mcdonald’s corp announced its decision to exit its business in russia after more than three decades due to that country’s attack on ukraine a move that complicates the burger giant’s growth plans according to globaldata “before the invasion russia – together with ukraine – generated around 9 of mcdonald’s revenue and accounted for 3 of operating income while mcdonald’s can take such a hit in its stride it will leave a hole in its growth plans that is not easily filled in the nearterm” wrote neil saunders managing director at globaldata mcdonald’s is looking for a local russian buyer and the name logo branding and menu will be removed from the sold locations it expects to take a primarily noncash charge of 12 billion to 14 billion “the fact that mcdonald’s owns most of its restaurants in russia means there is an asset rich business to sell however given the circumstances of the sale the financial challenges faced by potential russian buyers and the fact that mcdonald’s will not license its brand name or identity it is unlikely the sale price will be anywhere near the preinvasion book value of the business” globaldata said mcdonald’s mcd news comes after many companies announced their departure from the country or plans to otherwise cease business relations or investment there mcdonald’s previously announced the closure of its 850 locations in the region the company says it will continue to pay its workers until a deal is sealed see franchisees still operating in russia have generated backlash here’s why restaurant chains still favor this business model chief executive chris kempczinski said in monday’s letter that mcdonald’s has become convinced of its inability to do business there after asking a set of questions including “is our presence in the market brandenhancing to our global operations and does it make good business sense” “unfortunately the answer to each of these questions is currently no and i don’t see that changing for the foreseeable future” kempczinski said mcdonald’s stock is down 92 for the year to date while the dow jones industrial average djia has slumped 114 for the period