Russia initiated aggression against Ukraine in 2014. On February 24, 2022, it started a full-scale military invasion to the Ukrainian territory. This brutal war and military crimes of Russian troops caused a humanitarian crisis in Ukraine with thousands civilians killed and millions becoming refuges. As a reaction to this act of aggression, many international companies decided to leave the Russian market, while some others continue doing business there as usual. We track such decisions of companies and urge them to stop funding the war.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Pausing InvestmentsReducing Activities: company scaling back some business operations while continuing others
Scaling BackPause operations: company temporarily curtailing operations while keeping return options open
SuspensionClean Break: the company completely halting Russian engagements or exiting Russia
WithdrawalExit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exit CompletedTemporary suspension of shipments to Russia due to supply chain issues.
Still working with dealers and has its own entity in Russia.
No official statement
No official statement
No official statement
A&D products are available for order throughout Russia
No official statement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Initially stopped car export to Russia. Japanese Suzuki will remain on the markets of Russia, Belarus and Kazakhstan. This was stated by Iryna Zelentsova, the operations director of Suzuki Motor Rus LLC, during the brand's recent dealer conference. According to the top manager, the preservation of the Suzuki brand in the markets of these countries will be the key philosophy of its development, but for this the company will have to make certain adaptations and build a basis for development. What exactly is meant by "adaptation" is not yet known.
Doing business as usual but decreased revenue in Russia in 2022 vs 2021. Promised to suspend all shipments of products into Russia and cease business support. The Brother group has also made donations to UNHCR to support humanitarian aid in Ukraine in March 2022 and again in March 2023. But as of May 2023, the Russian website and the company in the Russian Federation are available and working.
Russia To Roll Out Its Own Digital Ruble In 2024
Received revenues in Russia in 2021, there is no any official announcement
Continues operations and advertising in Russia (import and sales of musical instruments and audio equipment to Russia)
Received revenues in Russia in 2021, there is no any official announcement.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
No official statement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Promised to cancel all deliveries of Tungaloy products to the territory of the Russian Federation (through Ukrainian office), but website and a legal entity (Tungaloy Rus, LLC, tax id 3123198797) work in Russia and receive revenue there. Additional investigation showed that the company is continuing to export goods to Russia, even in 2023, having lied about the opposite in official letters.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
No official statement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
No statement made regarding Russian operations, Operating out of its office in Moscow
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Still operating and actively hiring, continues to operate cloud services in Russia. Announced that completed sale of business and transitioning team but no changes in the register and the link for the news was deleted later.
Iida Group Holdings Co., a major housing company, also intends to continue its operations in Russia, saying, “Our management policy has not changed.”
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Has not disabled purchasing of games in Russia
Hiroshima Gas signed a contract with the new operator of the Sakhalin-2 Russian liquefied natural gas (LNG) production project for the supply of this LNG.
Continues oil & gas exploration partnerships. Japan's Inpex selling stake in Russian oil project to Itochu.
The consortium consisting of Mitsui & Co and the Japanese national oil and metals company JOGMEC retained a ten percent stake in the Novatek Arctic LNG-2 project. With the only clarification that since March of last year, Japan has frozen new investments in this project due to financial sanctions.
Signed a deal with thenew operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG)
JRC/Alphatron Marine proudly announced before Russian Maritime Register of Shipping certification for a wide range of JRC products.
Still operating in Russia, providing online sales, and cooperating with dealers
Kitanura is imported through the Russian hub in Turkey.
Will not buy Russian coal this year, which is used as fuel for thermal power plants.
Still operating in Russia
Japan's largest shipping company, Mitsui OSK, President and CEO Takeshi Hashimoto said that Japan had no choice but to continue buying Russian liquefied natural gas (LNG).
Still operating in Russia
Were searching to replace Russian supplies. Exports continue, with a significant portion being direct.
Received revenues in Russia in 2021, there is no any official announcement
Sakhalin-2, PRIME notes, also has other long-term contracts. In particular, with the Japanese Tohoku Electric, Osaka Gas, Saibu Gas, the South Korean Kogas, the Taiwanese CPC, the former Gazprom structure Gazprom Global LNG, which fell under countersanctions of the Russian Federation.
Sakhalin-2, PRIME notes, also has other long-term contracts. In particular, with the Japanese Tohoku Electric, Osaka Gas, Saibu Gas, the South Korean Kogas, the Taiwanese CPC, the former Gazprom structure Gazprom Global LNG, which fell under countersanctions of the Russian Federation.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is Saito Seisakusho).
The company owns Sakhalin 1 LNG. Russia approves Japan's SODECO participation in new Sakhalin 1 oil, gas project operator.
Japanese companies Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance initially promised to stop war risk insurance for ships passing through Russian waters from January 1, 2023. But on 30.12.2022 the largest Japanese insurance companies have decided to continue the insurance of military damage vessels in Russian waters at least until March 2023.
The Russian film company Russian World Vision (RWV) became the owner of the rights to ten animated films of Studio Ghibli by the Japanese animation director Hayao Miyazaki.
Received revenues in Russia in 2021, there is no any official announcement
The Russian oil was imported by Japanese refiner Taiyo Oil, which took delivery in December 2022.
Toho Gas has renewed its contract to purchase liquefied natural gas from the Sakhalin 2 oil and gas project in Russia.
Tokyo Gas concluded a contract with the new operator of the Russian Sakhalin-2 LNG production project for the supply of this energy resource.
Japanese precision machinery from Tsugami is imported into Russia through China.
Decision to renew production in Russia despite previous announcements to halt production
Received revenues in Russia in 2021. Will gradually take necessary measures, such as seeking optimal procurement methods.
Ceased all imports and exports within Russia and have suspended any new investments in the country.
Stop all new investments in Russia
Stopped exports and imports of auto parts to and from Russia
Continue operations with local staff. Aeroflot offered the lessor SMBC to buy out 17 leased aircraft for $644 million. The company also received an offer to “discuss potential solutions” from S7 and NordStar. Also, Japanese companies Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance will stop war risk insurance for ships passing through Russian waters from January 1, 2023.
Continuing operations within sanctions compliance & shares in Sakhalin-2 project. The consortium consisting of Mitsui & Co and the Japanese national oil and metals company JOGMEC retained a ten percent stake in the Novatek Arctic LNG-2 project. With the only clarification that since March of last year, Japan has frozen new investments in this project due to financial sanctions. Japanese trading company Mitsui & Co (Mitsui) has announced that it will invest in the operating company of Russia’s Arctic LNG 2 project.
Canon Medical Systems had a joint venture production facility in development with Russia’s R-Pharm. Despite the company not being under sanctions, Canon stopped supplying the joint venture without explanation or announcement. Canon too could not bear the cost of getting export licenses. It is likely that Canon wanted to escape the bad publicity of pulling medical equipment out of Russia and harming ordinary people.
Received revenues in Russia in 2021-2022, there is no any official announcement. 23.05.2023: One of the three legal entities (CENTER SUNRISE) was liquidated.
Stop coal imports; lubricants business unchanged
A subsidiary of Toyota, the Japanese manufacturer of trucks and buses Hino Motors has abandoned plans to put its Russian plant into operation in Khimki, Moscow region.
Promised to suspend deliveries of all devices to Russia. Kyocera files US lawsuit over Russian sanctions. Kyocera Document Solutions America has sued the New Jersey, USA Department of Treasury over economic sanctions against Russia over the invasion of Ukraine. The NJ state law prevents government entities from contracting with a company whose parent has operations in Russia.
Promised to suspend all shipments of devices to Russia. Made donation of $1.15 million to Japanese Red Cross. Judging by the official Russian site of the company https://ricoh-imaging.ru/, which is owned by Ricoh and serviced by the Russian distributor "Pentar", deliveries of Pentax and Ricoh brand photographic equipment and binoculars to Russia continue. There are the latest novelties of the company, the number of products in stock is updated. This indicates either direct deliveries to Russia, or deliveries through third countries, such as Cyprus, Lithuania or Kazakhstan.
According to press reports, the company stops exporting cars and components to Russia. There is no official statement of the copmany. According to the trade data, for the period from 01.03.2022 to 28.03.2023, Honda delivered 540 parts in the amount of USD 2,028 mn.
Promised to suspend new shipments. During the two years of the war, the company continued to work in Russia, having an updated website: https://konicaminolta.ru/ru-ru, which can be accessed from the company's main website. They have 2 active legal entities in the Russian Federation: KONICA MINOLTA BUSINESS SOLUTIONS RUSSIA LLC and KONICA MINOLTA MEDICAL SYSTEMS RUSSIA. They use Russian software: https://konicaminolta.ru/ru-ru/digital-office. In the news, the Russian division is called "Russian office of Konica Minolta".
Scaling down but still in numerous projects across Russia
Takes part in Sakhalin 2 LNG project, join new Sakhalin-2 Russian operator. Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance. The buyer of the leasing subsidiary of Mitsubishi became ExpoCapital, a fund owned by Kim and his partners (LLC "ExpoCapital").
Received revenues in Russia in 2021, there is no any official announcement. Russian e-shop not updated from the start of 2022 and shows message that orders cannot be delivered.
Trade with Russia continues, the news has been deliberately removed from the company's website. Customs data shows that the latest deliveries were in November 2022.
Received revenues in Russia in 2021 which decreased in 2022, there is no any official announcement.
Removed Russian ads from its messaging app Viber. The Magistrate's Court of the Tagansky District of Moscow for the first time fined the Viber messenger one million rubles for not removing fakes about a special operation on the territory of Ukraine and its participants.
Stopped supplying some of their drugs, there are substitutes
Stopped supplying reagents for cancer blood tests due to logistics
Has Been Selling Russian Assets Since March, RF bonds and stocks down by 95% compared with a year prior
JBIC (govt bank) has suspended loans to a Russian natural-gas project in Siberia operated by Russian energy company Novatek.
We will suspend export shipments to Russia and advertising activities, We will continue to use only products that can maintain the hygienic life of women and infants at a minimum,
Continuing business in Russia and exports but significantly reduced volumes.
Continuing business in Russia and exports but significantly reduced volumes.
Japanese expats working for MUFG Bank (Eurasia) have moved out of Russia to work outside of the country on a temporary basis
Continuing business in Russia and exports but significantly reduced volumes.
Continuing business in Russia and exports but significantly reduced volumes. Sodick EDM tools, in particular, can be used to produce dies for stamping ammunition shells and highly precise components with complex shapes for missiles and aircraft.
Suspend new contracts and repatriate employees. 30.12.2022 The largest Japanese insurance companies have decided to continue the insurance of military damage vessels in Russian waters at least until March 2023 charging 80% more for LNG carriers in Russian waters.
Scaling back or suspending all Russian-related business
Suspended operations at Russian plant. Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance. The buyer of the leasing subsidiary of Mitsubishi became ExpoCapital, a fund owned by Kim and his partners (LLC "ExpoCapital").
Japan’s Takeda suspends new clinical trials in Russia and halts new investments in Russia, Supplies of drugs and clinical trials will continue. Takeda has taken further action to discontinue activities in Russia that are not essential to maintaining supply of medicines to patients and providing ongoing support to employees. This includes suspending all new investments, suspending advertising and promotion, not initiating new clinical trials and stopping enrollment of new patients in ongoing clinical trials.
Suspended new clinical trials in Russia. Astellas halts antibiotics production in Russia. In a significant development, Astellas, a leading Japanese pharmaceutical company, has decided to halt the production of its antibiotics, Vilprafen and Vilprafen Solutab (Josamycin), in Russia. This decision has instigated a scarcity of these drugs within Russian pharmacies, with virtually no supplies available in Moscow. 24.02.2022: One of the two legal entities (ASTELLAS PHARMA JSC) was liquidated.
Suspend all shipments to Russia
Subsidiary Uniqlo suspended some operations in Russia. The Japanese clothing retailer Uniqlo has informed the company's staff that some stores in Russia, which suspended operations in March 2022, will be completely closed. Uniqlo to sell most of its stores in Russia after incurring significant losses. Uniqlo has refused to rent premises for all its stores in the Russian Federation: these spaces have already been occupied or are being occupied by other retailers. The company really waited an hour, keeping salaries, staff and an office in Russia. Now the legal entity of the retailer has stopped any activity. True, Uniqlo does not plan to liquidate it, hoping to resume business someday, says one of its partners.