Starbucks to Exit Russia, , Close 130 Licensed Locations.<br />On May 23, Starbucks announced <br />that it will exit the Russian market <br />after 15 years of operation. .<br />NBC reports that Starbucks has now joined <br />the ranks of western companies to withdraw <br />from Russia, including McDonald's and Exxon Mobil. .<br />NBC reports that Starbucks has now joined <br />the ranks of western companies to withdraw <br />from Russia, including McDonald's and Exxon Mobil. .<br />NBC reports that Starbucks has now joined <br />the ranks of western companies to withdraw <br />from Russia, including McDonald's and Exxon Mobil. .<br />Starbucks currently <br />has 130 locations <br />throughout Russia. .<br />NBC reports that all of those locations <br />are licensed and not operated directly <br />by the Seattle-based company. .<br />NBC reports that all of those locations <br />are licensed and not operated directly <br />by the Seattle-based company. .<br />According to Starbucks, the company <br />will continue to pay its nearly 2,000 Russian <br />workers for an additional six months.<br />The company also said that it will <br />help workers transition to new <br />opportunities outside of Starbucks.<br />NBC reports that Starbucks' business in Russia only accounts for 1% of the company's annual revenue. .<br />Meanwhile, McDonald's suspension of its operations <br />in Russia and Ukraine cost the company <br />$127 million in first quarter revenue.<br />Meanwhile, McDonald's suspension of its operations <br />in Russia and Ukraine cost the company <br />$127 million in first quarter revenue.<br />The Russian and Ukrainian <br />markets reportedly accounted <br />for 9% of McDonald's revenue in 2021. .<br />The fast-food chain <br />operated approximately <br />850 restaurants in Russia. .<br />On May 19, McDonald's announced it would be selling those locations to a Siberian franchisee, who will then operate them under a new brand.<br />On May 19, McDonald's announced it would be selling those locations to a Siberian franchisee, who will then operate them under a new brand
