Which companies are leaving Russia and which are staying? Here’s a look
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FRANKFURT, Germany (AP) — More than 500 companies have suspended their business in Russia, and a similar number have withdrawn completely. A database kept by Yale University shows an additional 151 are “scaling back,” 175 are “buying time” and 230 are “digging in.” Chinese companies figure prominently in the last category. Volkswagen closed a long-delayed deal to sell its Russian business on Friday but still faces a contractor’s lawsuit. Burger King and Carl’s Jr. are both still open in Moscow. An executive at Burger King’s parent company has told employees that franchise agreements made it impossible to force the local operator to shut down while the company tries to sell its share in the joint Russia venture.