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Published in TZ Latest News 31 January, 2015 by The TZ Newswire Staff

McDonald’s to slow Russia expansion due to fall in rouble

McDonald’s Corp. (MCD.N) will open fewer new restaurants in Russia this year than last because a fall in the rouble has increased expansion costs and is hurting consumers, its Russian chief executive Khamzat Khasbulatov told Reuters. The rouble, hit by a drop in oil prices and Western sanctions over Ukraine, has fallen more than 50 percent since early 2014, fuelling inflation. Russia now faces its first recession since 2009.

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