IV 

118TH CONGRESS 

1ST SESSION H. RES. 274 

Calling on major United States companies still operating in the Russian 

Federation to reconsider their continued presence given Russia’s fullscale invasion of Ukraine. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 3, 2023 

Mr. KEATING (for himself, Mr. FITZPATRICK, Ms. KAPTUR, and Mr. 

QUIGLEY) submitted the following resolution; which was referred to the 

Committee on Foreign Affairs 

RESOLUTION 

Calling on major United States companies still operating 

in the Russian Federation to reconsider their continued 

presence given Russia’s full-scale invasion of Ukraine. 

Whereas, on February 24, 2022, the Government of the Russian Federation, led by Vladimir Putin, launched an expanded invasion of Ukraine; 

Whereas, on February 18, 2023, Secretary of State Antony 

Blinken released a statement stating that, ‘‘based on a 

careful analysis of the law and available facts, I have determined that members of Russia’s forces and other Russian officials have committed crimes against humanity in 

Ukraine’’; 


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•HRES 274 IH 

Whereas, on February 18, 2023, while attending the Munich 

Security Conference, Vice President Kamala Harris stated that the United States has formally determined that 

members of Russia’s forces and other Russian officials 

have committed crimes against humanity in Ukraine; 

Whereas, while visiting Kyiv in February 2023, President 

Biden said, ‘‘The cost that Ukraine has had to bear has 

been extraordinarily high, and the sacrifices have been 

far too great’’, while underscoring that, ‘‘the Americans 

stand with you, and the world stands with you’’; 

Whereas the United States, in tandem with allies and partners, has imposed unprecedented and expansive sanctions 

against Russia resulting in swift and severe economic 

costs; 

Whereas, on May 3, 2022, the Securities and Exchange Commission issued a Sample Letter to Companies Regarding 

Disclosures Pertaining to Russia’s Invasion of Ukraine 

and Related Supply Chain Issues based on the potential 

direct and indirect material impacts of the invasion on 

companies with business operations or relationships in 

Russia, Belarus, or Ukraine; 

Whereas Article 9 of Russian Federal Law No. 31–FZ, 

amended in September 2022, obliges all companies 

present in Russia to contribute to a ‘‘partial mobilization’’ in support of the war effort by facilitating the conscription of eligible staff and providing material support 

upon demand of the Russian military; 

Whereas, on December 21, 2022, during a visit by Ukrainian 

President Volodymyr Zelenskyy to Washington, DC, 

President Biden reaffirmed efforts to hold Russia accountable for its war crimes in Ukraine; 


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•HRES 274 IH 

Whereas, as of March 20, 2023, according to the United Nations Office of the High Commissioner for Human 

Rights, Russia’s invasion of Ukraine has caused at least 

22,209 civilian casualties, with 8,317 killed and 13,892 

injured, as well as forcibly displaced more than 

13,000,000 Ukrainians with estimates likely severely 

undercounting the actual toll; 

Whereas, on March 16, 2022, Ukrainian President Zelenskyy 

urged that ‘‘All American companies must leave Russia 

. . . leave their market immediately, because it is flooded 

with [Ukrainian] blood’’; 

Whereas in the same speech, President Zelenskyy called on 

Congress to lead by pressuring companies ‘‘who finance 

the Russian military machine’’ and conduct ‘‘business in 

Russia’’ and to ‘‘make sure that the Russians do not receive a single penny that they use to destroy people in 

Ukraine’’; 

Whereas a team at the Yale School of Management has compiled a list of over 1,000 major foreign companies that 

have curtailed their operations in Russia since February 

24, 2022; 

Whereas, according to the same Yale database of major foreign companies, 27 American companies are ‘‘defying demands for exit or reduction of activities’’ and continue to 

operate in Russia despite the horrific crimes taking place 

in Ukraine; 

Whereas, according to the same Yale database, 47 American 

companies are ‘‘holding off new investments/development’’ but are continuing substantive business inside 

Russia; 


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•HRES 274 IH 

Whereas in testimony before the House Financial Services 

Subcommittee on Investor Protection, Entrepreneurship, 

and Capital Markets on November 15, 2022, it was noted 

that ‘‘international sanctions and voluntary business retreats have exerted a devastating effect over Russia’s 

economy’’; 

Whereas, by refusing to reduce, cease, or withdraw operations 

in Russia, these companies contribute to undermining efforts undertaken by the United States and its allies that 

are intended to deter further Russian aggression; 

Whereas a number of United States and multinational companies that do business in Russia do not provide lifesaving or health-related goods and services to the Russian people and contribute to Putin’s ability to wage war 

and commit war crimes in Ukraine by providing revenue 

for the Russian Government; and 

Whereas individuals around the world have chosen to boycott 

certain companies that continue to operate in Russia and 

provide financial benefits to the Putin regime: Now, 

therefore, be it 

1 Resolved, That the House of Representatives— 

2 (1) calls on major United States companies still 

3 operating in the Russian Federation to reconsider 

4 their continued presence given Russia’s full-scale in5 vasion of Ukraine; 

6 (2) supports and encourages Americans who 

7 choose to exercise their free speech rights by boy8 cotting companies that do not provide lifesaving or 


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•HRES 274 IH 

1 health-related goods and services to the Russian peo2 ple yet continue to operate in Russia; 

3 (3) condemns companies that continue to oper4 ate in Russia and provide financial benefits to the 

5 Putin regime that enable his ability to continue wag6 ing war in Ukraine; 

7 (4) encourages American companies who pro8 vide goods and services to democracy activists in 

9 Russia to create specific programs to continue to 

10 make those goods and services available to support 

11 democracy-promotion initiatives; 

12 (5) commends companies that have already sus13 pended operations in or withdrawn from markets in 

14 Russia in response to the Putin regime’s unlawful 

15 invasion of Ukraine; and 

16 (6) calls on the Department of State to issue a 

17 business advisory to inform individuals, businesses, 

18 financial institutions, and other persons of the 

19 heightened risks associated with conducting business 

20 in Russia, particularly business activity that could 

21 benefit the Putin regime, and include a list of the 

22 types of risks associated with continued business, 

23 such as the need to conduct heightened due dili24 gence, and particularly at-risk business partners inVerDate Sep 11 2014 23:42 Apr 03, 2023 Jkt 039200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\HR274.IH HR274

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•HRES 274 IH 

1 cluding Russian state agencies, State-owned and af2 filiated businesses, and oligarchs. 

Æ 


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