After McDonald's closed its operations in Russia, a local company rebranded the fast-food giant's stores with the simple name "Tasty and that's it" reflecting how the country is trying to revive its economy within. USSC's Dr Gorana Grgic tells ABC TV: "For eight years ... Russia has been trying to substitute those goods they would normally import with domestically produced ones." However Dr Grgic said Russia still faces tough economic challenges following the attack on Ukraine. "We have seen blanket sanctions imposed on Russia's critical exports and we will see them kick in later in the year."