RUSSIA BUSINESS UKRAINE CONFLICT

McDonald's to sell entire Russia business to local buyer

epa09951157 A view of a closed McDonald's restaurant in St. Petyersburg, Russia, 16 May 2022. US global fast food franchise on 16 May 2022 in a press release announced that it "will exit the Russian market and has initiated a process to sell its Russian business." On 24 February, Russian troops invaded Ukrainian territory starting a conflict that has provoked destruction and a humanitarian crisis. According to the UNHCR, more than six million refugees have fled Ukraine and a further 7.7 million people have been displaced internally within Ukraine since. EPA/ANATOLY MALTSEV

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