Coffee chain Starbucks is to close all its 130 coffee shops in Russia after 15 years in the country due to the military operation in Ukraine.

The decision comes shortly after burger chain McDonald's decided to quit Russia. There are now almost 1,000 companies globally that have taken a stance since the start of fighting in Ukraine and curtailed their operations to some degree, according to a tracker list maintained by the Yale School of Management.

Starbucks had suspended its operations in early March but on Monday said that it will "exit" Russia and "no longer have a brand presence in the market."

The company added: "We will continue to support the nearly 2,000 green apron partners in Russia, including pay for six months and assistance for partners to transition to new opportunities outside of Starbucks."

U.S. brands have been under pressure to cut ties to Russia since President Vladimir Putin said he was launching a "special military operation" in its neighboring country. Shelling of Ukrainian cities has cost thousands of lives and led to a humanitarian crisis.

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Starbucks initially saw Russia as an important market to develop. In a December 2010 investor event, executives highlighted the country as a key emerging market for the brand, along with China, Brazil and India.

Starbucks did not disclose the financial impact of the exit. 

Last week brought the departure of McDonald's, which had a bigger presence in Russia that dated back to the period near the end of the Cold War. It said its exit would result in one-time costs of $1.2 billion to $1.4 billion. 

But Starbucks' ceasing of operations is different to that by McDonald's, which said last Thursday it had reached a deal to sell to Russian businessman Alexander Govor, a McDonald's licensee. The company will be rebranded under a new name but will retain its trademarks. 

France's Renault is selling its majority stake in Russia's biggest carmaker but with an option to buy back the stake.

Shares of Starbucks rose 0.5 percent to $73.76 early Monday.

Yale School of Management produced its list to encourage and put pressure on companies to withdraw from Russia. When it was first published the week of February 28, only several dozen companies had announced their departure.