Employees in the country, which number about 2,000, will get paid for six more months. Starbucks will also help them look for new jobs outside of the company.
Starbucks first opened in Russia in 2007. As of March, it had 130 Russian locations, all owned and operated by a partner.
The move follows a similar one by McDonald’s.
McDonald’s later announced that it has entered into an agreement to sell the business to an existing licensee, who will open the restaurants with new branding.
At the time, Starbucks’ then-CEO Kevin Johnson said “we condemn the horrific attacks on Ukraine by Russia and our hearts go out to all those affected.”
CNN’s Jordan Valinsky contributed to this report