Starbucks closes all its cafes in Russia

Coffee giant Starbucks says it has exited Russia and will no longer have a brand presence there, according to a press release on Monday,  reports citing RIA Novosti.

The coffee company says it has been operating in Russia for 15 years and has now closed its 130 licensed cafes in the country. Starbucks joins other companies like McDonald’s and Exxon Mobil in taking its business completely out of Russia. 

Starbucks says it will “support” its nearly 2,000 workers in Russia, including pay for six months and assistance for partners to transition to new opportunities outside of Starbucks. 

This comes after Starbucks CEO Kevin Johnson said in March that it had suspended all business activity in Russia, including shipment of all Starbucks products. 

You Might Also Like