Business is booming.

Starbucks will exit Russia in about 15 years

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The Seattle-based company, which has 130 stores operated by Alshaya Group in Russia and employs about 2,000 employees, closed all its stores in Russia in March and stopped all commercial activities there after the Russian invasion of Ukraine.

EXITS ARE COMING IN CASE OF CONSEQUENCE

Another US company, McDonald’s, announced that it started working to exit the Russian market last week, after taking the decision to close 847 stores in Russia, including its symbolic store in Pushkin Square, in March.

Starbucks, which opened its first branch in Russia in 2007, announced that it will support its employees for six months, including salary payments.

The company did not disclose the financial impact of its exit from the Russian market.

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