As the Russian invasion of Ukraine enters into its fifth month, a common narrative has emerged that the unity of the world in standing up to Russia has somehow devolved into a “war of economic attrition which is taking its toll on the west”, given the supposed “resilience” and even...

In this working paper, we seek to explore the response within financial markets, across asset classes, to the decisions companies are making to either exit or remain in Russia, building on our earlier analysis in The Washington Post.Using our proprietary dataset tracking 1,200 companies, we find...

In the initial days and weeks following Russia’s invasion of Ukraine in February 2022, it became widely known and celebrated that over 1,000+ global multinational companies voluntarily declared their intention to exit Russia, with widespread coverage ranging from general media to academic...