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
Suspended beer deliveries to Russia. Budejovicky Budvar NP said its net profit jumped 46.3% last year to 293.8 million Czech crowns ($12.6 million). It attributed the result to successful development of its markets at home and abroad, which helped compensate for the loss of the Russian market. Budvar halted exports to Russia and Belarus following Russia’s invasion of Ukraine in February 2022.
Stopped delivery. Pilsner Urquell has announced that it will not be sponsoring next year’s Summer Olympic Games in Paris due to the International Olympic Committee (IOC)’s decision to allow Russian and Belarusian athletes to compete in the event.
Stopped exports and withdrew some products for sale in Russia