Which Firms Have Stopped Doing Business With Russia?

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Terry Smith, the influential UK fund manager, is extra outspoken. In January, he took aim at Unilever, one of many largest consumer goods firms, saying it had “lost the plot” by focusing too intently on its climate and social targets. Among examples cited by Smith was the decision by Ben & Jerry’s, a Unilever model, to cease selling ice-cream within the West Bank. [newline]Companies are “shell-shocked by the frequency of want and the ballooning requests to engage”, says Doty, who’s director of the company political duty task drive at the Erb Institute, University of Michigan. In 2021, approximately 4% of the company’s total net revenues had been derived from Eastern Europe, half of which was associated to Russia. But any business issues are clearly secondary to the human struggling experienced by so many.

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