McDonald's announces that it has begun the process of selling all of its restaurants in Russia citing the "humanitarian crisis caused by the war in Ukraine", as the reason for ending operations in the country after 32 years. It is later announced that these restaurants will reopen under a new brand in mid-June, and that their menus will be retained. (Reuters)(TASS)
The Russian ruble approaches a 5-year high against the Euro to become "the world's best-performing currency so far this year" as foreign currency supply exceeds demand. (Reuters)
In response, Russian PresidentVladimir Putin warns that Russia will react to the "expansion of military infrastructure" by NATO in Sweden and Finland, saying that "problems are being created for no reason at all. We shall react accordingly". (Sky News)