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
Kinross divests Russian assets to Highland Gold at half the set amount.
Italy's Marcegaglia buys Russian steelmaker Severstal's Latvia unit. Aslo have a production plant at Vladimir, Russia ("Marcegaglia Ru LLC").
Still operating in Russia.
The company has not made any statements about leaving Russia as of yet and continues to earn money in the aggressor country.
The company has not yet announced its withdrawal from Russia and continues to sponsor the war against Ukraine.
Received revenues in Russia in 2021, there is no any official announcement
Evraz denies supplying steel to Russian military
The company has not issued any statements about halting sales or the closure of its business in Russia, and continues to earn money on the blood of the Ukrainian people.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021-2022, there is no any official announcement.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
Continue doing business as usual.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
Some Dubai merchants appear to have little specialized experience in precious metals. Actava Trading DMCC, which imported about $25 million of Russian gold in August, describes itself as a crop trader focused on the Black Sea region.
Al Bahrain Jewellers LLC, another souk-based dealer, took over $50 million of gold from Russia.
Aiding Russia’s war machine.
The Ministry of Finance of Kazakhstan announced the possibility of selling the country’s largest metallurgical plant ArcelorMittal Temirtau to Russian investors.
The Moscow representative office is currently located in the Krymsky Most business center.
US imposes sanctions against Belavia and four other Belarusian companies (including Byelorussian Steel Works).
Discussing investments with Chinese government to booster stakes in Russian energy and commodity companies
The Department of the Treasury imposing sanctions on two CAR-based entities, Midas Resources SARLU and Diamville SAU; one UAE-based entity, Industrial Resources General Trading for their connection to the transnational criminal organization known as the Wagner Group.
Business as usual, discusses sale of assets " for the benefit of ... shareholders". Eurasia Mining PLC (AIM:EUA) has said it continues to work towards selling its Russian assets although, at no present, there is no guarantee that the company will enter into any binding agreements regarding the sale of these assets.
The consortium consisting of Mitsui & Co and the Japanese national oil and metals company JOGMEC retained a ten percent stake in the Novatek Arctic LNG-2 project. With the only clarification that since March of last year, Japan has frozen new investments in this project due to financial sanctions.
The Department of the Treasury imposing sanctions on two CAR-based entities, Midas Resources SARLU and Diamville SAU; one UAE-based entity, Industrial Resources General Trading for their connection to the transnational criminal organization known as the Wagner Group.
Were searching to replace Russian supplies. Exports continue, with a significant portion being direct.
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 UAE has become the main new destination for Russian gold. Paloma Precious DMCC, a trader with offices in the Dubai Free Zone and the gold market, imported $109 million, the data showed.
Russian Gold Miner Petropavlovsk Files for Administration in London
Operating through a Russian subsidiary
The NACP lists one of the world's largest diamond producers and exporting companies, Shree Ramkrishna Exports (SRK), on its list of international war sponsors. The Indian company continues to cooperate with the aggressor, purchasing diamonds in Russia, despite the sanctions imposed against the Russian Federation in this sphere. In 2023, the company tripled the purchase of diamonds in the Russian Federation compared to 2021.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
Russian nickel and palladium mining and smelting company Nornickel has divested its exclusive distribution company for nickel, platinum group metals and cobalt in the Americas to TMP Metals Group in an all-cash transaction.
VPower Finance Security (Hong Kong) Ltd., which says it moves cash and gold for some of China’s biggest banks. It handled more than $300 million of Russian gold shipments through Hong Kong in March through August 2022, ImportGenius data show.
Novelis is still buying some aluminium from Rusal under contracts agreed before Russia invaded Ukraine, but since the war started last year it has shunned new deals with the Russian firm.
Cancel investments in a brand new factory in Russia; but maintain other activities
Resumed shipment of steel to Russia from its production in Kazakhstan.
Freeze investments and stop purchasing crude oil from Rosneft from May 15. Following a review of options in respect of its 10 percent non-operational, passive shareholding in Vostok Oil, Trafigura has now exited its investment; maintain shareholding in Russia. Suspend all business activities indefinitely & exit Russia, but sells Russian oil.
De Beers said it had removed Russia from its third-party sourcing list after the Ukraine war started in February 2022, and was adamant that it no longer sourced any Russian diamonds.
Shipments and sales to Russia discontinued
Abloy has had a sales company in Russia. After the outbreak of the war in Ukraine, we stopped deliveries and business in Russia at the beginning of March.
Halted iron ore supplies to Russia's MMK MAGN.MM from its giant Kazakh operation due to Western sanctions against the Russian company
Suspended Russian contracts, subsidiary ZANAM Vostok in Russia
The company made a statement about leaving the Russian market
Wind down Russian business in 2022
Foraco International exits Russia.
Suspended selling of all products to Russia and purchase of all raw material from Russia due to the invasion of Ukraine.
Monitor situation and review structures of Russian business partners. Aurubis AG, Europe's largest copper smelter and producer, no longer buys the red metal from Russia after it let supply contracts lapse.
Polymetal plans to sell russian assets to avert sanctions risk. The company confirmed it is considering moving its parent company’s domicile and primary listing, currently in Jersey and London respectively, to “Russia-friendly” Kazakhstan. "In light of recent developments, and in the interests of preserving shareholder value, the board and the special committee have decided to consider all possible options available for divestment of JSC Polymetal and its subsidiaries," Polymetal International said in a statement.
Terminate all commercial relationships with Russia
Replaced all Russian raw materials for operations; no presence in Russia
Arconic Corp (ARNC.N) sold its Russian operations to the majority owner of state-backed metals company VSMPO-AVISMA (VSMO.MM) for cash proceeds of $230 million, the U.S. aluminum products maker said on Tuesday. Arconic to book $304M loss on sale of Russian operations.
Announced that it has completed the sale of its beverage packaging business in Russia to Arnest Group for $530 million. The purchaser, Arnest Group, has acquired all of Ball Corporation's Russian-based business.
Stopped new business and investments. Closed plant and TERRA INFRASTRUCTURE was sold on 12/10/2022.
Received revenues in Russia in 2021. JM complies with all its sanctions obligations, and in addition will stop with immediate effect all new commercial activities in Russia and Belarus. Leave Russia and end all business there. 06.2023: "CATALYSTS AND TECHNOLOGIES" LLC becomes the new founder of the organization. The record about the founder of MATTI FINANCE LIMITED LIMITED LIABILITY COMPANY has been deleted. The record about the founder of JOHNSON MATTI INVESTMENTS LIMITED LIMITED LIABILITY COMPANY has been deleted.
Orica posts loss, quitting Russia. Russia exit will probably take six months, said CEO. Orica completes exit process from Russia.
Complete exit from Russia by selling Russian operations. Has completed sale of Russian assets.
AZARGA METALS CORP. announced about the sale of its wholly-owned subsidiary, Azarga Metals Limited, a BVI corporation pursuant to a share purchase agreement with a non-sanctioned third-party buyer.
Orsu Metals entered into a share purchase agreement (the "SPA") providing for the sale (the "Disposition") of Orsu's 90% interest (the "Majority Interest") in the Sergeevskoe gold project (the "Russian Assets") to the holders of the other 10% interest in the Russian Assets. The Company sought and received shareholder approval by way of a consent resolution to waive the closing of the Proposed Transaction as a condition precedent to closing the sale of its 90% interest in the Sergeevskoe gold project, located in Russia, to the holders of the remaining 10% interest in the project pursuant to a share purchase agreement as previously approved by the Orsu shareholders on August 26, 2022. The disposition of the Majority Interest has now closed, and the Company so that the Company has now completed its exit from Russia.