News > Burger King partner ‘refuses’ to close 800 Russian locations
Burger King partner ‘refuses’ to close 800 Russian locations
The Outreach | 19/03/2022 10:44 PM | Click to read full article
Burger King entered Russia about a decade ago, operating the joint venture with Kolobov, Investment Capital Ukraine and VTB Capital, a Russian bank that has been hit with sanctions.
"There are no legal clauses that allow us to unilaterally change the contract or allow any one of the partners to simply walk away or overturn the entire agreement," Shear said.