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> Many Russian assets have already been seized, among them the Gazprom subsidiary in Germany Most Russian assets have been frozen, not seized. The German subsidiary made news for being an exception in that Germany took control of the subsidiary. But it’s still Gazprom’s property.
Are all of those mega yachts getting boarded not considered seized?
Edit: Usual Putinista downvotes. Get a life. Why do you support this evil man?
Wow thatt's pretty rough. Just recently I saw some old footage of when Russia opened to the West and all those 90's kids in Russia going to the first Mc Donalds opening there. Then again McDonalds is a good example of a lot of things that are just plain wrong about western culture... so no loss for Russia I guess.
> The Company intends to initiate the process of “de-Arching” those restaurants, which entails no longer using the McDonald’s name, logo, branding, and menu, though the Company will continue to retain its trademarks in Russia. Obviously they'd want to keep the trademark, otherwise they have no way to prevent those sold restaurants from "re-Arching" after the "de-Arching" :)
> Obviously they'd want to keep the trademark, otherwise they have no way to prevent those sold restaurants from "re-Arching" after the "de-Arching" :) If a country has gone sufficiently rogue to invade a neighbour, respect for property[0][1] - and by extension trademarks - appears to matter very little, at least for now? [0] https://edition.cnn.com/2022/03/16/business/russia-aircraft-... [1] https://www.bbc.com/news…
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Iraq was not a NATO operation, hence the term "coalition of the willing."
This is laughable on the same level as Putin when he denied that Russian troops are in Crimea. "These are just some people who bought their uniforms in the military store" "That was not a NATO operation but an operation carried out by NATO countries" Meanwhile for the whole world, NATO has waged war in Iraq. Yugoslavia before that. Lybia after that.
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> then maybe Gazprom's pipelines won't be Russian anymore. Germany already took over control of Gazprom Germania, with tanks and pipelines within Germany. So that isn't much of a threat. https://www.bundesnetzagentur.de/DE/Fachthemen/Elektrizitaet... (PDF, German language)
Not quite. It is still the property of Gazprom, but the control is exercised by the German authorities at the moment to ensure proper operations.
https://en.wikipedia.org/wiki/The_Lexus_and_the_Olive_Tree#G...
It seems that McDonald's closed stores that operated directly under their control. As a result, only stores in westert part of Russia were closed (in Moscow, Saint-Petersburg). The stores in Siberia (i.e. Novosibirsk) and in Moscow airports continued operating as usual, as they are working under franchaising. Even the mobile app continued functioning. So not much is going to change, I think. Hell, McDonalds is even o…
I think the suggestion is that they are going to remove the branding rights from the franchise owners “de-Arching” them. So there will be no McDonalds branded restaurants in Russia.
This is a surprisingly well-written, engaging corporate statement. Most statements are pretty bland and purely to the point but after reading this I thought I was reading news coverage of their exit not their own statement.
In Germany this is called "Gratismut" (gratis bravery). It's the current thing to hate Russia, so they don't lose anything by doing a passionate write-up about it. McDonald's also wants to convince you that they have any values, but in reality they have no problem with horrendous human rights violations in other countries.
A similar but more drastic example are the various communist revolutions in the 20th century. It was standard practice for the new governments to cancel any debts or obligations the previous government had and seize all sorts of foreign owned assets in country. That inevitably destroyed its diplomatic relations with many nations for decades.
So as you note, its not because McDonald's or any other corporation has morals, they are amoral entities. Its all just business and right now business in Russia is bad.
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McDonalds was one of the prime buyers of local meat and other agricultural goods. Them leaving the market = huge loses for farmers and companies. They have goods, they don't have a big buyer. Not to mention all McD's staff. They will sell their business and instead of McD you will get another just food brand but with broken logistics, business processes and so on.