Over 750 Companies Have Curtailed Operations in Russia—But Some Remain
- Since the invasion of Ukraine began, Yale School of Management has been tracking the responses of over 1,000 companies. Over 750 companies have publicly announced they are voluntarily curtailing operations in Russia to some degree beyond the bare minimum legally required by international sanctions — but some companies have continued to operate in Russia undeterred.
- Originally a simple “withdraw” vs. “remain” list, the list of companies now consists of five categories—graded on a school-style letter grade scale of A-F for the completeness of withdrawal.
- The list below is updated continuously by Jeffrey Sonnenfeld and his team of experts, research fellows, and students at the Yale Chief Executive Leadership Institute to reflect new announcements from companies in as close to real time as possible.
“While it’s impossible to say whether all of these companies are motivated by purely moral concerns, they’ve all gone above and beyond what is legally required by international sanctions. It’s still too early to tell whether their moves will help to force Russia to end the war. But sanctions from Ukraine’s allies have already shaken Russia’s economy. The country’s stock market is on an IV drip, and the Kremlin has imposed strict controls to prop up the value of the ruble.” —Yale Chief Executive Leadership Institute’s Jeff Sonnenfeld and Steven Tian in a The New York Times op-ed
Read more via The New York Times
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