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3/8, 9:20 PM (Source: TeleTrader)
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Starbucks suspends operations in Russia

Starbucks Corporation said on Tuesday that it will halt its operation in Russia.

"Our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 partners in Russia who depend on Starbucks for their livelihood," CEO Kevin Johnson said in a letter published on March 4 and updated earlier today.

Earlier during the day, McDonald's Corporation revealed it will temporarily close all of its restaurants in Russia over its decision to invade Ukraine.

Baha Breaking News (BBN) / BU