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 CompletedHalt sales (170 locations). H&M is selling its business in Russia. The brand's stores were temporarily open to sell off leftovers.
Fold up Russian presence. IKEA stores owner Ingka Group said in response to speculation that it might resume sales in Russia that it was open to returning one day but the conditions were not in place right now. IKEA reopens for online fire sale in Russia before market exit. It is noted that the application for the liquidation of "Ikea House" LLC was submitted on August 15, the relevant documents will be ready on the 23rd. IKEA has now let go around 10,000 employees in Russia as it makes its exit from the country. Swedish furniture giant IKEA said it had sold its factory in the Russian city of Novgorod to local firm Invest Plus, more than a year after pausing its activities in Russia over the conflict in Ukraine. IKEA is phasing out Mondelez products from the department stores. The owner of the IKEA chain has sold its headquarter but is still running malls in Russia (14 shopping centers), has found a buyer. 10.2023: Partial sale - SIBFINANCE LLC becomes the new founder of the organization. The entry about the founder of INGKA HOLDING YUROP B.V. was removed from the Unified State Register of Legal Entities. 25.10.2023: Full name changed from INGKA CENTERS RUS OPERATIONS LLC to MEGA MANAGEMENT COMPANY LLC. IKEA, which announced its withdrawal from Russia after the start of the special operation, extended the registration of its trademark under one of four applications until August 2033, according to Rospatent data. 02.2024: JSC "INVEST PLUS" becomes the new founder of the organization. The Russian court seized IKEA's assets worth 12.9 billion rubles. The company wanted to completely leave Russia. 25.03.2024: The legal entity LLC "IKEA PURCHASING SERVICES RUS" (tax id 5047183743) was liquidated.
Suspend all shipments to Russia. On December 8, 2022 the agreement on the sale of key assets was closed by the Swedish Volvo Group (it sold "VOLVO FINANCE VOSTOK" LLC, "VOLVO COMPONENTS" LLC and others) but few more has left. Swedish truck maker Volvo AB's Russian assets have been transferred to an undisclosed Russian investor, the Ministry of Industry and Trade said in a statement. 08.09.2023: A number of subsidiary structures of the Swedish car concern Volvo in Russia, including the truck production plant in Kaluga, have come under the operational control of businessman Igor Kim, according to EGRUL data. 09.2023: Ekaterina Vladimirovna Sergeeva is no longer the general director of the organization, Nikita Dmitrievich Ryauzov becomes the new general director of the organization | 12.09.2023: Igor Vladimirovich Kim becomes the new founder of the organization, ASTON GROUP LLC becomes the new founder of the organization. The entry about the founders of COMPANY VFS INTERNATIONAL AB and VOLVO FINANCIAL SERVICES GMBH has been deleted.
Tetra Pak has reached an agreement to divest its Russian business to local management, with the intention of enabling business continuity for its customers, minimizing the impact on employees, and continuing to support consumers’ access to essential food. LLC in Russia was sold.
Volkswagen-associated companies MAN Truck&Bus SE and Scania AB closed their deals just a few days ago, according to the Epravda - On December, 13-14 the following assets: MAN Truck and Bus RUS LLC and Scania - Rus LLC.