Thanks to Jim S.
Professor Jeffry Sonnenfeld (Yale University) has developed a list of companies who did, or continue to do business in Russia. The list is divided into five categories, ranging from “Withdrawal” a clean break with to “Digging In” – those who are committed to retaining their involvement in Russia.
Since the invasion of Ukraine began, over 450 companies have announced their withdrawal from Russia—but some companies have continued to operate in Russia undeterred.
Originally conceptualized as a simple “withdraw” vs. “remain” list, our new list of companies now consists of five categories:
1) WITHDRAWAL – Clean Break: companies completely halting Russian engagements/exiting Russia;
2) SUSPENSION – Keeping Options Open for Return: companies temporarily curtailing operations while keeping return options open;
3) SCALING BACK – Reducing Activities: companies scaling back some business operations while continuing others;
4) BUYING TIME – Holding Off New Investments/Developments: companies postponing future planned investment/development/marketing while continuing substantive business;
5) DIGGING IN – Defying Demands for Exit: companies defying demands for exit/reduction of activities
Download the list as an excel spreadsheet by clicking below. (make sure to “download” the file from Box as an excel document rather than “previewing” for best file quality)
The list 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.
Our list has already garnered extensive coverage for its role in helping catalyze the mass corporate exodus from Russia.
When this list was first published the week of February 28, only several dozen companies had announced their departure.
Hundreds of companies have withdrawn in the days since, and we are humbled that our list helped galvanize millions around the world to raise awareness and take action.
Although we are pleased that our list has been widely circulated across company boardrooms, government officials, and media outlets as the most authoritative and comprehensive record of this powerful, historic movement, we are most inspired by the thousands of messages we have received from readers across the globe, especially those from Ukraine, and we continue to welcome your tips, insights, and feedback.
Please refer to Jeffrey Sonnenfeld’s insights and commentary below on why our work matters.
https://som.yale.edu/story/2022/over-400-companies-have-withdrawn-russia-some-remain