Restaurant Brands International entered the Russian market ten years ago through a 15% stake in a joint venture with Alexander Kolobov, Investment Capital Ukraine and VTB Bank affiliate VTB Capital.
RUSSIAN FAST-FOOD CHAIN REVEALS NEAR-IDENTICAL LOGO OF MCDONALD'S AFTER RESTAURANT SUSPENDS OPERATIONS
The commitment to close the restaurants was announced in response to the country's ongoing invasion of"When master franchise agreements and joint ventures are formed, there are extensive commitments to long-term investments and accountabilities to grow the business together.
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