Sephora has decided to pull out from Russia and sell its business in the country to a local manager, becoming the latest global company—McDonald’s made the same decision in May—to cut ties with Russia after it went to war in Ukraine. “It sounds very rational indeed that Western companies in general will not go on paying rent and labor forever in Russia if operations cannot be resumed,” Luca Solca, a Sanford C Berstein analyst, told Business of Fashion.