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McDonald's to sell all restaurants in Russia.

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McDonald's said on May 16 that it was exiting the country after more than 30 years. After Russia launched its invasion of Ukraine, the world's largest fast-food chain decided in March to close its 847 restaurants in Russia, taking a hit of $55 million per month.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Russia's Finance Minister Anton Siluanov told Russian President Vladimir Putin on Aug. 27 that the country has lowered its annual economic growth forecast for 2025 from 2.5% to 1.5%, as the country's wartime economy continues to falter.

Ukraine has appointed former Deputy Prime Minister Olha Stefanishyna as its new ambassador to the U.S., President Volodymyr Zelensky announced on Aug. 27.

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It has been over seven months since U.S. President Trump took office, vowing to end Russia's war in Ukraine within 24 hours. The Kyiv Independent’s Francis Farrell explains why Trump's peace effort has failed so far — and what could happen next.

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