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Global Business

No, the Business Exodus from Russia Was Not a Bonanza for Putin

Yale SOM’s Jeffrey Sonnenfeld and Steven Tian, with Tymofiy Mylovanov and Nataliia Shapoval of the Kyiv School of Economics, respond to a New York Times articles on the effect of the boycott.

A former McDonald’s restaurant in Moscow, with a different logo on otherwise similar food and packaging
  • What’s the Right Price for Russia’s Oil?

    Negotiation expert Prof. Barry Nalebuff argues that setting the price cap either too high or too low could lead to failure and defeat the effort to make Putin pay for his aggression.

    Oil tankers on train tracks in Russia
  • 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. 
  • Multinationals Can Have a Positive Local Impact—If They Face Enough Competition for Labor

    The United Fruit Company had a reputation for manipulating governments and exploiting workers in Latin America. But Yale SOM’s Diana Van Patten found that in some areas, competition for workers led it to invest in local infrastructure, with long-lasting positive impacts.

    Bananas being loaded onto the United Fruit Company's Northern Railway in Costa Rica, circa 1915.
  • 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.
  • How Tesla’s Arrival in Germany Could Set Off a Labor Showdown

    Tesla has resisted unionization in the United States. But in Germany, where the electric car maker launched a new Gigafactory this week, unions are powerful and anxious to maintain jobs in an electric future.

    CEO Elon Musk at the opening of Tesla's Gigafactory outside Berlin on March 22, 2022.
  • Why the Business Retreat from Russia Matters

    Yale SOM leadership expert Jeffrey Sonnenfeld writes that companies’ moves to disengage from Russia can make a difference, pointing to the withdrawal of businesses from apartheid South Africa in the 1980s.

    An empty Apple reseller store in Moscow on March 7, 2022. 
  • What Does the War in Ukraine Mean for Businesses?

    We asked Prof. Paul Bracken, an expert on business and defense strategy, about the risks that corporate leaders should consider as the Russian invasion and the resulting sanctions unfold.

    An armed civil defense guard in front of advertisements on a building
  • Our Top Stories from an Extraordinary Year

    This year, many of our most-read articles examined aspects of two monumental events shaping society: the COVID-19 pandemic and the resurgent Black Lives Matter movement.

    A collage of artwork from multiple articles