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
Exit Completed
No action taken; still operating in Russia
Continues cooperation and fulfillment of its obligations
The company works on the Russian market
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
Still manufacturing for the Russian market
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Announced the cancellation of the first LNG carrier as part of three ship contract as RF failed payment
Continued sales of generators and compressors in Russia
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
Still operating in Russia through a third-party; not disclosed publicly
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
Did not make any announcements
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
Still operating in Russia, providing online sales, and cooperating with dealers
Still operating in Russia; not disclosed publicly
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
Still operating in Russia
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
Did not respond to The Journal Times request. (Office in Russia.)
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Plans to move forward with the construction of three more ice-breaking LNG carrier hulls for Russia
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Still operating in Russia; deny comments
Received revenues in Russia in 2021, there is no any official announcement
VA Tech Wabag said it secured an Engineering and Procurement order worth about €18 million (about Rs 149 crore) from DL E&C CO LTD, Korea, for a water treatment package for the EuroChem Methanol Production facility in Kingisepp, Russia
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Decision to renew production in Russia despite previous announcements to halt production
Suspended future projects and investments in Russia. Maintaining operations in Russia. Statement condemning the Russian government’s invasion of Ukraine. (Nine facilities in Russia rendering 3% profits)
Selling down existing stocks in Russia
Halt new investments, Saipem in Talks to End Its Arctic LNG 2 Projects in Russia
General Electric Co said it is suspending operations in Russia, with the exception of providing essential medical equipment and supporting existing power services in the region.
Suspend new investments and reduce manufacturing in Russia
Stop deliveries to Russia; continue manufacturing in Russia
Temporarily suspended shipments to Russia due to sanctions. (No production or sourced raw materials from Russia. Russia makes up ~10% of annual sales (over $470M in 2021).
Stop shipments to and from Russia; no comment about production in Russia
Halt new business & scale back shipments to Russia significantly
Stopped all deliveries to Russia. The sales center in Russia wants to continue delivering to companies that supply civil society.
Not specified business activities in Russia were reduced "substantially"
Stop direct product shipments into Russia & Belarus; no statement about operations inside Russia nor about partnerships
Ramping down sales activity and focusing on liquidating working capital
Stopped new business, closed sites, and scaled back serviceds
Suspended business in Russia.
Suspend deliveries to Russia and Belarus
Put out a statement expressing deep sympathy with Ukraine, and suspended a partnership with Ukrainian Railways (UZ). Reviewing its stake in TMH, a Russian rolling stock manufacturer.
Donating $50,000 to support humanitarian efforts in Ukraine. Also donated $1million to support Ukrainian refugees. Suspended operations in Russia.
Not to accept any new orders from or for Russia with immediate effect, This applies to both the Systems and the Services Division, Burckhardt Compression has no subsidiaries or own employees in Russia and Ukraine,
Stop supplying ships to Russia, halt new contracts
Suspends activities for the Russian market
Ceased operations in Russia during Q1 2022