Posted on 05/19/2022 1:12:48 AM PDT by UMCRevMom@aol.com
Since the invasion of Ukraine began, we have been tracking the responses of well over 1,200 companies, and counting. Almost 1,000 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, our 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.
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 1,000 companies to withdraw in the two months 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.sonnenfeld.celi@yale.edu.
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 the editorial from Jeffrey Sonnenfeld, Steven Tian, and Steven Zaslavsky in The Washington Post on how financial markets are rewarding companies for curtailing operations while punishing companies for remaining in Russia.
Click here to read the editorial from Jeffrey Sonnenfeld and Steven Tian in The New York Times explaining why our list matters, now more than ever.
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. We do not endorse nor certify the accuracy of this list of addresses, but in response to frequent requests, we are aware of this external non-Yale resource. Yale CELI List of Companies
Updated By: Jeffrey Sonnenfeld and Yale Research Team: Wiktor Babinski, Ricardo Barcelo, Yash Bhansali, Forrest Michael Bomann, Michal Boron, Katie Burke, Adriana Coleska, Samuel Choi, Drew D’Alelio, Hunter Harmon, Georgia Hirsty, Witold Janas, Mateusz Kasprowicz, Cate Littlefield, Rémi Moët-Buonaparte, Christophe Navarre, Marina Negroponte, Camillo Padulli, Jeremy Perkins, Magdalena Rego, Franek Sokolowski, Steven Tian, Ryan Vakil, Michal Wyrebkowski, and Steven Zaslavsky.
Last Updated: May 19, 2022
How We Do It: We have a team of experts with backgrounds in financial analysis, economics, accounting, strategy, governance, geopolitics, and Eurasian affairs with collective fluency in ten languages including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and English, compiling this unique dataset using both public sources such as government regulatory filings, tax documents, company statements, financial analyst reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network of 250+ company insiders, whistleblowers and executive contacts.
“Click here to read the editorial from Jeffrey Sonnenfeld, Steven Tian, and Steven Zaslavsky in The Washington Post on how financial markets are rewarding companies for curtailing operations while punishing companies for remaining in Russia.”
LOL. Tell it to Renault which used to make a third of its profit in Russia. Now their successful business went to a holding of NAMI and Chinese Chery for 1 ruble. That was a great deal. Guess Chery is going to flood Europe with their cars in a decade. Would Renault exist is a big if.
McDonalds, Pepsi, BA Tobacco used to make 10-25% of their money in Russia.
Hmm. An opportunity, indeed.
This whole situation is so insane.
Gee that is funny. Last time I checked, about 12 hours ago, Wall Street was punishing all companies about the same (in fact Woke Target which had zero operations in Russia to my knowledge went down 25% in one day). Thank god for America’s surplus of experts who are destroying the Global American Empire one report at a time.
Indeed. It makes soooo much sense to just whack out a significant portion of your customer market. /s
No wonder things are in the dumper. I’m sure all the GDPs of their respective countries will skyrocket now.
I like best how Biden and Blinken are saying that the Russian sovereign default is imminent....because the US Treasury blocked transactions to American bond holders.
The Russians are laughing, saying they have money to pay and that the bond holders only have Biden to blame.
This is a candidate for most retarded thing I’ve ever seen on FR.
This US/NATO campaign to “weaken Russia” has to be the biggest failure to date of the Biden administration. Our economies are plummeting. Russia’s?
Russia’s Economy Slowed Down More Than Expected in First
https://www.bloomberg.com › news › articles › russia-s...
18 hours ago — Russia’s economic growth slowed in the first quarter, as the initial impact of sanctions ... GDP growth slipped to 3.5%, missing median forecast of 3.7%.
Wonder if the bond holders can sue the Biden admin
I actually expect the appreciation of the Russian economy based on currency rate alone. Ruble is now trading like ~61 to USD and ~9 to Yuan. That’s a whole lot of buying power for an average Russian.
I’ve seen guys here, saying that it is nothing wrong and Putin’s fault “because he have started all of this”. I guess they are thinking that gas prices are Putin’s fault as well.
We are soooooo being scr**** at every turn.
Stop the sanctions....we know from experience that they do not work.
Go back to Jefferson's Embargo....Guess who came out the big loser.
If Russia had been murdering Uighurs and harvesting human organs, it would have been OK w these companies I suppose
Interesting: The Ruble has been around for 500 years.
Absolutely those companies would have been just fine with that.
Adam Smith once said, “. . . there is a great deal of ruin in a nation”.
Biden’s puppet masters and the Deep State types are trying to find out how much.
Are you Russian?
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