AIRLINK 177.75 Decreased By ▼ -18.90 (-9.61%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.60 Decreased By ▼ -0.09 (-1.35%)
FCCL 33.39 Increased By ▲ 0.37 (1.12%)
FFL 16.37 Decreased By ▼ -0.28 (-1.68%)
FLYNG 22.50 Increased By ▲ 0.05 (0.22%)
HUBC 125.99 Decreased By ▼ -1.30 (-1.02%)
HUMNL 13.76 Decreased By ▼ -0.14 (-1.01%)
KEL 4.73 Decreased By ▼ -0.03 (-0.63%)
KOSM 6.45 Increased By ▲ 0.08 (1.26%)
MLCF 42.50 Increased By ▲ 0.28 (0.66%)
OGDC 211.45 Decreased By ▼ -1.58 (-0.74%)
PACE 6.91 Decreased By ▼ -0.10 (-1.43%)
PAEL 40.45 Decreased By ▼ -0.42 (-1.03%)
PIAHCLA 17.40 Increased By ▲ 0.58 (3.45%)
PIBTL 8.32 Increased By ▲ 0.03 (0.36%)
POWER 8.90 Increased By ▲ 0.08 (0.91%)
PPL 183.00 Decreased By ▼ -0.57 (-0.31%)
PRL 37.94 Decreased By ▼ -0.33 (-0.86%)
PTC 24.00 Decreased By ▼ -0.07 (-0.29%)
SEARL 94.75 Decreased By ▼ -0.36 (-0.38%)
SILK 1.02 Increased By ▲ 0.02 (2%)
SSGC 39.75 Decreased By ▼ -0.56 (-1.39%)
SYM 17.85 Decreased By ▼ -0.36 (-1.98%)
TELE 8.71 Decreased By ▼ -0.02 (-0.23%)
TPLP 12.55 Increased By ▲ 0.34 (2.78%)
TRG 64.00 Decreased By ▼ -0.36 (-0.56%)
WAVESAPP 10.49 Increased By ▲ 0.05 (0.48%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,644 Decreased By -78.7 (-0.67%)
BR30 34,939 Decreased By -420.2 (-1.19%)
KSE100 112,643 Increased By 4.3 (0%)
KSE30 35,398 Decreased By -60.6 (-0.17%)

Russian authorities are not planning to close the McDonald's chain in the country, Deputy Prime Minister Arkady Dvorkovich was quoted saying on Saturday, after inspectors visited a number of restaurants run by the fast-food company. "No one is talking about it at all (a ban on McDonald's in Russia)," Dvorkovich was quoted saying by Itar-Tass news agency, in what could be a reprieve for the food chain, which considers Russia as one of its top markets.
Russia's food safety watchdog has launched inspections of McDonald's restaurants across the country against the backdrop of a standoff with the West over the Ukraine crisis and has closed three of its outlets in Moscow, citing breaches of sanitary regulations. The outlets were closed as Russia introduced a one-year embargo on meat, fish, dairy, fruit and vegetables from the United States, the EU, Canada, Australia and Norway, in retaliation for Western economic sanctions over Moscow's involvement in the Ukraine conflict.
A symbol of US capitalism, McDonald's operates 440 restaurants in Russia and considers the country one of its top seven markets outside the United States and Canada, according to its 2013 annual report. It opened its first restaurant in Russia, on a main Moscow thoroughfare, in 1990, just before the collapse of the Soviet Union. The outlet was one of the three restaurants that were closed by the authorities earlier this week.

Copyright Reuters, 2014

Comments

Comments are closed.