Since the invasion of Ukraine began, 400 companies have announced their withdrawal from Russiabut 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 four categories:
1) WITHDRAWAL - Clean Break: companies completely halting Russian engagements;
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 but not all operations, or delaying investments;
4) DIGGING IN - Defying Demands for Exit: companies defying demands for exit/reduction of activities
Download the list by clicking here.(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 research team 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Hundreds of companies have withdrawn in the days since, and we are humbled that our list helped galvanize millions around the world to raise awareness and take action.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 yourtips, insights, and feedback.
Please refer to Jeffrey Sonnenfeld's insights and commentary below on why our work matters.
Click here to read the March 17th commentary from Jeffrey Sonnenfeld and Steven Tian in Fortune accompanying the release of our new list.
Click here to view Jeffrey Sonnenfeld's related PBS NewsHour appearance on how business blockades and sanctions pressure Putin by crippling Russia's economy.
Follow this link:
400 Companies Have Withdrawn from RussiaBut Some Remain - Yale School of Management
- Russia and Putin's Ukraine war may have been preventable - MSNBC [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Boris Johnson warns of 'even darker days ahead' over Russia's invasion of Ukraine - Sky News [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- PayPal suspends its services in Russia over Ukraine war - CNBC [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russians Face Sanctions and Anxieties of a Costly War - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Invasion Brings Russia Global Repudiation With Cold War Echoes - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Trump renews NATO criticism after Russia's invasion of Ukraine, and also says "vote counter" can be more important than candidate - CBS News [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Shunned by Others, Russia Finds Friends in Africa - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russia's War With Ukraine Is Already Costing Russian Economy - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russia threatens to block VOA unless it removes Ukraine invasion coverage - Axios [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russia appears to have no way out as Putin goes all in - The Guardian [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- With Sanctions, U.S. and Europe Aim to Punish Putin and Fuel Russian Unrest - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russian Prisoners and Ukrainian Soldiers Describe Two Sides of the Conflict - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- How China Embraces Russian Propaganda and Its Version of the War - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Accounting firms KPMG and PwC to exit Russia - Reuters [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russia's war on Ukraine is dire for world hunger. But there are solutions - NPR [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Blinken vows to escalate sanctions on Russia but warns war could last some time - The Guardian [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Visa, Mastercard to suspend operations in Russia - Al Jazeera English [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Opinion | The Cancellation of Mother Russia Is Underway - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Ukrainians Find That Relatives in Russia Dont Believe Its a War - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Inside the U.S. Race to Arm Ukraine Against Russia - The New York Times [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russia-Ukraine live news: Zelenskyy says sanctions not sufficient - Al Jazeera English [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- As Biden predicts Russia will invade, U.S. rushes weapons ... [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russia seizes Ukraine nuclear plant - msnbc.com [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- Russia - Simple English Wikipedia, the free encyclopedia [Last Updated On: March 6th, 2022] [Originally Added On: March 6th, 2022]
- U.S. Intelligence Tells Congress Putin Is Unlikely to Be Deterred - The New York Times [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- US and Allies Will Strip Russia of Favored Trade Status - The New York Times [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Honeywell CEO says suspending business in Russia wont be a major headwind - CNBC [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- What is the threat of a 'cornered' Putin as the Russia-Ukraine conflict drags on? - ABC News [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- The Growing Fear of a Wider War Between Russia and the West - The New Yorker [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- How Russian and Ukrainian Orthodox Churches Are Handlng the War - The New York Times [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Russia's wars in Chechnya offer a grim warning of what could be in Ukraine - NPR [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Russia's Ukraine invasion and space impacts: Live updates - Space.com [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Opinion | Russia. Invasion. And Polands Very Long Memory. - The New York Times [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- A Scholar of Stalin Discusses Putin, Russia, Ukraine, and the West - The New Yorker [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- The letter Z is becoming a symbol of Russia's war in Ukraine. But what does it mean? - NPR [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Can the west slaughter Putin's sacred cash cow? - The Guardian [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Analysis: Can the UAE be a safe haven for Russian oligarchs? - Al Jazeera English [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Ukraine and Russia: What you need to know right now - Reuters [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Russia-Ukraine war LIVE UPDATES: Zelensky calls on Russian troops to surrender - The Australian Financial Review [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Ukraine-Russia war live updates: Ukrainians claim Russian strikes have hit apartment building in Kyiv, China denies claims Russia asked for military... [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- A Conductor on Why He Stayed in Russia After the Invasion Began - The New York Times [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Could Putin actually fall from power in Russia? - Vox.com [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- My mother says I am betraying Russia: Putins invasion divides the generations - The Guardian [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Lukashenko dodges and weaves over joining Russia in attacking Ukraine - POLITICO Europe [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Once, cultural ties to Russia were deliberate and hopeful. Now, they're eroding - NPR [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Russia Deploys a Mystery Munition in Ukraine - The New York Times [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- China's reputation is at risk if Beijing were to help Russia in its war on Ukraine - CNBC [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Why is India standing with Putins Russia? - Al Jazeera English [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Russia-Ukraine war: what we know on day 20 of the Russian invasion - The Guardian [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Russia Maps & Facts - World Atlas [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Russia keeps up attacks in Ukraine as two sides hold talks - The Associated Press - en Espaol [Last Updated On: March 15th, 2022] [Originally Added On: March 15th, 2022]
- Invasion jolts Russia's friends in tiny West-leaning Moldova - The Associated Press - en Espaol [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Russia-Ukraine: Ugly truths in the time of war - Al Jazeera English [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Russia's invasion of Ukraine will lower car production by millions of units over two years, S&P says - CNBC [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- How much can and will China help Russia as its economy crumbles? - CNBC [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Russia sanctions Biden and Blinken in retaliation for US sanctions - NPR [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Without sending troops, the U.S. wages 'hybrid warfare' against Russia - NPR [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Russia's bombing of Ukraine hospital reflects a terrible wartime pattern : Goats and Soda - NPR [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Why Russia's attempt to bend Ukraine to its will could have the opposite effect - MSNBC [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- How close are China and Russia and where does Beijing stand on Ukraine? - The Guardian [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- How China's Response to Russia's Invasion of Ukraine Could Upend the World Order - TIME [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Uneasy wait in Kyiv continues as Russian advance appears to have stalled - The Guardian [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Russia-Ukraine war: What happened today (March 16) - NPR [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Russia may aspire to a China-style internet, but it's a long way off - CNBC [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Russia claims its close to a PEACE DEAL after Putins ... [Last Updated On: March 17th, 2022] [Originally Added On: March 17th, 2022]
- Renault Halts Operations in Russia - The New York Times [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Russia is considering selling its oil and gas for bitcoin as sanctions intensify from the West - CNBC [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Opinion | Russias War, Driven by the Grand Theory of Eurasianism - The New York Times [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- More Russian Mercenaries Deploying to Ukraine to Take On Greater Role in War - The New York Times [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Opinion | Russias Neighbors Are Worried That, After Ukraine, Theyll Be Next - The New York Times [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Russia reasserts right to use nuclear weapons in Ukraine - The Guardian [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Russia May Nationalize Carmakers' Assets amid Ukraine Invasion - Car and Driver [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Indians reluctant to denounce Russian brothers over Ukraine - The Guardian [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Is the Ukraine war weakening Putins position in Russia? - Al Jazeera English [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Russia-Ukraine war: what we know on day 33 of the Russian invasion - The Guardian [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Russia-Ukraine war: What happened today (March 27) - NPR [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Russian Soldiers Suffering Frostbite as Ukraine Invasion ... [Last Updated On: March 27th, 2022] [Originally Added On: March 27th, 2022]
- Russia's military is under pressure in Ukraine and refocusing on the east is likely to be a bloody campaign - ABC News [Last Updated On: March 29th, 2022] [Originally Added On: March 29th, 2022]
- Will Western-Russian Confrontation Shake the Middle East? - War on the Rocks [Last Updated On: March 29th, 2022] [Originally Added On: March 29th, 2022]
- Russia will 'always' be a part of OPEC+, UAE energy minister says - CNBC [Last Updated On: March 29th, 2022] [Originally Added On: March 29th, 2022]