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
Promised to suspend investments, marketing and launch of new products. The company not excluded the possibility of a suspension of its manufacturing operations in Russia. But is still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$1.5bn or +26%). NACP included Japan Tobacco International in the list of international sponsors of the war. The Director of Corporate Affairs and Communications at Japan Tobacco International (JTI), Sergei Glushkov, informed journalists that the company has decided to maintain its business operations in Russia. According to him, JTI does not want to 'deprive consumers of the products they are accustomed to,' despite 'events of two years ago.
The company is suspending KitKat and Nesquik, among other brands. It halted non-essential imports and exports into and out of Russia, stopped advertising, and suspended all capital investment in the country. Nestle doesn't expect to make a profit in the country or pay any related taxes for the foreseeable future in Russia, any profit will be donated to humanitarian relief organizations. On January 26, 2024 the Swiss company Nestle (brands Pro Plan, Purina One, Gourmet, Darling, Felix) warned suppliers about another increase in prices for cat and dog food starting in February.
As of 8th of March stopped placing orders for concentrate in Russia and ceased investments in the market, not clear whether they leave or not. Stopped all production and sales of brands of The Coca-Cola Company in Russia, renamed company to Multon Partners, will focus on the production and sale of existing local brands; intend to have a much smaller operation in Russia. The Swiss-Greek Coca-Cola HBC, despite the promise to support the implementation of the decision of the American Coca-Cola Company and statements in support of Ukraine, is leaving Russia and not gathering. But she lost the opportunity to bottle and sell drinks under the Coca-Cola brand - at least legally. In August 2022, Coca-Cola HBC announced that it had sold the last old stocks of original Coca-Cola and would now develop its Russian business "on a much smaller scale" under the new name - "Multon Partners" (that was the name of the Russian juice company, which Coca- Cola HBC bought in 2005). "Multon Partners" will focus on the production and sale of local brands "Dobry", Rich and "My Family", it was said in the release - and it was emphasized that the raw materials will be exclusively local, that is, The Coca-Cola Company will not supply concentrates for beverages. Coca-Cola is preparing to return to Russia: The company is already discussing a strategy for working with domestic competitors and combating parallel imports.
Suspend capital investment. Barry Callebaut, which also has three factories in Russia. The company claims to provide essential goods, "chocolate is part of the daily diet of many". It has a certain sound of "Qu'ils mangent de la brioche" (even if the saying predates Marie Antoinette). If we compare total exports for the year starting March 1, 2022, with the year before, the value has more than doubled ($70.9 million vs. $29 million), or 145% to be exact. The Swiss chocolate manufacturer Barry Callebaut is included in the list of sponsors of the war in Ukraine. As NAZK emphasizes, Barry Callebaut remained working in Russia, using manipulative statements about the supply of primary necessities to the Russian Federation and asserting that "chocolate is part of the daily diet of many".
Amcor to scale down activities in Russia amid Ukraine invasion and to sell factories in Russia. Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. Swiss-based packaging manufacturer Amcor returns to Russia after 2022 exit, says local media.
Have decided to suspend any investment in Russia as well as commercial marketing activities. The company did not stop working in Russia. The Russian website is working. In October 2023, the general director was changed. Staff are being recruited.
Significantly increased revenue, profit and taxes paid in Russia in 2022 vs 2021. Revenue increased in 2024 vs 2023 by more than +30%.
MSC retains a considerable presence in the Russian trades with feeder operations in all three Russian gateways while the other key European carriers have withdrawn completely from the market. Revenue increased in 2024 vs 2023 by more than +50%.
Promised to significantly scale back business in Russia; stop production (hard to imagind that all the plants were affected); stop investments. Have at least 2 legal entities in Russia: LLC "KREPS" and LLC "Sika" (continue to operate, specialized in the production of dry concrete mixtures and wholesale trade) and 12 plants. Also participated in the DairyTech 2023 exhibition at the Crocus Expo Center on January 25-27.
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, there is no any official announcement
Received revenues in Russia in 2021-2022, there is no any official announcement.
Received revenues in Russia in 2021, there is no any official announcement
No official statement
Swiss Krono Group AG didn't make the decision to go from Russia
Still operating in Russia.
Still advertising and selling to Russia
Received revenues in Russia in 2021, there is no any official announcement
Company provides certifications for Russian commodities exports.
Stop buying Russian oil by the end of 2022. Vitol sells stake in Russian Arctic development. Vitol announces that it has divested its interest in Vostok Oil LLC. Vitol said: “Product exported from Turkish refineries is not Russian origin, according to all international regulations.” It said its volumes of Russian crude oil and products traded had fallen by more than 90% since the first quarter of 2022 and “volumes are now negligible”. “We continue with our policy of minimising purchases of Russian origin products, in full compliance with all applicable legislation and regulation in relation to sanctions,” Vitol said, adding that it continued to have a presence in Ukraine and intended to invest in the country long term. Revenue increased in 2024 vs 2023 by more than +30%.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Suspend investments in Russia but continue substantive operations. Revenue increased in 2024 vs 2023 by more than +30%.
The third largest oil producer in Russia, Gazpromneft, is partnering with Swiss-based bitcoin mining firm BitRiver to build out mining operations located at oil fields according to a memorandum from the St. Petersburg International Economic Forum. Bitcoin mining company Bitriver is cooperating with Gazpromneft and is building a network of data centers and mining farms for the oil company. The desire to work with Russia is also proven by the fact that in April 2022 the US Treasury Department added Bitriver to the list of companies that support the war. The company also has a license to provide services from June 2022 to 2027. BitRiver faces bankruptcy.
The company's Exhibit 21 filed with the SEC in 2025 indicates that the company maintains 3 Russian subsidiaries (JSC Russian Reinsurance Company, LLC Chubb Life Insurance Company, LLC Chubb Insurance Company).
Datamars supplies ear tags for cattle, microchips, weighing systems, electric fences, and veterinary injectors in Russia. These products are essential for livestock management, but the market is likely served by multiple competitors, both local and international.
The Russian firm and defense contractor JSC NTC Modul buys electronic equipment in Switzerland from E-tec Interconnect AG.
Fossil Trading has a direct connection with "Rosneft," particularly through its ownership of Energopole SA, which was established in 2020 after Rosneft Trading came under sanctions due to trading Venezuelan oil.
Ekonomichna Pravda (EP) obtained a report on the Russian production of Lancets from the Ukrainian President's Office, jointly compiled by Ukrainian special services and research institutes. It also mentions equipment from the Swiss company Essemtec.
The company did not make statements regarding cooperation with Russia. The company website has a representative office in Russia (http://galika.ru). The former machine tool dealer Galika AG from Volketswil ZH supplied machine tools to the Russian arms industry. The Federal Prosecutor's Office is now ordering the Russian-born export manager of Galika AG, who is authorized to sign, to pay a fine.
Russian and Belarusian officials and boxers will not participate in IBA international sanctioned competitions. Canceled international events in Russia and Belarus in 2022. (Gazprom advertised as a general partner on IBA site.). But later International Boxing Association lifts ban on Russia, Belarus. USA Boxing, the national governing body for the sport in the country, terminated its membership of the Russian-led International Boxing Association (IBA). The International Olympic Committee (IOC) at its 142nd session in Paris decided to exclude the International Boxing Association (IBA) from the list of recognized federations.
Russia uses the International Committee of the Red Cross (ICRC) as a tool to legitimize its occupation of Ukraine and promote propaganda regarding alleged human rights violations in our country. Through interaction with the International Committee of the Red Cross, Russian officials are trying to legitimize the occupation of Ukraine and promote narratives about alleged human rights violations in our country. The ICRC functions as a Kremlin propaganda tool in occupied Ukraine.
Removing international events from Russia and Belarus. Athletes and official will be prohibited from all competitions. Pledged over $1M for Ukranian equestrian community. The International Equestrian Federation (FEI) at the end of 2025 has decided to ease restrictions for athletes from Russia and Belarus.
Competitions in Russia have been canceled or relocated. Banned Russian and Belarusian athletes from sanctioned competition. But later it was announced that Russian and Belarusian athletes will be allowed to return to competing in International Fencing Federation (FIE) events. Russian oligarch Usmanov became a candidate for the post of the head of the International Fencing Federation.
Banned Russian and Belarusian athletes, officials, and judges in FIG or FIG-sanctioned competitions. Regarding the participation of athletes with Russian and Belarusian sporting nationality in FIG sanctioned events, the FIG EC decided as follows: To authorise, under strict conditions, the participation of athletes and support personnel of Russian and Belarusian sporting nationality in FIG sanctioned events listed on the FIG Calendar as "individual neutral athletes" without any involvement or association with the Russian Federation or the Republic of Belarus, their respective National Federations or National Olympic Committees. To impose a strict requirement of neutrality with regard to the Russian Federation and the Republic of Belarus for any participation in a FIG sanctioned event. Russian athletes who have received neutral status will not participate in the upcoming tournaments under the auspices of the International Gymnastics Federation (FIG), the press service of the Russian Gymnastics Federation (RGF) reported. It cited the FIG special committee's "unreasonable and biased refusals" to allow Russians to compete as the reason.
Suspended participation of Russian and Belarusian athletes and officials to sanctioned events. In March, the FIS had banned athletes from Russia and Belarus until the end of the 2021-22 season but that suspension has now been extended into next campaign. The International Ski Federation (FIS) has announced the extension of its ban on Russian and Belarusian athletes from its events until further notice. The International Ski Federation has upheld its policy of excluding skiers from Russia and Belarus ahead of the new season. The International Skiing Federation continued the suspension of Russian and Belarusian athletes for another year. The President of the International Ski Federation (FIS), Johann Elias, supported the option of returning Russian and Belarusian athletes to the competition in neutral status. The Court of Arbitration for Sport (CAS) has ordered the International Ski Federation (FIS) to allow Russian athletes to participate in Olympic qualifying competitions, arguing that their exclusion contradicts the giant organization's core principles of "political neutrality" and a ban on any discrimination.
The company continues to work in Russia and has its own Russian website for orders.
Owns ISAB that buys Russian oil. Russia's Lukoil has purchased 25 old tankers for its "shadow fleet" through a 74-year-old British accountant. All purchases were financed by Dubai-based Eiger Shipping DMCC, which is owned by Litasco Middle East DMCC, the Middle East subsidiary of Litasco, Lukoil's oil trading division. Eiger provided the money in advance, chartering the vessels in advance, which were being prepared for purchase.
Russian subsiduary OCTAFARMA-PHARMIMEX LLC is active, they are building a pharmaceutical enterprise "Octapharma-Pharmimex" in the Skopinsky district of the Ryazan region.
The Dalkos website states that the company supplies equipment from various companies, including Schaublin, DMG MORI and Kovosvit MAS.
Parts for D500-type engines are sold to Kolomensky Zavod by Switzerland’s Sipavag AG, Lithuania’s D.Kudarauskienes Warehouse, and Austria’s Geislinger GmbH.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is STMicroelectronics). 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 Shahed-238 inertial navigation unit is also built on Western electronics using STM32F405 microcontroller chips manufactured by STMicroelectronics (Switzerland) and the iSensor ADIS16480 inertial measurement module from Analog Devices (USA).
The American company Eli Lilly will transfer its Russian business to the Swiss company Swixx Biopharma. Previously, Swixx Biopharma received the business of another American pharmaceutical company, Bristol-Myers Squibb (BMS). The American Eli Lilly banned the Swiss Swixx BioPharma, which a year ago bought Eli Lilly’s business in Russia, from supplying Humalog insulin to the country.
The company continues to work in Russia and has its own Russian website for orders.
The Zug-based commodity trader Vivalon AG bought 11,500 tons of wheat from a Russian company last October. The latter is said to have carried out the export on behalf of the above-mentioned Russian company GZO, which is registered in the Russian commercial register in occupied Ukrainian Melitopol. The San Cosmas, a US-sanctioned ship with a deactivated position signal, allegedly picked up the cargo in Sevastopol in occupied Crimea and transported it to Turkey. There, according to NZZ, it was received by the Turkish subsidiary of Vivalon.
Alcon suspended all capital investments in Russia and have halted enrollment in clinical research there.
Suspended business development and investment activities.
Received revenues in Russia in 2021. The Hero Group has ceased virtually all investments and operations in Russia (sales of all products except baby milk). All proceeds from baby milk is being donated to organizations supporting Ukrainian refugees.
Stop new business in Russia while meaningfully cutting exposure by 56%. Credit Suisse is shocked, with 17.6 billion Swiss francs blocked in CS alone. UBS sets ‘red lines’ for Credit Suisse staff as it completes takeover. UBS executives have drawn up a list of nearly two dozen “red lines” that prohibit Credit Suisse staff from a range of activities from the first day the two banks are combined, according to people with knowledge of the measures. Prohibited activities include taking on clients from countries such as Libya, Russia, Sudan and Venezuela and launching new products without approval from UBS managers.
Pause all new capital investments, media advertising and other promotions; pause new clinical trials and enrollment of new patients. Received revenues in Russia in 2021-2023. Revenue decreased in 2024 vs 2023 by more than -10%.
Pause new site activation and patient enrollment; continue operating. Revenue decreased in 2024 vs 2023 by more than -10%.
Still operating in Russia. One of the main players in the plant protection products market. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.
Refuses from new business transactions with Russia, the Company said it would only fulfill current contracts that are not subject to sanctions. Gunvor handles no Russian crude and only very small quantities of products. The heads of some of the world's leading energy traders have said they are ready to return to Russia for business if sanctions are fully lifted, although some have expressed concerns about the prospect in the near future. "If the sanctions are eased in a way that we can return to them, why not? That's our job," Gunvor Group CEO Torbjorn Turnqvist said in an interview.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -10%.
Suspend new business in Russia and reduce current exposure by helping clients unwind Russia securities; reducing Russian client services; passed back the license of the depositary activity. The Swiss bank UBS has begun mass inspections of clients of Russian origin. As follows from the UBS letter, the bank intends to clear its client base of Russians under sanctions. The inspection is being conducted "in connection with the measures taken by the Federal Council in relation to Russia," the document says.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
4 locations/legal entities in Russia. Significantly reduced business in Russia after the war was started. Bertschi is specialized in moving all kinds of chemicals safely and is very important for russians. Revenue decreased in 2024 vs 2023 by more than -20%.
The company is registered in Switzerland and has a local company in Russia. The company develops NFC cards based on chips from Samsung and these chips/microcontrollers in the product are imported to the Russian Federation. Revenue decreased in 2024 vs 2023 by more than -20%.
Not specified business activities in Russia were reduced "substantially"
Suspension of supplies to Russia, closing the office in Moscow. Russian and Belarusian athletes and officials will not participate in the organisation’s events and activities until at least the end of 2022. The International University Sports Federation approved a common framework for its competitions, providing for the full readmission of Belarusian university athletes and setting neutrality as the maximum limit for Russian participants.
Continuing business in Russia and exports but significantly reduced volumes. Agie Charmilles EDM tools, in particular, can be used to produce dies for stamping ammunition shells and highly precise components with complex shapes for missiles and aircraft.
Wind down Russian office, suspend new business in Russia, reduce current exposure; retain current Russian clients. The Swiss bank Julius Baer, on the instructions received from the Belgian depository Euroclear, will carry out the segregation of securities of Russian citizens who do not have passports, residence permits of the European Union, the European Economic Area and Switzerland. One of the largest banks in Switzerland, Julius Baer, is going to stop serving clients from the Russian Federation in the near future. The financial organization intends to close the accounts of Russians using its services by December 31, 2023.
Shipping Giant MSC Delivers Russian Food While Navigating Sanctions Maze
Proton and other VPN providers demand Apple return VPNS to Russian App Store.
One of the founders of the Russian coworking market, the Belgian Regus is closing its first site in the Russian Federation near the Foreign Ministry building, which it has been developing for over 20 years. British company IWG, the world's largest operator of coworking offices, operating under the Regus brand, may leave the Russian market. In recent years, office centers in Yekaterinburg, Chelyabinsk, as well as two of the three business centers in St. Petersburg, have been closed, and the iconic Smolensky Passage business center in Moscow was sold. However, Regus still remains a major player in the capital, where it has eleven class A office centers in premium locations.
Does not extend current contracts and does not sign any new contracts
According to the Ukrainian assessment, among the the components found in the downed drone there were components produced by U-Blox. u-blox prohibits the use of GNSS modules in military drones.
Banned all Russian competitions. The International Cyclists' Union (UCI) has banned Russian cyclists of the CSKA team from participating in competitions following their participation in the 'Tour Faso' race. These decisions were made because the cyclists represented CSKA, which contradicts UCI rules. The CSKA team includes several athletes as well as team members who have been included in the 'blacklist'. They are now banned from participating in further UCI competitions. Viktoriya Efimova, Konstantin Karpinsky and Zakhar Mokeev, aged 19, 15 and 17 respectively, have been cleared by the International Cycling Union. All three will be able to compete in international events under certain rules. They will all return to the international calendar under the rules of this neutral status, which prohibit athletes from displaying flags, anthems, emblems or national colours. They are also required not to have contractual ties with or express support for the Russian or Belarusian military or regime.
World Aquatics to allow Russian and Belarusian athletes to compete as ‘Individual Neutral Athletes;’ Paris still uncertain. World Aquatics has established strict selection criteria for the participation of Russians. Due to these criteria, none of the Russians under the neutral flag will be able to take part in the February World Championship. Russian and Belarusian athletes will be able to don their national colors again in World Aquatics events.
Statement condemning Russian invasion of Ukraine. Banned Russian and Belarusian athletes and officials in all sanctioned events. Russian Sports Minister and President of the Russian Olympic Committee Mikhail Degtyarev announced that the international federation has decided to allow his country's junior and youth athletes to return to competitions under national symbols.
The Zurich International Film Festival has canceled all screenings of the film Russians at War. Spectators began receiving letters informing them of ticket cancellations, and all shows were canceled on the festival's website but later it was possible to buy tickets.
Temporarily suspended the operations of its 51 stores in Russia. Russia accounted for ~1% of group sales. Very little supply sourcing from Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Suspend Russian business
Received revenues in Russia in 2021 and it is sugnificantly decreased in 2022. As stated by the company, HOERBIGER discontinued operations at its Russian subsidiary after the beginning of the war in February 2022. Business relations with Russian companies were discontinued in the first half of 2022. HOERBIGER has complied with the applicable sanctions and export control regulations at all times and will continue to do so in the future.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
Reduced activities in Russia. Suspended sales of luxury plumbing fixtures, orders from new customers, and marketing. Revenue decreased in 2024 vs 2023 by more than -20%.
Stop production in Russia but maintain personnel
Not to accept any new orders from or for Russia with immediate effect, This applies to both the Systems and the Services Division, Burckhardt Compression has no subsidiaries or own employees in Russia and Ukraine,
Suspended Russia's observer status; halted new collaborations. Following a decision taken by the CERN Council, the Organization’s cooperation with the Russian Federation and the Republic of Belarus will conclude at the expiry in 2024 of the International Cooperation Agreements (ICAs) with the two countries. This decision was taken following the Council’s June 2022 decisions. CERN announced in December 2023 that it would cease cooperation with Russia from November 2024. Scientists overseeing the Russian part of the project are proposing solutions that would allow Russian physicists to continue working at the collider. One option is to organize the work of the Russians “under a neutral flag,” but most administrators are ready to completely stop cooperation. On November 30, 2024 CERN will cease cooperation with about 500 employees with ties to Russia. CERN announced in December 2023 that it would cease cooperation with Russia from November 2024. Scientists overseeing the Russian part of the project are proposing solutions that would allow Russian physicists to continue working at the collider. One option is to organize the work of the Russians “under a neutral flag,” but most administrators are ready to completely stop cooperation. The European Organization for Nuclear Research (CERN) will end cooperation with up to 500 scientists affiliated with Russian institutions, it said on Sept. 30, because of Russia’s invasion of Ukraine.
Suspend Russian & Belarussian teams from participation in tournaments. In January 2023 the Russian Chess Federation applied for membership of the Asian Chess Federation and announced its intention to withdraw from ECU. In 2023, 104 Russian chess players changed their sports citizenship, while only four new athletes began playing for Russia. This follows from the transfer statistics of the International Chess Federation (FIDE). The International Chess Federation (FIDE) has deprived the Russian Chess Federation (FSHR) of its membership for two years. The decision was made by the Ethics Committee. It is connected with the fact that the FSR included in its composition chess clubs from the occupied Ukrainian territories: Crimea, Donetsk, Luhansk, Zaporizhia and Kherson regions, and held competitions there, and also did not observe "political neutrality". FIDE’s Ethics Commission Appeal Chamber has reduced the Russian Chess Federation’s punishment from a two-year suspension to a €45,000 fine for organizing events in occupied Ukrainian territories. Russian and Belarusian teams will once again be allowed to compete in youth and disabled team events, the International Chess Federation (FIDE) announced today. The world's governing body for chess said in a statement that it will allow Russian and Belarusian children under the age of 18 to participate as neutral athletes in youth team events and competitions for players with disabilities. Previously, only individuals, not teams, could compete as neutrals. The organisation resolved to suspend the Russian Chess Federation's membership until June 2029 for failure to comply with the requirements of the Court of Arbitration for Sport (CAS).
Ban Russian athletes from competing. FIFA accused of ‘ignoring’ Ukraine and urged to scrap Russian TV deals. The Council of the International Football Federation (FIFA) admitted the Russian under-17 football team to international competitions in a neutral status, however, the ban on the rest of the Russian football teams will remain until the end of the war. Uefa backs out of decision to readmit Russia U17s. FIFA decided to exclude Russia's national football team from the draw for the 2026 World Cup qualifiers, set to take place on Dec. 13, 2024 in Zurich, Switzerland, over security concerns. FIFA bans Pakistan, Russia, Congo from 2026 World Cup. Infantino stated that Russia's ban had not produced the desired result, so the return of Russian teams must be considered. However, according to published information, FIFA will not consider this issue to avoid criticism from European countries.
Suspend work on Russian projects
Banning Russian teams and officials. Following the IOC recommendations on the participation of athletes with a Russian or Belarusian passport in international competitions published on 28 March, the FIBA Executive Committee has decided to not allow the registration of the Russian men’s national team in the FIBA Olympic Pre-Qualifying Tournaments 2023. At the meeting of the FIBA Central Board held in Switzerland on April 26, it was decided to extend the current status of the national basketball federations of Russia and Belarus. This means that they will remain suspended from participating in international competitions until the next meeting of the Central Board, scheduled for December 2024. The International Basketball Federation (FIBA) extended the penalty of Russian and Belarusian national teams and clubs from all its sanctioned competitions until May 2025.
The International Bobsleigh & Skeleton Federation (IBSF) has definitively barred Russian representatives from the qualification for the 2026 Winter Olympic Games. These decisions were confirmed by the Ukrainian sports federation that tracks bobsleigh and skeleton disciplines. The initial restrictions against Russian athletes were introduced back in 2022 in response to the full-scale invasion, and after the end of the initial disqualification period they continued to apply for an indefinite period. In 2023, the International Olympic Committee also recommended that federations keep the restrictions in place and not admit Russians and Belarusians to competitions even under a neutral status.
Banned Russian and Belarus athletes and officials in international IGF sanctioned competitions. This includes the 2022 World Amateur Team Championships.
Banned teams, officials, referees, lecturers and experts from Russia and Belarus from taking part in IHF events and activities.
Emporarily suspend technical cooperation assistance to the Russian Federation except for humanitarian assistance
Banned Russian and Belarusian riders and teams FIF sanctioned events. The FIM will continue to prohibit Russian and Belarusian riders from taking part in races under its oversight for the forseeable future. Such a decision was reached after the FIM Board of Directors. Russian and Belarusian riders will remain unable to take part in FIM-sanctioned events through at least the start of the 2024 racing seasons. The sanctioning body confirmed the decision after the Board of Directors met on 29/30 November followed by the FIM General Assembly last Friday, both in Liverpool ahead of the 2023 FIM Awards.
Banned Russian and Belarusian skaters from ISU sanctioned competition. (ISU governs figure skating, synchronized skating, speedskating and short-track speedskating). The Council will continue to monitor the situation in Ukraine and its impact on the ISU activity as well as the decisions and their implementation within the Olympic Movement. In the meantime, ISU Communication 2469 remains in force. The International Skating Union (ISU) awarded the Russian team third place instead of first in the team figure skating tournament at the Beijing Olympics in 2022. The International Skating Union has approved four Russian figure skaters to attempt to qualify for the 2026 Winter Olympics as neutral athletes who did not support the invasion of Ukraine, including the country's 17-year-old champion Adelia Petrosyan.
Swimmers from Russia and Belarus will be allowed to compete under the FINA flag and with the FINA anthem. (Governing body for artistic swimming, diving, high diving, open water, swimming, and water polo.)
Banned Russian or Belarusian players and officials at events hosted by the ITTF Group. No Russian or Belarusian national symbols, colors, flags, or anthems will be displayed.
Banned Russian and Belarusian athletes from international competitions until further notice. Moved the men’s world championships out of Russia in 2022.
Received revenues in Russia in 2021-2022, promised to suspend all business with Russia. Hexagon has taken the decision to freeze all business activities in Russia. As previously communicated, Hexagon has already suspended all exports of hardware and software licenses to Russia and is now taking further steps to adapt to the current business situation. The catalog on the website of the RusgeoCom store lists 16 Leica total stations, five of which are in stock. According to customs data, in August 2022, this company purchased Leica Geosystems AG equipment through the Chinese intermediary Shanghai Merrypal Import Export Co. Ltd. "RusGeoCom" is a major supplier of power structures and the Ministry of Defense. The company concluded more than 114 state contracts worth 280.524 million rubles, three of which were concluded with the Ministry of Defense for the supply of geodetic instruments. In 2023 revenue of the local company "HEXAGON GEOSYSTEMS RUS" LLC (tax id 7717626771) dropped to 0 as result of steps done.
MSC Cruises suspended calls to St Petersburg, Russia, impacting four ships with Baltic sailings from late May until October 2022.
Temporarily suspended business with Russia. Statement condemning Russian invasion of Ukraine.
Temporarily suspended its Russian equities fund ($637 million in assets). The Swiss bank Banque Pictet & Cie will cease to accept transfers in Russian rubles from November 1, 2023.
The company claimed that they left the Russian market in 2022. The website pocketbook.ru belongs to the former partner of PocketBook, after leaving the Russian market, and as a result of certain actions of the former partner, the parent company does not have access to this site and the domain does not belong to them.
Red Metal AG, a Swiss trading company that had been a significant buyer of Russian copper, has now wound down that business, according to Managing Director Milan Popovic. “Red Metal AG has completely terminated all contracts with Russian suppliers and the last delivery we received was on September 6, 2023,” he said, adding that the company would now focus on other countries including Serbia, Uzbekistan, Mongolia, China and Kazakhstan.
The company suspended commercial activities in Russia.
Suspend exports to Russia. Richemont and Rolex, which left Russia, continue to protect their trademarks. In January-July, slightly more than 4 thousand applications for trademarks were registered in Russia. Of the well-known companies producing jewelry and included in the top 20, Western players in the luxury segment are Rolex SA, Richemont International SA (in particular, it manages the brands Cartier, Vacheron Constantin, Piaget, Van Cleef & Arpels, Montblanc). In the first half of 2025, they filed 44 and 34 applications for registration in the Russian Federation, respectively.
Suspend all new investments in Russia, including signing new customers
As of February 28, 2022, company immediately suspended all shipments and business relationships to Russia, including those through third party countries. Traco Power products, which have been used for any purpose in Russia, including used in Russian armament material, cannot originate from our company or our authorized sales channels to Russia since February 28, 2022, the period when sanctions went into effect.
Suspended Russian teams from international competition, including the Champions League and second-tier Europa League. Banned Russians from using UEFA flag, anthem and name at matches. Moved the Champions League final from St. Petersburg to suburban Paris in May 2022. The UEFA Executive Committee has decided that Russian teams of minor players will be readmitted to its competitions in the course of this season. In this respect, the Executive Committee has asked the UEFA administration to propose a technical solution that would enable the reinstatement of the Russian U17 teams (both girls and boys) even when draws have already been held. All matches of the Russian teams shall be played without the country flag, anthem, national playing kit and not on the Russian territory. UEFA backs out of decision to readmit Russia U17s.
Banned wrestlers and officials from Russia and Belarus from international competitions. Canceled any events in both countries for 2022.
Ceased all operations in Russia for 2022. Evaluating 2023 operations.