FILE PHOTO: A view shows a plant of PepsiCo company in Azov in the Rostov region, Russia March 9, 2022. REUTERS/Sergey Pivovarov
March 19, 2022
(This 18 Mar story corrects paragraph 12 to show that Bayer does not maintain production facilities in Russia)
By Richa Naidu and Jessica DiNapoli
(Reuters) – Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions.
More than 400 companies have withdrawn from Russia since the launch of its attack on Ukraine on Feb. 24, according to a list compiled by Jeffrey Sonnenfeld, a professor at the Yale School of Management. They have left behind assets that were worth hundreds of billions of dollars in aggregate before the invasion, which Russia…
