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
Received revenues in Russia in 2021-2023, there is no any official announcement. Still operating in Russia, total sales in Russia 2023 - 110 Million Euro, 130 workers. General director Viktor Denisenko (https://www.linkedin.com/in/viktor-d-86288719/) is from Edinaya Rossia party, his wife works in the president office of Russia and Symrise management know that. The company has growing plans for 2024: +15% sales growth and +20% growth in profit (https://www.linkedin.com/company/fbusiness-in-russia/).
Fuchs Petrolub, the world's largest independent lubricant manufacturer, told Lube Report in June 2022 that it “no longer supplies raw materials and finished products to Russia. The local business in Russia operates on a limited basis and products are only produced locally for the Russian market." But the company managed to increase its revenue and profit in 2022 vs 2021.
Continue doing business as usual.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue increased in 2024 vs 2023 by more than +30%.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
No official statement
For the production of UAVs, the Russians need epoxy resin, which was supplied to Alabuga by the Russian company Kompozit-Vyroby, which, according to customs data, purchased the material from two German companies — R&G Faserverbundwerkstoffe and Goettle Advanced Products GmbH & Co.Kg.
Received revenues in Russia in 2021, there is no any official announcement
As The Insider found out, Donobuv also supplies the armed forces with shoe glue and solvents (supplied by Jakob KECK Chemie GmbH) and leather (supplied by Salamander SPS GmbH & Co. KG) from Germany, while the soles are imported from Italy (Tacchificio Campiglionese).
KLEIBERIT shows signs of ongoing operations in Russia: the company maintains an official Russian-language website with contacts of its Moscow-based team, regional representatives across Russia, and a Moscow address. On its global website, Russia is also listed in the dealer search as a country with an active partner network.
For the production of UAVs, the Russians need epoxy resin, which was supplied to Alabuga by the Russian company Kompozit-Vyroby, which, according to customs data, purchased the material from two German companies — R&G Faserverbundwerkstoffe and Goettle Advanced Products GmbH & Co.Kg.
The Russian chemical wholesaler Khimmed, which investigators believe received supplies from Riol Chemie, also landed on the list.
The company supplies the chemicals for the biggest mirror producer in Russia. There is no official statement but data on Russian imports shows the orders for "Guardian Russia" and "Roscotact" which were still produced and shipped out via a Turkish trucking company. To mask the tracks, the official business was done with a Turkish company which in turn then sent the products straight to Russia.
Stopping all non-essential business in Russia and Belarus, while ensuring continued access to health and agriculture products. In this regard, the company decided to continue supplying agricultural products to Russian farmers. Bayer added that it expects Russian authorities to help protect the free flow of agricultural products, expressing the hope that they will not use the food to put pressure on other countries.
Suspend manufacturing in Russia
Still operating in Russia. 2 companies: FOLMANN LLC and CHEMICAL ALLIANCE LLC. Revenue decreased in 2024 vs 2023 by more than -10%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
There is no statement on the company's website about the termination of cooperation with the Russian Federation. On the company's website there is information about the representative office in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Stop goods and money flows to Russia
Continued doing business in Russia, but revenue dropped in 2022 vs 2021. Revenue increased in 2024 vs 2023 by more than +50%.
BASF decided to wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. Exempt from this decision is business to support food production. Partial exit (had 4 companies). 07.2023: The record about the founder of CONSTRUCTION RESEARCH AND TECHNOLOGY GMBH has been deleted. The record about the founder MASTER BUILDERS SOLUTIONS DEUCHLAND GMBH has been removed. MBSS HONG KONG LIMITED becomes the new founder of the organization. MBSS HONG KONG ESTABLISHMENT LIMITED becomes the new founder of the organization. President Vladimir Putin signed an order authorizing Lakra Sintez, one of the largest manufacturers of paints and varnishes in the Russian Federation, to buy 100% of shares in BASF Vostok, a subsidiary of the German concern BASF in Russia. Significantly decreased revenue in 2023 vs 2022. 06.2024: LAKRA SINTEZ LLC becomes the new founder of the organization LLC "BASF Vostok". The entry about the founder of BASF COATINGS GMBH has been removed from the Unified State Register of Legal Entities.
Received revenues in Russia in 2021 which dropped x3 times in 2022. The management of the ASK Chemicals Group has decided that all companies of the Group are withdrawing from business with Russia and Belarus. Revenue decreased in 2024 vs 2023 by more than -10%.
Ceased business activity in Russia.
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. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by -97%) decreased in 2024 vs 2023.
In process of exiting business activities in Russia. Henkel put up assets in Russia and Belarus for sale and aims to complete sale of Russia business soon. Henkel agreed to sell business in Russia to local investors for 54 billion rubles. The consortium that acquires the Henkel business activities in Russia includes Augment Investments, Kismet Capital Group and Elbrus Services. All acquirers have established and long-standing business relationships in Western countries and are not subject to EU or US sanctions.The agreed purchase price amounts to 54 billion rubles, which corresponds to around 600 million euros. The relevant Russian authorities have already approved the transaction. 04.2023: Founder entry HENKEL AG & CO removed. KGAALID HOLDING LIMITED and LEAD HOLDING LIMITED become the new founders of the local organizations. The division of the owner of the Persil brand in Russia will begin to operate as an independent company under a new name.
Suspend exports to Russia. 06.2023: ETS LLC JOINT VENTURE becomes the new founder of the organization. The record about the founder of "BRENNTAG AUSTRIA GMBH" LLC was deleted.
Continue doing business as usual, increased revenue and profit in 2022 vs 2021. 27.04.2023: The full name has been changed from LLC "DEUTCH AMFIBOLIN-WERKE - RUSSLAND" to LLC "LINNIMAX PROFESSIONAL COATINGS RUS". At the beginning of spring 2022, the parent company stopped the supply of raw materials, semi-finished products and finished products from the EU to Russia, even before the introduction of EU sanctions. 5 trademarks and exclusive rights to them were extended in 2023 for another 10 years. Revenue decreased in 2024 vs 2023 by more than -20%. 27.05.2025: LLC GAZOBETON becomes the new founder of the organization LLC DAV - RUSSLAND. The record about the founder CAPAROL BETAILIGUNGS-GMBH has been removed from the Unified State Register of Legal Entities.
Suspend business activities with Russia. 13.06.2023: The full name was changed from Lanxess LLC to NL INTERNATIONAL LLC. 05.2023: Smirnov Kostyantyn Oleksandrovych is no longer the general director of the organization. Yakushin Volodymyr Petrovych becomes the new general director of the organization. LLC "Nortex" becomes the new founder of the organization. The record about the founder of LANXSESS DEUTSCHLAND GMBH has been deleted. The record about the founder of LANXSESS CHEMICALS S.L. has been deleted.
Continued operations. 06.03.2025: The legal entity LLC "BIESTERFELD RUS" was liquidated.