These companies continue to do business in Russia - CBS News

The list of companies continuing to operate in Russia is shrinking by the minute, but dozens of corporations including multinational manufacturers and hotel chains are still doing business in the country despite intense public pressure to withdraw over its invasion of Ukraine.McDonald's was among the big-name companies to announce on March 8 that it would temporarily close its 850 restaurants in Russia. The goal of calling out the companies is to pressure them to work in concert with the U.S. government and its allies that have imposed economic sanctions against Russia, Sonnenfeld told CBS News. Companies voicing "humanitarian concerns for the general Russian citizenry" are missing the point of the sanctions, which only succeed when the "tyrant is no longer a successful totalitarian," he added.Large businesses choosing to maintain their presence in Russia include Japanese apparel chain Uniqlo. Multilevel marketing company Herbalife Nutrition obtains 2.7% of its revenue from Russia and Ukraine.Hotel chain Hyatt on March 9 said it was suspending development activities and new investments in Russia and will "continue to evaluate hotel operations in Russia." Hyatt in a March 4 statement said it was "heartbroken over the devastation" in Ukraine and had started a relief fund for colleagues in the region in need of necessities and relocation help.