Starbucks withdraws name from Russia after 15 years
Starbucks is leaving Russia after 15 years, the latest Western corporation to quit the country after the war in Ukraine.
It said it would continue to pay nearly 2,000 staff working at its shops in the country for six months.US and Western allies responded to the war by hitting Russia with wide ranging economic sanctions aimed at isolating it economically and cutting it off from the global financial system. The rules make it difficult for Western companies to operate there.
The company had stopped shipments to Russia in March. It said it had now "made the decision to exit and no longer have a brand presence in the market".
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