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 CompletedStop new business in Russia while meaningfully cutting exposure by 56%. Credit Suisse is shocked, with 17.6 billion Swiss francs blocked in CS alone. UBS sets ‘red lines’ for Credit Suisse staff as it completes takeover. UBS executives have drawn up a list of nearly two dozen “red lines” that prohibit Credit Suisse staff from a range of activities from the first day the two banks are combined, according to people with knowledge of the measures. Prohibited activities include taking on clients from countries such as Libya, Russia, Sudan and Venezuela and launching new products without approval from UBS managers.
Continuing to operate food and feed facilities in Russia. Scaling back Russian business. Suspended new investments, unspecified scaling down of non-essential operations. The Russian "subsidiary" of the American corporation Cargill will stop exporting grain from Russia in the next agricultural year. In the letter, the company informs that in the next agricultural season 2023/24 (starting on July 1, 2023 and lasting until June 30, 2024) LLC "Cargill" does not plan to export grain from Russia "in accordance with the earlier discussion of grain export issues and recommendations of the Ministry of Agriculture". At the same time, the company promised that shipments planned for the current 2022/23 season will be carried out ""in full in accordance with the existing quota. Cargill confirmed to S&P Global that they still intend to purchase and sell Russian grain. A spokesman for the Russian Union of Grain Exporters declared that “Cargill has made a decision to close one of its business lines but not to leave the Russian market”.
Samsung Electronics suspended all shipments to Russia but continues operating r&d center in Moscow and collaborating with government science institutions sharing advanced technologies. Samsung Electronics said nothing had been decided after a newspaper reported the company https://www.reuters.com/technology/samsung-expects-return-russian-market-this-year-izvestia-newspaper-2022-09-14/ was expected to return to the Russian market this year, six months after suspending shipments following the invasion of Ukraine. The Russian authorities are "losing patience" with electronics manufacturers Samsung and LG and are preparing to ban their equipment in the country because they refuse to sell their plants in the Kaluga and Moscow regions. And although Russian vendors, including Lex, Kuppersberg, Schaub Lorenz and others, were actively interested in buying these capacities, they could not come to an agreement, since South Korean manufacturers do not give in on the price.
Global carmakers are feeling the pinch as logistics and supply chain disruptions to the Russian market have become a reality. Kia the latest automaker to mull exiting Russia. Revenue in 2022 from Russian operations has significantly dropped vs 2021.
The company promised to stop all exports into its sales channels in the country. Apple Pay and other services have been limited. Apple pulls top Russian social media app, VKontakte, from App Store but in few days Apple has restored the Russian social network "VKontakte" in the App Store. Due to a decrease in demand for premium smartphones from Apple and “uncontrolled supplies” of parallel imports, an oversupply of smartphones has developed on the market, primarily the iPhone 14 and 13. At the end of spring 2023, some iPhone models even fell in price by 6-10%. The American company Apple has published new rules for Russian app developers, allowing their users to use external payment methods for making purchases without Apple's involvement. Federal Antimonopoly Service (FAS) of Russia: "Apple paid a fine of 1.1 billion rubles (~$13mn) to the Russian budget. In July 2022, the service found the company to have violated antitrust laws. Apple prohibited iOS app developers from informing in-app customers about the ability to pay for purchases outside the App Store, as well as from using alternative payment methods.”
According to Russian press, Huawei has stopped taking on new contracts to supply network equipment to Russian operators. Suspend new orders and furlough some staff; 1/07/2022: activated hiring 19/08/2022: Huawei stores in Russia stop selling products to visitors (lack of official supply); 6/09/2022: relocated Chinese and Russian managers and heads of divisions to Kazakhstan and Uzbekistan. Russia and China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group, and Red Soft has a joint project with Huawei. Taiwanese MSI became the leader in laptop sales in Russia, overtaking Asus and Huawei.
Has suspended all of its corporate support for the Russian market (800 locations), including operations, marketing and supply chain. Also stopping investment and expansion in the region. A franchise company still operates in Russia and uses the Burger King brand https://vk.com/burgerking
After the start of Russian aggression in Ukraine, Gasum’s natural gas supplies continued as usual. The company commented that “an active dialogue is ongoing with the relevant national authorities and stakeholders regarding the situation”. But later, natural gas imports from Russia under Gasum’s supply contract was decided to be halted on Saturday 21 May at 07.00. Finnish Gasum has stopped taking LNG shipments from NOVATEK's Kryogaz-Vysotsk project in Leningrad oblast, according to Kpler data. Thus, one of the two tankers belonging to Gasum — Coral Energice — last called into the port of Vysotsk on April 24, and left without being loaded (the last batch of LNG was taken out by the ship on April 12). The second Gasum tanker, Coral Energy, called for the last time in the port of Vysotsk on April 4. Prior to that, tankers took several cargoes each month. Two gas tankers Gasum transported 17.46 thousand and 14.2 thousand cubic meters of fuel, respectively. Finnish state energy company Gasum continues to purchase a minimum amount of LNG from Russia under a long-term contract that is not subject to EU sanctions. Under the terms of the agreement, the Finnish company is obliged to pay Gazprom for a certain amount of gas annually, regardless of whether Gasum receives the gas or not. “If the company decided not to purchase this volume, it would still be obligated to pay for gas under the contract,” the company’s website says.
LG Electronics is suspending all shipments to Russia and will continue to keep a close watch on the situation as it unfolds. The management of the South Korean LG is discussing the possibility of closing the plant in Russia (it produces refrigerators, washing machines and televisions) and transferring production to Uzbekistan at the Artel facility. The Polish plant of the South Korean LG began to install Smart TV software adapted for the Russian market on the TVs it produces. Russian online cinemas are pre-installed on the devices supplied by parallel import and there is support for the voice assistant "Alice".
Plans to stop investments in Russia this year
Continue doing business as usual, increased revenue in 2022 vs 2021. JDE Peet's (coffee brands Jacobs, L'Or, Tassimo) will stop selling foreign brands of coffee and tea in Russia before the end of the year. Only local brands will be represented in Russia. The company is largely still operating in Russia - they just phase out some international brands but they plan to keep selling in Russia and paying tax money there.
Suspend new investments in Russia and scale back production. 23.05.2022: The state corporation for the promotion of the development, production and export of high-tech industrial products "Rostec" Joint-Stock Company "Scientific and Research Institute of Rubber and Polymer Products" became the new founder of the organization, 28.03.2022: the financial reports for 2021 was deleted. 27.01.2023: One of the three legal entities (JSC "KIROV TIRE PLANT") was liquidated.
Scale back to just supplying medicine. The media learned about the supply of veterinary drugs to Russia through “unofficial channels”.
Currently able to maintain business in parts of Ukraine and in Russia, at least to a limited extent. But the more likely scenario for Zeppelin is that we will be forced to exit. The company generates around 20% of its €3.7 billion annual sales in Russia and Ukraine.
Suspending investments in Russia. Continuing to supply food packaging, hygiene and cleaning products. Continuing to operate a polymer dispersion plant in Russia. Has a stake in a polyurethane systems joint venture in Russia. Pledge of $275 K for humanitarian aid for Ukrainian people.
Suspends retail and e-commerce operations in Russia. Adidas said it would suspend sales in Russia, cutting 1 percent of expected revenue growth this year. The company has about 500 stores in Russia and the countries of the former USSR. Adidas announced closing its stores in Russia shortly after the invasion in 2022. The customs records indeed show that shipments of Adidas products stopped as well. However, the shipments have resumed in October of 2022 and by value have easily exceeded pre-invasion levels. Comparing total shipments for Adidas trademark for the last three years leads to a clear conclusion: after the invasion and the Adidas announcement of leaving Russia the imports drastically reduced from the total $195.3 m in '21 to $64 m in '22. Yet toward the second part of '23 the volume has been restored, so the total for that year was $198.7 m.
The company made a statement about humanitarian support of Ukraine. Stopping supplies to Russia and marketing activities. Dutch health technology company Philips (PHG.AS) will continue to deliver hospital equipment to Russia, despite its war on Ukraine, Chief Executive Officer Roy Jakobs said on Tuesday. Jakobs said Philips' activities in Russia centred on the maintenance and delivery of hospital equipment such as large medical scanners, while it has stopped the sale of its personal healthcare products there - except for maternal care products. 25.09.2023: The full name was changed from PHILIPS HOME EQUIPMENT LLC to VERSUNI LLC | The entry about the founder PHILIPS DOMESTIC APPLAINSIS HOLDING B.V. has been deleted. The entry about the founder PHILIPS DOMESTIC APPLAINSIS NETHERLAND B.V. has been deleted. VERSUNI HOLDING B.V. becomes the new founder of the organization and VERSUNI NETHERLANDS B.V. becomes the new founder of the organization - internal deal. Philips is not trying ot leave as it took half a billion RUB in loans in war year 2022 and invested it in fixed assets.
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.
Suspend manufacturing in Russia
Deere said it suspended shipments of machines to Russia two weeks ago as the nation invaded Ukraine, and subsequently halted deliveries to Belarus. Insight Investment Group confirmed the acquisition of John Deere Financial LLC, a subsidiary of the U.S. company, but declined to disclose the price. 11.2023: FLIT LLC becomes the new founder of the organization of the leasing company. Partial exit as key company still not sold.
Production on one site in St. Petersburg is stopped.
Initially paused exports to Russia. The Pernod Ricard company, which owns Ireland's largest Jameson whiskey brand, has resumed supplies to the Russian market. Sales were suspended in March last year after the start of a full-scale war between the Russian Federation and Ukraine. The Absolut Company has decided to stop the export of its brand to Russia.
We have decided to scale back our business and will refocus our efforts in Russia on our essential role in feeding the Russian people and pets, Any profits from our Russian business will be used for humanitarian causes, We have suspended new investments in Russia and will not import or export our products in or out of Russia, Our social media and advertising activity in Russia and Belarus will remain suspended,
Suspend new investments and reduce manufacturing in Russia
The company stopped the supply of protective coatings for the aerospace industry due to the imposed sanctions and stopped investments. The company continues to supply goods to households.
The company decided to continue doing business in Russia, citing the lack of bans from France and the EU. The Bonduelle company, which continues to work in the Russian Federation, supported the Russian military. Scaled back operation in Russia.
Suspend the operation of its stores in Russia. Vedomosti learned about the plans of the owner of Reebok in Russia to buy out Decathlon. Turkish FLO Retailing and Lebanese Azadea Group are negotiating the purchase of assets of the French chain Decathlon in Russia. New buyer was found for asset purchase, Russian company ARM, which owns, in particular, the Mango franchise. Decathlon stores will open by the end of this year after the sale to the new owner is completed, the asset sale transaction has already been approved by the government commission. 10.2023: ARM LLC becomes the new founder of the organization. The entry about the founder of the EUROPEAN SOCIETY "DECATHLON" has been removed from the Unified State Register of Legal Entities. The company actually did not leave the Russian market, but continues to work through intermediaries, and earned $ 12 million.
Maintain skin and bodycare products; stop other products
The company has stopped exports to customers in Russia and Belarus and imports from these two countries. All investment projects have been cancelled. Local activities are now operating at a minimum and in autonomous mode to maintain the employment of employees.
Merck to continue supplying essential medicines and vaccines in Russia and will donate any profit from Russia to humanitarian causes, the company will not make further investments in Russia, This includes stopping all promotional activities, capital investments and business development initiatives, Additionally, screening and enrollment in ongoing clinical trials, and planning for new studies in Russia have been suspended,
The Chinese electronics manufacturer Honor promised to suspend the official supply of devices to the Russian Federation. But later new Honor smartphones went on sale in Russia.
Paused new investments/development
Suspend all non-essential business activities; keep delivering some medicines
Continuing to supply medical devices and technology as well as continuing to support healthcare providers. Statement condemning Russian invasion of Ukraine. Relocated or made redundant its engineers working in Russia.
Promised to end shipments of new cars; dealerships running and warranty obligations honored. The Volkswagen Group report also mentions the agreement reached in December 2022 on the sale of Porsche showrooms in Russia to an investor unrelated to the German corporation. Let us remind you that the Porsche brand is part of the Volkswagen concern. We are talking about LLC "Porsche Russland" and LLC "Porsche Center Moscow". According to the data, the transaction assumes the possibility of repurchase of assets, but not earlier than in five years, and the deadline for repurchase is ten years. At the moment, the deal is being evaluated by the Russian government. Porsche Board Member Allegedly Seeks Deal With Putin To Rebuild Russia’s Auto Industry. In the letter obtained by Der Spiegel, Siegfried Wolf proposed to Putin that the new Volga cars be based on Skoda models.
Reduce Russian operations; stop sales to aerospace. Due to the inability to sustainably operate at even the bare minimum, PPG Industries has made the decision to activate options to exit Russia, including a possible sale or controlled exit from the Russian market.
Suspend new investments. GEA to scale down Russian business.
Limiting sales and workforce in Russia
17.05.2022: The full name has been changed with Limited Liability Company Luxoft Proffesional for LLC IBS Infinisoft, 20.04.2022: IBS IT Service Joint -Stock Company becomes a new founder of the organizational liability unit "Information Business". In 2022, Integriti Solutions LLC, which is almost 100% owned by Luxoft Global Operations GmbH, based in Switzerland, increased its revenue by 97% to 3.5 billion rubles. Back in March 2022, Luxoft announced that it condemned Russia's actions, supported Ukraine, and decided to withdraw from the Russian market. Against this background, Luxoft transferred part of its Russian programmers to other countries, and also sold part of its Russian assets: in particular, LLC "Luxoft Professional" and ANO "Uchebny Tsentr Luxoft" were transferred to the structures of the IBS group. As of April 2023, the founder of "Integrity Solutions" remains the same, and there is no mention of plans to liquidate the company in the explanations to its financial statements.
Refraining from all investments in Russia and at the same time sticking to the delivery stop, have operating production in RF
Promised to suspend deliveries and operations at all its stores in Russia. Questions about Puma's relationship with wholesalers linked to Russia arose as early as May 2022. One of the leading exporters after the invasion is EUT SOLUTIONS PTE. LTD, a Singapore company, registered on 10 August 2022.
Selling its business in Russia. It will operate until the sale is concluded. Technical records in the register - 29.07.2022: The record about the founder of LLC AGGRECO UKEY LIMITED has been deleted. The record about the founder of OOO AGGRECO HOLDINGS LIMITED has been removed. LLC AGGRECO HOLDINGS LIMITED becomes the new founder of the organization. LLC AGGRECO UKEY LIMITED becomes the new founder of the organization
Promised to close all stores in Russia due to invasion. Stated in the fiscal year ended June 30, 2023: “We have scaled down our operations in Russia. We expect to continue selling a limited selection of products to retailers in Russia”; “ Net sales from Russia decreased in fiscal 2023, as we sold a limited selection of products to certain retailers”.
Still operating in Russia. GEA has initiated measures to scale down its Russian operations as international sanctions increasingly impact the company’s business activities. We are committed to supporting the affected employees and will carry out the associated restructuring measures in compliance with all applicable laws. GEA will continue to maintain scaled down operations to enable the production of essential food and medicine for the local population.
Suspended advertising and all capital investment in CPW in Russia. (No plants, employees or distributors in Russia. Joint venture with Nestle in Cereal Partners Worldwide. CPW has ties to Russia and sells GM cereal outside of the North America. CPW sales <1% of GM total)
Suspend sales and shipments to Russia but independent sellers remain operational
Donating $50,000 to support humanitarian efforts in Ukraine. Also donated $1million to support Ukrainian refugees. Promised to suspend operations in Russia but Customs data shows that the latest deliveries were in Feb 2023.
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.
Suspend all new investment and non-essential activity
Pausing commercial operations in Russia. Donating $300K to humanitarian charities including International Rescue Committee and CARE with employee matching 2:1 up to $200K. Licensees donating jackets and warmer clothes to Urkainian refugess. (About 2% of revenue comes from Russia). The company continues to operate in the regions and made deliveries in 2023.
The company suspended shipment of retail products to customers based in Russia and Belarus, and will no longer be accepting new Russia and Belarus-based AWS sign-ups and Amazon third-party sellers. It is also suspending access to Prime Video for customers based in Russia. Russia's state communications regulator Roskomnadzor has added Amazon Web Services and 11 other foreign technology companies to a widened list of firms it wants to open local offices or face penalties and possible bans. A magistrate in Moscow imposed a fine of more than 200 million rubles on the American company Amazon. for an administrative offense. It is due to the company’s lack of representative office in the Russian Federation.
Stop coal imports; lubricants business unchanged
Paused all operations and exports of machines and parts in Russia. Operations include offices and a factory supplying Russian market. JCB stopped exporting to Russia in early March, saying it would “pause” operations in the country. But an Observer investigation reveals how Lonmadi and Kwintmadi have continued to sell JCBs, even offering customers credit from Gazprombank Autoleasing, an arm of Russian bank Gazprombank, to buy them. No official position, they were present on recent Moscow Truck Expo.
Suspending all consulting services business, will not seek new business for these services, and will halt all investments in Russia. The company will continue to provide its core retail measurement service and honor related legal commitments.
Metabowerke continues operations in Russia but decreased revenue in 2022 vs 2021.
One single project was terminated. Since the beginning of the full scale invasion, Evonik only stopped new business development in russia and of course applies to EU sanctions.
Suspend investments & focus on supply of medicines and vaccines.
Received revenues in Russia in 2021. Started to review all national and international business activities related to Russia and Belarus. Have severely restricted the ongoing business of Russian subsidiary, well beyond the respective applicable sanctions. No longer supply any products for the oil and gas industry. Furthermore, have completely discontinued the components and spare parts business. Deliveries are still being supplied to the civil infrastructure in the water and energy segments, but these activities are also being critically questioned.
March 16: Suspended the supply of appliances to Russia, exceeding EU sanction requirements. March 9: Significantly reduced operations in Russia.
Call centre group Teleperformance says it has 'curtailed' Russian operations. But Russian website is operational as of Feb 23, 2023 with a slogan "Welcome to Russia". Not clear what "curtailing" operations means, other than complying with sanctions.
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.
Still operating in Russia. Received revenues in Russia in 2022 (but less than in 2021).
Scale back to critical products to ensure food security.
Stopped investments on the Russian market
Received revenues in Russia in 2022. From February 6, 2024 feed for animals will not be imported into Russia from the Italian company Hill's, where Rosselkhoznadzor found violations.
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.
Bureau Veritas has downsized its business in Russia in the sectors where the company was previously operating i.e. Marine, Aeronautics and Commodities.
Not leaving or suspending. Paused all shipments in and out of Russia. Starting deliveries again after legal actions taken to be able to continue them. Alfa Laval expects to have largely completed the wind down of business activities in Russia by mid-2023. The company has not accepted any new orders for delivery to Russia, or for use in Russia, since 3 March 2022. Since the Russian invasion of Ukraine, Alfa Laval has decreased the number of employees from 230 employees to 60 at the end of March 2023, and the number will continue to decrease until the wind down is completed. Some employees will remain somewhat longer to manage the premises and entity.
Refuses from new business transactions with Russia, the Company said it would only fulfill current contracts that are not subject to sanctions. Gunvor handles no Russian crude and only very small quantities of products.
Halt new business & scale back shipments to Russia significantly
Suspend operations outside of staple food products
At the end of February 2022, DMG Mori announced that it would cease all sales and service in Russia, as well as all production at its plant in Ulyanovsk. However, the available information shows that certain Russian companies of DMG Mori remain active participants in the Russian market, which contradicts official statements that such companies as DMG Mori Rus LLC are not actually operating and perform only administrative functions. In particular, according to the decision of the Moscow Arbitration Court of 03.07. 2023 No. A40-51758/23-62-407, DMG Mori Rus LLC supplied machine tool components in July and August 2022 to Saturn Instrument Plant JSC, a subsidiary of UDK-Saturn, a manufacturer of gas turbine engines for military aircraft under sanctions imposed by the EU, the USA, Canada, Switzerland, Japan, Ukraine and New Zealand. Included in the list of international war sponsors by NACP. The company’s services cover the entire cycle of a machine tool, including training, repair, maintenance, and spare parts. At the end of February 2022, DMG MORI announced that it would cease all sales and service in Russia, as well as all production at its Ulyanovsk plant. In reality, DMG MORI remains an active participant in the Russian market, which contradicts its official statements.
Winding down all business. Promised no longer any activities in Russia but still received revenue in 2022.
Received revenues in Russia in 2021-2022. Coloplast’s priority is also on continuing our supply of products to our users. We provide essential products like ostomy bags and catheters that are necessary for people to maintain a dignified life. Our position is that under no circumstances should people living with intimate chronic conditions be without essential products and treatment. Since March 2022, Coloplast has, however, halted all new investments in Russia. Today, our focus is primarily on serving our existing users of ostomy products and catheters in the country.
Revenue received in Russia decreased from $50 mn in 2021 to $35 mn in 2022.
Promised to stop production. Gestamp have several plants in Russia which are still operating on daily business but scaled back volumes.
Keywords Studios, the Irish video game services company, said it has made “significant progress” in reducing its presence in Russia. A spokeswoman said it was “well advanced” in relocating staff to Poland, Serbia, Armenia and Malta.
Temporarily close our boutiques in Russia and pause all our commercial activities. After a steep drop right after the invasion, shipments never really stopped, and recovered the volume somewhat by the Fall of 2022, albeit not at the pre-invasion level. Moreover, singificant porttion of the shipments is direct.
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.
Danieli produces steel processing machines which can be used to produce tanks or submarines. "We certainly have no control over which hands they change once they’re sold. What we can guarantee is that our customers do not belong to the lists of interlocutors prohibited by sanctions". Included in the list of international war sponsors by NACP.
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.
Continuing business in Russia and exports but significantly reduced volumes.
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".
The company is very important to the transportation industry of Russia. Has 2 legal entities (were recently renamed to hide relations with Doppelmayr) which reduced volumes but continued import in 2022. Customs data shows that the latest deliveries were in September 2022.
Rittal's Russian subsidiary has only supplied companies that are not on any sanctions list at any time – and are not today – and are therefore not considered critical by internationally competent authorities. Contrary to what has been stated, we are not aware of whether or when Rittal Russia's customers have in turn supplied third critical end users. It is therefore impossible for us to trace the direct connection as reported by Business Insider. At no time after the start of the war did we supply Rittal products to Russia: Rittal completely stopped all deliveries to Russia at the beginning of the war, even before the embargo was significantly tightened. We even recalled trucks that were already on their way and could still have delivered. We have ensured throughout the organisation, including internationally, that no products were delivered to Russia at any time. To this end, our subsidiaries have had clear instructions since 28 February 2022. In addition, our Russian colleagues were also instructed to implement the objectives of the embargoes within Russia as well, without putting themselves at personal risk. However, they are Russian citizens and as such must comply with local laws – as must the Rittal subsidiary there. So if they refuse legal orders in Russia, for example, and thus refuse to hand over residual stock already in Russia before the export ban, they can be liable for prosectution by the Russian authorities. There is a threat of considerable personal fines and imprisonment. We have also stopped sales activities and decided to dissolve our subsidiary in Russia. Currently, only the administrative liquidation is still ongoing.
Resumed shipment of steel to Russia from its production in Kazakhstan.
Not pursue new business opportunities but continue fulfilling existing contracts
Suspending operations in Russia, including retail and e-commerce sales and imports into the country. Donation to UNICEF. (Business in Russia makes up 2% of sales). In August Crocs stores are reopening in Russia. The stores of the footwear brand Crocs in Russia have announced their reopening with a new operator. The shops of the American footwear manufacturer Crocs, which closed in March after Russia's invasion of Ukraine, will be managed by a new entity under the former head of Russian Crocs, Eric Peti, called "Kler." Management of the location in the Afimall shopping center in Moscow has been transferred to "Kler," which reopened after the cessation of work in March, just like the store in "Metropolis." However, as the interlocutor clarified, the Crocs online store in Russia will not resume operations, and the products will be supplied through other online platforms. The company supplied its products to Russia till August 2023.
Temporarily suspended commercial activities. The American clothing and footwear manufacturer VF Corporation (brands Vans, The North Face, etc.) has decided to close its stores in Russia, and transfer the local division to wholesale deliveries. This is stated in the reporting of the Russian structures of VF Corporation LLC "VF Sys-I-S".
Received revenues in Russia. Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine. The Turkish bank began to reset and close the accounts of the Russians. The Turkish bank began to reset and close the accounts of Russians.
Stopped the purchase of all rough diamonds from Russia, as well as diamonds of Russian origin. Tiffany and Cartier continue to use Russian diamonds in their products - investigation.
Promised to suspend deliveries and sales to Russia. But was discovered to have continued sales to Russia through Feb 2023 despite claiming the contrary.
Received revenues in Russia in 2021, which has significantly decreased in 2022, there is no any official announcement.
Have factories in Russia and are producing parts for russian automobile industry, AvtoVAZ. Volume of revenue decreased in 2022 vs 2021.
Aveva warns of hit from Russia sanctions. Revenue was impacted by the war in Ukraine and consequential sanctions on Russia as AVEVA has ceased new business in Russia. The Group continues to support existing non-sanctioned companies where there is no legal basis to terminate contracts. Russia is a relatively small market in the context of the Group, representing around 2% of revenue in FY22. The company statement: "We have terminated our contracts with all customers, except for a handful of subsidiaries of foreign multinationals, which do not fall within the remit of the sanctions and trade controls. AVEVA LLC is no longer active in Russia and has no employees."
Continuing business in Russia and exports (the latest deliveries were in February 2023) eventhough volumes decreased in 2022 vs 2021.
Ramping down sales activity and focusing on liquidating working capital
Scaling down but still in numerous projects across Russia
Spin Master does not have any operations in Russia. Spin Master suspended operations in the country in March 2022 and made the decisions to officially close the Russia office in June 2022. But three months into the war, Spin Master Corp. (best known for PAW Patrol, Bakugan, Kinetic Sand, and Rubik's Cube) is still “watching the situation in Ukraine” without taking a stance against the war and cutting ties with Russia.
Interim relief by NMC for medical students hit by Covid and Russia-Ukraine war
Reduced revenues in Russia in 2022, Gucci is owned by Kering, which have also scaled back operations.
Still operating in Russia. “We are providing absolutely no new funding for our operations in Russia, and have stopped all new investment and all financial flows between the group and our Russian subsidiary.
Restrict Russian operations to medical services
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").
Peikko Group in 2022: Turnover EUR 314 million with 23% growth. Revenue in Russia decreased from $18 mn in 2021 to $13 mn in 2022. Peikko’s presence in Russia changed significantly in February 2022. Immediately after the war began, Peikko substantially downsized the Russian operations, starting with the major dismissal of employees. During the months of May and June, Peikko decided to withdraw from Russia completely and started the exit process. By August, Peikko had changed the name of its Russian company, had separated the operation from the rest of the Peikko organization, and had started the process of selling shares. However, Russian legislation changed in September, which meant that a permission from the government must be obtained before the sale of any shares belonging to limited liability companies. Peikko did not obtain this permission during 2022 and the process is still on-going.
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.
ASUS said that its shipments to Russia are at an effective standstill and that it abides by international regulations. ASUS equipment is still continued to be exported to Russia in 2023. Taiwanese MSI became the leader in laptop sales in Russia, overtaking Asus and Huawei.
Promised to suspend operations in Russia. But in 2023, 43 Lamborghinis, 30 Bentley Bentaygas, 32 Rolls-Royce Cullinans and nine Ferrari Romas were bought in Russia.
All new engine business with Russia and Belarus has been discontinued until further notice
The company is suspending sales into Russia with exception for life-saving products, ceasing further investments in Russia and temporarily closing sales and research centers. Corning Incorporated, which planned to sell its Russian assets in 2022, could not quickly find a buyer for them. Now the company is considering not only the option of sale, but also the write-off of these assets, it follows from the explanatory notes to the financial statements of Corning CIS for 2022, published in the Federal Tax Service database.
Stopped new business, closed sites, and scaled back serviceds
Freeze investments and stop purchasing crude oil from Rosneft from May 15. Following a review of options in respect of its 10 percent non-operational, passive shareholding in Vostok Oil, Trafigura has now exited its investment; maintain shareholding in Russia. Suspend all business activities indefinitely & exit Russia, but sells Russian oil. Trafigura terminated its long-term offtake contracts for crude oil and petroleum products with state-owned Russian producers in advance of European sanction…. "Since then, we have not purchased Russian origin crude oil. We continue to comply with applicable sanctions".
LiSEC informed KSE that closed subsidiary in Russia from August 1 2023 but no proper changes in the register reflected so far.
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.
Statement condemning Russian invasion of Ukraine. Suspended sales of products and services in Russia and Belarus. Discontinue business operations in Russia. Trade data indicate that components manufactured by Harting, Trimble and TE Connectivity continue to be imported into Russia through official distributors or through third countries such as Hong Kong and Turkey.
Stop buying Russian oil by the end of 2022. Vitol sells stake in Russian Arctic development. Vitol announces that it has divested its interest in Vostok Oil LLC. Vitol said: “Product exported from Turkish refineries is not Russian origin, according to all international regulations.” It said its volumes of Russian crude oil and products traded had fallen by more than 90% since the first quarter of 2022 and “volumes are now negligible”. “We continue with our policy of minimising purchases of Russian origin products, in full compliance with all applicable legislation and regulation in relation to sanctions,” Vitol said, adding that it continued to have a presence in Ukraine and intended to invest in the country long term.
Dentons remain on the Russian market (still working with seperate entity) - they keep their staff, employees, but change their name to Nextons, and promise to do all business in the Russian Federation through this preferred partner. This is the exact opposite of exiting the market.