After the attack on Ukraine, the screws are being tightened on Russia to weaken the economic situation. McDonald’s has now decided to close all its restaurants in Russia, taking a big step due to the attack on Ukraine. More than 800 restaurants of American company McDonald’s were operating in Russia, which will be temporarily closed.
McDonald’s decision comes at a time when Russia is attacking Ukraine and inflicting heavy losses. Many countries including America have announced economic sanctions on Russia for attacking Ukraine. US President Joe Biden announced on Tuesday that the US would impose sanctions on all oil imports from Russia in response to Russia’s attack on Ukraine, intending to further weaken its economy, but acknowledged that it would hurt Americans, especially The cost at the gas pump will increase.
This action comes after Ukrainian President Volodymyr Zelensky appealed to the authorities of the US and Western countries to cut imports. Despite severe sanctions on Russia’s financial sector, oil exports have kept cash flows there. ‘We will not be a part of ‘subsidizing’ Putin’s war, Biden declared. He described the new action as a strong blow against Russia raising funds for this ongoing war.
He said that Americans would face rising prices, protecting liberties would be costly. Biden said the US was working in consultation with European allies, which are more dependent on Russian energy supplies.