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Home›Budapest real estate›Seattle entrepreneur creates list of companies boycotting Russia and those that aren’t

Seattle entrepreneur creates list of companies boycotting Russia and those that aren’t

By Arthur Holmes
March 15, 2022
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A sampling of tech giants that have taken action in Russia. (Source: Ukrainian Coalition)

Alex Algard watched in horror as the Russian army invaded Ukraine.

“This is a time when we all need to step up and take action in support of Ukraine and against Putin,” said Algard, founder and CEO of Seattle-based communications software company Hiya.

Agard’s specific action is simple, yet powerful. He created an online Coalition for Ukraine list that tracks actions more than 375 major companies have taken to squeeze Russia economically. The list also shows a handful of “resisters” who have not yet removed products, closed stores or disabled services.

“I believe that through this collective action, we can have a greater impact, and as a creator of tech products for a living, I wanted to create an accurate, up-to-date, and easy-to-use resource,” said Algard, who visited his company’s team in Budapest, Hungary last week and was inspired by the support of Ukrainian refugees.

The Coalition for Ukraine list is segmented into three dozen sectors, from transportation and technology to retail and real estate. It also provides links to media coverage of big business moves.

Alex Algard, CEO of Hiya

Algard isn’t the first to create a list showcasing the stocks of big companies.

Last week, a spreadsheet created by Yale University professor Jeffrey Sonnenfeld and his research team drew media attention for featuring companies that were still operating in Russia at the time. Some of the laggards, like McDonald’s, have now changed course, temporarily shutting down operations in Russia. McDonald’s will continue to pay its Russian employees, and the PBS News Hour reported this week that the closures will cost the fast-food chain about $50 million a month.

The New York Times also recently published a list of companies that have partially or fully withdrawn from Russia, and reported yesterday that some companies that have taken initial steps to scale back their operations in Russia are under pressure to do even more. .

In the Seattle area, tech companies such as Microsoft and Amazon have stopped selling services to new customers in Russia, but Ukrainian officials have urged the tech giants to cut cloud services altogether. On Monday, Ukraine’s foreign minister called for a widespread economic boycott of global companies that have continued to operate in Russia.

I’m not sure I’ve seen this level of collective action by global companies in my lifetime.

Algard said he is continually updating the Coalition for Ukraine list and has a small team to research developments. One of the insights he took from creating the list is how quickly the global business community rallied.

“When I look at the full roster, it’s really impressive,” he said. “I’m not sure I’ve seen this level of collective action by global companies in my lifetime.”

And Algard isn’t the only Seattle-area entrepreneur taking action.

Avi Schiffmann, a 19-year-old technician from Seattle who previously created a website to track COVID numbers around the world, has just launched a new website called Ukraine Take Shelter to help Ukrainian refugees find safe spaces. where to stay.

Editor’s Note: Know of any Seattle-area tech companies with operations and employees in Ukraine? We want to hear from you. Email us at [email protected]

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