Stars Coffee, anyone? A Starbucks successor is opening in Russia

Dmitry Serebryakov
A logo of a newly opened Stars Coffee coffee shop in the former location of the Starbucks coffee shop in Moscow, Russia, Thursday, Aug. 18, 2022. A new chain of coffee shops opens Thursday in Moscow, after Russian singer and entrepreneur Timur Yunusov, better known as Timati, together with Russian restaurateur Anton Pinskiy bought the Starbucks stores following company's withdrawal from Russia. (AP Photo/Dmitry Serebryakov)
MOSCOW (AP) — People in Moscow who were disappointed when Starbucks closed its coffee shops after Russia sent troops into Ukraine may now feel a caffeine jolt of hope: A nearly identical operation is opening in the capital.
The name’s almost the same: Stars Coffee. The logo could be the separated-at-birth twin of the Starbucks mermaid, with flowing hair, a small enigmatic smile and a star atop her head — though instead of a Starbucks crown she wears a Russian headdress called a kokoshnik.
The menu, judging by the company app introduced a day before the store’s formal opening Friday, would look familiar to any Starbucks customer.
Starbucks said Thursday it had no comment on the new stores.

Dmitry Serebryakov
People gather to visit a newly opened Stars Coffee coffee shop in the former location of the Starbucks coffee shop in Moscow, Russia, Thursday, Aug. 18, 2022. A new chain of coffee shops opens Thursday in Moscow, after Russian singer and entrepreneur Timur Yunusov, better known as Timati, together with Russian restaurateur Anton Pinskiy bought the Starbucks stores following company's withdrawal from Russia. (AP Photo/Dmitry Serebryakov)
Seattle-based Starbucks was one of the most visible of the wave of foreign companies that pulled out of Russia or suspended their operations in response to Russia’s military operation in Ukraine. Others include McDonald’s, IKEA and fast-fashion giant H&M.
The departure of these companies was a psychological blow to Russians who had become used to the comforts of Western-style consumer culture. But Russian entrepreneurs saw opportunity in suddenly unoccupied stores.
Former McDonald’s outlets are reopening and attracting sizable crowds under the name Vkusno — i Tochka. Though the name doesn’t roll off the tongue easily and is a little awkward to translate (roughly: It’s Tasty — Period), the menu is a testament to imitation being the sincerest form of flattery.
Yunus Yusupov, a popular rap artist who uses the stage name Timati, and restaurateur Anton Pinsky partnered to buy the Starbucks assets, then took the imitation strategy a step further by giving the operation an English-language name.

Dmitry Serebryakov
Russian singer and entrepreneur Timur Yunusov, better known as Timati, drinks coffee at a newly opened Stars Coffee coffee shop in the former location of the Starbucks coffee shop in Moscow, Russia, Thursday, Aug. 18, 2022. A new chain of coffee shops opens Thursday in Moscow, after Russian singer and entrepreneur Timur Yunusov, better known as Timati, together with Russian restaurateur Anton Pinskiy bought the Starbucks stores following company's withdrawal from Russia. (AP Photo/Dmitry Serebryakov)
At a news conference Thursday, they vowed to reopen all the former Starbucks under their new identity and even expand the business. The U.S. company had built its Russian operation to about 130 stores since entering the country in 2007. The stores were owned and operated by a franchisee, Alshaya Group of Kuwait.
While the close resemblance of the new operations to their predecessors could be seen as riding someone else’s inspiration and effort, the Starbucks and McDonald’s successors also fit a national-pride concept. Since Russia was walloped by sanctions and foreign pullouts, officials frequently assert that Russia will overcome by relying on its own resources and energies.
“Now the economic situation is difficult, but this is a time of opportunity,” Oleg Eskindarov, president of the holding company that partnered in the Starbucks deal, told the state news agency Tass. “For the past four months, we have been very actively looking at exiting companies following the example of Starbucks. There are several more similar examples, but we cannot talk about them yet.”
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestEmilio Morenatti
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestFelipe Dana
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestEfrem Lukatsky
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestEmilio Morenatti
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestFelipe Dana
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Nadiya Trubchaninova and her son Oleg Trubchaninov attend the funeral of her other son Vadym, who was killed by a Russian army gunshot on March 30, in Bucha on the outskirts of Kyiv, Ukraine, Saturday, April 16, 2022. (AP Photo/Emilio Morenatti)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestPetros Giannakouris
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestVadim Ghirda
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestEmilio Morenatti
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestEmilio Morenatti
Anna Shevchenko waters the few flowers that survived bombing in her garden in Irpin, near Kyiv, Ukraine, Tuesday, May 3, 2022. The house, built by Shevchenko's grandparents, was nearly completely destroyed by bombing in late March. "It is new life. So I tried to save my flowers," she said. (AP Photo/Emilio Morenatti)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestPetros Giannakouris
An elderly man lies at a hospice center in Chasiv Yar in the Donetsk district of Ukraine, Monday, April 18, 2022. At least 35 men and women were helped by volunteers to flee the region that has been under attack and taken to Khmelnytskyi in western Ukraine. (AP Photo/Petros Giannakouris)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestRodrigo Abd
A Ukranian soldier plays a pick-up game in Irpin on the outskirts of Kyiv, Ukraine, Saturday, April 2, 2022. (AP Photo/Rodrigo Abd)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestVadim Ghirda
An elderly woman is assisted to cross the Irpin River on an improvised path under a bridge that was destroyed by Ukrainian troops to slow the Russian military advance while fleeing the town of Irpin, Ukraine, Saturday, March 5, 2022. (AP Photo/Vadim Ghirda, File)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestFelipe Dana
Ukrainian firefighters work at a bombed apartment building in Kyiv, Ukraine, Tuesday, March 15, 2022. (AP Photo/Felipe Dana)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestFrancisco Seco
People wait in a car to be processed at a reception center for displaced people in Zaporizhzhia, Ukraine, Monday, May 2, 2022. (AP Photo/Francisco Seco)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestBernat Armangue
A picture of Russian President Vladimir Putin hangs at a target practice range in Lviv in western Ukraine, Thursday, March 17, 2022. (AP Photo/Bernat Armangue)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestNariman El-Mofty
The mother of 40-year-old Senior Lieutenant Oliynyk Dmytro, who was killed in combat, mourns his death as she walks behind his coffin during his funeral outside the Holy Apostles Peter and Paul Church in Lviv, western Ukraine, Saturday, April 2, 2022. (AP Photo/Nariman El-Mofty)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestVadim Ghirda
A man and child ride a bicycle through a street where civilian's bodies lie in the formerly Russian-occupied Kyiv suburb of Bucha, Ukraine, Saturday, April 2, 2022. (AP Photo/Vadim Ghirda)
Vadim GhirdaA man and child ride a bicycle through a street where civilian's bodies lie in the formerly Russian-occupied Kyiv suburb of Bucha, Ukraine, Saturday, April 2, 2022. (AP Photo/Vadim Ghirda)
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100 speeches in 100 days of war: Zelenskyy rallies Ukraine. Get the latestPetros Giannakouris
Anti-tank barricades block a street placed in preparation for a possible Russian offensive in Odesa, Ukraine, March 24, 2022. (AP Photo/Petros Giannakouris, File)
Petros GiannakourisAnti-tank barricades block a street placed in preparation for a possible Russian offensive in Odesa, Ukraine, March 24, 2022. (AP Photo/Petros Giannakouris, File)
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
McDonald's is temporarily closing its Russian restaurants. Eighty-four percent of McDonald's locations in Russia are operated by the company, according to the document. Russia's restaurants, along with another 108 in Ukraine, all operated by McDonald's, accounted for 9% of the company's revenue in 2021.
APMcDonald's is temporarily closing its Russian restaurants. Eighty-four percent of McDonald's locations in Russia are operated by the company, according to the document. Russia's restaurants, along with another 108 in Ukraine, all operated by McDonald's, accounted for 9% of the company's revenue in 2021.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
In a Tuesday message to employees, Starbucks CEO Kevin Johnson said that "today, we have decided to suspend all business activity in Russia."
He added that "our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 [employees] in Russia who depend on Starbucks for their livelihood."
Johnson added that Starbucks is halting shipment of all Starbucks products to Russia.
APIn a Tuesday message to employees, Starbucks CEO Kevin Johnson said that "today, we have decided to suspend all business activity in Russia."
He added that "our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 [employees] in Russia who depend on Starbucks for their livelihood."
Johnson added that Starbucks is halting shipment of all Starbucks products to Russia.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Coca-Cola said that it is "suspending its business in Russia."
The company stated that "our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine," adding that it will monitor the situation as things change.
APCoca-Cola said that it is "suspending its business in Russia."
The company stated that "our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine," adding that it will monitor the situation as things change.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Ford announced it was suspending its operations in Russia. The American automaker has a 50% stake in Ford Sollers, a joint venture that employs at least 4,000 workers and is shared with Russian company Sollers.
The company has plants in St. Petersburg, Elabuga and Naberezhnye Chelny but said it had "significantly wound down" its Russian operations in recent years. The automaker said it was "deeply concerned about the situation in Ukraine," and noted it has "a strong contingent of Ukrainian nationals working at Ford around the world."
APFord announced it was suspending its operations in Russia. The American automaker has a 50% stake in Ford Sollers, a joint venture that employs at least 4,000 workers and is shared with Russian company Sollers.
The company has plants in St. Petersburg, Elabuga and Naberezhnye Chelny but said it had "significantly wound down" its Russian operations in recent years. The automaker said it was "deeply concerned about the situation in Ukraine," and noted it has "a strong contingent of Ukrainian nationals working at Ford around the world."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
General Motors said it was halting all exports to Russia "until further notice."
GM doesn't have a significant presence there: It sells only about 3,000 vehicles a year through 16 dealerships, according to a spokesperson. That's out of the more than 6 million vehicles the Detroit-based automaker sells annually.
APGeneral Motors said it was halting all exports to Russia "until further notice."
GM doesn't have a significant presence there: It sells only about 3,000 vehicles a year through 16 dealerships, according to a spokesperson. That's out of the more than 6 million vehicles the Detroit-based automaker sells annually.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Toyota announced it would stop making cars in Russia or importing them to the country "until further notice, due to supply chain disruptions."
APToyota announced it would stop making cars in Russia or importing them to the country "until further notice, due to supply chain disruptions."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Volkswagen is stopping production of vehicles in Russia and has suspended exports to the Russian market. The decision applies to the Russian production sites in Kaluga and Nizhny Novgorod.
APVolkswagen is stopping production of vehicles in Russia and has suspended exports to the Russian market. The decision applies to the Russian production sites in Kaluga and Nizhny Novgorod.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Nissan has suspended the export of vehicles to Russia, adding that it "anticipates that production will stop soon at our plant in St. Petersburg."
APNissan has suspended the export of vehicles to Russia, adding that it "anticipates that production will stop soon at our plant in St. Petersburg."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Boeing said it would suspend support for Russian airlines.
A company spokesperson confirmed the aircraft maker was pausing "parts, maintenance and technical support services for Russian airlines," and had also "suspended major operations in Moscow and temporarily closed our office in Kyiv."
APBoeing said it would suspend support for Russian airlines.
A company spokesperson confirmed the aircraft maker was pausing "parts, maintenance and technical support services for Russian airlines," and had also "suspended major operations in Moscow and temporarily closed our office in Kyiv."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Airbus followed Boeing with a similar move. In a statement, the company said it has "suspended support services to Russian airlines, as well as the supply of spare parts to the country."
APAirbus followed Boeing with a similar move. In a statement, the company said it has "suspended support services to Russian airlines, as well as the supply of spare parts to the country."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Yum Brands, which has 1,000 KFC and Pizza Hut franchises in Russia, said it would suspend all investment and restaurant development in the country. The company said it would "assess additional options" and redirect all profits from operations in Russia to humanitarian efforts.
APYum Brands, which has 1,000 KFC and Pizza Hut franchises in Russia, said it would suspend all investment and restaurant development in the country. The company said it would "assess additional options" and redirect all profits from operations in Russia to humanitarian efforts.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
PepsiCo CEO Ramon Laguarta laid out how PepsiCo is approaching the situation.
"Given the horrific events occurring in Ukraine we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda." Laguarta added that Pepsi is suspending capital investments, ads and promotional activity in Russia.
But PepsiCo will continue to sell some of its products, including baby formula, baby food, milk and other dairy options.
APPepsiCo CEO Ramon Laguarta laid out how PepsiCo is approaching the situation.
"Given the horrific events occurring in Ukraine we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda." Laguarta added that Pepsi is suspending capital investments, ads and promotional activity in Russia.
But PepsiCo will continue to sell some of its products, including baby formula, baby food, milk and other dairy options.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaRemy de la Mauviniere
Ikea, the world's largest furniture company, is closing its 17 stores in Russia. The company said the conflict is having a "huge human impact" and is "resulting in serious disruptions to supply chain and trading conditions." In addition to pausing its retail and manufacturing operations in Russia, it will suspend all trade with the country and its ally, Belarus.
Ikea said 15,000 workers would be directly affected by the shutdown in the region. The company will continue to pay them, at least for the time being.
Remy de la MauviniereIkea, the world's largest furniture company, is closing its 17 stores in Russia. The company said the conflict is having a "huge human impact" and is "resulting in serious disruptions to supply chain and trading conditions." In addition to pausing its retail and manufacturing operations in Russia, it will suspend all trade with the country and its ally, Belarus.
Ikea said 15,000 workers would be directly affected by the shutdown in the region. The company will continue to pay them, at least for the time being.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
UPS and FedEx have suspended operations in Russia and Belarus. FedEx said it suspended operations to "support the people of Ukraine." DHL said it has suspended inbound shipments to Russia and Belarus.
APUPS and FedEx have suspended operations in Russia and Belarus. FedEx said it suspended operations to "support the people of Ukraine." DHL said it has suspended inbound shipments to Russia and Belarus.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
UPS and FedEx have suspended operations in Russia and Belarus. FedEx said it suspended operations to "support the people of Ukraine." DHL said it has suspended inbound shipments to Russia and Belarus.
APUPS and FedEx have suspended operations in Russia and Belarus. FedEx said it suspended operations to "support the people of Ukraine." DHL said it has suspended inbound shipments to Russia and Belarus.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Apple has stopped selling its products in Russia.
The tech giant said in a statement that it was "deeply concerned" about the Russian invasion. In response, the company has also moved to limit access to digital services, such as Apple Pay, inside Russia, and restricted the availability of Russian state media applications outside the country.
APApple has stopped selling its products in Russia.
The tech giant said in a statement that it was "deeply concerned" about the Russian invasion. In response, the company has also moved to limit access to digital services, such as Apple Pay, inside Russia, and restricted the availability of Russian state media applications outside the country.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Facebook-parent Meta said it would block access to Russian news outlets Sputnik and RT, the Russia-backed television network infamous for promoting Russian President Vladimir Putin's agenda, across the European Union.
The move comes after the company received "requests from a number of governments and the EU to take further steps in relation to Russian state controlled media," Nick Clegg, Meta's VP of global affairs, wrote in a tweet.
Meta has also said it has applied algorithmic restrictions on Russian state media that should prevent those posts from surfacing as prominently in users' feeds.
APFacebook-parent Meta said it would block access to Russian news outlets Sputnik and RT, the Russia-backed television network infamous for promoting Russian President Vladimir Putin's agenda, across the European Union.
The move comes after the company received "requests from a number of governments and the EU to take further steps in relation to Russian state controlled media," Nick Clegg, Meta's VP of global affairs, wrote in a tweet.
Meta has also said it has applied algorithmic restrictions on Russian state media that should prevent those posts from surfacing as prominently in users' feeds.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Twitter has similarly announced plans to "reduce the visibility and amplification" of Russian state media content.
APTwitter has similarly announced plans to "reduce the visibility and amplification" of Russian state media content.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Netflix said it will be suspending its streaming service in Russia.
"Given the circumstances on the ground, we have decided to suspend our service in Russia," a Netflix spokesperson told CNN.
No other details were provided.
Previously, the company said it was refusing to air Russian state TV channels — something that the platform would have been required to do starting this week under Russian law.
"Given the current situation, we have no plans to add these channels to our service," the company told CNN Business.
APNetflix said it will be suspending its streaming service in Russia.
"Given the circumstances on the ground, we have decided to suspend our service in Russia," a Netflix spokesperson told CNN.
No other details were provided.
Previously, the company said it was refusing to air Russian state TV channels — something that the platform would have been required to do starting this week under Russian law.
"Given the current situation, we have no plans to add these channels to our service," the company told CNN Business.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Spotify said it has closed its office in Russia "indefinitely" and restricted shows "owned and operated by Russian state-affiliated media." The streaming service removed all content from RT and Sputnik in Europe and other regions, a company spokesman said.
"We are deeply shocked and saddened by the unprovoked attack on Ukraine," the spokesman added. "Our first priority over the past week has been the safety of our employees and to ensure that Spotify continues to serve as an important source of global and regional news at a time when access to information is more important than ever."
APSpotify said it has closed its office in Russia "indefinitely" and restricted shows "owned and operated by Russian state-affiliated media." The streaming service removed all content from RT and Sputnik in Europe and other regions, a company spokesman said.
"We are deeply shocked and saddened by the unprovoked attack on Ukraine," the spokesman added. "Our first priority over the past week has been the safety of our employees and to ensure that Spotify continues to serve as an important source of global and regional news at a time when access to information is more important than ever."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Roku, which sells hardware allowing users to stream content through the internet, has banned RT worldwide.
APRoku, which sells hardware allowing users to stream content through the internet, has banned RT worldwide.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
YouTube, which is owned by Google, said it blocked Russian state media within Ukraine, including RT. The video platform also said it would be "significantly limiting recommendations to these channels."
APYouTube, which is owned by Google, said it blocked Russian state media within Ukraine, including RT. The video platform also said it would be "significantly limiting recommendations to these channels."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Google and YouTube have also said they will no longer allow Russian state media outlets to run ads or monetize their content.
APGoogle and YouTube have also said they will no longer allow Russian state media outlets to run ads or monetize their content.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Airbnb cofounder and CEO Brian Chesky said in a tweet that his company was suspending all operations in Russia and Belarus.
APAirbnb cofounder and CEO Brian Chesky said in a tweet that his company was suspending all operations in Russia and Belarus.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Intel has stopped all shipments to Russia and Belarus, the company announced.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Microsoft said it was suspending all new sales of its products and services in Russia. President and vice-chair Brad Smith also said the company is stopping "many aspects" of its business in Russia in compliance with government sanctions. Microsoft also said it will continue aiding in Ukrainian cybersecurity.
APMicrosoft said it was suspending all new sales of its products and services in Russia. President and vice-chair Brad Smith also said the company is stopping "many aspects" of its business in Russia in compliance with government sanctions. Microsoft also said it will continue aiding in Ukrainian cybersecurity.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
IBM CEO Arvind Krishna said the company has suspended all business in Russia.
"In Ukraine, we have been in constant touch with our local teams and continue to provide assistance that includes relocation and financial support," Krishna said. "The safety and security of IBMers and their families in all areas impacted by this crisis remains our top priority."
APIBM CEO Arvind Krishna said the company has suspended all business in Russia.
"In Ukraine, we have been in constant touch with our local teams and continue to provide assistance that includes relocation and financial support," Krishna said. "The safety and security of IBMers and their families in all areas impacted by this crisis remains our top priority."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Amazon's cloud division, Amazon Web Services, said March 8 it would halt new sign-ups for the service in Russia and Ukraine. The company has already had a "long-standing policy of not doing business with the Russian government" and does not have data centers, infrastructure or offices in Russia, the company said in a blog post.
"AWS has clear terms of service where if a customer is using AWS services to threaten, incite, promote, or actively encourage violence, terrorism, or other serious harm, they will not be permitted to use our services," Amazon said. "Any customer we know of who is participating in this type of behavior will have their access to AWS suspended."
APAmazon's cloud division, Amazon Web Services, said March 8 it would halt new sign-ups for the service in Russia and Ukraine. The company has already had a "long-standing policy of not doing business with the Russian government" and does not have data centers, infrastructure or offices in Russia, the company said in a blog post.
"AWS has clear terms of service where if a customer is using AWS services to threaten, incite, promote, or actively encourage violence, terrorism, or other serious harm, they will not be permitted to use our services," Amazon said. "Any customer we know of who is participating in this type of behavior will have their access to AWS suspended."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
BP said it was planning to exit its 19.75% stake in Russia's biggest oil company, Rosneft, and suspending their joint ventures — which amount to one of the biggest foreign investments in Russia.
APBP said it was planning to exit its 19.75% stake in Russia's biggest oil company, Rosneft, and suspending their joint ventures — which amount to one of the biggest foreign investments in Russia.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Exxon pledged to leave its last remaining oil-and-gas project in Russia and not to invest in new developments in the country.
The Sakhalin-1 venture is "one of the largest single international direct investments in Russia," according to the project's website. An Exxon subsidiary has a 30% share, while Rosneft also owns a stake.
By quitting this project, Exxon would end more than a quarter-century of continuing business presence in Russia.
APExxon pledged to leave its last remaining oil-and-gas project in Russia and not to invest in new developments in the country.
The Sakhalin-1 venture is "one of the largest single international direct investments in Russia," according to the project's website. An Exxon subsidiary has a 30% share, while Rosneft also owns a stake.
By quitting this project, Exxon would end more than a quarter-century of continuing business presence in Russia.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
General Electric suspended most of its operations in Russia, with the exception of "providing essential medical equipment and supporting existing power services."
APGeneral Electric suspended most of its operations in Russia, with the exception of "providing essential medical equipment and supporting existing power services."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Shell is getting out of Russia and ditching its joint ventures with Gazprom, including its involvement with the moribund Nord Stream 2 natural gas pipeline.
The UK-based oil company said on February 28 it would dump its stake in a liquified natural gas facility, its stake in a project to develop fields in western Siberia and its interest in an exploration project in the Gydan peninsula in northwestern Siberia.
"We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security," Shell CEO Ben van Beurden said in a statement.
Shell has also decided to stop buying Russian oil and gas and will close its service station network.
APShell is getting out of Russia and ditching its joint ventures with Gazprom, including its involvement with the moribund Nord Stream 2 natural gas pipeline.
The UK-based oil company said on February 28 it would dump its stake in a liquified natural gas facility, its stake in a project to develop fields in western Siberia and its interest in an exploration project in the Gydan peninsula in northwestern Siberia.
"We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security," Shell CEO Ben van Beurden said in a statement.
Shell has also decided to stop buying Russian oil and gas and will close its service station network.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
TotalEnergies also condemned Russia's actions and said it would no longer provide capital for new projects in the country.
The French oil giant has done business in Russia for 25 years, and recently helped launch a major liquefied natural gas project on the Siberian coast.
APTotalEnergies also condemned Russia's actions and said it would no longer provide capital for new projects in the country.
The French oil giant has done business in Russia for 25 years, and recently helped launch a major liquefied natural gas project on the Siberian coast.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Mastercard said it was suspending its network services in Russia. Cards supported by Russian banks will not work in the company's network, and any cards issued outside of Russia will not work within the country.
The credit giant, which has operated in Russia for more than 25 years, had previously announced that it had "blocked multiple financial institutions" from its network as a result of anti-Russian sanctions, and would "continue to work with regulators in the days ahead."
Visa said it is suspending all of its operations in Russia. It will end all Visa transactions within its borders, and Visa cards issued in Russia will no longer work outside of the country. In addition, all Visa cards worldwide "will no longer work within the Russian Federation," Visa said.
APMastercard said it was suspending its network services in Russia. Cards supported by Russian banks will not work in the company's network, and any cards issued outside of Russia will not work within the country.
The credit giant, which has operated in Russia for more than 25 years, had previously announced that it had "blocked multiple financial institutions" from its network as a result of anti-Russian sanctions, and would "continue to work with regulators in the days ahead."
Visa said it is suspending all of its operations in Russia. It will end all Visa transactions within its borders, and Visa cards issued in Russia will no longer work outside of the country. In addition, all Visa cards worldwide "will no longer work within the Russian Federation," Visa said.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
American Express said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won't work outside the country. The company also said it is ending its business operations in Belarus.
APAmerican Express said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won't work outside the country. The company also said it is ending its business operations in Belarus.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
DirecTV is cutting ties with RT.
A spokesperson for the US satellite carrier told CNN Business that it had already been reviewing whether to renew the outlet's carriage agreement, which was due to expire later this year. Russia's war on Ukraine sped up its decision, according to the representative.
APDirecTV is cutting ties with RT.
A spokesperson for the US satellite carrier told CNN Business that it had already been reviewing whether to renew the outlet's carriage agreement, which was due to expire later this year. Russia's war on Ukraine sped up its decision, according to the representative.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Disney is also suspending the release of its theatrical films in Russia, citing "the unprovoked invasion of Ukraine."
The entertainment giant had multiple films set for release in Russia in the coming months. That includes Marvel's "Doctor Strange in the Multiverse of Madness" on May 5 and Pixar's "Lightyear" on June 16.
"We will make future business decisions based on the evolving situation," a Disney spokesperson said.
APDisney is also suspending the release of its theatrical films in Russia, citing "the unprovoked invasion of Ukraine."
The entertainment giant had multiple films set for release in Russia in the coming months. That includes Marvel's "Doctor Strange in the Multiverse of Madness" on May 5 and Pixar's "Lightyear" on June 16.
"We will make future business decisions based on the evolving situation," a Disney spokesperson said.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP/Invision
WarnerMedia said on February 28 that it would pause the release of "The Batman" in Russia.
The film is one of the biggest blockbusters of the year, and is being released in most countries by Warner Bros. which, like CNN, is a unit of WarnerMedia.
A company spokesperson said that the decision was made "in light of the humanitarian crisis in Ukraine," and that the company hoped "for a swift and peaceful resolution to this tragedy."
WarnerMedia is also pausing all new business in Russia, ceasing broadcast of its channels, halting all new content licensing with Russian entities, and pausing planned theatrical and games releases.
AP/InvisionWarnerMedia said on February 28 that it would pause the release of "The Batman" in Russia.
The film is one of the biggest blockbusters of the year, and is being released in most countries by Warner Bros. which, like CNN, is a unit of WarnerMedia.
A company spokesperson said that the decision was made "in light of the humanitarian crisis in Ukraine," and that the company hoped "for a swift and peaceful resolution to this tragedy."
WarnerMedia is also pausing all new business in Russia, ceasing broadcast of its channels, halting all new content licensing with Russian entities, and pausing planned theatrical and games releases.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
H&M will pause all sales in Russia.
In a statement, the company said that it was "deeply concerned about the tragic developments in Ukraine, and stands with all the people who are suffering."
The clothing giant's stores in Ukraine are already closed due to safety concerns.
H&M Group, which operates a number of brands, had 168 stores in Russia as of last November, according to its website.
APH&M will pause all sales in Russia.
In a statement, the company said that it was "deeply concerned about the tragic developments in Ukraine, and stands with all the people who are suffering."
The clothing giant's stores in Ukraine are already closed due to safety concerns.
H&M Group, which operates a number of brands, had 168 stores in Russia as of last November, according to its website.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Heineken will stop producing and selling beer in Russia.
The brewer announced on March 9 that it would "take immediate steps to ring-fence" its Russian business, "to stop the flow of monies, royalties and dividends" out of the country.
The beverage giant, which sells into more than 190 countries, had already announced a suspension on new investments and exports to Russia.
"We are assessing the strategic options for the future of our Russian operations," it said in a statement. "We see a clear distinction between the actions of the government and our employees in Russia."
APHeineken will stop producing and selling beer in Russia.
The brewer announced on March 9 that it would "take immediate steps to ring-fence" its Russian business, "to stop the flow of monies, royalties and dividends" out of the country.
The beverage giant, which sells into more than 190 countries, had already announced a suspension on new investments and exports to Russia.
"We are assessing the strategic options for the future of our Russian operations," it said in a statement. "We see a clear distinction between the actions of the government and our employees in Russia."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
German sports company Puma said it is suspending operations of all of its stores in Russia. The company said it operates more than 100 stores in the country.
APGerman sports company Puma said it is suspending operations of all of its stores in Russia. The company said it operates more than 100 stores in the country.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Luxury fashion house Prada is suspending its retail operations in Russia.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaBusiness Wire
Procter & Gamble CEO Jon Moeller said in a letter to employees on March 7 that the company has "discontinued all new capital investments in Russia" and is "suspending all media, advertising, and promotional activity."
"We are significantly reducing our product portfolio to focus on basic health, hygiene and personal care items needed by the many Russian families who depend on them in their daily lives," Moeller said. "As we proceed with the reduced scale of our Russian operations, we will continue to adjust as necessary."
Business WireProcter & Gamble CEO Jon Moeller said in a letter to employees on March 7 that the company has "discontinued all new capital investments in Russia" and is "suspending all media, advertising, and promotional activity."
"We are significantly reducing our product portfolio to focus on basic health, hygiene and personal care items needed by the many Russian families who depend on them in their daily lives," Moeller said. "As we proceed with the reduced scale of our Russian operations, we will continue to adjust as necessary."
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Unilever said it will "continue to supply our everyday essential food and hygiene products made in Russia to people in the country," adding "we will keep this under close review." But the company noted it is has suspended imports of its products to Russia and is stopping all investment in the country, in addition to stopping exports from there. It said it won't profit from its presence in Russia.
APUnilever said it will "continue to supply our everyday essential food and hygiene products made in Russia to people in the country," adding "we will keep this under close review." But the company noted it is has suspended imports of its products to Russia and is stopping all investment in the country, in addition to stopping exports from there. It said it won't profit from its presence in Russia.
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Stars Coffee, anyone? A Starbucks successor is opening in RussiaAP
Maersk and MSC Mediterranean Shipping Company are both halting cargo bookings with Russia.
"As the stability and safety of our operations is already being directly and indirectly impacted by sanctions, new Maersk bookings to and from Russia will be temporarily suspended, with exception of foodstuffs, medical and humanitarian supplies," the Denmark-based company said in a statement.
"We are deeply concerned by how the crisis keeps escalating in Ukraine," the company added.
APMaersk and MSC Mediterranean Shipping Company are both halting cargo bookings with Russia.
"As the stability and safety of our operations is already being directly and indirectly impacted by sanctions, new Maersk bookings to and from Russia will be temporarily suspended, with exception of foodstuffs, medical and humanitarian supplies," the Denmark-based company said in a statement.
"We are deeply concerned by how the crisis keeps escalating in Ukraine," the company added.