By Elena Fabrichnaya MOSCOW (Reuters) - A U.S. sanctions authority delayed for months KFC's exit from Russia this year after commenting on an
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWatch onMOSCOW - A U.S. sanctions authority delayed for months KFC's exit from Russia this year after commenting on an"exit tax" for departing foreign firms when the deal was on the cusp of completion, according to the owner of the master franchise in Russia.
The delay provides another illustration of how corporate exits have become more complicated as Russia has tightened restrictions. Executives say that navigating the rules is becoming harder. Yum! Brands in April finalised its exit from Russia, transferring master franchise rights to Smart Service, a local franchisee led by businessmen Konstantin Kotov and Andrey Oskolkov. The deal included all its Russian KFC restaurants, operating system and the trademark for the Rostic's brand. The price was not disclosed.
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