Business vows to leave Russia hold firm one year into Ukraine war
One year after Russia launched its invasion, many of the largest U.S. companies say their moves to withdraw or suspend operations there remain in effect.
One year after Russia invaded Ukraine, many of the largest U.S. companies say their moves to suspend operations or withdraw from Russia remain in effect.
An NBC News review of the 30 companies that make up the Dow Jones Industrial Average found that 24 had disclosed businesses in Russia before the war. Of those 24 firms, 18 have either suspended business in Russia or exited the country over the past year, and the remaining six have reduced the scope of their operations there, according to company spokespeople reached by NBC News and past public statements.
Six companies in the Dow 30 haven’t publicly clarified their business dealings in Russia, if any, since the invasion. But two of them — Walmart and Home Depot — told NBC News that they had no prior or current business there. The other four didn’t respond to requests for comment.
Seven companies that announced last spring that they were paring back at least some operations from Russia didn’t respond to requests for an update on those moves. But all 19 of the firms that did provide updates or confirmation of their status as of Friday said they had no plans to cultivate closer ties with Russia.
The trend extends beyond the C-suites of the Dow 30.
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