Is There an Excuse for International Companies that Still Operate in the Aggressor Country?

How do international companies justify their presence in Russia and why is money really the only reason?

It has been 30 years since the era of great opportunities for global corporations opened in Russia. However, decades of trust have been shattered on 24 February, and these companies’ presence in Russia has become too toxic.

The inhumane atrocities and humanitarian crisis in Ukraine caused by the military invasion have prompted most Western companies to curtail their economic activities in Russia.

The Yale School of Management estimates at least 1,000 of such companies.

Cutting the aggressor off from financial resources is an important tool on the battlefield. And corporations took advantage of this by imposing sanctions on themselves.

Kateryna Markevych

Leading Expert, Economic and Social Programmes

Born in 1989 in Dnіpro


Dnipro National University named after Oles Honchar (specialty: International Economic Relations, Bachelor's Degree, 2010)

T. Shevchenko Kyiv National University, Institute of International Relations (specialty: International Economic Relations, Master's Degree, 2012)

External PhD student of the National Institute for Strategic Studies. Subject of dissertation is "FDI influence on the economic security of Ukraine"


2009 — Land Commission and Commission on Environment of the Dnipropetrovsk City Council

2009 — International Business Department of the Dnipropetrovsk Regional Public Administration

2011 — Secretariat of the Committee on Foreign Affairs of the Verkhovna Rada

2012 — Department for Facilitation of Investment Activity and Regional Development of the Ukrainian Chamber of Commerce and Industry.


2012 — Consulting Company "H-aRt"; Public JSC "Ukrnaftokhimproekt" (engineering company)

October 2012 – March 2014 — Junior Expert of Economic Programmes of the Ukrainian Centre for Economic and Political Studies named after O. Razumkov

Since March 2014 — Expert of Economic Programmes of the Ukrainian Centre for Economic and Political Studies named after O. Razumkov

Field of Research: international investing activity, foreign economic policy, economic security, FDI in MSE

Author of scientific articles and a participant of more than thirty scientific conferences devoted to investment activities of the Ukrainian economy, foreign investment activity in the countries BRICS group

(044) 201-11-98