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 CompletedChery is ready to organize the release of its cars in Russia. The Chinese car concern can start assembly at another Sollers plant or buy out the assembly facilities. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month.
Haval Motor remained on the Russian market. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month.
Temporary suspension of shipments to Russia due to supply chain issues.
China's Great Wall Motor posts profit surge on Russia business. NACP included the Chinese car manufacturer Great Wall in the list of sponsors of the war.
Geely initially has suspended shipments of cars to dealers in Russia. But later, the head of Chinese car conglomerate Geely has defended a decision by the Geely auto brand to increase car sales in Russia after global rivals pulled out of the market following Vladimir Putin’s invasion of Ukraine. The Chinese car manufacturer Geely was included in the list of international sponsors of the war by NACP.
BelAZ-Holding includes eight enterprises, and its products are exported to 80+ countries around the world, including to Russia.
Temporarily paused operations in Russia but still operating in Russia; not disclosed publicly (factory in Krasnodar). CLAAS, based in Germany, has not curtailed its work in Russia. CLAAS noted in a recent Wall Street Journal article that its food-production equipment falls within exemptions from international sanctions against Russia. The company wants to make a contribution to the global food supply even in times of war, said company boss Mohr. He calls the stopping of the grain agreement “frustrating” and officially declared that the Ivans will not leave the market and it is strategically important for them.
Remains silent on whether they will continue operations. Revenue in Russia has grown. The Chinese manufacturer of limousines for Communist Party leaders Hongqi (pronounced “Huntsy” and translated as “red banner”), which supplies the most expensive cars to Russia (maximum price 19 million rubles), intends to increase sales from 3,300 cars in 2023 to 12,000 in 2024.
Business as usual
Hyousung sponsored a market forum 2022 in Moscow Palace
Continuing to operate majority owned Voltyre-Prom tire factory near Volgograd (factory makes agriculture and industrial tires). Quincy, Illinois-based Titan International, maker of tires for farm tractors, has kept its majority stake in its factory in the southwestern city of Volgograd.
In response to the Russian invasion of Ukraine, Bohnenkamp stopped all spending in Russia and Belarus which includes: the suspension of all marketing activities, stopping all projects to expand business activities, the suspension of all investments. Received revenues in Russia in 2021-2023.
Received revenues in Russia in 2021, there is no any official announcement.
Still cooperating with dealers in Russia; not disclosed publicly
Changan remained on the Russian market. The Changan brand has reduced its model range presented in the Russian Federation from 17 to 14 cars. Crossovers CS35 Plus, CS55 and CS75 FL will cease to be sold in the country. The press service of the company explained that they will be replaced a little later by the next generations of updated cars. However, experts emphasize that the CS35 Plus crossover, which will no longer be sold in the country, was one of the most popular among Russians.
No official statement
Received revenues in Russia in 2021, there is no any official announcement
Have active local entity in Russia.
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.
Received revenues in Russia in 2021, there is no any official announcement
Russian website works. During the period May 2023 - October 2023, at least $49 017K worth of DAF products were imported into Russia. $39 514K worth of DAF products are directly prohibited for deliveries to Russia according to Council Regulation (EU) No 833/2014 at least from 27.04.2023.
Received revenues in Russia in 2021-2022, there is no any official announcement. Increased revenues in 2022 vs 2021.
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
According to Spark-Interfax, as of March 2023, Hans Peter was the CEO of the automobile company Hit Motors Rus LLC, owned by the Kazakh HEAT Motors LLP. By decision of the Board of Directors of JSC MAZ Moskvich, Hans Peter Moser was appointed CEO of the company from June 29, 2023.
Received revenues in Russia in 2021, there is no any official announcement.
Continue doing business as usual.
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 2021-2022, there is no any official announcement. As of 2023 company still shows Moscow office as 100% investment location and revenue is counted in global sales.
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
JAC Motors remained on the Russian market. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month.
No official statement
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
Received revenues in Russia in 2021, there is no any official announcement
Dongfeng remained on the Russian market. At the end of 2023, the manufacturer of hybrids and electric vehicles Voyah, with an average price of 8 million rubles, became the leader in the premium segment, having sold about 4,000 crossovers and luxury minivans in Russia. The owner of Voyah, one of the oldest and largest automakers in China, Dongfeng, decided to rely on expensive cars in the Russian market.
The Finnish company HD-Parts from Vantaa successfully exports trucks and spare parts to Russia worth millions of euros. This information was revealed by the Yle MOT investigation.
China's Heilongjiang Dragon-Link International Logistics Co. will deliver 1,000 used cars to Russia by the end of the year, Deputy General Manager Ge Xin said on the sidelines of the 9th Suifenhe International Cross-Border Trade Fair.
The former Mercedes-Benz plant in the Moscow region will start producing cars of the Chinese luxury brand Hongqi ("Hongqi"), which originally produced cars for the political elite of China. The Chinese manufacturer of limousines for Communist Party leaders Hongqi (pronounced “Huntsy” and translated as “red banner”), which supplies the most expensive cars to Russia (maximum price 19 million rubles), intends to increase sales from 3,300 cars in 2023 to 12,000 in 2024.
The Russian taxi order aggregator "Yandex.Taksy" took a small batch of 12 Iranian sedans Iran Khodro Tara into trial operation.
Exports goods to Russia that could also be used for military purposes, which is a violation of European Union sanctions.
Still operating in Russia, providing online sales, and cooperating with dealers
Kominvex shipments of dual-use goods began the month after Russia's February 2022 invasion and continued at least until August 2023, the customs records show. The exported goods included microchips, processors, disk-storage devices, and digital cable communication systems.
Chinese electric vehicle maker Li Auto has begun selling its L7 plug-in hybrid vehicles in Russia with a starting price of 5.2 million Russian rubles ($66,116).
Meilin Auto unveils plans to begin sales to Russia, registered legal entities in Russia.
Exports goods to Russia that could also be used for military purposes, which is a violation of European Union sanctions.
In 2023, the Russian manufacturers of footwear for the power structures "Donobuv", "Faraday", "Iskozh" and "Unichel" directly imported products from European companies worth 4.1 million dollars. Among the largest European suppliers: the German company Neuhaus Gmbh ($0.7 million).
Produces parts for heavy trailer manufacturers, continued sales and export to Russia in 2023.
JSC Kolomensky Zavod supplies the Ministry of Defense with diesel engines for warships. The enterprise produces engines for the Russian Navy based on the D500. Kolomensky Zavod orders screw springs from Heinrich Eibach GmbH in Germany, safety valves are supplied by HOERBIGER Wien GmbH from Austria, and D49-type engines from Poland’s Piston Ring Manufacturer Prima.
According to trade databases, the Austrian PowerLine Automotive GmbH supplies spare parts and raw materials of European production to the Russian LLC "Turbo King" and LLC "NPO "Rostar" (under sanctions of Ukraine). In 2023 alone, the Austrians supplied products worth more than 2.5 million dollars for "Turbo King" and another almost 250 thousand dollars for "NPO "Rostar".
Russian AvtoVAZ will transfer the production of new cars to Uzbekistan.
SAIPA, the second-largest carmaker in Iran after Iran Khodro, said it will send 45,000 vehicles to Russia and Belarus within three years. The contract is worth 450 million euros ($497 million). SAIPA Automotive Group inked a contract in 2022 with Russia’s Best Motors Company and Lucky Currency Company of Belarus for exporting its products. Currently, the process of receiving the necessary export license is in the final stages. As soon as the relevant documents are received, SAIPA Company will embark on exporting its products to the target markets in Russia and Belarus.
Chinese truck brands occupied more than half (52%) of the Russian market in January 2023 against the background of the departure of European manufacturers and squeezed KamAZ. The top 3 is closed by the Chinese Shacman (Shaanxi) SX3258 (151 cars sold).
The head of Chechnya, Ramzan Kadyrov, demonstrated Chinese armored vehicles from Shaanxi Baoji Special Vehicles Manufacturing. According to Kadyrov, the "Akhmat" battalion, which is fighting in Ukraine, will be equipped with this equipment.
China's Shandong Odes Industry Co., Ltd, (Aodes), a leading manufacturer of all-terrain vehicles, has been listed as international war sponsors by the National Anti-Corruption Agency.
Among the models on the Russian market, the Chinese Sitrak C7H (a family of both tractors and dump trucks) is the leader, which was not presented in Russia last year, but in January 2023 already occupied 15% of the market.
Company operates in Russia. In the TOP4 ranking of the most popular KamAZ trucks, there are three “Chinese” companies: Sitrak, Shacman and FAW. The most popular Chinese truck is the Sitrak C7H truck tractor with a 4x2 wheel arrangement.
Received revenues in Russia in 2021, there is no any official announcement
At the end of 2023, the manufacturer of hybrids and electric vehicles Voyah, with an average price of 8 million rubles, became the leader in the premium segment, having sold about 4,000 crossovers and luxury minivans in Russia. The owner of Voyah, one of the oldest and largest automakers in China, Dongfeng, decided to rely on expensive cars in the Russian market.
Decision to renew production in Russia despite previous announcements to halt production
Suspend unspecified new business in Russia for time being
still operating plant in Togliatti, Russia
See Mahindra Group, business as usual (according to Yale SOM List) but CEO seems to be supportive of Ukraine.
Rolls-Royce Motor Cars has new cars for sale in Russia and claim they don't know how. Cars from British manufacturers, including Rolls-Royce and Bentley, are still coming to Russia despite sanctions imposed over the war in Ukraine. Elite cars are imported, bypassing restrictions, through third countries, mainly through Azerbaijan.
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.
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.
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.
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.
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.
Stopped investments on the Russian market
Halt new business & scale back shipments to Russia significantly
Promised to stop production. Gestamp have several plants in Russia which are still operating on daily business but scaled back volumes.
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.
Have factories in Russia and are producing parts for russian automobile industry, AvtoVAZ. Volume of revenue decreased in 2022 vs 2021.
Chinese Lifan has stopped selling cars in Russia. Later it turned out that the Moscow website is working, cars and motorcycles are available for sale.
Parent company: Volkswagen Group - suspended all shipments to Russia. Cars from British manufacturers, including Rolls-Royce and Bentley, are still coming to Russia despite sanctions imposed over the war in Ukraine. Elite cars are imported, bypassing restrictions, through third countries, mainly through Azerbaijan.
Suspend all shipments to Russia but Russia began to import Lamborghini with mileage on parallel imports.
Stop driect sales in Russia but continue selling through thrid-parties
The Governor of Sevastopol canceled the state purchase of Citroen cars for officials.
Halted production and promised to stop exports. But official dealers are still active and selling cars. Website in Russia https://www.skoda-avto.ru/ is active for Russian IP addresses and it says that "ŠKODA brand website is currently not available outside Russian Federation." if to use VPN. OFAC has removed Skoda from the Sectoral Sanctions Identifications List.
Elon Musk asked to ‘turn off’ Teslas in Russia as he makes superchargers free for people fleeing Ukraine. No direct sales to Russia, but buys aluminum there.
According to press reports, the company is discontinuing the local production in Russia and export to the Russian market. But Rolls-Royce also has new cars for sale in Russia and claim they don't know how. The German automobile concerns Mercedes-Benz and BMW disconnected Russian dealers from the software, which was used for car maintenance.
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").
All exportation of cars to Russia and importation from Russia are suspended. The car plant in Kaluga, which had been shut down since April 2022, resumed production of French Stellantis cars: the Automotive Technologies company with little-known owners launched the assembly of the Citroen C5 Aircross. According to customs data, vehicle kits for assembly come from China from the Dongfeng Peugeot-Citroen Automobile plant. The Stellantis concern in February announced that at the end of 2023 it was no longer related to both the joint venture in China with Dongfeng and the plant in Kaluga, control over which it considered lost.
Suspended exports to Russia due to distribution challenges.
Received revenues in Russia in 2021. After long and detailed discussions, the KYB Group decided to suspend the activities of KUB Eurasia LLC from April 1, 2023.
Suspended Russian exports
Temporarily suspends shipping of bikes, snowmobiles and outboard motors due chaotic logistic networks. Pledge of $700 K to Japan Platform for humanitarian aid for Ukraine. (Presence in Russia.)
Halt production in Russia
Suspend operations in Russia
Has a relatively small business in Russia (3% of revenue), paused operations amid sanctions, avoid any write-downs
Temporarily shut down aluminum plant
Allison Transmission Holdings, which is based in Indianapolis and has no manufacturing in Russia, has stopped all sales in the country.
Stopped vehicle deliveries to Russia following sanctions. Paused vehicle sales in Russia.
Suspend operations at Kaluga assembly plant. Audi currently does not supply any cars directly or knowingly indirectly to Russia.
Temporarily suspended Helly Hansen operations in Russia. (Helly Hansen has 41 retail stores and online sales in Russia). Exit officially, but media reports they look for ways to continue to work