Mcdonald’s may continue its operation even after the sanction on Russian stores using trademark loopholes. Mcdonald’s announced it would close all of its 850 locations but would continue to pay its employees in Russia after Putin invades Ukraine.
On hearing this many took this to websites and started to sell Mcdonald’s meals and Condiments at an inflated price with one meal at the rate of $1137.
This weekend, Russia released a decree stating that it has effectively ended the patent protection for companies of countries that are unfriendly to Russia. Intellectual property solicitor Josh Gerban said, ” Take those McDonald’s that got shut down and just let local operators operate the restaurant and call them McDonald’s.” This is one of the trademark loopholes to
There are already sanctions that Pull Russia’s oil and gas industry away. The probability of putting restrictions on trademarks is increased. Dozens of major businesses have already stopped their operations in Russia and most of them are American companies.
