Since Russia’s invasion of Ukraine in late February, companies with commercial relationships with Russia have been faced with the decision to stop doing business there, curtail operations, or continue operating in a country regarded as an international pariah.
Companies may want to consider public relations in their decision, as people have been keeping track. Jeffrey Sonnenfeld, senior associate dean for leadership studies at Yale School of Management, and a team of experts, research fellows, and students at the Yale Chief Executive Leadership Institute have been updating a list of companies doing (or not doing) business with Russia. (These are the companies refusing to leave Russia.)
To identify the companies exiting Russia completely, 24/7 Wall St. reviewed their report “Over 450 Companies Have Withdrawn from Russia – But Some Remain,” updated April 1, 2022. Of the 178 entities categorized under “withdrawing,” we selected the 87 that have taken the strongest stance based on certain tags such as exiting Russia completely, full divestiture from Russia, and suspend all business with Russia, among others. Data was pulled early April.
Of the 87 companies that are leaving Russia completely, 57 are from the United States. Many of the American businesses that left Russia are in what Sonnenfeld classifies as “asset-light” sectors such as accounting, law, advertising, entertainment, and technology service firms. They can more easily sever ties with Russia than, say, capital-heavy companies such as energy businesses. Among the notable U.S. businesses pulling out of Russia are Airbnb, Alcoa, Live Nation Entertainment, eBay, and Expedia. (Find out if any of these are America’s favorite retailer.)
Ten companies from the United Kingdom have cut links with Russia, including clothing retailers, law firms, and energy company Shell.
Some of the other bold-faced companies exiting Russia include automaker Daimler (Germany), clothing business Ferragamo (Italy), beer maker Heineken (the Netherlands), and jewelry and silverware manufacturer Swarovski (Liechtenstein).
Click here to see the companies that have suspended all operations in Russia.
Click here to read our detailed methodology.
Source: JHVEPhoto / iStock Editorial via Getty Images
Accenture
> Action: Exiting Russia completely
> Country: Ireland
> Industry: Computer systems design services
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Acronis
> Action: Suspend operations in Russia
> Country: United States
> Industry: Computer and office machine repair and maintenance
Source: Mario Tama / Getty Images
Activision Blizzard
> Action: Suspend all sales in Russia
> Country: United States
> Industry: Data processing, hosting, and related services
Source: eclipse_images / E+ via Getty Images
Adenza
> Action: Suspend operations in Russia
> Country: United Kingdom
> Industry: Custom computer programming services
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Source: Raysonho @ Open Grid Scheduler / Grid Engine / Wikimedia Commons
AECOM
> Action: Suspend operations in Russia
> Country: United States
> Industry: Engineering services
Source: Courtesy of Air Products
Air Products
> Action: Full divestiture from Russia
> Country: United States
> Industry: Industrial gas manufacturing
Source: stockcam / iStock Unreleased via Getty Images
Airbnb
> Action: Suspend bookings in Russia
> Country: United States
> Industry: Data processing, hosting, and related services
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Source: JHVEPhoto / iStock Editorial via Getty Images
Alcoa
> Action: Suspend all business with Russia
> Country: United States
> Industry: Metal service centers and other metal merchant wholesalers
AMD
> Action: Suspend all sales to Russia
> Country: United States
> Industry: Electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers
Source: Wavebreakmedia / iStock via Getty Images
Asos
> Action: Suspend all shipments to Russia
> Country: United Kingdom
> Industry: Other clothing stores
Source: simona flamigni / iStock Editorial via Getty Images
Assicurazioni Generali
> Action: Exit Russia completely
> Country: Italy
> Industry: Financial services
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Source: JHVEPhoto / iStock Editorial via Getty Images
Autodesk
> Action: Suspend operations in Russia
> Country: United States
> Industry: Computer and office machine repair and maintenance
Source: jetcityimage / iStock Editorial via Getty Images
Avery Dennison
> Action: Exit Russian operations
> Country: United States
> Industry: Electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers
Source: Courtesy of Avid
Avid
> Action: Suspend all sales to Russia
> Country: United States
> Industry: Other miscellaneous durable goods merchant wholesalers
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Source: Courtesy of Baker Botts
Baker Botts
> Action: Suspend operations in Russia
> Country: United States
> Industry: Offices of lawyers
Source: pidjoe / E+ via Getty Images
BBDO
> Action: Exit Russian operations
> Country: United States
> Industry: Offices of other holding companies
Source: Kerkez / iStock via Getty Images
BCG
> Action: Suspend all consulting in Russia
> Country: United States
> Industry: Other management consulting services
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Source: kurmyshov / iStock via Getty Images
Boohoo Group
> Action: Suspend all shipments to Russia
> Country: United Kingdom
> Industry: Other clothing stores
Source: spooh / E+ via Getty Images
Booking
> Action: Suspend bookings in Russia
> Country: United States
> Industry: Travel agencies
Source: grinvalds / iStock Editorial via Getty Images
Bose
> Action: Suspend all operations in Russia
> Country: United States
> Industry: All other general merchandise stores
Source: Funtay / iStock via Getty Images
British American Tobacco
> Action: Exit Russian operations
> Country: United Kingdom
> Industry: Tobacco manufacturing
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Bryan Cave
> Action: Exit Russian operations
> Country: United States
> Industry: Offices of lawyers
Source: vorDa / E+ via Getty Images
Bumble
> Action: Suspend operations in Russia
> Country: United States
> Industry: Software publishers
Carlsberg
> Action: Exit Russia completely
> Country: Denmark
> Industry: Breweries
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Source: Courtesy of Clarivate
Clarivate
> Action: Exit Russian operations
> Country: United Kingdom
> Industry: Other management consulting services
Source: fizkes / iStock via Getty Images
Coupa
> Action: Suspend operations in Russia
> Country: United States
> Industry: Blank magnetic and optical recording media manufacturing
Source: Sundry Photography / iStock Editorial via Getty Images
Coursera
> Action: Suspend operations in Russia
> Country: United States
> Industry: Software publishers
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Source: 61252770@N06 / Flickr / Public Domain
Cummins
> Action: Exit Russian operations
> Country: United States
> Industry: Other motor vehicle parts manufacturing
Source: Thomas Niedermueller / Getty Images News via Getty Images
Daimler
> Action: Suspending all business in Russia
> Country: Germany
> Industry: Automobile manufacturing
Source: Jarretera / iStock Editorial via Getty Images
DB Schenker
> Action: Suspend all shipments to Russia
> Country: Germany
> Industry: Freight transportation arrangement
Source: Prostock-Studio / iStock via Getty Images
DDB
> Action: Exit Russian operations
> Country: United States
> Industry: Offices of other holding companies
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Source: Worawee Meepian / iStock via Getty Images
Dechert
> Action: Suspend operations in Russia
> Country: United States
> Industry: Offices of lawyers
Source: GoodLifeStudio / iStock Unreleased via Getty Images
Deezer
> Action: Suspend operations in Russia
> Country: France
> Industry: Engineering services
Source: tzahiV / Getty Images
Deloitte
> Action: Leaving Russia completely
> Country: United States
> Industry: Other accounting services
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Source: belenox / Getty Images
Dentons
> Action: Exit Russian operations
> Country: Switzerland
> Industry: Offices of lawyers
Source: Chris Graythen / Getty Images
DXC Technology
> Action: Leaving Russia completely
> Country: United States
> Industry: Custom computer programming services
Source: Alicia_Garcia / Getty Images
EarthDaily Analytics
> Action: Suspend operations in Russia
> Country: United States
> Industry: Other scientific and technical consulting services
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Source: hapabapa / iStock Editorial via Getty Images
eBay
> Action: Suspend all shipments to Russia
> Country: United States
> Industry: Electronic shopping and mail order houses
Source: Sundry Photography / iStock Editorial via Getty Images
Electronic Arts
> Action: Suspend all operations in Russia
> Country: United States
> Industry: Software publishers
Source: Wachiwit / iStock Editorial via Getty Images
Expedia
> Action: Suspend bookings in Russia
> Country: United States
> Industry: Travel agencies
Source: JHVEPhoto / iStock Editorial via Getty Images
EY
> Action: Leaving Russia completely
> Country: United States
> Industry: Other accounting services
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Farfetch
> Action: Suspend all shipments to Russia
> Country: United Kingdom
> Industry: Electronic shopping and mail order houses
Source: DedMityay / iStock via Getty Images
Fazer
> Action: Suspend operations in Russia
> Country: Finland
> Industry: Perishable prepared food manufacturing
Source: Manakin / iStock Editorial via Getty Images
Ferragamo
> Action: Suspend all shipments to Russia
> Country: Italy
> Industry: Other clothing stores
Source: Michael Vi / iStock Editorial via Getty Images
FICO
> Action: Exiting all work in Russia
> Country: United States
> Industry: All other support services
Source: majaiva / iStock Unreleased via Getty Images
Fitch
> Action: Suspend operations in Russia
> Country: United States
> Industry: Credit bureaus
Source: Rudy Carezzevoli / Getty Images
Formula One
> Action: Suspend all operations in Russia
> Country: United States
> Industry: Arts, entertainment, and recreation
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Fortinet
> Action: Suspend operations in Russia
> Country: United States
> Industry: Software publishers
Source: serrvill / Flickr
Geodis
> Action: Suspend all shipments to Russia
> Country: France
> Industry: Freight transportation arrangement
Global Foundries
> Action: Suspend all shipments to Russia
> Country: United States
> Industry: Electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers
Source: DmitriyBurlakov / Getty Images
Grainpro
> Action: Suspend all operations in Russia
> Country: United States
> Industry: All other miscellaneous store retailers
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Source: Courtesy of Grammarly
Grammarly
> Action: Suspend operations in Russia
> Country: United States
> Industry: Computer systems design services
Source: benoitb / Getty Images
Heineken
> Action: Exit Russia completely
> Country: Netherlands
> Industry: Breweries
Source: Sitthiphong / iStock via Getty Images
Herbert Smith
> Action: Suspend operations in Russia
> Country: Australia
> Industry: Offices of lawyers
Source: phaustov / iStock Editorial via Getty Images
Hogan Lovells
> Action: Exit Russian operations
> Country: United Kingdom
> Industry: Offices of lawyers
Interpublic Group
> Action: Exit Russian operations
> Country: United States
> Industry: Marketing consulting services
JetBrains
> Action: Suspend all activity indefinitely
> Country: Czech Republic
> Industry: Custom computer programming services
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Source: JHVEPhoto / iStock Editorial via Getty Images
KPMG
> Action: Leaving Russia completely
> Country: United States
> Industry: Other management consulting services
Source: Courtesy of Kuehne+Nagel
Kuehne + Nagel AG
> Action: Suspend all shipments to Russia
> Country: Switzerland
> Industry: Freight transportation arrangement
Source: ljubaphoto / E+ via Getty Images
Latham & Watkins
> Action: Suspend operations in Russia
> Country: United States
> Industry: Offices of lawyers
Source: Eric Broder Van Dyke / iStock Editorial via Getty Images
Live Nation Entertainment
> Action: Suspend all operations in Russia
> Country: United States
> Industry: Arts, entertainment, and recreation
[in-text-ad]
Source: JHVEPhoto / iStock Editorial via Getty Images
Marsh McLennan
> Action: Exit operations in Russia
> Country: United States
> Industry: Other management consulting services
Source: SDI Productions / E+ / Getty Images
McKinsey
> Action: Suspend all consulting in Russia
> Country: United States
> Industry: Administrative management and general management consulting services
Source: insta_photos / Getty Images
Morgan Lewis
> Action: Suspend operations in Russia
> Country: United States
> Industry: Offices of lawyers
Source: wutwhanfoto / iStock Editorial via Getty Images
Netflix
> Action: Suspend operations in Russia
> Country: United States
> Industry: Data processing, hosting, and related services
Source: standret / iStock via Getty Images
Netscout
> Action: Suspend Russian operations
> Country: United States
> Industry: Telecommunications resellers
Norton Rose Fulbright
> Action: Exit from Russia
> Country: United Kingdom
> Industry: Offices of lawyers
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Source: Spencer Platt / Getty Images
Omnicom Group, Inc.
> Action: Exit Russian operations
> Country: United States
> Industry: Offices of other holding companies
Source: Courtesy of Omnicom Media Group
Omnicom Media Group
> Action: Exit Russian operations
> Country: United States
> Industry: Offices of other holding companies
Orkla
> Action: Exit Russian operations
> Country: Norway
> Industry: All other miscellaneous food manufacturing
Source: izikMd / iStock via Getty Images
Paulig
> Action: Suspend operations in Russia
> Country: Finland
> Industry: All other miscellaneous food manufacturing
[in-text-ad]
PwC
> Action: Leaving Russia completely
> Country: United States
> Industry: Other accounting services
Source: Joe Raedle / Getty Images News via Getty Images
Radio Free Europe
> Action: Suspend operations in Russia
> Country: Czech Republic
> Industry: Radio and television broadcasting and wireless communications equipment manufacturing
Source: SARINYAPINNGAM / iStock via Getty Images
SAP
> Action: Stop all sales to Russia and shut down cloud operations
> Country: Germany
> Industry: Custom computer programming services
Source: Scott Barbour / Getty Images
Shell
> Action: Suspend operations in Russia
> Country: United Kingdom
> Industry: Petroleum refineries
Source: theprint / iStock via Getty Images
Signet Jewelers
> Action: Suspend operations in Russia
> Country: United States
> Industry: Jewelry stores
Source: ilkercelik / Getty Images
Squire Patton Boggs
> Action: Suspend operations in Russia
> Country: United States
> Industry: Offices of lawyers
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Source: Joe Raedle / Getty Images
Stanley Black & Decker
> Action: Suspend operations in Russia
> Country: United States
> Industry: Power driven handtool manufacturing
Source: ewastudio / iStock Editorial via Getty Images
Swarovski
> Action: Suspend all sales in Russia
> Country: Liechtenstein
> Industry: Jewelry and silverware manufacturing
Source: gorodenkoff / Getty Images
Take-Two Interactive
> Action: Suspend all sales in Russia
> Country: United States
> Industry: Software publishers
Source: baranozdemir / Getty Images
Teradata
> Action: Stopped all business in Russia
> Country: United States
> Industry: Data processing, hosting, and related services
[in-text-ad]
Source: Sundry Photography / iStock Editorial via Getty Images
Upwork
> Action: Suspend operations in Russia
> Country: United States
> Industry: Administrative management and general management consulting services
Source: MicroStockHub / iStock via Getty Images
Vanguard
> Action: Suspend operations in Russia
> Country: United States
> Industry: Open end investment funds
24/7 Wall St.
Source: fizkes / Getty Images
Winston & Strawn
> Action: Suspend operations in Russia
> Country: United States
> Industry: Offices of lawyers
Source: Courtesy of WPP
WPP PLC
> Action: Suspend all operations in Russia
> Country: United Kingdom
> Industry: Advertising agencies
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Source: Joachim Sielski / Getty Images
WWE
> Action: Suspend all operations in Russia
> Country: United States
> Industry: Arts, entertainment, and recreation
Source: Yuriy Kovtun / Getty Images
YOOX
> Action: Suspend all shipments to Russia
> Country: Italy
> Industry: Other clothing stores
Methodology
To identify the companies exiting Russia completely, 24/7 Wall St. reviewed the report “Over 450 Companies Have Withdrawn from Russia – But Some Remain” updated April 1, 2022 by researchers at the Yale school of management. Of the 178 entities categorized in the Yale report under “Withdrawing,” we selected the 87 that have taken the strongest stance based on the tags below, pulled in April 2022.
exiting Russia completely, full divestiture from Russia, suspend all business with Russia, suspend all sales to Russia, suspend all shipments to Russia, exit Russian operations, suspend all consulting in Russia, suspend all operations in Russia, suspending all business in Russia leaving Russia completely, exiting all work in Russia, suspend all activity indefinitely, exit operations in Russia, suspend Russian operations, exit from Russia, stop all sales to Russia and shut down cloud operations, stopped all business in Russia
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