Companies Are Getting Out of Russia, Sometimes at a Cost

On Monday, Starbucks announced it was closing its 130 stores in Russia and would halt shipment of any Starbucks products to the country. The coffee chain said it would support its roughly 2,000 workers in Russia as they “transition to new opportunities outside of Starbucks.”

After the Russian president, Vladimir V. Putin, ordered the invasion of Ukraine on Feb. 24, multinational companies have been forced to re-examine their ties with Russia. Some, like McDonald’s, PepsiCo and Shell, had built relationships with the country over decades and were faced with untangling complicated deals.

Some Western companies, after at first taking temporary measures, have revised their plans and decided to exit the country completely. And some that have begun the process of withdrawing from Russia have revealed the financial cost to their businesses.

Here are some of the actions that businesses have announced regarding their Russia operations: Read more

@nytimes