Since the invasion of Ukraine began, we have been tracking the responses of well over 1, companies, and counting. Over 1, 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. 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. 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.
We are humbled that our list helped galvanize nearly 1, companies to withdraw in the time since. 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 - preferably with documentation - as well as your insights, and feedback, at jeffrey.
For a sortable, detailed version of the list below, please visit our enhanced database where you can filter companies by letter grade, country, sector, and much more. Click here to read our recent SSRN working paper on how " Business Retreats and Sanctions Are Crippling the Russian Economy ", and click here to download the accompanying slide deck presenting this data visually.
If you want to get in touch with the "D"-rated and "F"-rated companies found here, you may locate contact information on this non-Yale affiliated website: www. Companies that are scaling back some significant business operations but continuing some others Companies temporarily curtailing most or nearly all operations while keeping return options open Updated on:.
