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McDonald’s to Exit from Russia

corporate.mcdonalds.com

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Re: McDonald’s to Exit from Russia

#351

Post by roguas »

rightbyte wrote: post #346
kaba0 wrote: post #342

Earlier quoted context omitted.

Ruble is definitely not much stronger, it’s just practically frozen so it is not defined by free market rules, but by Russian government made ones.

I have seen a lot of people write this but I don't understand how. Shouldn't there be a black market rate in that case? Is there one? Some quick Googling gave no articles.

I am almost sure there is such market. If you visit Russia somehow, you are likely to exchange currency with citizen at beneficial rates. Chances are its very similar to pre iron curtain fall - people made fortunes in Poland on such exchanges. Same thing in Cuba, there were two currencies - one local, one for internationals(unsure how it is now).

Re: McDonald’s to Exit from Russia

#352

Post by dunkelheit »

rightbyte wrote: post #346
kaba0 wrote: post #342

Earlier quoted context omitted.

Ruble is definitely not much stronger, it’s just practically frozen so it is not defined by free market rules, but by Russian government made ones.

I have seen a lot of people write this but I don't understand how. Shouldn't there be a black market rate in that case? Is there one? Some quick Googling gave no articles.

There is not much use for dollars in Russia right now other than hoarding them (you can buy goods, but many imports are sanctioned). And after initial panic subsided, trust in the banking system looks quite high so people are less keen on hoarding cash.

Also, if you are an oligarch who plans to load your private plane with suitcases of dollars and fly to the Cayman islands, you are probably sanctioned, so that is out of question too.

Re: McDonald’s to Exit from Russia

#353

Post by moistly »

leros wrote: post #176
jnorthrop wrote: post #20

Earlier quoted context omitted.

I'm not sure who downvoted you. It is a good question. McDonald's and other consumer goods type companies are not sanctioned, so the company can sell its assets. For that matter they could continue to operate as normal in Russia if they choose.

It sounds like Russia might get declared a terrorist state soon. I assume that changes things.

As it should be.

https://www.dailymail.co.uk/news/article-10797707/Russian-br...

Re: McDonald’s to Exit from Russia

#354

Post by rightbyte »

roguas wrote: post #351
rightbyte wrote: post #346

Earlier quoted context omitted.

I have seen a lot of people write this but I don't understand how. Shouldn't there be a black market rate in that case? Is there one? Some quick Googling gave no articles.

I am almost sure there is such market. If you visit Russia somehow, you are likely to exchange currency with citizen at beneficial rates. Chances are its very similar to pre iron curtain fall - people made fortunes in Poland on such exchanges. Same thing in Cuba, there were two currencies - one local, one for internationals(unsure how it is now).

Ye. I mean just cutting out Forex middleman is beneficial.

It would be interesting to know the "real" rate to get the scope of the currency control.

Re: McDonald’s to Exit from Russia

#355

Post by barry-cotter »

heavenlyblue wrote: post #116
barry-cotter wrote: post #50

Earlier quoted context omitted.

It’s a statement about social class disguised as one about health. Note that the insecurity tells you that they’re on some level concerned that they’ll be confused with the kind of person who eats a lot of McDonald’s. Any time you see performative hatred of something ask who the performance is for.

More like “emotional health problems tied to someone else’s misattribution of you to the lower class”

Tomato tomatoe

Re: McDonald’s to Exit from Russia

#356

Post by jquery »

PolygonSheep wrote: post #349
adventured wrote: post #139

Earlier quoted context omitted.

It's about removing sanction: denying the Russians - particularly the urban Russians - their veneer of civilization, affluence, westernization. The notion that they had accomplished something material positive in regards to moving forward in the world among nations after the Soviet collapse. Sure they can clone brands, and sometimes they can clone products and services, you can also go to Walmart and buy Great Value…

> denying the Russians - particularly the urban Russians - their veneer of civilization, affluence, westernization. Yeah I feel very civilized, affluent, and Western when I walk into a McDonalds.

This is largely true in other countries. Affluence is relative but it’s seen as a very clean and consistent burger joint.

Re: McDonald’s to Exit from Russia

#357

Post by inawarminister »

jquery wrote: post #345
ogurechny wrote: post #309

Earlier quoted context omitted.

The scale of these delusions can only match the scale of Putin's delusions. How detached from real life should one be to reason about people as though they were homo economicus , pathetic humanoid consumers? Linking “brands” to “civilization” is just a widespread publicist cliche that is only observed in various “analysis” in media. When you look at what people actually did, there is no trace of such feeling. Those w…

this is pure copium and old fashioned antimodernist ranting. if it helps you sleep at night, great, but it wont work on everyone. some people dont appreciate their nation becoming north korea 2.0

North Korea 2.0 or just deAmericanized? The latter is a blessing.

Re: McDonald’s to Exit from Russia

#358

Post by inawarminister »

trasz wrote: post #165
throwaway121415 wrote: post #65

bet they still doin biz in china and shanghai though

How is China even remotely similar to an aggresive fascist state of Russia? (And can't help but notice this account has been created less than one hour ago)

Oh, unlike what talking heads in your TV claims, China is much more of an enemy to the "Free World" (American Empire) than Russia is...

But they are still fighting in the economic and cultural sphere, for now.

Re: McDonald’s to Exit from Russia

#359

Post by ellopoppit »

lillecarl wrote: post #22
paganel wrote: post #4

Thought they had already left. Good decision for Russia and for Russians' health, to be honest.

I don't think McDonalds & Co are such a big health-negative in other countries as it is in the US. I've never met someone who's obese from eating Maccas in Sweden, they're obese because they eat more calories than they burn. Calling a food unhealty is quite silly to me, anything is unhealty if you consume it in unhealty amounts. The above statements obviously exclude things like cyanide and other things designed to k…

>Calling a food unhealty is quite silly to me, anything is unhealty if you consume it in unhealty amounts.

>The above statements obviously exclude things like cyanide and other things designed to kill humans, I'd call them lethal.

How about sugar...?

https://youtu.be/dBnniua6-oM

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