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Firms leaving Russia caving to public pressure, not making a difference

Many companies cut ties with Russia in response to the pressure to support Ukraine from governments, investors, consumers, competitors and the general public. Some even made hefty financial sacrifices

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6 min read Last Updated : May 19 2022 | 12:59 PM IST

This week, McDonald’s announced its final exit from Russia, making it one of almost 1,000 western companies that have partly, or entirely, ceased operations in Russia. They did so, not just to comply with sanctions, but as a voluntary reaction to the war.

In some ways, it is textbook corporate social responsibility — a form of self-regulation in which companies make commitments to the broader social good.

In this case, many companies cut ties with Russia in response to the pressure to support Ukraine from governments, investors, consumers, competitors and the general public.

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