Hungarian companies doing business in Russia put on Yale’s shame list
Some believe that Russia can be brought to its knees by severe sanctions. The strongest advocate of this belief is Ukrainian president Volodymyr Zelenskiy. He urges an economic secession between Russia and the rest of the world. Therefore, he regularly slams, for example, Hungarian PM Viktor Orbán. Orbán refuses to accept sanctions in the energy sector or nuclear cooperation. Others believe that Russia cannot be broken by sanctions partly because Moscow can endure alone, and they can find alternative ways to sell their products.
Yale shared a shame list
Yale seems to belong to the former group. The famous US university’s School of Management shared a “shame list” of companies yesterday that are still doing business in Russia. On their website, they claim that they have been tracking the responses of over 1,000 companies regarding the issue. “Over 750 companies have publicly announced they are voluntarily curtailing operations in Russia to some degree beyond the bare minimum legally required by international sanctions —
but some companies have continued to operate in Russia undeterred.“
According to their website, there are many fellow staff members who regularly update the list. “We have a team of experts with backgrounds in financial analysis, economics, accounting, strategy, governance, geopolitics, and Eurasian affairs with
collective fluency in ten languages including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish, and English,
compiling this unique dataset using both public sources such as government regulatory filings, tax documents, company statements, financial analyst reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters, and business media from 166 countries; as well as non-public sources, including a global wiki-style network of 250+ company insiders, whistleblowers, and executive contacts,” they write.
Even a lot of US companies are on the list
According to the university’s current list, these are the Hungarian companies doing business-as-usual in Russia:
Photo: PrtScr/Yale
There are no Hungarian companies in the “Holding Off New Investments/Development” and “Withdrawal” categories. Meanwhile, Wizz Air temporarily suspended all flights to and from Russia. We reported about their decision HERE. Graphisoft, a Hungarian design software company headquartered in Budapest, suspended new activities and disabled access to their commercial services in Russia. Therefore, these two companies were put in the “Suspension” category.
In the “Scaling Back” category, there is Tungsram, which offers lighting and intelligent lighting-based services, smart solutions for buildings and cities, as well as tailor-made “greentech” solutions. They wrote to Yale that they stopped producing products and projects.
Interestingly, there are also 28 US companies continuing business-as-usual in Russia. Among them, there are Avaya, Koch Industries, and Cloudflare.
Read alsoHungarian cities, villages in Transcarpathia to be under curfew because of suspected Russian attacks!
Source: som.yale.edu
4 Comments
Who cares what the uneducated brainwashed students at an American leftist university think? These businesses on the list have every right to conduct their business as they see fit with who they like. It is time for people to act like adults and stop throwing tantrums everytime they do not get their way. Grow up people.
Sadly Yale had become a joke on
Many levels – I wouldn’t trust anything that comes from. They ignore the fact the current president as Vice President was given Ukraine to help with corruption when he and his son and brother are way more corrupt than little Ukraine could ever be. The left including the EU are very much responsible for what had happened. The insisted Trump was working for Putin- this went on for years- they even trief to impeach him when questioned the Biden corruption there. This would never have happened if it not for the election being stolen from him on so many levels- since then they have focus half the goverment to impeach him again.
Yale University – interesting to look at the Alumni of this establishement.
Names of individuals – that History shows – continues to show – FAILED – to make this world a Safer and Better place for Human beings to live & share.
This “Supposed” place of Learning – if Education, opens windows of opportunity – and teaches/educates us to – THINK, numbers of Yale Alumni – didn’t of FAILED to get the Message.
Yale is a antisemitic establishment with extremely brainwashing agenda of teaching.