In response to the Ukraine invasion, multinational companies pledged to leave Russia. Nonetheless, only a tiny percentage of Western firms have actually ceased doing business in the aggressor country while showing themselves off as false heroes through “moralwashing” statements.A campaign group, Moral Rating Agency, set up after Russia invaded Ukraine, which exposes and credits companies through moral ratings, has disclosed the companies are still working with Russia as of 31 Jan 2023.
Despite some early progress in March – May 2022, most companies are either stuck on their journey out of Russia or have yet to take action. The latest report of the Moral Rating Agency shows little progress in ceasing operations in Russia by businesses in the last eight months and names the companies that stay.