McDonalds To Open In Russian Far East

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Global fast food giant McDonalds plans to expand in Russia’s far east in December, opening restaurants in cities such as Khabarovsk and Vladivostok for the first time, the company said on Monday.

McDonald’s did not specify how many new restaurants would open in the region, but said the first phase would create around 300 jobs.

The first McDonald’s restaurant opened in Moscow on Jan. 31, 1990, in the final months of the Soviet Union.

“The development of a network of branches in Russia is one of the company’s top priorities. In 2020, the network is continuing to actively invest in Russia’s economy and widen its presence on the market,” McDonald’s said in a statement. “By the end of the year, we plan to open the 800th branch in the country.”

McDonald’s has over 750 restaurants in Russia, across 60 of the 80 Russian regions. The company’s total investments in Russia exceed $2.5 billion, while the average annual growth of investments by McDonalds in Russia is around 14%.

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Russia Briefing is written by Dezan Shira & Associates. The firm has 28 offices throughout Eurasia, including China, Russia, India, and the ASEAN nations, assisting foreign investors into the Eurasian region. Please contact Maria Kotova at russia@dezshira.com for Russian investment advisory or assistance with market intelligence, legal, tax and compliance issues throughout Asia.

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