Yale School of Management: “Since the invasion of Ukraine began, we have been tracking the responses of well over 1,200 companies, and counting. Over 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.

• 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 watch President Zelenskyy’s interactive Q&A, hosted by Jeffrey Sonnenfeld and live-streamed by CNBC, with over 150 top US CEOs at the Yale CEO Summit in June 2022, and click here to read about President Zelenskyy’s key lessons for business leaders.
• Click here to watch President Zelenskyy’s interactive Q&A with Yale students, hosted by Jeffrey Sonnenfeld, from autumn 2022.
• Click here to read our recent SSRN working paper on how “Business Retreats and Sanctions Are Crippling the Russian Economy“, and click here to download the accompanying slide deck presenting this data visually.
• Click here to read the accompanying Foreign Policy op-ed, “Actually, the Russian Economy is Imploding”, co-authored with Steven Tian.
• Click here to read the accompanying Foreign Policy op-ed, “The World Economy No Longer Needs Russia“.
• 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.
• 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.“