McDonald's has reached a deal to sell its Russia business to Russian businessman Alexander Govor, who is a licensee of the renowned multinational American fast-food chain.

ZBurger, Rusburger or Nashmak? Russians look for new name for McDonald's

To take a stance against the Russian "military operation" in Ukraine, global fast-food giant McDonald's Corp on Tuesday (March 8) announced that it would temporarily close all 847 of its restaurants in Russia.

Icon of post-Soviet Russia: Significance of McDonald's closure in Russia is huge, here's why

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ZBurger, Rusburger or Nashmak? Russians look for new name for McDonald's

Icon of post-Soviet Russia: Significance of McDonald's closure in Russia is huge, here's why