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Cutting Ties with Russia
Article

Cutting Ties with Russia

A Guide to Decision-Making Now and in the Future



Editorial Rating

8

Qualities

  • Applicable
  • Concrete Examples
  • Hot Topic

Recommendation

Following its invasion of Ukraine in March 2022, many international companies voluntarily withdrew from Russia. Yet, morally driven business decisions like these must be well thought-through, as companies will inevitably confront similar situations in the future. The Conference Board’s Paul Washington and Merel Spierings offer guidance for businesses weighing their response to violations of international law committed by countries with which they have business ties. The board’s three-step process for taking a principled decision serves as a well-reasoned starting point for international business leaders.

Take-Aways

  • Russia’s invasion of Ukraine triggered an unprecedented response from the international business community.
  • Companies are answerable to a broad range of stakeholders and must follow a principled and consistent decision-making process. 
  • Companies must consider three criteria when determining how to respond to a social or political crisis.

About the Authors

Paul Washington is executive director and Merel Spierings is a researcher at the ESG Center of The Conference Board.