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
Business as usual - the Russian store is still fully operational
According to documents cited by the Financial Times, between August 2022 and January 2023, this company imported $44 million worth of Russian gold to the United Arab Emirates (UAE) in six batches.
The Chinese marketplace Poizon suddenly started working in Russia. The service and application for the Russian Federation are registered to the Hong Kong company Pro new world, which is not associated with the owner of the marketplace. This was done in order to "insure against sanctions."
Stopped exports and imports of auto parts to and from Russia
The Russian Federation and the People's Republic of China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group. The National Agency on Corruption Prevention (NACP) included the Chinese group of companies Alibaba Group Holding Limited, which owns the largest online commerce platform AliExpress, on the list of "international war sponsors". The reason for this decision in NAZK was called the continuation of the company's work in Russia, in particular, the provision of a platform for the sale of goods produced by the Debaltseve plant of metallurgical engineering in the DPR. The Chinese company Alibaba, which owns the AliExpress marketplace, has tightened conditions for Russian business: it has stopped accepting rubles and does not allow delivery to Russia.In 2022, Alibaba stopped investing in the Russian subsidiary of AliExpress. In 2023, the company's revenue in Russia decreased by 36%, to almost 10 billion rubles.
Suspend all shipments to Russia
According to reports in the press, the company temporarily stops delivery to Russia due to problems with payment and logistics.
Online store selling vitamins iHerb has suspended delivery to Russia.
Russian court orders blocking of fast fashion store Shein website for selling LGBTQ+ bracelets.
Canceling all balances owed to the company by sellers in Ukraine, including listing and advertising fees, amounting to roughly $4 million
The new Kazakhstan ITS exchange will not work with Russian brokers and securities.
The German holding HSE (Home Shopping Europe) sold 100% of the Shopping Live TV store to its founder Ilya Kirik. According to the Unified State Register of Legal Entities, since June 25, 2024, Direct Trade LLC, which manages this business, belongs to the company K2 Invest, where Ilya Kirik has 99.9%, Dmitry Kuznetsov has 0.1%.
Suspended ESL Shipping operations in Russia. Leipurin operations were reduced. Statement condemning Russia. Donated 50,000 euros to the Finnish Red Cross Disaster Relief Fund (Telko exports to Russia). 05.2023: Aganisyan Artur Anatolyevich is no longer the head of the organization. Gusev Andrey Alexandrovich becomes the new head of the organization. 10.05.2023: JSC "GROUP OF COMPANIES "KHIMIK" becomes the new founder of the organization. The record about the founder of JSC "TELKO" has been deleted. The record about the founder of JSC "TROILI OY" has been deleted.