McDonald's 'de-arching' in Russia begins as Starbucks announces exit

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McDonald's 'de-arching' in Russia begins as Starbucks announces exit
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McDonald's and Starbucks announced they are leaving the country following other foreign businesses that have pulled up stakes over Moscow's invasion of Ukraine.

announced they are leaving the country following other foreign businesses that've pulled up stakes over Moscow's invasion of Ukraine.

The company's most-recent quarterly and annual filings with the U.S. Securities and Exchange Commission do not state how much business Starbucks does in Russia and how its withdrawal will affect its bottom line. "Through this dynamic situation, we will continue to make decisions that are true to our mission and values and communicate with transparency," he said.

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