The Full List of Travel Companies Retreating From Russia

In merely two weeks, most Western travel companies sliced many arteries of money between them and Russia, responding to the country’s invasion of Ukraine. Businesses appear to be complying with sanctions, but some companies went further than what sanctions required — out of a mix of outrage and fear of public shaming.

On March 4, Skift published Russia Travel: Who’s In, Who’s Out, spotlighting travel company actions. Meanwhile, Jeffrey Sonnenfeld and the Yale Chief Executive Leadership Institute have been updating a list of hundreds of companies across industries that have rushed to disengage because of the aggression.

Sonnefeld made the case on CNBC for a Western retreat from Russia. The ambition is to spark an economic crisis in Russia that will prompt many of its 145 million citizens to force Putin to stop the humanitarian crisis. The lack of foreign capital may be enough of a blow, agreed other analysts.

Ironically, Putin’s circle may welcome the isolation.

The leakiness of the boycott may also be undermining its impact. Europe is unwilling to cut off energy imports, which more than travel or anything else funds the war. China and countries in the “global South” such as India, Pakistan, Indonesia, Turkey, and Brazil haven’t joined the sanctions.

Some travel companies haven’t pulled back. India’s MakeMyTrip has been selling lodging in Russia. Many hotel brands that have third-party owners in Russia continue to open their doors. Avis, Budget, Rentmotors, and Yodo are among the car rental firms still doing business.

We’ll leave the predictions to the geopolitical experts. Skift’s team will keep updating our list in the table, below.

Companies Curtailing Business in Russia

Skift edit staffers Dennis Schaal, Rashaad Jorden, Matt Parsons, Lebawit Lily Girma, Sean O’Neill, and Madhu Unnikrishnan of Skift’s Airline Weekly contributed to this report.

The above lists aren’t exhaustive, and the situation is fluid.