Which Western companies are leaving Russia?

The trickle of Western firms vowing to pull out of Russia has become a flood. On March 10th Goldman Sachs and JP Morgan became the latest. In recent days McDonald’s said it would temporarily close its 847 restaurants in Russia and Coca-Cola said it would be suspending operations. So far Vladimir Putin’s invasion of Ukraine has prompted an exodus of around 300 Western companies from Russia, according to a tally by Jeffrey Sonnenfeld, a professor at Yale University. Some say they are leaving only temporarily, but others, such as Goldman, claim they are going for good. Several energy companies have vowed to quit partnerships with Gazprom and Rosneft, two state-owned Russian energy giants. Russia’s economy ministry is drawing up plans to seize, or to nationalise, foreign-owned companies that are heading for the exit.