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More Than 100 EU Companies Still Operating in Russia, Study Says

The Moscow International Business Center district of Moscow. 

The Moscow International Business Center district of Moscow. 

Photographer: Elena Chernyshova/Bloomberg

More than 100 companies from European Union countries continue to operate in Russia nearly four months after the invasion of Ukraine sparked a range of international sanctions against Moscow, a study showed.

The 116 EU companies make up nearly half of the 247 multinational firms still doing business in the country despite mounting public pressure to punish President Vladimir Putin’s regime for the attack, according to research at the Yale Chief Executive Leadership Institute led by Jeffrey Sonnenfeld.