Starbucks announces its withdrawal from the Russian market due to the invasion of Ukraine

• Starbucks. File photo 

The American chain of coffee shops Starbucks announced a new this Monday its withdrawal from the Russian market, where it had been operating for 15 years, joining other companies such as McDonald’s or Exxon Mobil that have taken similar measures in reaction to the Russian invasion of Ukraine .

The string will close the string. 130 locations throughout the country,which contribute less than 1% of its annual income, according to a company statement.

The company had already announced the suspension of its commercial activities since the past March 8.

So, Starbucks underscored his condemnation “of Russia’s horrible attacks in Ukraine” and advanced that, as the situation evolved, he would continue to take action that was in line with his “values.”

Starbucks noted what will pay compensation of six months of salary to around 2,000 workers that the company has in Russia.

The fast food chain McDonald’s announced Last March, the temporary closure of its 850 stores in Russia and the freezing of its operations, which was a considerable blow given the implantation of the chain in the vast Russian territory.

The McDonald’s group announced last week he arrived to an agreement to sell his business in Russia to businessman and franchise partner Alexandr Govor, which will allow preserve tens of thousands of jobs.

“Under the terms of the agreement, Mr. Govor acquires the chain’s entire restaurant portfolio and will develop it under a new brand” , pointed out McDonald’s in a statement, which highlights that the Russian businessman has been a partner since 2015 and that 25 franchises opened by him operate in Siberia.