More Than Half of International Companies Keep Doing Business with Russia One Year After the Invasion of Ukraine

Original Author: Sebastian Shehadi
Publication: Investor Monitor
Published Date: 01/03/2023

The majority of international companies that had ties to Russia at the start of 2022 continue to do business in the country, a new analysis of 3,078 multinationals reveals.

“Companies are playing a potentially lethal game of corporate Russian roulette by wilfully accepting exposure to an array of regulatory, legal, reputational and financial risks by continuing to do business and utilise supply chains under military control in Russia,” said Rich Stazinski, member of the B4Ukraine coalition.

“As the invasion passes its tragic anniversary, CEOs are gambling with Ukrainian lives by ignoring mounting risks in pursuit of marginal profits. It is passed time for allied governments to issue business advisories on Russia and clearly convey these heightened material risks to their domiciled companies,” he added.

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