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 businessPausing Investments
Reducing Activities: company scaling back some business operations while continuing othersScaling Back
Pause operations: company temporarily curtailing operations while keeping return options openSuspension
Clean Break: the company completely halting Russian engagements or exiting RussiaWithdrawal
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the marketExit Completed
The company stops investments in the country, canceling its plans to support the growth of that market. All money flows between its HQ and its Russian subsidiary are interrupted. BlaBlaCar will maintain the current service, but isolate its Russian activity from the rest of the company, and stop all development plans.
Dutch international heavy lift and haulage contractor Mammoet has frozen all new work and investment in Russia and issued a statement regarding its activities in the region. It operates from two locations in the Russia - Mammoet Rus with an office in Moscow and Mammoet Sakhalin in the far south east of the country, near Japan.
Siemens' parent company announced its exit on May 12. Siemens Mobility has already announced the termination of contracts with Russian Railways for the maintenance of Sapsans, and a contract worth 1.1 billion euros for the supply of Sapsans. In addition, Russian Railways is suing them - the St. Petersburg Arbitration Court took away equipment for servicing trains in favor of Russian Railways. There is still a joint venture with Sinara for the production of trains.
On 6th of April, 2022, VR Group’s Board of Directors made the decision to discontinue the Eastern freight traffic in a controlled manner, With this decision, VR Transpoint, which is responsible for the freight traffic, will draw up a traffic rundown plan,
The powers of all Russian representatives in the Danube Commission or their deputies are terminated, Russian representatives are removed from all meetings of the Danube Commission and its working bodies, Russian citizens will be dismissed from diplomatic and administrative positions of the Danube Commission Secretariat
Halting cargo bookings with Russia. Maersk expects a quick conclusion of negotiations on the sale of business in the Russian Federation. Agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group.
Finnish railway operator Nurminen Logistics has launched a route to China bypassing Russia. The route starts in China and runs through Kazakhstan, Azerbaijan, Georgia and Romania to Central Europe. This was reported by the press service of Nurminen Logistics.
Sold Russian entity. Kuehne+Nagel sold its business in the Russian Federation, Azerbaijan, Belarus and Kazakhstan to its Managing Director effective July 20, 2022, but the change in ownership should be ivestigated additionally. 28.07.2022: Neumann Perry Herbert becomes the new founder of the organization. The record about the founder of KUNE+NAGEL INTERMODAL GMBH was deleted. The record about the founder of JSC "KUNE NAGEL SKYDNA EUROPA AKTIONSRE TOVARYSTVO" has been deleted. 08.08.2022: The full name has been changed from "KUNE+NAGEL" LLC to "NOITECH LOGISTICS RUS" LLC.