Moscow doubles subsidies

Moscow has doubled the state support available for opening a fast food chain in the city to 5 million roubles ($63,000), a city spokeswoman told Reuters, hoping this will help plug the gap left by foreign fast food chains that suspended activities.

Western companies from McDonald’s and Starbucks to Deutsche Bank and Shell have stepped back from Russia, under pressure from customers and their governments to inflict an economic price on Moscow for its actions in Ukraine.

Russia calls its actions in Ukraine a ‘special operation’ that it says is not designed to occupy territory but to destroy its southern neighbour’s military capabilities and capture what it regards as dangerous nationalists.

Moscow city authorities have also doubled the total funds in the support programme to 1 billion roubles, they said on social media. 

Published in The Express Tribune, April 8^th, 2022.

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