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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.

Although we are pleased that our list has been widely circulated across company boardrooms, government officials, and media outlets as the most authoritative and comprehensive record of this powerful, historic movement, we are most inspired by the thousands of messages we have received from readers across the globe, especially those from Ukraine, and we continue to welcome your tips - preferably with documentation - as well as your insights, and feedback, at

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 Zelensky's key lessons for business leaders.

Click here to read our recent SSRN working paper on the response across financial markets to our list, in which we demonstrate that investors are penalizing companies that remain in 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: 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.

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