Mcdi store closed in Russia after attack on Ukraine, line to eat last burger at 5 times the price

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Moscow: Since the invasion of Ukraine, many companies from Russia are withdrawing their business. In this connection, McDonald’s on Monday closed 850 of its restaurants. Many pictures are going on social media claiming this. Before the store closed, a crowd of Russians was seen outside the Mcdi. Many people ate the last burger by paying 5 times more. Earlier, Star Bucks, Coca-Cola, PepsiCo, KFC, Burger King have also closed their branches in Russia. The invasion of Ukraine has brought Russia to the brink of bankruptcy. Interest rates have doubled, the stock market has closed down and the Russian ruble has hit its all-time low. In contrast, military costs have increased manifold. The prices of imported goods are increasing. Russian citizens are becoming unable to spend a substantial amount on food. They are not allowed to convert any money they have into foreign currency. Small traders, who are facing difficulties due to raw material, are in huge losses. Estimates suggest the Russian economy could shrink by 7 per cent next year, compared to the two per cent projected before the invasion. Russia’s Finance Minister Anton Siluanov has said that nearly half of our country’s gold and foreign exchange reserves worth $640 billion have been frozen. Now Russia will pay the ruble to its debtors.

[Attribution to NBT]

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