McDonald's is leaving Russia entirely due to the war in Ukraine

This was the first McDonald's restaurant in Russia in the 90s 2:47

(CNN) --

McDonald's announced Monday that it is selling its business in Russia, saying the "humanitarian crisis caused by the war in Ukraine and the precipitous unpredictable operating environment have led McDonald's to conclude that continued ownership of the business in Russia is no longer It's not sustainable, nor is it consistent with McDonald's values."

The company became a symbol of glasnost in action more than 30 years ago when it opened its first restaurant in Moscow.

But after temporarily closing more than 800 stores in Russia, he decided to leave the country entirely, according to a statement.

• McDonald's transformed Russia... now it's leaving the country

As part of the decision, the burger chain intends to sell its entire restaurant portfolio in Russia to a local buyer.

These measures include ensuring that McDonald's Russia employees continue to be paid and employed in the future.

“We have a commitment to our global community and we must remain firm in our values.

And our commitment to our values ​​means we can no longer keep the Arches shining there," McDonald's Chairman and CEO Chris Kempczinski said in the statement.

war in ukraine