McDonalds to sell its Russian business but try to keep its workers | The World

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ABC News (Australia) published this video item, entitled “McDonalds to sell its Russian business but try to keep its workers | The World” – below is their description.

Fast food giant McDonald’s and French carmaker Renault are the latest corporations to announce they’re leaving Russia over its invasion of Ukraine. Last month, president Vladimir Putin declared western sanctions had failed, pointing to the recovery of the rouble to pre-war levels after it briefly lost nearly half its value. Steven Hamilton, assistant professor of economics at George Washington University, tells The World there’s “no viable future” for the companies in Russia.

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.

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Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.

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