McDonald’s set to exit Kazakhstan on Russian war spillover
05.01.2023 12:00
McDonald's Corp is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported, citing people familiar with the matter, reported from Reuters.
The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian suppliers, the report said.
The company's licensee in Kazakhstan was forced to temporarily close its restaurants in November after cutting ties with Russian companies and running out of supplies, three sources with knowledge of situation had told Reuters.
The exit highlights the supply issues faced by many Kazakh businesses in the wake of Russia's invasion of Ukraine and the Western sanctions against Moscow that followed. Neighboring Russia is Kazakhstan's main trading partner.
www.anews.az
The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian suppliers, the report said.
The company's licensee in Kazakhstan was forced to temporarily close its restaurants in November after cutting ties with Russian companies and running out of supplies, three sources with knowledge of situation had told Reuters.
The exit highlights the supply issues faced by many Kazakh businesses in the wake of Russia's invasion of Ukraine and the Western sanctions against Moscow that followed. Neighboring Russia is Kazakhstan's main trading partner.
www.anews.az
Twitter
Follow us on Twitter
Photo
Video
