McDonald’s profits fall by 46% and its revenue falls by 3% in Q2 2022 following the company’s exit from Russia.
The economic impact of the 2022 Russian invasion of Ukraine began in late February 2022, in the days after the Russian Federation recognized two breakaway Ukrainian republics and commenced a large-scale conflict in Ukraine. The subsequent economic sanctions have targeted large parts of the Russian economy, Russian oligarchs, and members of the Russian government.