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These U.S. companies are still doing business in Russia

These U.S. companies are still doing business in Russia

CBSN
Tuesday, May 24, 2022 09:10:50 AM UTC

The Starbucks logo and McDonald's Golden Arches are being dismantled in Russia as the coffee and fast-food chains both withdraw from the country over the war in Ukraine. But Russians are still getting their fill of American fare like burgers and pizza, as Hard Rock Cafe and Sbarro are among the more than two dozen U.S. corporations that continue to do business as usual in Russia.

Twenty-seven U.S-based companies are defying calls to exit or curtail their activities in Russia, according to a running tally by Yale University management professor Jeffrey Sonnenfeld and his research team.

While Starbucks and McDonald's have both announced their complete withdrawals from Russia in recent days, Hard Rock continues to operate its Hard Rock Cafes in Moscow and St. Petersburg, Russia. The company, acquired by the Seminole Tribe of Florida in 2007, did not respond to requests for comment.

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