Starbucks logo and McDonald’s golden archesWith both coffee and fast food chains exiting the country, But Russians are still enjoying American delicacies like burgers and pizza, as Hard Rock Cafe and Sbarro are among more than two dozen American companies that continue to operate as usual in Russia.
27 U.S.-based companies are ignoring calls to withdraw or reduce activity in Russia, according to a run match Yale University management professor Jeffrey Sonnenfeld and his research team.
While both Starbucks and McDonald’s have announced their complete withdrawal from Russia in recent days, Hard Rock continues to operate Hard Rock Cafes in Moscow and St. Petersburg, Russia. The company, acquired by the Florida Seminole Tribe in 2007, did not respond to a request for comment.
Another fast food supplier, the American pizza chain Sbarro, is also standing still. The privately held company has been operating in Russia since 1997 and signed a new franchise agreement in the country in 2017. cooperating Partnership with Horeca Band Group and plans to open more than 300 Sbarro restaurants in Russia by 2027. It did not respond to a request for comment.
According to Sonnenfeld, it’s not just the food chain that is “digging”. The owner of online dating service Match.com and its Tinder division continues to operate in Russia, as long as Russia’s war in Ukraine continues, executives at the dating firm said on an earnings call earlier this month.
“European performance was impacted by Russia’s invasion of Ukraine, which reduced revenue for Russia, Ukraine and several other neighboring countries,” said Gary Swidler, chief operating and financial officer at Match.
Dallas, Texas-based Match Group did not respond to a request for comment.
Dating app Bumble decided differently. March, social networking platforms said It is ceasing operations in Russia and removing its apps from the Apple App Store and Google Play Store in Russia and Belarus.
Some companies, considered by Sonnenfeld and his team to be among the worst offenders, have challenged claims that they have not pulled out of Russia and are business as usual.
Lake Forest, Illinois-based auto parts supplier Tenneco, Open A manufacturing plant in Togliatti, Russia in 2003, and Emission plant Four years later, in St. Petersburg, Russia. The company currently has four factories in Russia, two of which are idle. “We have stopped communicating with the other two companies and have no information about their status,” Tenneco said in an emailed statement.
It said Tenneco, in compliance with international laws and sanctions, has suspended cross-border shipments and that no raw materials, components or finished products are entering or leaving Russia or Belarus.
“We remain concerned about the health and safety of people in Ukraine, Russia and other affected regions. We will continue to provide updates and do everything we can to help our team members, customers and suppliers navigate this situation safely, as we have Hope for a peaceful solution,” the company said.
still in Russia
Below is a summary of US companies that have received an “F” rating from Sonnenfeld for business decisions in Russia.
- Elmbridge Hotel. This Plano, Texas-based hotel management company operates more than 1,400 hotels in 49 states and 20 countries, including continuing operations in Russia.
- Alignment technology. Tempe, Arizona-based medical device maker this month quote The conflict in Ukraine is one of the factors that “could adversely affect our commercial and research and development activities in Russia and abroad.”
- AmdocsAccording to Sonnenfeld, the information technology company, founded in Israel and headquartered in Jersey City, New Jersey, “is still working with Russian partners.” Chief Executive Shuki Schaeffer said on a May 11 earnings call that the company said its exposure to Russia and Ukraine, which accounted for about 1% of revenue, was unimportant. Amdocs complies with applicable U.S. sanctions against Russia and has stopped selling its products and services in the country, he said.
- Amgen. The Thousand Oaks, California-based drugmaker opened an office in Moscow in 2006, the company’s activities Currently According to its website, it covers the entire territory of the Russian Federation, from Kaliningrad to Kamchatka.
- Avaya. The information technology company is still supporting its Russian partner.Military conflicts, sanctions and export controls imposed by the United States and other countries “severely limit our ability to conduct business in the United States with Russian companies, organizations and individuals,” the company said. said in regulatory filings. It expects to lose $45 million in expected revenue this year in Russia and another $15 million as other countries shift priorities due to the war.
- Cloud Fare. The San Francisco security and network performance service provider is complying with the sanctions, but decided not to terminate its services in Russia. “Russia needs more internet access, not less,” said Matthew Prince, the company’s co-founder and CEO, wrote March. “We believe that removing our service from Russia would do more harm than good,” a spokesperson told CBS MoneyWatch in an email.
- Donaldson Company. The Bloomington, Minnesota-based manufacturer of industrial air filtration systems continues to sell to Russia.
- Flitko. The Atlanta-based payment service provider for transportation companies has about 600 employees in Russia and continues to operate as usual.
- Forever products. The Scottsdale, Arizona-based privately held multi-level marketing firm still operates in Russia.
- Huntsman Corporation. The Woodlands, Texas-based industrial chemicals maker still operates in Russia.
- International Paper. The Memphis, Tennessee-based company launched in March said it may sell 50% of its bet A major forest products company in Russia, but will continue to operate in the country.
- IQVIA. This Danbury, Conn.-based provider of medical analytics is still operating in Russia and actively hiring.
- Jianmin Industry. Feed Additive Supplier in Des Moines, Iowa form The Russian subsidiary was established in 2016 and is still operating in the country.
- Koch Industries Still operating in Russia. Guardian Glass is a subsidiary of Wichita, Kansas Industries Group memorandum last month. Koch President Dave Robertson told employees at a meeting to “find an exit strategy” while keeping their roughly 600 employees safe.
- Medtronic. The Minneapolis, Minnesota-based medical device company continues to operate a subsidiary in Russia.Company April condemn Russia invaded Ukraine and said it would continue to support essential business activities that provide its life-saving and sustaining products. The company has not made new investments or started new clinical trials in the country.
- Parka. The Bellevue, Washington-based truck maker is still active in Russia. It has suspended truck and parts sales in Russia and Belarus to comply with international sanctions and manage export sales to the country through independent dealers and third-party-owned warehouses, the company said in a regulatory filing. . archive. Last year, it sold 2,500 trucks to Russia and Belarus.
- Riot Games. The company still operates and sells products in Russia.
- Stryker. The Kalamazoo, Michigan-based manufacturer of orthopedic equipment continues to sell and import to Russia.
- TGI Friday. The company still operates in Russia.The restaurant chain in Dallas, Texas opened in March said It will donate Russian restaurant franchise fees to Ukrainian relief efforts.
- Titan Internationall. As one of the largest manufacturers of off-road tires and wheels, the Quincy, Illinois-based company still operates in Russia. The company said in a regulatory filing that it stopped investing in its Russian operations and was reducing the operational capacity of its factories in southwestern Russia to comply with international sanctions. archive. In the first quarter ended March 31, its Russian business accounted for approximately 5% of global consolidated sales.
- Tom Ford. The New York-based fashion house opened its first store in Russia in 2011 and still operates in the country.
- valve companyThe Bellevue, Washington-based entertainment software and technology company behind the Steam gaming platform is still serving Russia.
- Zimmer Biomet. The Warsaw, Indiana-based medical device maker continues to sell in Russia.Company March statement It has customers, distributors and employees in Ukraine and Russia, and is focused on staying connected and supporting everyone. The company condemned the invasion of Ukraine in an emailed statement to CBS MoneyWatch. “We currently continue to serve hospitals and nursing teams in Russia,” a spokesman said, adding that some of the profits from selling its products in Russia will go to rescue efforts in Ukraine.