Forty-two companies — including three Taiwanese firms — are still operating in Russia, despite the majority of international companies having left the country in protest over its invasion of Ukraine, US research showed yesterday.
On Feb. 28 — four days after the invasion began — Jeffrey Sonnenfeld, the senior associate dean for Leadership Studies at the Yale School of Management, and other Yale researchers published on a Web site a list of companies that had left Russia or were continuing to operate in the country.
The team divided the list into five categories: “withdrawal,” “suspension,” “scaling back,” “buying time” and “digging in” to describe their actions since the invasion.
Photo: Cho Yi-chun, Taipei Times
The Web site says that firms in the “suspension” category are “temporarily curtailing operations while keeping return options open,” while those “buying time” are “postponing future planned investment, development and marketing while continuing substantive business.”
Those “digging in” are “companies defying demands for exit/reduction of activities,” it says.
As of yesterday, the Yale School of Management Web site, where an Excel spreadsheet of the firms can be downloaded, showed 174 companies in the “withdrawal” category, or an “A” grade, 195 in “suspension” (B grade), 31 “scaling back” (C grade) and 56 “buying time” (D grade).
Forty-two were listed as “digging in,” or given an “F” grade, including Taiwanese tech firms Acer Inc (宏碁), Asustek Computer Inc (華碩, Asus) and Micro-Star International Co (微星科技, MSI).
Other international companies listed as remaining in the Russian market included French supermarket chain Carrefour, French sporting goods retailer Decathlon, British-Swedish pharmaceutical and biotechnology company AstraZeneca and Swiss financial services firm Credit Suisse.
New Taipei City-based Acer yesterday said that it would “comply with all laws and regulations related to international trade.”
MSI as of press time last night had not commented publicly on its inclusion on the list.
Asus on March 14 said that it has effectively stopped shipping to Russia and would donate NT$30 million (US$1.05 million) to a disaster relief fund for Ukraine after Ukrainian Deputy Prime Minister Mykhailo Fedorov wrote on Twitter that Asus should withdraw from the Russian market.
TRAGEDY STRIKES TAIPEI: The suspect died after falling off a building after he threw smoke grenades into Taipei Main Station and went on a killing spree in Zhongshan A 27-year-old suspect allegedly threw smoke grenades in Taipei Main Station and then proceeded to Zhongshan MRT Station in a random killing spree that resulted in the death of the suspect and two other civilians, and seven injured, including one in critical condition, as of press time last night. The suspect, identified as a man surnamed Chang Wen (張文), allegedly began the attack at Taipei Main Station, the Taipei Fire Department said, adding that it received a report at 5:24pm that smoke grenades had been thrown in the station. One man in his 50s was rushed to hospital after a cardiac arrest
A car bomb killed a senior Russian general in southern Moscow yesterday morning, the latest high-profile army figure to be blown up in a blast that came just hours after Russian and Ukrainian delegates held separate talks in Miami on a plan to end the war. Kyiv has not commented on the incident, but Russian investigators said they were probing whether the blast was “linked” to “Ukrainian special forces.” The attack was similar to other assassinations of generals and pro-war figures that have either been claimed, or are widely believed to have been orchestrated, by Ukraine. Russian Lieutenant General Fanil Sarvarov, 56, head
SAFETY FIRST: Double the number of police were deployed at the Taipei Marathon, while other cities released plans to bolster public event safety Authorities across Taiwan have stepped up security measures ahead of Christmas and New Year events, following a knife and smoke bomb attack in Taipei on Friday that left four people dead and 11 injured. In a bid to prevent potential copycat incidents, police deployments have been expanded for large gatherings, transport hubs, and other crowded public spaces, according to official statements from police and city authorities. Taipei Mayor Chiang Wan-an (蔣萬安) said the city has “comprehensively raised security readiness” in crowded areas, increased police deployments with armed officers, and intensified patrols during weekends and nighttime hours. For large-scale events, security checkpoints and explosives
PUBLIC SAFETY: The premier said that security would be tightened in transport hubs, while President Lai commended the public for their bravery The government is to deploy more police, including rapid response units, in crowded public areas to ensure a swift response to any threats, President William Lai (賴清德) said yesterday after a knife attack killed three people and injured 11 in Taipei the previous day. Lai made the remarks following a briefing by the National Police Agency on the progress of the investigation, saying that the attack underscored the importance of cooperation in public security between the central and local governments. The attack unfolded in the early evening on Friday around Taipei Main Station’s M7 exit and later near the Taipei MRT’s Zhongshan
RSS