraine, have cost the fast-food behemoth $127m, the company said in their first quarter report released Thursday.

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