People gather outside a McDonald's restaurant, which was earlier closed for clients, in the Crimean city of Simferopol April 4, 2014. REUTERS/Stringer
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US fast food giant McDonald's said on Friday it was temporarily shutting its three stores in Crimea following the Ukrainian peninsula's annexation by Russia.McDonald's said in a statement posted on its Ukrainian website that the decision was taken "for manufacturing reasons beyond the company's control". But it also reflects a broader uncertainty among major Western companies about their future positions in Russia following the Kremlin's military intervention in Ukraine.Washington and the European Union have both imposed targeted punitive measures against Moscow officials and threatened broader economic sanctions that could affect the operations of McDonald's and other companies with a broader Russian presence.
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