No take-backsies As Putin vows support for Russian McDonald’s replacement, lawmakers move to strip foreign investors of their buyback rights

No take-backsies As Putin vows support for Russian McDonald’s replacement, lawmakers move to strip foreign investors of their buyback rights

At a meeting with business leaders on May 26, Russian President Vladimir Putin promised the management of Vkusno i tochka (the fast-food chain that replaced McDonald’s restaurants in Russia) that he would support the company if McDonald’s ever tried to return to the Russian market. Putin noted that while the “not entirely scrupulous partners” technically have the right to buy the company back, he would help sort out the agreement. “Remember the …