Ground Report | New Delhi: Companies still doing business in Russia; The list of companies that continue to operate in Russia shrinks by the minute, but dozens of corporations, including multinational manufacturers and hotel chains, are still doing business in the country despite intense public pressure to back their invasion of Ukraine.
A Yale University professor has compiled a list of companies that are still doing business in Russia, even as many companies are headed for an exit after Vladimir Putin’s invasion of Ukraine.
Jeffrey Sonnenfeld, who heads the nonprofit Chief Executive Leadership Institute at Yale, put together the list, which has now grown to 280 Western companies that have withdrawn their ties with Russia — as well as those that have become Has happened.
McDonald’s was among the big-name companies to announce on March 8 that it would temporarily close 850 of its restaurants in Russia. Cola-Cola and PepsiCo quickly followed suit, as did restaurant chain Papa John’s and others the next day.
Caterpillar cited “supply chain disruptions and sanctions” for its decision to suspend operations at its Russian manufacturing facilities on March 9. “We recognize that this is a time of incredible uncertainty for our valued employees, and we will continue to look for ways to support them,” the equipment maker said.
Companies still doing business in Russia
Accor
AmerisourceBergen
Arconic
Bridgestone Tire
Bunge
Cargill
Caterpillar
Citi
Coty
Deere
Fast Retailing/Uniqlo
Ferragamo
Herbalife
Hilton
Honeywell
Hyatt
Intercontinental Hotels
Kellogg:
Kimberly-Clark
Kraft Heinz
Marriott
Mars
Mohawk Industries
Mondelez
Nestle
Otis Worldwide
Papa John’s
Philip Morris:
Pirelli
Timken
Whirlpool
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