“We have a moral obligation. We cannot abandon our team in Russia,” said Dmitrii Moiseev, CISO of U.S.-based bitcoin marketplace Paxful.
At the WSJ CEO Council, Ukranian President Volodymyr Zelensky said companies that retain ties to the Russian economy are directly supporting that country's"war machine" and called on them to exit, citing the business risks of operating there.
Paxful is also continuing to hire in the region, which Elena Nedvetskaya, its St. Petersburg-based vice president of people, said has gotten easier since the war began. Tom Lee, head of policy at Mapbox, said that after the war started, the company scrapped plans to establish a more formal presence in Russia. But it has decided to keep on the dozen or so people it employs there.
Ultimately he decided to cut off government customers and stop setting up new customer relationships except for nonprofits and nongovernmental organizations, he said, while leaving services up and running for existing private customers.
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