Ground Report | New Delhi: List Companies withdrawn from Russia; More than 450 companies have announced their departure from Russia since Moscow invaded Ukraine last month, according to a report released Friday by the Yale School of Management.
Although foreign companies are leaving quickly, some “have continued to operate in Russia undeterred,” said authors Jeffrey Sonnenfeld, a professor of management practices at the school, and Steven Tia, director of research at the Yale Institute for Executive Leadership.
They outlined five categories to classify companies active in Russia, one of which is titled “Getting In – Defying Exit Demands: Companies Defying Exit/Reduction Demands.” (list Companies withdrawn from Russia)
Keeping Options Open for Return
| Name | Action |
|---|---|
| 3M | suspend operations in Russia |
| Abrdn | suspend investments in Russia and reduce exposure |
| Adidas | suspend operations in Russia |
| Adobe | suspend all sales in Russia |
| ADP | suspend new sales/services to Russia |
| Airbus | suspend supply of parts to Aeroflot |
| Akamai | suspend operations in Russia |
| Akin Gump | suspend operations in Russia |
| Alphabet | suspend all operations in Russia |
| Alstom | suspend shipments to Russia |
| Amazon | suspend operations in Russia |
| American Express | suspend operations in Russia |
| Amway | suspend operations in Russia |
| AB InBev | suspend licenses for production and sales in Russia |
| Apple | suspend all sales |
| Assicurazioni Generali | exit Russia completely |
| Aston Martin | suspend all shipments to Russia |
| Atlas Copco | suspend deliveries in Russia |
| Atlassian | suspend new software sales to Russia |
| Bain | suspend consulting for all Russian businesses |
| Bank of China | curtail Russian access to capital markets |
| Bentley | suspend all shipments to Russia |
| Boeing | suspend operations in Russia/titanium purchases |
| Bombardier | restrict new Russian business |
| Bridgestone Tire | suspend manufacturing in Russia and shipments into |
| Budvar | suspend all shipments to Russia |
| Burberry | suspend all shipments to Russia |
| Burger King | halt corporate support for franchises |
| Canada Goose | suspend all shipments to Russia |
| Canadian Tire | close Russia stores |
| Canon | suspend deliveries in Russia |
| Caterpillar | suspend Russian manufacturing facilities |
| CBRE | suspend new investments in Russia |
| Chanel | suspend all operations in Russia |
| Chipperfield | suspend operations in Russia |
| Cisco | suspend all operations in Russia |
| Citi | expand the scope of the exit process |
| Citrix | suspend all sales to Russia |
| Cleary Gottlieb | suspend Russian operations |
| Clorox | suspend all business activity in Russia |
| CMA CGM | suspend all shipments to Russia |
| Coca-Cola | suspend certain operations in Russia |
| Cogent Communications | cut all internet to Russia |
| Commerzbank | suspend operations in Russia |
| Conformis | suspend distribution operations in Russia |
| Continental | suspend operations at a factory |
| Dassault Aviation | suspend all shipments to Russia |
| Debevoise & Plimpton | suspend operations in Russia |
| Dell | suspend all shipments to Russia |
| Deutsche Bank | wind down business in Russia |
| DHL | suspend all shipments to Russia |
| Diageo | suspend all shipments to Russia |
| DirecTV | cut Kremlin backed TV networks |
| Discover | suspend efforts to establish Russian presence |
| Disney | pause new content releases |
| DSV A/S | suspend all shipments to Russia |
| Dunkin Donuts | halt corporate support for franchisees |
| Ericsson | suspend all shipments to Russia |
| Estee Lauder | suspend operations in Russia |
| FedEx | suspend all shipments to Russia |
| Ferrari | suspend sales in Russia |
| Ford | suspend joint ventures in Russia |
| GM | suspend all shipments to Russia |
| Grupo Bimbo | suspend Russian operations |
| H&M | suspend all shipments to Russia |
| Hapag Lloyd | suspend all shipments to Russia |
| Harley-Davidson | suspending all business in Russia |
| Heidrick & Struggles | suspend all operations in Russia |
| Heineken | suspend operations in Russia |
| Herbalife | suspend sales and shipments to Russia |
| Hermes | suspend all operations in Russia |
| Hitachi Construction | suspend all shipments to Russia |
| HMM | suspend all shipments to Russia |
| Honda | suspend all shipments to Russia |
| Honeywell | suspend virtually all sales in Russia |
| HP Inc. | suspend all shipments to Russia |
| HP Enterprise | suspend all shipments to Russia |
| Hyundai | suspend manufacturing in Russia |
| IBM | suspend technology sales to Russia on Feb 24 |
| Ikea | suspend all operations in Russia |
| Imperial Brands | suspend operations in Russia |
| Indeed | suspend service in Russia |
| Inditex | close Russian stores and suspend sales |
| Intel | suspend sales to Russia |
| Intuit | suspend customer accounts |
| Iveco | suspend deliveries to Russia |
| Jaguar | suspend all shipments to Russia |
| JCB | suspend operations in Russia |
| JD Sports | suspend operations in Russia |
| Johnson Controls | suspend operations in Russia |
| Juniper Networks | suspend sales in Russia |
| JYSK | suspend operations in Russia |
| Kering | close all stores in Russia |
| Kinross Gold | suspend operations in Russia |
| Komatsu | suspend all shipments to Russia |
| Lego | suspend all shipments to Russia |
| Leica Camera AG | suspend operations in Russia |
| Levi Strauss | suspend all sales in Russia |
| Lexmark | suspend shipments to Russia |
| LG Electronics | suspend all shipments to Russia |
| Lindt-Sprungli | suspend operations in Russia |
| Logitech | suspend shipments to Russia |
| L’Oreal | suspend operations in Russia |
| Louis Dreyfus | suspend operations in Russia |
| Lumen | cut networks to Russia |
| LVMH | suspend all operations in Russia |
| Maersk | suspend all shipments to Russia |
| Magna | suspend Russian plants |
| Mango | suspend direct operations in Russia |
| Marks & Spencer | suspend all shipments to Russia |
| Mastercard | suspend operations in Russia |
| Mattel | suspend shipments into Russia |
| Mazda | suspend all shipments to Russia |
| McCain Foods | suspend operations in Russia |
| McCormick | suspend operations in Russia |
| McDonald’s | suspend direct operations/restaurants |
| Mercedes-Benz | suspend all shipments to Russia |
| Meta | suspend Russian advertising |
| Metso Outotec | suspend all shipments to Russia |
| Mettler Toledo | suspend all shipments to Russia |
| Michelin Tire | halting production at some plants/reviews |
| Microsoft | suspend all operations in Russia |
| Moncler | suspend operations in Russia |
| Mothercare | suspend operations in Russia |
| MVRDV | suspend operations in Russia |
| Neste Oyj | suspend purchases of Russian oil |
| NHL | pause all partnerships in Russia |
| Nike | suspend all operations in Russia |
| Nintendo | suspend all sales in Russia |
| Nissan | suspend all shipments to Russia |
| Nokia | suspend all shipments to Russia |
| Nvidia | suspend all sales in Russia |
| Oracle | suspend all operations in Russia |
| Panasonic | suspend operations in Russia |
| Papa John’s | suspend support for all Russian franchises |
| Paramount | pause new content releases to Russia |
| Payoneer | close Russian accounts |
| Paypal | suspend operations in Russia |
| Ponsse PLC | discontinue all operations in Russia |
| Prada | suspend operations in Russia |
| Preem AB | suspend purchases of Russian oil |
| Puma | suspend all shipments to Russia |
| PVH | suspend operations in Russia |
| Qualcomm | suspend shipments to Russia |
| Rabobank | curtail Russian access to capital markets |
| Ralph Lauren | pause operations in Russia |
| Raytheon | suspend operations in Russia |
| Remitly Global | stop accepting new users in Russia |
| Renault | suspend operations in Russia |
| Richemont | suspend all operations in Russia |
| Ricoh | suspend shipments to Russia |
| Rockwell Automation | suspend operations in Russia |
| Rolls Royce | suspend all shipments to Russia |
| Salesforce | suspend operations in Russia |
| Samsonite International | suspend operations in Russia |
| Samsung | suspend all shipments to Russia |
| Sandvik | suspend all operations in Russia |
| SAP | suspend all sales to Russia |
| Scandinavian Tobacco | suspend most operations in Russia |
| Scania | suspend all sales in Russia |
| Skoda | suspend all production in Russia |
| Snap | suspend all sales to Russia |
| SonoSim | suspend distributor relationship in Russia |
| Sony | pause release of new films in Russia |
| Starbucks | suspend all operations in Russia |
| Stellantis | suspend operations in Russia |
| Subaru | suspend all shipments to Russia |
| Swatch | suspend direct operations in Russia |
| Sylvamo | suspend operations in Russia |
| Thermo Fisher | suspend sales and manufacturing in Russia |
| TikTok | suspend operations in Russia |
| Timken | suspend operations in Russia |
| Toyota | suspend all shipments to Russia |
| Trane Technologies | suspend shipments to Russia |
| Trimble | suspend all sales in Russia |
| TSMC | suspend all shipments to Russia |
| Twin Disc | suspend all shipments to Russia |
| suspend certain operations in Russia | |
| Under Armour | suspend all shipments to Russia |
| Uniqlo/Fast Retailing | suspend operations in Russia |
| Universal | suspend operations in Russia |
| UPS | suspend all shipments to Russia |
| Valero Energy | suspend purchases of Russian oil |
| Valio | suspend operations in Russia |
| Visa | suspend operations in Russia |
| Viva Energy | suspend purchases of Russian oil |
| VMWare | suspend operations in Russia |
| Volkswagen | suspend all shipments to Russia |
| Volvo | suspend all shipments to Russia |
| WarnerMedia | pause new content releases |
| Western Union | suspend operations in Russia |
| Wise PLC | suspend Russian partnerships |
| Xerox | suspend shipments to Russia |
| YouTube | suspend operations in Russia |
| ZHA | suspend operations in Russia |
Clean Break (list Companies withdrawn from Russia)
| Name | Action |
|---|---|
| Accenture | exiting Russia completely |
| Acronis | suspend operations in Russia |
| Activision Blizzard | suspend all sales in Russia |
| Adenza | suspend operations in Russia |
| AECOM | suspend operations in Russia |
| AerCap | cease lending to Russians |
| Airbnb | suspend bookings in Russia |
| Air Products | full divestiture from Russia |
| Alaska Airlines | suspend Russian partnerships |
| Alcoa | suspend all business with Russia |
| Aldi | remove products from Russia |
| Allen & Overy | refuse new Russian partnerships but continue existing |
| AMD | suspend all sales to Russia |
| American Airlines | no flying over Russian airspace |
| Asda | remove products from Russia |
| Asian Infrastructure Investment Bank | curtail Russian access to capital markets |
| Asos | suspend all shipments to Russia |
| Authentic Brands Group – Reebok | successfully completed suspension of all operations |
| Autodesk | suspend operations in Russia |
| Avery Dennison | exit Russian operations |
| Avid | suspend all sales to Russia |
| Baker Botts | suspend operations in Russia |
| Baker McKenzie | suspend services for all Kremlin entities only |
| Baker Tilly | gradual wind down of operations in Russia |
| BBDO | exit Russian operations |
| BCG | suspend all consulting in Russia |
| BlackRock | curtail Russian access to capital markets |
| Bolt | suspend Russian partnerships |
| Boohoo Group | suspend all shipments to Russia |
| Booking | suspend bookings in Russia |
| Bose | suspend all operations in Russia |
| BP | suspend operations/divest from 20% Rosneft stake |
| British American Tobacco | suspend operations in Russia |
| Brown-Forman | suspend commercial operations in Russia |
| Bryan Cave | exit Russian operations |
| Bumble | suspend operations in Russia |
| Carnival | discontinue Russia itineraries |
| Centrica | exit gas supply partnership with Gazprom |
| Clarivate | exit Russian operations |
| Clifford Chance | suspend certain Russian relationships |
| Coty | halt all operations in Russia |
| Coupa | suspend operations in Russia |
| Coursera | suspend operations in Russia |
| Crocs | suspend D2C business |
| Cummins | exit Russian operations |
| Daimler | suspending all business in Russia |
| DB Schenker | suspend all shipments to Russia |
| DDB | exit Russian operations |
| Dechert | suspend operations in Russia |
| Deezer | suspend operations in Russia |
| Deloitte | leaving Russia completely |
| Delta Air Lines | suspend agreement with Aeroflot |
| Dentons | exit Russian operations |
| Dentsu International | divest joint venture/leave Russia |
| Deutsche Telekom | close Russian business |
| DLA Piper | suspend certain operations in Russia |
| DXC Technology | leaving Russia completely |
| EarthDaily Analytics | suspend operations in Russia |
| eBay | suspend all shipments to Russia |
| Electronic Arts | suspend all operations in Russia |
| Eni | divest Russian pipeline |
| EPAM | discontinue servicing Russian customers |
| Equinor | exit joint ventures in Russia |
| Esri | curtailing sales to Russia |
| Etsy | deactivate all listings from Russian sellers |
| Eurovision | ban on all Russian competition |
| Eversheds Sutherland | close Russia office |
| Expedia | suspend bookings in Russia |
| Exxon | exit Rosneft partnership |
| EY | leaving Russia completely |
| Farfetch | suspend all shipments to Russia |
| Fazer | suspend operations in Russia |
| FICO | exiting all work in Russia |
| Ferragamo | suspend all shipments to Russia |
| FIFA | ban Russian athletes from competing |
| Fitch | suspend operations in Russia |
| Formula One | suspend all operations in Russia |
| Fortinet | suspend operations in Russia |
| Freshfields | suspend certain Russian partnerships |
| Geodis | suspend all shipments to Russia |
| Global Foundries | suspend all shipments to Russia |
| Grainpro | suspend all operations in Russia |
| Grammarly | suspend operations in Russia |
| Grant Thornton | closing business in Russia |
| Haniel | unwind all operations in Russia |
| Herbert Smith | suspend operations in Russia |
| Hogan Lovells | exit Russian operations |
| ICBC | curtail Russian access to capital markets |
| Intercontinental Exchange | curtail Russian access to capital markets |
| International Boxing Federation | ban on all Russian competition |
| International Cat Federation | ban Russian cats from competitions |
| International Cycling Union | ban on all Russian competition |
| International Ice Hockey Federation | ban on all Russian competition |
| International Skating Union | ban on all Russian competition |
| International Tennis Federation | suspend Russian partnerships |
| International Weightlifting Federation | ban on all Russian competition |
| Interpublic Group | exit Russian operations |
| IOC | ban Russian athletes from competing |
| J Sainsbury | remove products from Russia |
| JetBrains | suspend all activity indefinitely |
| Knight Frank | suspend new investments in Russia |
| Korean Air Lines | no flying over Russian airspace |
| KPMG | leaving Russia completely |
| Kuehne + Nagel AG | suspend all shipments to Russia |
| Latham & Watkins | suspend operations in Russia |
| Linklaters | suspend operations in Russia |
| Live Nation Entertainment | suspend all operations in Russia |
| London Stock Exchange Group | curtail Russian access to capital markets |
| Marsh McLennan | exit operations in Russia |
| McKinsey | suspend all consulting in Russia |
| Monroe Energy | suspend partnerships with Russia |
| Moody’s | suspend operations within Russia |
| Morgan Lewis | suspend operations in Russia |
| Morrisons | remove products from Russia |
| MSC | suspend all shipments to Russia |
| MSCI | curtail Russian access to capital markets |
| Nasdaq | curtail Russian access to capital markets |
| Netflix | suspend operations in Russia |
| Netscout | suspend Russian operations |
| New Development Bank | curtail Russian access to capital markets |
| Norton Rose Fulbright | exit from Russia |
| Norwegian Cruise Lines | discontinue Russian itineraries |
| Oceana Cruises | discontinue Russian itineraries |
| Omnicom Group, Inc. | exit Russian operations |
| Omnicom Media Group | exit Russian operations |
| OMV | divest Russian projects |
| OneWeb | suspend use of Russian airspace |
| Orkla | exit Russian operations |
| Par Pacific | suspend partnerships with Russia |
| Paulig | suspend operations in Russia |
| Publicis Group | cede ownership to local affiliates |
| PwC | leaving Russia completely |
| R&A | ban on all Russian competition |
| Radio Free Europe | suspend operations in Russia |
| Regent Seven Seas Cruises | discontinue Russian itineraries |
| Roku | remove Kremlin-linked propaganda and ads |
| Rolex | suspend exports to Russia |
| S&P | curtail Russian access to capital markets |
| Sabre | suspend partnership with Aeroflot |
| Savills | suspend new investments in Russia |
| Shell | suspend operations in Russia |
| Signet Jewelers | suspend operations in Russia |
| Spotify | closed office and other restrictions |
| Squire Patton Boggs | suspend operations in Russia |
| Stanley Black & Decker | suspend operations in Russia |
| State Street | curtail Russian access to capital markets |
| Swarovski | suspend all sales in Russia |
| Take-Two Interactive | suspend all sales in Russia |
| Teradata | stopped all business in Russia |
| TJ Maxx | divest Familia subsidiary |
| TripAdvisor | remove Kremlin-linked propaganda and ads |
| Uber | divest from partnership with Yandex |
| UEFA | ban Russian athletes from competing |
| Uniper SE | suspend new Russian gas purchases/divest Unipro |
| United Airlines | no flying over Russian airspace |
| Upwork | suspend operations in Russia |
| Vanguard | suspend operations in Russia |
| Waitrose | remove products from Russia |
| Waters Corporation | suspend all operations in Russia |
| WeWork | planning divestment of Russian operations |
| White & Case | wind down Russian operations |
| Winston & Strawn | suspend operations in Russia |
| Wintershall Dea AG | exit Russian investments |
| Women’s Tennis Association | suspend Russian partnerships |
| World Athletics Council | ban on all Russian competition |
| World Boxing Association | ban on all Russian competition |
| World Boxing Council | suspend Russia from title fights |
| World Boxing Organization | ban on all Russian competition |
| World Federation of Exchanges | suspend all Russian members and affiliates |
| World Rowing Federation | ban on all Russian competition |
| World Rugby Union | ban on all Russian competition |
| WPP PLC | suspend all operations in Russia |
| WWE | suspend all operations in Russia |
| YOOX | suspend all shipments to Russia |
Holding Off New Investments (list Companies withdrawn from Russia)
| Name | Action |
|---|---|
| Abbott Labs | suspend non-essential business activity |
| Accor | suspend new investments/development |
| ADM | unspecified scaling down of non-essential operations |
| Air Liquide | suspend investment/development but not operations |
| AmerisourceBergen | suspend new business initiatives but continue existing |
| Arconic | suspend new contracts but continue existing |
| AstraZeneca | halt new investments/new clinical trials |
| Baker Hughes | suspend new investments/development |
| Barilla | suspend new investments/advertising |
| BASF SE | suspend new Russian relationships but not existing |
| Bayer | suspend non-essential business activity |
| Cargill | unspecified scaling down of non-essential operations |
| Colgate-Palmolive | continue essential health and hygiene products |
| Danone | suspend new investment in Russia only |
| Emerson Electric | suspend new investments in Russia |
| Focus Brands – Cinnabon | suspend new investments/development |
| General Mills | suspend capital investments/advertising for JV |
| GlaxoSmithKline | suspend advertising/new clinical trials in Russia |
| Halliburton | suspend future business in Russia |
| Henkel | suspend investments in Russia |
| Hilton | suspend new investments/close corporate office |
| Hines | suspend new investments in Russia |
| Hyatt | suspend investments and new developments |
| Intercontinental Hotels | suspend new investments/close corporate office |
| Japan Tobacco | suspend new investments in Russia |
| Johnson & Johnson | pause patient enrollment in ongoing trials |
| Kimberly-Clark | suspend new investments in Russia |
| Kraft Heinz – JBS | suspend new investments but not domestic operations |
| Lamb Weston | suspend new investments but not domestic operations |
| Linde | suspend new development/investments |
| Marriott | suspend new investment/close corp. office |
| Mars | suspend advertising/new investments in Russia |
| Merck | pause new investments/clinical trial enrollment |
| Mohawk Industries | suspend new investments in Russia |
| Mondelez – Nabisco | suspend new investments/advertising |
| Nestle | suspend new investments/advertising |
| Norsk Hydro | freeze Russian investments/no new contracts |
| Otis Worldwide | suspend new investments/new contracts |
| Pfizer | suspend new investments/clinical trials in Russia |
| Philip Morris | suspend new investments in Russia |
| Pirelli | suspend new investments in Russia |
| PPG | suspend new investments in Russia |
| Procter & Gamble | suspend new investment/advertising in Russia |
| Reckitt Benckiser Group | suspend new investments/advertising in Russia |
| Rockwool | cancel new investments in Russia |
| Sanofi | suspend new investment/advertising in Russia |
| Schlumberger | suspend new investments/development |
| Schneider Electric | suspend new investments in Russia |
| Siemens | freeze new business in Russia |
| Siemens Energy AG (Independent) | freeze new business in Russia |
| Subway | suspend new investments/advertising |
| TotalEnergies | suspend new investmenta in Russia |
| Trafigura | suspend new investments in Russia |
| Unilever | suspend new investments but not domestic operations |
| Weatherford International | suspend new investments/deployments in Russia |
| Yum Brands | suspend new investments in Russia |
Reducing Current Operations (list Companies withdrawn from Russia)
| Name | Action |
|---|---|
| Abbvie | suspend aesthetics operations, pause new clinical trials |
| Allianz | meaningfully reduce exposure to Russia |
| Amadeus IT Group | suspend partnership with Aeroflot |
| Bacardi | paused exports to Russia but not domestic operations |
| BNP Paribas | suspend new business in Russia/curtail financing |
| Bosch | suspend some shipments and plants but not all |
| Bunge | suspend exports but continue certain domestic |
| Carlsberg | suspend exports and certain operations |
| Coinbase | block certain illicit Russian accounts but not all |
| Deere | suspend shipments into Russia only |
| Dow | suspend investments/some purchases but not all |
| Elsevier | suspended all sales except essential health products |
| Fieldfisher | suspend certain Russian relationships |
| Fortive | suspend most operations except medical essentials |
| GE | suspend certain operations but continue others |
| Goldman Sachs | wind down business in Russia but buy Russian debt |
| HSBC | curtail Russian access to capital markets |
| ING NV | curtail Russian access to capital markets |
| JPMorgan | wind down business in Russia but buy Russian debt |
| Kearney | suspend certain operations in Russia |
| Kellogg | suspend new investments except essentials (minor) |
| Miele | suspend operations except exempt healthcare |
| Nalco Water (Ecolab) | suspended services except services critical to health |
| Natura | suspend some subsidiary operations but not all |
| NielsenIQ | suspend consulting service but not core business |
| Nokian Tyres | meaningfully reduce production in Russia |
| Oriflame Cosmetics | suspend online sales to end consumers but not others |
| Pepsi | suspend operations in Russia except essentials |
| Sidley Austin | suspend services for all Kremlin entities |
| Skadden | suspend certain operations in Russia but not all |
| Whirlpool | limiting production in Russia |
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