More than 550 global companies are still doing business in Russia

16:22, 21.01.2023

More than 550 international companies, many from Europe, are still doing business in Russia to a lesser or greater extent, defying public pressure to pull out of the country following the invasion of Ukraine, according to a new report by Yale University, as reported by Euronews.

Out of these, 223 companies are considered to be operating “business as usual,” including prominent firms from Italy (Boggi, Benetton, Calzedonia), France (Clarins, Etam, Lacoste), Germany (Siemens Healthineers, B. Braun), and the Netherlands (Philips).

The “business as usual” list also features some well-known American firms, like Tom Ford, Tupperware and TGI Friday’s, as well as numerous Chinese enterprises, like Alibaba, Tencent and ZTE, and air passenger carries, like Emirates Airlines, Egyptair, Qatar Airways and Turkish Airlines.

The numbers are compiled and regularly updated by an expert team from Yale University, which has been tracking corporate announcements since the war broke out in February 2022.

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