Business reporter, BBC News. Dealers continue to sell cars. Over 1,000companies 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. Among the 341 companies that have totally pulled out of Russia, we can find Accenture (Ireland), Aldi (Germany), Asda (UK), Deloitte (US), Deutsche Bank (Germany), Equinor (Norway), Heineken. Founded in 1903 and headquartered in Chicago, this company makes and markets snack food and beverage products. In total, the Yale database features 1,389 companies from all over the world, split into five categories: Put together, the three worst-performing categories digging in, buying time and scaling back add up to 555 companies, making up almost 40% of the database. Brands, which owns Pizza Hut, KFC and Taco Bell. As of Saturday the revised list contained five categories: withdrawal, suspension, scaling back, buying time, and digging in, with withdrawal correlating to a letter grade of an A and subsequent categories each assigned a lower letter grade. We have ceased all marketing and advertising, stop production at its St. Petersburg plant and stop imports of vehicles, suspend all business activities indefinitely & exit Russia, Discontinue business operations in Russia, Discontinued commercial activity in Russia, end brand-sharing agreement; had already exited, permanently close operations in Russia and Belarus, Fully divested from Russia and sale of its Russian business approved, terminate contract with Russian subsidiary, selling Russian operations and exiting Russia, stop sales of all Russian wine, spirits and strong beers in Norway, stop buying Russian oil by the end of 2022, suspend investment and withdraw from Russian market, close operations; transfer of some business, terminate cooperation with Russian partners, planning divestment of Russian operations, ending relationship with Lukoil and subsidiaries, Fully exit Russia and transfer ownership to local management, discontinue business in preparation for liquidation, sell Russian business to local team and exit market. It made cars under contract for VW until the partnership was ended by what the Germany company calls a mutual agreement in May 2022. "We remain focused on the health and safety of our people in Ukraine, Russia and other affected areas. Saul Loeb/AFP/Getty Images. An additional 151 are scaling back, 175 are buying time and 230 are digging in, according to database kept by Yale University. Among those operating undeterred: AstraZeneca, Ball Corporation, Credit Suisse, Emirates Airlines, Koch Industries, Lenovo, and SC Johnson. Out of these, 223 companies are considered to be operating "business as usual," including prominent firms from Italy (Boggi, Benetton, Calzedonia), France (Clarins, Etam, Lacoste), Germany (Siemens Healthineers, B. Braun), and the Netherlands (Philips). 165 Whitney Avenue Seaweed mixing with plastics could provide fertile ground for Video shows several sharks feeding on dolphin off California coast. FM @DmytroKuleba: International companies which remain working in Russia are directly funding #RussianWarCrimes and genocide of #Ukrainians. Spotify has continued to believe that its critically important to try to keep our service operational in Russia to provide trusted, independent news and information in the region, the company said in a statement Friday, as reported by Bloomberg. Lake Forest, Illinois-based Tenneco, a supplier of automotive components,openeda manufacturing facility in Togliatti, Russia, in 2003, and anemissions plantin St. Petersburg, Russia, four years later. . Copyright 2023 Nexstar Media Inc. All rights reserved. Which companies are leaving Russia and which are staying? Here's a look BP was the first major oil company to announce changes to its business relationships in Russia in response to the crisis. Market data provided by ICE Data Services. The stance places it in the "Buying Time" category devised by Sonnenfeld, with a "D" grade for its decisions. Proposal Gets Pushback, Boats Are Killing Endangered Manatees at an Alarming Rate, Ron DeSantis Scores Huge Win as 'Don't Say Gay' Judge Takes Disney Case. Click here to read the accompanying Foreign Policy op-ed, "Actually, the Russian Economy is Imploding",co-authored with Steven Tian. Google . More than 500 companies have suspended their business in Russia, and a similar number have withdrawn completely. Defying Demands for Exit or Reduction of Activities (227 Companies) (Grade: F). the company said Russia accounts for about 8.5% of its earnings before . The Senate is Right to Reject Biden's Student Loan Bailout for the Rich, Student Loan Forgiveness Is an Urgent Racial Justice Issue, Putin Critic Navalny's Jail Cell Mockup Tours Europe Seeking Support, Student-Loan Debt to Soar as Senators Vote to Retroactively Add Interest, Is South Africa Limiting Water for White People? 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.emailcontactukraine.com. suspend most operations except medical essentials, stopped sales in Russia and Belarus except medical equipment and support for electric power generation and transmission, suspended sales of global brands in its JV, suspend services in Russia & reduce shipments to and from Russia significantly, temporary suspension of deliveries to Russia, Suspend only new contracts f commodities of Russian origin, wind down business in Russia but buy Russian debt, suspend many transactions and cease new financing, vaguely suspend some operations in Russia, Suspend new investments in Russia and sold some real estate assests, stop accepting payments for new purchases and renewals, stop coal imports; lubricants business unchanged, suspend production due to "full warehouses", scale back to only health critical services, stop all exports, IKEA production; keep open retail centers (Mega), Inspire Brands (Dunkin' Donuts, Baskin Robins), Not accepting new Russian clients & started process of exiting all Russian Clients, suspend new investments and reduce manufacturing in Russia, wind down Russian office, suspend new business in Russia, reduce current exposure; retain current Russian clients, suspend new investments except essentials (minor), Cut back business in Russia and relocated staff, scaling back substantive operations in Russia, Paused transaction through cards in Russia, suspend all shipments to Russia (except Pharma, healthcare and humanitarian supplies), divest certain industrial assets and suspend new development/investments, scale back most services and stop new sales, restrict Russian operations to medical services, halt new business & scale back shipments to Russia significantly, scaling down but still in numerous projects across Russia, suspend new sales in Russia but continue existing access, suspend operations except exempt healthcare, Japanese expats working for MUFG Bank (Eurasia) have moved out of Russia to work outside of the country on a temporary basis, suspend commercial operations within Russia, suspended services except services critical to health, suspend some subsidiary operations but not all, suspend any new business in Russia & all business with sanctioned entities, suspend consulting service but not core business, stop processing payments to and from Russia & Belarus, reduced deliveries and supplies to the contractual minimum for some commitments, and is suspending deliveries and supply in several contracts, halt new sales to Russia but continue supporting current customers, suspend online sales to end consumers but not others, stop direct sales in Russia but continue selling through third-parties, stopped new business, closed sites, and scaled back services, suspend operations in Russia except essentials, curtail some operations (i.e. Operating Russia since 1997, the privately held company signed a new franchise deal in the country in 2017. TGI Friday's The restaurant chain is still operating in Russia. These include Bridgestone Tire, Caterpillar, Citi, Herbalife, Hilton . Which Companies Are Still Doing Business With Russia? - Newsweek "Our sanctions per se do not oblige companies to leave Russia, many decided to go on their own," a European Commission spokesperson told Euronews, in response to the Yale findings. all western companies must withdraw from Russia on humanitarian grounds. Only then will we all be able to utter the sacred words 'never again' sincerely," he wrote. Among those operating undeterred: . DiNapoli banned any new investments in Russian companies on behalf of the states Common Retirement Fund and mandated a review of the funds investments to determine if any financial risks warrant a disinvestment. Thomas DiNapoli issued a letter to mulitple companies. Yale updates the database by analysing a variety of sources of information, such asgovernment regulatory filings, tax documents, company statements and media reports, as well as a network of company insiders and whistle-blowers. May 25, 2022 / 3:31 PM "European performance was impacted by the Russian invasion of Ukraine, which reduced revenue in Russia, Ukraine and several other nearby countries," said Gary Swidler, Match's chief operating and financial officer. Click here to watch President Zelenskyy's interactive Q&A with Yale students, Business Retreats and Sanctions Are Crippling the Russian Economy, click here to download the accompanying slide deck. Updated By: Jeffrey Sonnenfeld and Yale Research Team: Meena Ambati, Wiktor Babinski, Will Berkley, Ahaan Bhansali, Yash Bhansali, Forrest Michael Bomann, Michal Boron, Tristan Brigham, Jesse Bross, Adnan Bseisu, Katie Burke, Lauren Cho, Cara Chong, Andrea Chwedczuk, Adriana Coleska, Maia Cook, Cam Coyle, Khulan Erdenedalai, Paola Flores Sanchez, Jake Seymour Garza, Kevin Grold, Tamara Gruslova, Hunter Harmon, Patrik Haverinen, Georgia Hirsty, Warner Hoshide, Daniel Jensen, Aditya Kabra, Nolan Kaputa, Mateusz Kasprowicz, Jay Kauffin, Sahana Kaur, Yuto Kida, Ava Leipzig, Victoria Liando, Cate Littlefield, Kasey Maguire, Marek Malinowski, Maksimas Milta, Rmi Mot-Buonaparte, Atin Narain, Christophe Navarre, Marina Negroponte, Camillo Padulli, Jeremy Perkins, Katya Pinchuk, Yevheniia Podurets, Aranyo Ray, Dorothea Robertson, Eleanor Schoenbrun, Nick Shcherban, Charlotte Simonds, Franek Sokolowski, Andrew Sonneborn, David Sun, Christopher Sylvester, Steven Tian, Maria Trybus, Umid Usmanov, Ryan Vakil, Daria Valska, Bryson Wiese, Chris Wright, Michal Wyrebkowski, Nicole Xing, Lara Yellin, Steven Zaslavsky, Nick Zeffiro, and Grace Zhang. Bose does not sell directly to consumers in Russia we do not operate retail stores or sell or ship products through any company operated website. Pressure mounts on Koch Industries to halt business in Russia However . The companies still operating in Russia despite pressure to pull out The most prominent cry for withdrawal from Russia has been Ukraines Foreign Minister Dmytro Kuleba, who told CNN all western companies must withdraw from Russia on humanitarian grounds. The Western brands unable to leave Russia - BBC News Erin Prater. Its partners included the investment arm of state-owned VTB Bank. Neither company responded to emailed questions. Which companies are being targeted by Anonymous? See their responses - CNBC We are humbled that our list helped galvanize nearly 1,000 companies to withdraw in the two months since. ICE Limitations. In a video interview posted on Telegram late . For a sortable, detailed version of the list below, please visit our enhanced databasewhere you can filter companies by letter grade, country, sector, and much more. Ukraine on Monday named 50 international companies that it claims continue to operate in Russia despite the war which Vladimir Putin began in February. The foreign ministry's graphic cites the Yale Chief Executive Leadership Institute 2022 as its source, and the top companies are elected based on their revenue according to their financial statements. It's not only food chains that are "digging in," according to Sonnenfeld. #LeaveRussia: The List of Companies that Stopped or Still Working in Russia en uk Stop Doing Business with Russia Russia initiated aggression against Ukraine in 2014. Volkswagen closed a long-delayed deal to sell its Russian business on Friday but . In March, the social networking platformsaid it was ceasing operations in Russia and removing its apps from the Apple App Store and Google Play Store in Russia and Belarus. Suspend substantively all Russian commodities purchases, cease cooperation with governmental agencies in Russia, halting all activity and due diligence in Russia, holding company's assets are suspending operations, Totally suspend all shipments, services and maintenance in Russia, Fdration Internationale de Motocyclisme, ban Russian teams and officials from participating in basketball events, suspend all trading certificates in Russia & Belarus and block all controlled wood sourcing from the two countries, stopped shipments to franchisees in Russia, block users located in Russia and Belarus from using products or services, suspended new activities, disabled access to our commercial services in Russia, stopped exporting its products to Russia or Belarus, Suspended distribution of the Bimbo Brand at retail, but left Moscow Bimbo QSR plant operating for food service products, suspend entry of Russian shipments at owned ports, temporarily close stores and e-commerce sites, suspend operations of on-site and online stores, stop exports to Russia & halt investments, suspends activities for the Russian market, suspend Russian athletes & relocate Russian events, International Federation of Sport Climbing, suspend Russian teams from participation; suspend Russian events, halts sales and blocks data services to products assembled in Russia, keep Russia office; stop exports to Russia, suspend exports to Russia & halt investments, suspend transactions with certain Russian banks, stop sales to Russia and imports from Russia, suspended Russian contracts, subsidiary ZANAM Vostok in Russia, suspend all business activity into Russia & Belarus, suspend deliveries to Russia & stop new Russian orders, no flying over Russian airspace; Russian flights cancelled, Separated out all business activities in Russia, cancel production of equipment orders from Russian, suspend deliveries of all devices to Russia, pause all JVs in Russia; helicopter production, suspend performance rights for his ballet, suspended service and shipment to Russia. Here's a look at some of the Western companies that have chosen to stay or exit Russia: Volkswagen on Friday closed a deal to sell its Russian business, including its plant in the western city of Kaluga with 4,000 employees, to an entity supported by Russian dealer Avilon. Sign up for our weekly newsletter to stay informed and engaged. Still distributes through distributors, Pausing all transactions and sales of refining products, lubricants, and chemicals, Ending nearly all its institutional banking services in Russia, suspend acceptance of certain Russian commodities, pause taking any new orders from Russian distributor & remove future sales, suspend distribution operations in Russia, platform available; refrain from financial benefits from the region; suspend some content, no longer allow Russian payment cards & transaction in RUB, stop supplying ships to Russia, halt new contracts, suspended shipments to Russia except for humanitarian medical products, Wind down Russia operations; local partners and counsel open Russian business, suspend the operation of its stores in Russia, suspend contracts with Russian commercial partners. ET First Published: March . More than 500 companies have suspended their business in Russia, and a similar number have withdrawn completely. As of Tuesday, there are 28 U.S. corporations that remain in the country, a list . Ukraine Names Top 50 Western Brands Still in Russia - Newsweek Chinese companies figure prominently in the last category. Here's a rundown of the other American companies that are getting an "F" grade from Sonnenfeld for their decisions regarding their operations in Russia. Its premium service is no longer available in Russia either, according to its website Friday. FRANKFURT, Germany -- More than 500 companies have suspended their business in Russia, and a similar number have withdrawn completely. Some companies regarded as among the worst offenders by Sonnenfeld and his team dispute the notion that they are conducting business as usual because they have not withdrawn from Russia. According to a Yale University database, European companies like Boggi, Benetton, Lacoste and Philips are still doing "business as usual" in Russia. Bookmark As global economic pressure piles on Russia and growing numbers of oligarchs are sanctioned, major companies are beginning to pull their business out of the country. On Friday Spotify announced that it was pulling its. The White House voiced support Wednesday for a proposed summit to work toward peace in Ukraine, even if Russia is not involved. On Tuesday alone, McDonalds, Starbucks, Coca-Cola and PepsiCo announced they would be suspending all business activity in Russia. Airlines, automakers, banks, and technology giants at least 320 companies by one count are among the businesses curtailing operations or making high-profile exits from Russia as its . This money is soaked with Ukrainian blood.. Most recently, McDonalds, Starbucks, Coca-Cola and PepsiCo announced they were halting business in Russia. Hundreds of companies have announced plans to suspend or halt operations over war in Ukraine, but some are still doing business. Click here to watch President Zelenskyy's interactive Q&A,hosted by Jeffrey Sonnenfeld and live-streamed by CNBC, with over 150 top US CEOs at theYale CEO Summitin June 2022,and click here to read about President Zelenskyy's key lessons for business leaders. Three targeted oil field service companies Halliburton, Baker Hughes and Schlumberger had also already issued announcements about their Russian business operations. Raiffeisen Bank International. However, a number of companies included in the graphic said they no longer maintain operations in Russia, including Engie, Aviva, Glencore, and Aegon. Newsweek reached out to Russia's foreign ministry and the listed companies for comment. FORTUNE may receive compensation for some links to products and services on this website. It appears they are still operating in ruSSia. Over 220 global companies are continuing "business as usual" in Russia, according to Yale University. On Friday Spotify announced that it was pulling its free, ad-supported service from Russia, completing its exit, Bloomberg reported. According to Sonnenfeld's latest list, 29 companies are currently still operating in Russia, which includes Nestle, Hilton hotels, Marriott hotels, Papa John's pizza and Kraft-Heinz, among. Jeffrey Sonnenfeld and his research team at Yale have been tracking which companies are pulling their business from Russia and which are choosing to remain in the country. No new requests, suspend all sales to Russia in compliance with sanctions, Stated will leave Russia by June 30, 2023, cease all imports and exports with Russia, Suspend shipments to Russia according to sanctions, stop all sales to Russia but reserve the right to return, stopped activity and remotely stopped clock on Russian Academy of Sciences, temporary suspension of all shipments to Russia, not renew current contracts & suspend new business, suspends all imports and orders, froze partner brands, Nippon Telegraph and Telephone Corporation (NTT), Completed sale of business, transitioning team, suspend all shipments to and business with Russia, suspend sales of Scientific Solutions portfolio and all capital investments, temporarily stop the processing of all payments from and to Russia & Belarus, suspend cooperation with Russian customers, suspend support for all Russian franchises, Resumed exports to Russia, then halted after calls to boycott, end shipments of new cars; dealerships running and warranty obligations honored, In process of divesting from local subsidiary, discontinue all business operations and sales, cease activity with Russian customers & cease promotion of Russian universities, stopped exports and withdrew some products for sale in Russia, stop top-ups for Russian cards and block transfers to Russian institutions, Cancel summer cruise ship visits to Russia, pause activities with Russian institutions, Sold factory and stake in russian Companies, suspend all business in Russia including with local independent distributor, suspended all operations, most supplies, and all advertising, suspend distributor relationship in Russia, pause release of new films in Russia, suspending console and game sales in Russia, suspend all new investments in Russia, including signing new customers, suspend flights between Sri Lanka and Russia, shipments and sales to Russia discontinued, scaling back or suspending all Russian-related business, Ended activity, service center still exists, Paused sales of Jaguar Land Rover in Russia, suspend sales and manufacturing in Russia, stop all work in Russia & Belarus and not take on or pursue any new customer orders, Suspended all operations in Russia and closed offices, temporarily suspend operations and sales in Russia, shifting energy purchases away from Russia, temporarily suspend commercial activities, stop exports to Russia, pause sales in Russia by franchisers, suspend online sales, stop business with Russia & stop deliveries to and from Russia, cease all operations in Russia & cancel trips to Russia up to 2024, Suspended business in the region until further notice, suspend all sales, service and production, suspend all sales and services into Russia, suspend business and concrete deals with Russia, Air flights to/from Russia are temporarily suspended, Stop production in Russia; maintain personnel, Suspend all Russian members and affiliates, Suspended all shipments to and production for Russia partners, suspend all installations, monetization and marketing support, sold stake in joint ventures and suspend using its license in Russia, cease leasing activity with Russian airlines, Fully exit Russia after selling its operations, leave Russian market until further notice, cease buying raw materials from, or selling our products to, Russian businesses, closing TPM Russia subsidiary due to war in Ukraine, pull out of Russia; close Russian office and suspend select Russian client engagements, Discontinued all sales into Russia, direct and indirect, cease all sales and support to all customers, users and resellers in Russia & Belarus, Stopped on business, initiated divestment process, no longer provide engineering services to Russian LNG developers, cease operations in Russia and transfer them to an independent entity, gradual wind down of operations in Russia, withdraw from Russia completely prior to aggression, stop all sales to Russia through distributors, terminate all contractual relations & discontinue services in Russia, exit Russian operations; local partners and counsel form new firms, Cease all commercial activity with Russia, Cease all reporting from Russia and all presence, Halts all sales of products in Russia & Belarus, Stopped selling in Russia and to those with intent to sell in Russia, wind down operations in Moscow; local partners and counsels form own firm, transfer Russian practice to local partners and counsel, Terminate all Russian partnerships and business, fully divest Russian operations Transgourmet via management buyout, Stoped production and business activities in Russia, halting operations for residents of Russian, close office in Russia; transfer to local partner, removing Russian TV channels from the offer, leaving Russia completely; local office launched own firm, withdraw codeshare services with Aeroflot, stops sales and production in Russia; transferred ownership of production facilities, End all shipments with Russia and Belarus, make new game purchases unavailable in Russia, ban Russian teams from participating in tournaments, Stop transacting with all Russian products, suspend stipulation of new oil contracts; divest from investments for rubles, deactivate all listings from Russian sellers, close Russia office; transfer Russia practice to local partners and counsels, Faurecia has decided to disengage from Russia and completed depreciation of related assets, terminate Russian nuclear power plant project, withdraw completely from the Russian market, terminate contract with the Russian Grand Prix promoter, suspend Russian oil-product purchases; eliminate Russian exposure, make company's games unavailable in Russia, close offices in Russia & cease all operations, terminate the licensing agreements & turn over its equity to Russian subsidiary, Ended operations in Russia; local partners and counsels open independent firm, wind down operations & liquidate subsidiary, transfer Russian business to local partners, stop purchasing services/goods from Russian & Belorussian companies, ISS divested its Russian activities during March and is no longer active in Russia, termination of export ties and production in Russian Market, complete exit from Russia by selling Russian operations, will not deliver any more products or systems for Russian locomotives; end JVs, sell Russian business to a local enterprise, curtail all sales of software and close sites in Russia, end operations in Russia, with entities connected to the Russian state; local partners and counsel form own firm, suspended flights and ended Russian aircraft maintenance, end delivery, supply of trucks, and sales to Russia, Fully exit Russia and end all franchises operating in Russia, Fully remove all Russian products and end Russian business, leave the Russian market & sell Russian business, Stopped manufacturing and exporting and will sell shares in subsidies, shut down API access, block SMS and voice traffic to Russian carriers, sold assets and ceased operations in Russia, Revoke all licenses related to Russia and end all business there, pause all sales, support, and services in Russia, fully exit Russia through divesting business, suspend all business with Russia and Belarus, closed our office and warehouse facility in Moscow and no longer do business in this country, Close accounts of Russians and halt transfers to and from Russia, exclusion of esports teams and individuals with connections to the Russian government from upcoming competition, suspends transactions with Russian banks transactions in Russian ruble suspended, Polskie Grnictwo Naftowe i Gazownictwo SA, ceased purchase of any products from Russian or directly related companies, reduced position in Russian bonds to zero, discontinue sales and services in Russia & terminate partnerships, Removed App and updates of app in Russia, sell Renault Russia; transfer Moscow factory to city government and partner for local brand production, Terminated all commercial relationships with Russia, suspend Russian and Belarusian access to the platform, S Group (Suomen Osuuskauppojen Keskuskunta), sell Russian assets to local management and exit completely, total withdrawal from virtually all Russia-related businesses, ceded control of its operations in Russia, ceased all sales to this market at the onset of the war and blocked Russian state radio, exit and no longer have a brand presence in Russia, winding down operations in Russia; terminating shareholder syndicate agreements with Deripaska, Replaced all Russian raw materials for operations; no presence in Russia, No new business.
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