YALE, CT: The Yale School of Management is keeping a tally of the 1,000-plus companies doing business with Russia prior to its invasion of Ukraine.

As of April 14, Yale says over 600 have announced a voluntarily curtailing of operations beyond the minimum required by international sanctions.

Originally a simple ‘withdraw’ versus ‘remain’ list, the school’s database now consists of five categories from an ‘A’ for a complete withdrawal to an ‘F’ for 210 companies for whom it is still business-as-usual.

They include Emirates Airline and Qatar Airways; US-based Amgen, Koch Industries, Owens Corning and GXO Logistics; Thyssen-Krupp, Globus and Liebherr from Germany; Jacques-Dessange, Lacoste and satellite provider Eutelsat (France); Oasis Logistics (China); Air Serbia and Turkish Airlines.

The list is updated by senior associate dean Jeffrey Sonnenfeld and experts, research fellows and students from the Yale Chief Executive Leadership Institute: https://www.yalerussianbusinessretreat.com/

His team includes backgrounds in financial analysis, economics, accounting, strategy, governance, geopolitics, and Eurasian affairs with collective fluency in 10 languages including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and English.

The dataset is compiled from government regulatory filings, tax documents, company statements, financial analyst reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters plus business media from 166 countries. Non-public sources include a global wiki-style network of 150+ company insiders, whistleblowers and executive contacts.