McDonald's left with millions of dollars of Russian food it can't use
CNN
McDonald's exit from Russia is costing it a lot of money — and food.
The company announced last month that it would temporarily close its restaurants in Russia because of the country's invasion of Ukraine. It also closed restaurants in Ukraine. Those shutdowns cost McDonald's $127 million last quarter.
McDonald's said in March that it would continue to pay its 62,000 Russian employees, despite shuttering operations in the country. CEO Chris Kempczinski added during a Thursday call with analysts that McDonald's is supporting Ukrainian employees too: "In both countries, we have continued to pay employees and provide additional support."
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