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
The French logistics operator FM Logistic sells for more than 3 billion rubles another warehouse complex Central Properties in Dmitrov near Moscow.
Withdrawal from the Russian market. GeoPost is negotiating the sale of its DPD business in Russia with a number of large local logistics operators.
Promised to terminate business and operations with and in Russia.
The Vanderlande office is closed as of 30.9.2022. Vanderlande has no more activities in Russia as of then. The decision was taken in March 2022. It took until now to close our operations in an orderly manner.
Suspended bookings to and from Russia. CMA CGM agreed to exchange its 25% stake in Russia’s Yanino Logistics Park and Moby Dik ocean terminal for an additional 25% stake in Finnish terminal operator Multi Link Terminal. CMA CGM Completes Russia Exit: French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said. But local company "CMA SIGEEM RUS" stil has foreign ownership.
The company ELA Container has signed an agreement on the sale of its Russian subsidiary in Obninsk. After an intensive search and taking into account its social responsibility towards its employees, the company was able to find a buyer who will ensure the takeover of all Russian employees.
Promised to suspend all shipments to Russia. Stop domestic services within Russia, effective September 1st, 2022. Deliveries from Russia remain. On November 1, logistics operator DHL increased delivery rates, additional services and fees, as well as customs declaration services in Russia by an average of 35%. Significantly reduced revenue in 2023 vs 2022. 15.11.2024: One of the legal entity, DHL GLOBAL FORWARDING CUSTOMS LLC, was liquidated.
Stopped postal exchange with Russia
Divested from shipping companies that continue to handle Russian cargoes
Received revenues in Russia in 2021-2022, there is no any official announcement. Ceased to receive income in Russia in 2023.
Stopped container movement in and out of Russia
Howden (USA) - a global provider of mission critical air and gas handling products. At the end of 2022, Howden was bought by Chart Industries. The Chart Industries website doesn't mention any Russian locations but the Howden website shows their Moscow location. Revenue significantly decreased in 2022 vs 2021, local entity is loss-making. Ceased to receive income in Russia in 2023.
Did not respond to The Load Star's request for status of Russian operations (sales in Russia represent about 1% of revenue). "During the 4th quarter of 2022, ID Logistics finalized the transfer of its 8 active files in Russia to its customers or their partners. At the end of these transfers, ID Logistics has no more activity in Russia since the beginning of January 2023."
Stop purchasing services/goods from Russian & Belorussian companies
Logicor, which manages warehouse complexes in Europe, sold the Valecorp complex in St. Petersburg with an area of more than 40,000 square meters. sq. m of the Central Properties company. The complex was the only Logicor object in Russia.
Offiicially VR Transpoint promised to suspend the traffic of freight wagons from Russia as of 12 noon on Sunday 27 March 2022 but then on March 30, according to the clarification received from the UK authorities, the sanctions "were in question did not apply to VR Group's contracts. VR Transpoint's eastern freight service will restart on Wednesday, March 30". On 6 April, the Board of Directors of VR Group made a decision to stop freight traffic between Russia and Finland and, on this basis, the company has prepared a plan to shut down traffic, in consultation with customers and taking into account the security of supply. The termination of contracts under the plan has been initiated and the traffic will cease completely by the end of the 2022 at the latest.