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Steven Tian

  • Loopholes Persist in the Dragnet around Russia’s Economy

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian, who have been tracking companies’ disengagement from Russia, write that Asian airlines, European aviation giants, and sanctions evaders are gaming the system and gaining an advantage over their American competitors.

    An aircraft from the Russian carrier Aeroflot seen through a fence in a long-term parking area at Geneva Airport in March 2022.
  • The Myth of Putin as World Energy Czar Is Running Out of Gas

    Media commentary suggests that Russia is using its energy resources to hold the rest of the world hostage. To the contrary, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian, Russia’s actions have devastated its own economy and undermined its status as an energy exporter.

    A Gazprom employee at the Bovanenkovo gas field on the Yamal peninsula in the Arctic circle in 2019. 
  • Businesses Staying in Russia Are Underperforming the Market

    A new analysis from Prof. Jeffrey Sonnenfeld and his team suggests that the firms cutting ties with Russia are seeing markedly better shareholder returns.

    A young woman near the Kremlin on April 27, 2022.
  • Some of the Biggest Brands Are Leaving Russia. Others Just Can’t Quit Putin.

    Since the invasion of Ukraine, Prof. Jeffrey Sonnenfeld and his team have been tracking which companies have withdrawn from Russia, which are making partial moves, and which are staying put.

    A Subway restaurant in Moscow.