The Yale professor who is monitoring companies that are still doing business in Russia following its unprovoked invasion of neighboring Ukraine has upped the ante by reclassifying the list into five categories with the fifth titled “digging in” — or defying public demands for exit.
Some 39 companies, including Koch Industries Inc., packaging company Ball Corp.
BLL,
+1.89%
and cybersecurity company Cloudflare Inc.
NET,
-3.87%,
remain in that category four weeks after the start of the attack.
More than 450 companies have announced plans to pull out or curtail their activities since the list was first published by Jeffrey Sonnenfeld and his research team at the Yale School of Management. The situation remains fluid for now, with the Yale team updating the list on a daily basis.
See: Yale professor is keeping tabs on companies still operating in Russia despite Ukraine…
