Starbucks leaving Russian market, closing 130 shops

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CGTN published this video item, entitled “Starbucks leaving Russian market, closing 130 shops” – below is their description.

For more:

https://news.cgtn.com/news/2022-05-24/Starbucks-leaving-Russian-market-closing-130-shops-1aiuUQYGOu4/index.html

Starbucks has decided to close its 130 stores and no longer maintain a brand presence in Russia. Starbucks joins McDonald’s, Netflix and Renault in permanently exiting the country. The company will pay its 2,000 Russian employees for six months and help them transition to new jobs.

#Starbucks #Russia

CGTN YouTube Channel

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About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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In This Story: Russia

Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.

Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.

The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.

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