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 CompletedDiscontinued a number of its cigarette products and reduced manufacturing activity. Suspended marketing activities in the country. The company was working on options to exit the Russian market in an orderly manner. Philip Morris planned to leave Russia by the end of 2022 but later admits it may never sell its Russian business. NACP included Philip Morris International in the list of international sponsors of the war.
The company announced the suspension of the sale of Pepsi-Cola, 7Up and Mirinda (replacing them with Evervess and Frustyle). The company continued to produce other products in Russia. It also suspends capital investments and all advertising and promotional activities in Russia. In September 2022 PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. For 11 months, from the beginnig of the war, the company has not taken any visible steps to exit and continues to sell chips and dairy products in Russia. Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$223mn or +5%). Profit volumes also significantly increased in 2022 vs 2021. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war. SAS is taking swift action and have already announced a boycott of Pepsi products due to their continued business in russia and financially fueling Russia's war. In 2024, the American company PepsiCo started the operation of the first phase of the factory of snacks and salty snacks in Russia, near Novosibirsk. Despite the war, the company has been operating in Russia for over 60 years, and opened a new plant with a production capacity of 60,000 tons per year.
The company promised to scale back the business and will refocus in feeding the Russian people and pets. "Any profits from the Russian business will be used for humanitarian causes. The company will not import or export the products. Factories and sales still operating in Russia". Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$432mn or +20%). Mars last year announced the suspension of operations in Russia. However, some factories of the company continue to produce chocolate and other products. The Prosecutor's Office of the Moscow Region is investigating the Mars company due to possible financing of the Ukrainian Armed Forces. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war.
The company discontinued all new capital investments in Russia and is suspending all media, advertising, and promotional activity. Product portfolio has been reduced to focus on basic health, hygiene and personal care items. Procter & Gamble Corporation was included in list of international war sponsors by the National Agency for Prevention of Corruption (NAPC) due to continuing presence in Russia. Received revenues in Russia in 2021-2023.
Initially, the company promised to scale back all non-essential activities in Russia, discontinue all new capital investments and suspends advertising media spending. But later they announced: "We continue to evaluate the situation in Ukraine and Russia and our ability to control our operating activities and businesses on an ongoing basis, and we continue to consolidate both our Ukrainian and Russian subsidiaries. During the first quarter of 2022, Ukraine generated 0.3% and Russia generated 2.4% of consolidated net revenue and during the first quarter of 2023, Ukraine generated 0.4% and Russia generated 2.8% of consolidated net revenue". Significantly increased revenue in Russia from $1.016bn in 2021 to $1.463bn in 2022. Was included in the list of international war sponsors by NACP.
Initially promised to suspend investment and technology deployment to its Russia operations. But the company increased its market share in Russia and is expanding. The National Agency for the Prevention of Corruption (NACP) has included the leading global oil company SLB (formerly Schlumberger), headquartered in the USA, on the list of international sponsors of the war. On July 14, 2023 SLB announced that it is halting shipments of products and technology into Russia from all SLB facilities worldwide in response to the continued expansion of international sanctions. SLB-based oilfield services provider SLB has said it has no current plans to end its operations in Russia despite the ongoing conflict with Ukraine and resulting Western pressure. The world's largest oilfield services company SLB is expanding in Russia after its main Western competitors exited the market in the wake of a full-scale invasion of Ukraine.
5,3% of revenue from Russia or approx, $500MM. Westinghouse will supply nuclear fuel for Russian-designed reactors in Slovakia.
Promised to suspend new investments and technology-deployments in Russia. Halted all shipments (no joint ventures or partners in Russia). The Russian branch of the international oil service company Weatherford intends to continue to fulfill existing contracts and conclude new agreements with customers. This follows from the reports of Weatherford's Russian structures, including "Weatherford" LLC, which accounts for the bulk of the company's revenues in the Russian Federation.
Continuing to operate majority owned Voltyre-Prom tire factory near Volgograd (factory makes agriculture and industrial tires). Quincy, Illinois-based Titan International, maker of tires for farm tractors, has kept its majority stake in its factory in the southwestern city of Volgograd.
No official statement
Stops hiring and sales in Russia. On March 20, 2024, two years after Mykhailo Fedorov's post, Netcracker's public financial report appeared, indicating that the company continues to operate in Russia. In the "Explanation to the annual accounting reports of NetCracker LLC for 2023" the year's turnover of 8 billion rubles is indicated, branches in Saratov, Tolyatti, Nizhny Novgorod, St. Petersburg, Samara, Voronezh, as well as two in Moscow are listed. The text part of the document ends with an unequivocal intention to continue working in the current year.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement.
There are no orders to change the status in Russia
Still operating in Russia.
Although many Western players have left the Russian market, AC NIELSEN LLC and NIELSEN DATA FACTORY LLC, local subsidiaries of The Nielsen Company group, continue to operate actively in Russia and are experiencing increased profits.
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 American manufacturer and seller of clothes Guess bought 30% from the local partner Vyacheslav Shikulov, received the permission of the US Ministry of Finance for the early execution of the put option from 2015. The deal could be related to the seller's concerns regarding the continuation of Guess' work in Russia. Increased sales and profit volumes in 2022 vs 2021.
No official statement
Received revenues in Russia in 2021, there is no any official announcement
Continues sales in Russia
Received revenues in Russia in 2021, there is no any official announcement
Still operating in Russia; declined to commend
Still operating and actively hiring in Russia
Received revenues in Russia in 2021, there is no any official announcement
Still operating and actively hiring
Continues operations, has 3 offices in Russia.
Still operating in Russia; deny comments
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021-2023, there is no any official announcement.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Ukraine’s National Agency on Corruption Prevention (NACP) has added US refractory products manufacturer Allied Mineral Products, LLC to the list of international sponsors of war. The NACP said that Allied Mineral Products continues to operate in the Russian Federation, where it maintains production facilities and continues to pay hundreds of thousands of dollars in taxes to Russia.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Continuing business in Russia and exports.
No official statement
Received revenues in Russia in 2021, there is no any official announcement
Still operating in Russia.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Continuing its operations in Russia as usual while supplying critical technological licenses to Oil & Gas industries. These are long-term projects due to the length of execution from 5 to 10 years.
Received revenues in Russia in 2021, there is no any official announcement
Company's components have been found inside the Shahed-136.
Adobe halts all new sales of Adobe products and services in Russia and Belarus. A number of Russian software suppliers continue to sell licenses for the extension of corporate Adobe subscriptions. Softline explained to Kommersant that this is happening by agreement with the vendor. Later, the American developer of software for working with graphics and video Adobe automatically extended licenses for users in the Russian Federation for free due to the difficulties of paying with Russian bank cards.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is Altera).
Products of Russian production and propaganda are placed on the resource.
Asana, an American software company for team work, mainly in the IT field, continues to serve teams from Russia.
The French division of the American group Astronics deals with avionics - flight, navigation and communication electronic systems that are installed on board an aircraft. PGA still serves VIP aircraft - Il-96 or Superjet-100 of Dmitry Medvedev, Sergei Shoigu, Dmitry Peskov, even Putin himself, as well as two FSB aircraft.
Provides services for humanitarian aid. There are statements about the termination of business in Russia.
Reopened offices in Kyiv following a short closure. Cut ties with major Russian clients but announces independent firm in Russia. Baker McKenzie Partner presents at Putin-hosted conference as firm continues Russia operations spin-off.
Company continues to do business as usual in Russia and hiring employees.
No public statement found. (Dealerships located in Russia. World’s largest producer of engines for outdoor power equipment.)
The US Senate's recent approval of a bill banning imports of Russian low-enriched uranium (LEU) threatens to derail the gradual transition of U.S. commercial uranium enrichment company Centrus Energy back to commercial uranium enrichment.
Century 21 (USA) is a real estate agency franchise company with offices throughout Russia. Century 21 is a subsidiary of Anywhere Realty, Century 21 is probably the most popular Western real estate agency in Russia.
Ongoing operations
Continued relations with Russia.
Cloudflare has minimal sales and commercial activity in Russia – there is no a corporate entity, an office, or employees there – and the company taken steps to ensure that it does not paying taxes or fees to the Russian government. The company beleives that exit Russia would do more harm than good. Cloudflare: They have minimal sales and no legal entity, yet believe that exiting Russia would do more harm than good.
Have a representative office of "CCC Corporation" in Russia (Moscow).
Received revenues in Russia in 2021, there is no any official announcement
According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA).
The company cooperates with the Russian Federation, supplies cable and other important products.
The company has full-time employees in russia with different roles from engineering to HR. Moreover the company still offers it's platform for contractors in russia. When contractor is hired in russia via Deel platform the client pays Deel 35 USD per active contract. They pay even more if they use Deel Shield and Premium contracts.
Extreme Networks shuttered its Russian operations in March 2022. Since Russia annexed Crimea in 2014, American companies have been prohibited from dealing with MMZ Avangard, a state-owned firm that makes missiles for one of Russia's most sophisticated weapons, the S-400 air-defense system. Top manager at U.S. firm Extreme Networks privately sold high-tech in Russia.
Russian Forbes bought a new domain in case of license revocation. Wrote articles about successful illegal "referendums", distorting the principles of territorial integrity of independent countries. The agreement to sell Forbes to 28-year-old Luminar Technologies CEO Austin Russell has been postponed for approximately 2 weeks as the businessman was unable to raise the required amount of $800 million by November 1, 2023.
Continuing operations in Russia. Diverting profits from Russian sales to support Ukrainian people. Donated 10,000 coats.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
No public action statement found. Refer to parent company action. (Business in Russia.)
The complex regulations gave US firms an advantage enabling companies like General Electric Healthcare to actually increase export volumes to Russia, replacing European competitors.
Gillette has not cut ties with Russia (does not look like P & G reducion of production will impact Gillette)
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
Haas Automation accused of violating sanctions, doing business with Russian arms industry.
Helmut Jan architectural company continues construction in Moscow and Russia. Designs for brand new skyscraper in Moscow.
Company's components have been found inside the Shahed-136.
Promised to suspend all operations (9 hotels operated in Russia) but still operating in Russia.