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US Restaurant Chains Curb European Growth Plans in Wake of Russia’s Invasion of Ukraine

Still Facing Pandemic Challenges, Dining Chains Shut Russian Operations in Response to Ukraine Invasion
Russia was a major growth market for Yum Brands' KFC division in 2021 as the company opened more than 4,100 new restaurants worldwide. Above, a KFC restaurant in Plano, Texas. (CoStar)
Russia was a major growth market for Yum Brands' KFC division in 2021 as the company opened more than 4,100 new restaurants worldwide. Above, a KFC restaurant in Plano, Texas. (CoStar)
CoStar News
March 16, 2022 | 6:25 P.M.

The war in Ukraine has U.S.-based restaurant chain operators rethinking property expansion plans in Russia and other parts of Europe as industry leaders Yum Brands and McDonald’s join the list of iconic global companies shutting Russia-based operations in response to the invasion.

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