McDonald's 'Temporarily' Shutters All Its Restaurants in Crimea

McDonald's announced that it has "temporarily" shut down all three of its restaurants in Crimea, the formerly autonomous region of Ukraine recently annexed by Russia.

The company said on Friday that it had no choice but to shutter its restaurants in the cities of Yalta, Simferopol and Sevastopol due to the "suspension of necessary financial and banking services," presumably a reference to United States-imposed sanctions against Russia that froze certain bank funds

"Like many other multi-national companies, McDonald's is currently evaluating potential business and regulatory implications which may result from the evolving situation in Crimea," the company said in a statement on its website. "We believe it is prudent and responsible to sort through these details thoroughly." Read more...