China News Service, May 24. According to comprehensive foreign media reports, on the 23rd local time, Starbucks announced that it will withdraw from the Russian market and end its 15-year operation.
According to reports, Starbucks also said it would continue to pay nearly 2,000 Russian employees for six months to help them find new jobs.
Starbucks has 130 stores in Russia.
In March, Starbucks had announced it was suspending all commercial activities in Russia.
Earlier on May 16, the American restaurant chain McDonald's also announced that the company had finally decided to withdraw from the Russian market.