Employees in the state, who number about 2,000, will receive their salaries for another six months. Starbucks will also help them find new jobs outside the company.
Starbucks first opened in Russia in 2007. As of March, it had 130 Russian locations, all owned and operated by a partner.
This step is followed by a similar step by McDonald’s.
McDonald’s later announced that it had entered into an agreement to sell the company to its current licensee, who would open restaurants with new brands.
At the time, then-CEO of Starbucks, Kevin Johnson, said, “We condemn the horrific attacks on Ukraine by Russia, and our hearts go out to all affected.”
CNN’s Jordan Valinsky contributed to this report
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