Stop Doing
Business with Russia
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 or liquidated local entity(ies)
Exit Completed
Haier itself has no plans to leave the Russian market. In the summer of 2022, Haier announced plans to expand the production of household appliances in Naberezhnye Chelny. The brand's fourth factory will be built here. The Chinese manufacturer of household appliances Haier intends to liquidate the factory of Candy household appliances in Kirov. Significantly increased revenue in 2023 vs 2022 (more than 1.5x! times).
In 2022, the Turkish holding purchased the Russian assets of the American corporation Whirlpool (Whirlpool, Hotpoint and Indesit brands), including production in Lipetsk for the production of refrigerators and washing machines, for €220 million. Significantly increased revenue in 2023 vs 2022.
Still operating in Russia. Significantly increased revenue in 2023 vs 2022.
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". Significantly decreased revenue in 2023 vs 2022. Home appliance manufacturer LG has relaunched its application for viewing LG Channels TV channels in Russia. Previously, the Ukrainian Megogo was responsible for developing the application of the South Korean brand, but after February 2022 the company stopped supporting it in the Russian Federation. The new application was presented by the LG development center in St. Petersburg. This is not the first time that a Korean company has shown interest in the Russian market, to which it has not officially supplied products for three years. According to Russian media reports on September 12, 2024, LG, which has withdrawn from the Russian market, has recently applied to register a trademark for cosmetics in Russia. LG Electronics Inc. has resumed work at its home appliance plant in Russia amid prospects for a ceasefire between Russia and Ukraine, marking the return of South Korean companies to the market after nearly three years.
Chinese investors, including Midea and Hisense, are interested in the acquisition of Russian Bosch plants. The largest Iranian manufacturer of household appliances, Entekhab Group, is negotiating the purchase of a refrigerator plant of the major Chinese brand Midea in Tatarstan.
Still operating in Russia
The revenue of Hikvision, the Russian office of the world's largest Chinese manufacturer of video surveillance solutions, grew by 42% in 2022 to 10.9 billion rubles. Included in the list of international war sponsors by NACP. The company received almost $150 million of revenue in 2023 and has not gone anywhere, its support service in Russia works normally at the number +7(800)500-00-88 or via Support.ru@hikvision.com
Received revenues in Russia in 2021, there is no any official announcement
No official statement
The company operates in Russia and gained profits 5 years after the start of work. It was able to earn billions rubles and opened a development center.
Received revenues in Russia in 2021, there is no any official announcement
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. Significantly reduced revenue in 2023 vs 2022. Revenue increased in 2024 vs 2023 by more than +30%.
Received revenues in Russia in 2021-2024, there is no any official announcement.
No statements found. Office in Moscow. Revenue increased in 2024 vs 2023 by more than +50%.
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". Revenue increased in 2024 vs 2023 by more than +30%.
Signed aggreement to divest all Russian operations. Purmo Group, a global leader in indoor climate comfort solutions, has sold its Russian operations, ending all business in Russia. In 2023, Purmo's Russian business represented nearly 3% of its total net sales. Revenue increased in 2024 vs 2023 by more than +30%.
Thanks to this company, the Russian market has access to high-quality equipment (construction power tools), which is used to build all kinds of projects (including military facilities). During the war in Ukraine German tool company Einhell quintupled its profits in Russia.
No official statement
Continuing business in Russia and exports.
Acer has decided to suspend its business in Russia due to recent developments. But Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs.
Received revenues in Russia in 2021-2024, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022. Revenue increased in 2024 vs 2023 by more than +100%.
Promises to suspend shipments to Russia. The Russian office of Nikon Corporation - Nikon LLC, whose founder is the Dutch legal entity of the corporation, does not rule out resuming supplies of products to the Russian market in the near future. This follows from the explanations to its financial statements, published in the Federal Tax Service database in early April 2024.
Received revenues in Russia in 2021, there is no any official announcement
Brussels plans sanctions on Chinese companies aiding Russia’s war machine. 3HC, which makes computer chips, is “attempting to evade export controls and acquiring or attempting to acquire US-origin items in support of Russia’s military and/or defence industrial base”.
According to official data from the Futuresource-consulting resource, the market of regular SSD drives for PCs and laptops in Russia has been dominated by three brands over the past 2-3 years. The leader is the Taiwanese hardware manufacturer ADATA - its share fluctuates around 30% of the entire SSD market. The second place is taken by another representative of Taiwan - Apacer Technology Inc. It accounts for 10-15% of all drives sold. The top three are closed by the American company Patriot Memory. It took 10% of the market. Moreover, when the main players left the market, ADATA remained, but Apacer and Patriot entered this market already DURING the war.
Company's components have been found inside the Shahed-136.
Small Chinese drone manufacturers are interested in localizing assembly in the Russian Federation and are negotiating the organization of joint ventures with local developers. Among potential investors, they name Fimi, AEE and ZeroZero.
Britain imposed sanctions against Turkish and UAE companies for military supplies to Russia. The sanctions list includes Aeromotus Unmanned Aerial Vehicles Trading LLC from Dubai, which supplies Russia with drones and their components.
Aiding Russia’s war machine.
Aiding Russia’s war machine.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is Altera).
The U.S. Treasury Department's Office of Foreign Assets Control has imposed sanctions on five entities and two entities based in Iran, China, Hong Kong, Turkey, and the United Arab Emirates. irats that are accountable to the transnational measure of drone proliferation in Iran.
In June 2022, the U.S. Commerce Department placed Shenzhen-based Winninc Electronics on the Entity List. Seven months later, it sanctioned another Shenzhen-based firm, AOOK Technology, as well. As exporters of semiconductors and electronic components, the companies were accused of supporting Russia’s military and defense industrial base.
According to official data from the Futuresource-consulting resource, the market of regular SSD drives for PCs and laptops in Russia has been dominated by three brands over the past 2-3 years. The leader is the Taiwanese hardware manufacturer ADATA - its share fluctuates around 30% of the entire SSD market. The second place is taken by another representative of Taiwan - Apacer Technology Inc. It accounts for 10-15% of all drives sold. The top three are closed by the American company Patriot Memory. It took 10% of the market. Moreover, when the main players left the market, ADATA remained, but Apacer and Patriot entered this market already DURING the war.
Turkish Arcelik acquired Indesit JSC and Whirlpool LLC in Russia. Acquired firms able to produce 2.8M units of refrigerators and laundry products in their Russia facilities.
The US introduced export restrictions against the company. Japan has imposed trade restrictions against Chinese companies as part of a new round of sanctions against individuals and groups that support Russia's war against Ukraine. The Hong Kong company Asia Pacific Links, which supplied microchips for Russian drones, and the Chinese Yilufa Electronics Limited were sanctioned.
Russia continues to import the ASML line of equipment. It is used by microchip manufacturers who work, in particular, with the military industry. According to Russian customs and open registers, ASML equipment was initially imported by AK Mikrotech. In July 2023, it came under Western sanctions and probably stopped importing these products.
Under the brand Digbox, DJI Ars Moscow sells drones and other items on Ozon, a popular online marketplace that Russian soldiers sometimes use to equip themselves for the war. Russian customs data obtained by reporters shows that at least one of its sources is in Kazakhstan. In 2022, it imported over 500 drones from a Kazakh company called Aspan Arba.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
Company provides servers and infrastructure for the Russia, sells into Russia. This Taiwanese company, a subsidiary of ASUS, continues to officially sell servers and data storage solutions to Russia and Belarus. These products can be utilized by the Russian government against the Ukrainian military, catering to both enterprise and personal use.
Have a lot of Russia customers, can help Russia companies in IC, electronic components.
The company did not make any statements regarding the withdrawal from the Russian market. The website of the official dealer in Russia is working. There is only a statement from February 25 that the company's drones are used only for peaceful purposes in Ukraine and do not harm people.
Chinese companies are transferring technology to equip the Russian army, Importgenius trade data shows.
Azint Elektronik Makina Gida Urunleri Tekstil Nakliyat Ithalat Ihracat Sanayi Ticaret Limited (Azint Elektronik) is a supplier of high-quality foreign-made microelectronics. Between August 2022 and June 2023, Azint Elektronik made shipments to Russia containing high-priority goods such as electronic integrated circuits and tantalum and multilayer ceramic capacitors.
Basilevs Lojistik Medikal Tarim Ticaret Ve Sanayi Sti (Basilevs Lojistik) has sent high-priority goods to Russia. Basilevs Lojistik has also sent lithium-ion batteries, electrical batteries, and instruments for metal processing to Russia.
Bion Group Ltd Sti, a former textile trader that recently expanded into wholesale electronics and supply chain keeping tech flowing to Russia.
The "anti-espionage" smartphone for Russian officials is actually made in China. The company declared the smartphone under the Ruteq trademark in several models, manufactured by Bopel Mobile Technology Co Limited from Hong Kong.
No public statement found. (Dealerships located in Russia. World’s largest producer of engines for outdoor power equipment.)
The Russian division of Bosch has dismissed the remaining managers of sales of household appliances and is negotiating the sale of the business to the Turkish investment fund Can Holding. Can Holding plans to start the production of refrigerators, washing machines and built-in appliances in the Russian Federation under its own brands (Awox, Seikon, Telefox and Energia and others), and also provide capacity as contract production to other vendors.
No public action found. (SKIL is sold in Russia. Lowe's 2021 vendor partner of the year.)
The National Agency for the Prevention of Corruption (NACP) listed the Chinese company ComNav Technology on the list of international sponsors of the war: ComNav manufactures and still supplies Russia with navigation and radar equipment.
The company continues to supply products to Russia.
Turkiye-based companies providing material support and supporting russian sanctions evasion: CTL DIS TICARET LIMITED SIRKETI (CTL LIMITED) is a Turkiye-based intermediary that ships BIS-identified high priority electronic components of U.S.- and European-origin to affiliate companies located in Russia.
According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA).
Export components for drones to Russia.
The U.S. Treasury Department's Office of Foreign Assets Control has imposed sanctions on five entities and two entities based in Iran, China, Hong Kong, Turkey, and the United Arab Emirates. irats that are accountable to the transnational measure of drone proliferation in Iran.
Datamars supplies ear tags for cattle, microchips, weighing systems, electric fences, and veterinary injectors in Russia. These products are essential for livestock management, but the market is likely served by multiple competitors, both local and international.
Iranian manufacturers of household appliances intend to localize production in the Russian Federation. In particular, we are talking about Datees and Emersun, which can buy or rent, for example, stopped capacities of Samsung and LG.
The US State Department sanctioned DeepCool for the alleged sale of $1 million worth of products to two Russian companies.
Since 2022, the company has not ceased operations in Russia and its products are widely present in Ukraine. At the same time, the company avoids mentioning work in both Ukraine and Russia, but customs data indicate that they continue to supply their products to the Russian Federation.
Aiding Russia’s war machine.
Announced that stopped selling drones in Russia but Russia still uses DJI complexes to detect drones of the Armed Forces of Ukraine.
The US has imposed export restrictions on 37 companies, nearly 30 of them Chinese, for activities that include aiding the Russian military and supporting China's PLA. The list also includes DMT Electronics, which is said to be based in Russia, as well as Belarusian DMT Trading LLC.
The company continues to supply products to Russia.
The Russian firm and defense contractor JSC NTC Modul buys electronic equipment in Switzerland from E-tec Interconnect AG.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
Iranian manufacturers of household appliances intend to localize production in the Russian Federation. In particular, we are talking about Datees and Emersun, which can buy or rent, for example, stopped capacities of Samsung and LG.
The Iranian manufacturer of household appliances Entikhab Group cannot agree with the Turkish Vestel on the purchase of facilities in the Vladimir region. The deal was valued at $45 million, and Rusklimat was to become the plant's management company. However, they decided that they were not interested in the project. There are other contenders for the capacity of the Turkish vendor, but experts believe that the Iranian investor will be able to find a new scheme and complete the deal. The largest Iranian manufacturer of household appliances, Entekhab Group, has switched to another enterprise after unsuccessful negotiations on the purchase of the Vestel plant in the Vladimir region. The Iranian side is negotiating the purchase of a refrigerator plant of the large Chinese brand Midea in Tatarstan. Entekhab Group's entry into the Russian market is one of the few opportunities for the company to expand production, experts say.
Ekonomichna Pravda (EP) obtained a report on the Russian production of Lancets from the Ukrainian President's Office, jointly compiled by Ukrainian special services and research institutes. It also mentions equipment from the Swiss company Essemtec.
Aiding Russia’s war machine. The Moscow-based LLC "ETC Electronics," established in 2021, imports microchips from Texas Instruments, Analog Devices, and Altera, which are used in the "Kinzhals," through the Chinese company ETC Electronics Limited.
Small Chinese drone manufacturers are interested in localizing assembly in the Russian Federation and are negotiating the organization of joint ventures with local developers. Among potential investors, they name Fimi, AEE and ZeroZero.
Germany's WWSemicon GmbH and Hong Kong's Finder Technology continued supplies to Russia's Compel in 2023 and appear to be the company's largest suppliers, accounting for at least 65% of Compel's imports from 2022. Overlooking the waterfront of a Hong Kong suburb, Finder Technology has shipped millions of dollars’ worth of components to Compel, including various high-priority items for Russian weapons systems.
Chinese companies are transferring technology to equip the Russian army, Importgenius trade data shows
Chinese companies are transferring technology to equip the Russian army, trade data (Importgenius) shows
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
The company continues to supply products to Russia.
Aiding Russia’s war machine.
Fortis distributor also offers its clients Chinese server and telecommunication equipment from Gooxi company. This is an Asian manufacturer of server equipment, which has its own factory, research and development center in mainland China, but also plans to localize production facilities in other countries.
Despite sanctions and other risks related to business with Russia, many Latvian companies still export to this country. Recently, the Central Statistical Bureau (CSB) published a list of businesses continuing exports to Russia after the war began. Another noteworthy company is Green Trace Ltd, which exports technology from the Electrolux, Zanussi and other brands through Latvia. In 2021 the company had an EUR 107 million turnover in Russia, which is around 90% of its total turnover of EUR 116.8 million.
Promised to suspend new investments and "sharply" reduce activities in Russia. But the company still hasn't left the market and did not reduced its activities. Actively hires employees for positions, including head office. It promises a business trip to Europe, the possibility of relocation in the future.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
Chinese investors, including Midea and Hisense, are interested in the acquisition of Russian Bosch plants. The Russian division of Bosch has fired the remaining sales managers for household appliances and is negotiating the sale of the business to the Turkish investment fund Can Holding. Chinese Hisense pulled out of negotiations as Turkish company offered more money.
Company's components have been found inside the Shahed-136.
The U.S. Treasury Department's Office of Foreign Assets Control has imposed sanctions on five entities and two entities based in Iran, China, Hong Kong, Turkey, and the United Arab Emirates. irats that are accountable to the transnational measure of drone proliferation in Iran.
IMAXChip Technology was sanctioned in December 2023 for making "multiple shipments of advanced electronics to Russia," a Treasury notice said, including to the sanctioned Akrol firm. IMAXChip has become one of Russia's top five sources of foreign microelectrics.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions. The US introduced export restrictions against the company.
The company officially updates, maintains, and sells enterprise servers and data storage equipment in Russia, as well as provides tech support. This Taiwanese company provides enterprise server and data storage solutions for the Russian military and government sectors. It continues to list Russian suppliers on its website, and Yuriy Shogenov, a Russian national, serves as their official representative in Taiwan. The company is also looking to expand in the Russian market by hiring Russian-speaking engineers, as indicated in their job listing on the Taiwanese site: https://www.104.com.tw/job/88qdl. Notably, news featuring Yuriy Shogenov was published after the onset of the war in 2023: https://www.infortrend.com/ru/news/20230705/510
The US has imposed export restrictions on 37 companies, nearly 30 of them Chinese, for activities that include aiding the Russian military and supporting China's PLA. The restrictions affected divisions of the Chinese genetics company BGI and the Chinese cloud computing company Inspur.
Izzition E-Technology was sanctioned the same month, for its use "by the Russian government to procure electronic components." The company deals in goods, including semiconductors, for which Russian arms are heavily dependent on imports.
Turning machines for NPK KBM were supplied by LLC "KEB-Rus." This company is a partner of the German company KEB, an authorized supplier of components, and a developer of control systems for technological processes and equipment based on them. Even during the war, "KEB-Rus" imports items such as cables from Germany.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Brussels plans sanctions on Chinese companies aiding Russia’s war machine. King-Pai provides microelectronics to Russia that “have defence applications that include cruise missile guidance systems”, the US Treasury has previously said.
Kitanura is imported through the Russian hub in Turkey.
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.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found. OTK Group, the Latvian firm that shipped goods "at the request" of Kompaniya Elektroniks, is affiliated with ITC via Russian citizens who have served as its managers and shareholders.
The German technology company was able to export restricted technology to Russia even after the European Union imposed a new round of sanctions on Vladimir Putin's regime over its invasion of Ukraine. Kontron, which has offices in the EU, the UK and America, used its Slovenian subsidiary to export more than €3.5 million worth of sensitive telecommunications technology to its Russian unit in late 2023.
In Russia, the company operates through Labara-Rus LLC, 88% of whose capital belongs to the Czech company Labara. After February 24, 2022, Labara-Rus imported 324 batches of industrial products for a total of $5.358 million, including Kovosvit machines worth $210.8 thousand.
Aiding Russia’s war machine.
Continue operations with Russia.
China has banned the export of Loongson chips, which can be used in the military industry. But Russian "Norsy-Trans" will start production of data storage systems (SHD), servers and computers based on Chinese Loongson processors. China will not give Russia new Loongson 3A6000 processors, sent old Loongson 3A5000.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
The company continues to operate in Russia and has a link to a distributor in Russia on its website.
According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA).
Aiding Russia’s war machine.
MCI Trading DOO Beograd Palilula (MCI) is a Serbian company that acts as an intermediary in the supply of high-tech goods from manufacturers in Asia, Europe and the Middle East to Russia.
Continuing operations
Companies whose components have been found inside the Shahed-136. The Shahed-136's airspeed sensor board containing non-isolated DC/DC converters manufactured by MinMax Technology. The presence of MinMax components in Iranian military equipment was previously reported by Atlantic Council in 2020.
Mobitronix LLC (Mobitronix) is involved in the trade of satellite receiving equipment and other computer equipment, and has shipped high-priority goods, including electronic integrated circuits; machines for the reception, conversion, and transmission of data; tantalum capacitors; ceramic capacitors; and electrical parts, to Russia.