Starbucks quits Russian market amid war in Ukraine, to pay all employees for 6 months

American Coffee Chain Starbucks has decided to call it quits in Russian Federation as President Vlimir Putin’s war in Ukraine has completed three months. While it has alrey halted its shipment to country’s market back in March, Starbucks has now announced that it will entirely quit Russian market. decision has me it latest western multinational chain to leave country in protest of bloodshed in Ukraine. Or prominent food chains, including McDonald's, KFC and Pizza Hut have alrey left. 

Notably, Starbucks said that despite leaving, it will continue to pay its nearly 2,000 staff for next six months. While firm stopped short of stating financial effect that decision will have, it stressed that it would provide assistance to its staff "to transition to new opportunities outside of Starbucks". Notably, Starbucks opened its first outlet in Russia in 2007 and since n business has spiralled to 130 coffee shops. On Monday, it said that it h now "me decision to exit and no longer have a brand presence in market".

McDonald's Start selling its Russian business

This comes as McDonald's said that it has started process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it latest major Western corporation to exit Russia since it inved Ukraine in February.  fast food giant pointed to humanitarian crisis caused by war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.” 

Chicago-based company announced in early March that it was temporarily closing its stores in Russia but would continue to pay employees. On Monday, it said it would seek to have a Russian buyer hire those workers and pay m until sale closes. It did not identify a prospective buyer.

Meanwhile, in latest development on ongoing war, Pentagon said that it was weighing an option of deploying US military’s Special Forces to Kyiv to guard newly reopened embassy and American diplomats. US President Joe Biden will be presented with a proposal in weeks ahe, though document hasn’t been dispatched to Defence Secretary Lloyd Austin, or Chairman of Joint Chiefs of Staff Army General Mark Milley or Biden State Department officials are also considering restoring a Marine security guard detachment in Kyiv, stating that provision is similar to security at American embassies, worldwide. 

(Image: AP/StarbucksRussia/Twitter)