Barclays Analysts Warn of Fallout for Firms Dodging Russia Exit

Companies that pledged to exit Russia following its invasion of Ukraine risk mounting displeasure from stakeholders after many failed to follow through, according to analysts at Barclays Plc.

“Ultimately we think this disconnect between pledges and outcomes will have to be resolved,” Barclays analysts including Iain Simpson said in a note on Friday.

The Ukraine war spurred a wave of commitments from international companies to exit the Russian market. Despite such pledges, only 8.5% of Western companies had divested at least one of their Russian subsidiaries as of November, according to a recent study by researchers including Simon Evenett at ...