Over 1,000 major companies have left Russia, Yale study shows

3 August, 02:23 PM
A total of 237 foreign companies continue to work in Russia despite the war, a Yale study has found. (Photo:Politiken)

A total of 237 foreign companies continue to work in Russia despite the war, a Yale study has found. (Photo:Politiken)

While more than 1,000 major global businesses have curtailed their presence on the Russian market since the war’s outbreak, at least 237 still maintain their operations there, according to a study by Yale School of Management published on July 20.

As part of a broader examination of how the Russian economy is faring under Western sanctions, the team of Yale researchers, chaired by Professor Jeffrey Sonnenfeld, graded major Russia-involved companies as follows:

A – abandoned Russia completely (309 companies);

B – suspended operations (497 companies);

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C – scaled down operations (171 companies);

D – halted further investment (160 companies);

F – business as usual (237 companies).

Most of the companies from the F group are Chinese, although a handful of U.S. businesses are also present there – Patreon, Cloudflare, and Valve Corporation.

The full list of the companies mentioned in the study can be found in the paper here.

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