McDonald's to sell Russia business, exit country after 30 years

McDonald's is closing its doors in Russia, ending an era of optimism and increasing the country's isolation over its war in Ukraine.The American burger giant confirmed on Monday that it is selling its 850 restaurants in Russia.McDonald's said it will seek a buyer who will employ its 62,000 workers in Russia, and will continue to pay those workers until the deal closes.McDonald's said it's the first time the company has ever "de-arched," or exited a major market.It plans to start removing golden arches and other symbols and signs with the company's name.McDonald's said it will also will keep its trademarks in Russia and take steps to enforce them if necessary.

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