Burger King is negotiating to divest their 15% equity in the Russian company holding the master franchise for the Brand. Partners include oligarch Alexander Kolobov and VTB Capital and other institutions currently under international sanction. The consortium operates 800 Burger King restaurants in Russia. As an immediate response to the invasion of Ukraine by the Russian Federation, Burger King suspended support for the company.
According to David Shear, International President of Burger King, Kolobov has refused to close restaurants as requested, but Burger King is unable to enforce this action as a minority shareholder. The Company has committed to direct profits from Russian business, if any, to the United Nations Refugee Agency. The company has already made a donation of $1 million to assist as many as three million Ukranian women, children and the elderly, who were forced to leave their homeland