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McDonald's will resume work in Russia under new brand in mid-June — source

More than 90% of the restaurant chain's suppliers are Russian, work with them will continue

MOSCOW, May 16. /TASS/. McDonald's plans to resume work in Russia under a new brand in mid-June, will retain jobs, relations with most suppliers, a chain of restaurants, and menus, a source in the company told TASS on Monday.

"McDonald's will return to Russia under a new brand in June, keeping the restaurant chain and the menu, as well as jobs. More than 90% of suppliers are Russian, work with them will continue. In fact, only the name will change," the agency's source said.

According to the company’s statement published on Monday on PR Newswire website, "After more than 30 years of operations in the country, McDonald's Corporation announced it will exit the Russian market and has initiated a process to sell its Russian business. This follows McDonald's announcement on March 8, 2022, that it had temporarily closed restaurants in Russia and paused operations in the market".

On March 8, McDonald's announced that it would temporarily close all its restaurants in Russia and suspend all operations in the Russian market due to events around Ukraine.