McDonald's says closing stores in Russia will cost it $50 mn per month

McDonald's on Wednesday said closing stores in Russia in response to the Russia-Ukraine war will cost the fast food chain $50 million a month. McDonald's owns 84% of its Russian locations itself and said it'll continue to pay its 62,000 staff and restaurant employees in Russia. "This is a really challenging and complex situation for...us," said McDonald's CFO Kevin Ozan.