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
Wintershall Dea will exit Russia: Wintershall Dea to deconsolidate Russian segment from financial reporting and to record one-off non-cash charge of €5.3 billion in the fourth quarter relating to the deconsolidation as well as other Russia-related impairments. Significant financial flexibility maintained. Wintershall Dea Joint Ventures in Russia economically expropriated. Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable legal obligations. German Wintershall Dea completely wrote off its share in the Nord Stream operator due to the impossibility of estimating the terms and costs of restoring the damaged gas pipeline against the background of geopolitics, the company's report says. Wintershall Dea will cut some 500 jobs, or roughly a quarter of its staff, in a separation of its Russian activities. Vladimir Putin signed decrees according to which the shares of two foreign companies, namely the German Wintershall DEA and the Austrian OMV in joint ventures (JV) with Gazprom, will be forcibly sold to Russian owners. The British oil company Harbor Energy announced that it is purchasing from the German chemical concern BASF and LetterOne Mikhail Fridman all their shares in the oil and gas company Wintershall Dea. The deal will cost Harbor Energy $11.2 billion. As part of the deal, Harbor will acquire all of Wintershall's production assets, with the exception of Russian ones.
Promised to stop business with Russia & stop deliveries to and from Russia. The company is misleading by the fact that they have stopped business in the Russian Federation. In fact, their plant in Lipetsk continued to work, they hired people and there were no changes till April 2023 in their legal entity "Viessmann Lipetsk" LLC / OGRN 1144827008534, Tax ID 4802025455. 04.2023: Sharova Polina Yakovlevna becomes the new founder of the organization. The record about the founder "FISSMAN BEZITTS UND VERWALTUNG GMBH" has been removed. Deleted record about the founder "FISSMANN HOLDING INTERNATIONAL GMBH". The record about the founder FISSMANN HOLDING INTERNATIONAL GMBH has been removed. Deleted record about the founder FISSMAN BESITZ UND VERWALTUNG GMBH.