Russia has made it more difficult and more costly for Western companies to sell their Russian businesses. And it has in some cases seized control of firms’ local assets, as with Danish brewer Carlsberg (CABGY) and French yogurt maker Danone (DANOY).

“With the increasingly challenging environment, DPRussia’s immediate holding company is now compelled to take this step, which will bring about the termination of the attempted sale process of DPRussia as a going concern and, inevitably, the group’s presence in Russia,” DP Eurasia said in a statement.

The company operates 142 stores in Russia and is the country’s third-largest pizza delivery business. In December, DP Eurasia said it was reviewing its presence in Russia and that work on a potential sale was “ongoing.”

After exiting Russia, Starbucks became Stars Coffee and McDonald’s is now “Vkusno i tochka,” which translates to “Tasty, period.”

More than 1,000 foreign companies have exited or suspended operations in Russia since the Kremlin launched a full-scale invasion of Ukraine.

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