McDonald's, KFC And Pizza Hut Join 200 Firms Abandoning Russia

KFC and Pizza Hut have suspended their operations in Russia. Yum Brands Inc., the parent firm of these fast-food chains, said on March 8 it was pausing investment in Russia and halting operations. Yum has at least 1,000 KFC and 50 Pizza Hut locations in Russia.

Photo Insert: McDonald's will be closing the doors of 850 restaurants in Russia permanently.

McDonald’s is also shutting its 850 restaurants in Russia. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s President and CEO Chris Kempckinski said.

The company said in a statement it will continue paying its 62,000 employees in Russia, Ukraine Daily reported on Mar. 9, 2022. It joins 200 companies dumping Russia, UK’s Mail Online, Reuters and the Associated Press (AP) also reported.

Kiev Independent also reported that the US aid package to Ukraine has been increased to $12 billion. The assistance will support Ukraine in dealing with humanitarian issues, such as buying food and supplies and will allow the country to increase military capabilities.

UK Prime Minister Boris Johnson also called on the leaders of the Visegrad Group — Poland, Hungary, Czech Republic, and Slovakia — to develop a fund for the reconstruction of Ukraine dubbed as the Marshall Plan for Ukraine.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic