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 CompletedThe unprecedented situation leads RBI to consider its position in Russia. We are therefore assessing all strategic options for the future of Raiffeisenbank Russia, up to and including a carefully managed exit from Raiffeisenbank in Russia. RBI and its subsidiary banks continue to operate in compliance with local and international sanction laws. The Russian subsidiary of JSC Raiffeisenbank not only officially recognizes the so-called Donetsk and Luhansk "people's republics", but also provides favorable credit terms to the Russian occupiers in Ukraine. Raiffeisen Bank's Russian branch halts opening of new corporate accounts. The National Agency on Corruption Prevention included the Austrian banking group Raiffeisen Bank International in the list of international sponsors of the war for the continuation of the bank's work in Russia and the official recognition of the so-called "DPR" and "LPR". As reported, Raiffeisen paid 4.8 times more to the Russian budget in 2022 than for the entire pre-war year - 559 million euros (~$615million). It should be noted that this is equal to the cost of about 95 Kalibr missiles, with which the terrorist state regularly fires at peaceful Ukrainian cities. In addition, the bank plays along with Russian propaganda, calling the war a "special military operation". Raiffeisen Bank boosts pay for Russian staff by €200mn. Austria's RBI says Russian spin-off unlikely in 2023. Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia. The National Agency on Corruption Prevention (NACP) temporarily excluded the Austrian Raiffeisen Bank from the list of companies sponsoring Russia's war before consultations (but returned it back later). Ukraine refuses to take Raiffeisen off Russia war blacklist. Raiffeisen Bank trumpets Russia growth plans in dozens of job ads.
No official statement
Still operating in Russia.
Received revenues in Russia in 2021, there is no any official announcement
Still operating with Russia.
First Russia rail shipment to India reaches Mumbai with more to come
Continue operating plant in Russia. The Austrian food company "Agrana", which continues to work in the Russian Federation, announced negative consequences for itself from the duty-free import of Ukrainian sugar.
Still exporting to Russia
Received revenues in Russia in 2021, there is no any official announcement
Still operating in Russia.
Still operating in Russia.
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. BWT, registered name BWT AG, is an Austrian manufacturer of water treatment systems with headquarters in Mondsee. As of today, it is an active player in the development of the Russian economy.
Received revenues in Russia in 2021, there is no any official announcement, still manufacturing in Russia.
Received revenues in Russia in 2021, there is no any official announcement
Promised to limit deliveries to Russia sales subsidiary. But in 10 months of 2023, the manufacturer PÖTTINGER Deutschland GmbH (Germany) sold seed drills to Russia worth $3.7 million (in the top ten suppliers). A. PÖTTINGER, spol. s.r.o. (Czech Republic) supplied disc harrows and cultivators. In all cases, the supply was made to the Pöttinger subsidiary registered in Moscow.
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
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, there is no any official announcement
The company continues to operate in Russia.
Received revenues in Russia in 2021, there is no any official announcement
Still operating in Russia
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.
Continue operations with Russia. Distribution partner in Russia - Trading company INAGRO.
The company supplies its productions to its partners in Russia (LLC "NDA Business Medical Company" and LLC "Firma "Finko").
According to trade databases, the Austrian PowerLine Automotive GmbH supplies spare parts and raw materials of European production to the Russian LLC "Turbo King" and LLC "NPO "Rostar" (under sanctions of Ukraine). In 2023 alone, the Austrians supplied products worth more than 2.5 million dollars for "Turbo King" and another almost 250 thousand dollars for "NPO "Rostar".
Zinner, like Krupchak, owns Pulp Mill Holding not directly, but through Austrian private funds. Until the fall of 2022, the ownership of the holding was carried out through the Zinner Privatstiftung (literally, "Zinner's Private Foundation"), the beneficiary of which was Krupchak. According to the company's press release, in October 2022, the grounds on which Cypriot citizen Volodymyr Krupchak was recognized as the beneficial owner of Pulp Mill Holding GmbH were terminated. Dr. Heinz Zinner became the sole controlling person of the holding. Pulp Mill Holding is currently owned by another fund, TPCA Paper Industry Holding GmbH, which appears to have been created the day before the ownership change agreement and registered in the same building where Pulp Mill Holding is registered.
A discovery by the Ukrainian military was that the Iranian drone contained a high-end Austrian Rotax 912iS engine, which is used in small civilian aircraft. Manufacturer Rotax immediately denied supplying engines to Iran and launched an investigation.
Red Bull suspended all marketing activities and new investments in Russia.
Reduced production
Selling down existing stocks in Russia
Suspend unspecified new business in Russia for time being
The representative office of Anritz Separation in Moscow continues its activities
The company is very important to the transportation industry of Russia. Has 2 legal entities (were recently renamed to hide relations with Doppelmayr) which reduced volumes but continued import in 2022. Customs data shows that the latest deliveries were in September 2022.
LiSEC informed KSE that closed subsidiary in Russia from August 1 2023 but no proper changes in the register reflected so far.
No new business; continue servicing fire engine pumps in Russian JV
The company halted all shipments and activities to Russia and Belarus
JSC Kolomensky Zavod supplies the Ministry of Defense with diesel engines for warships. The enterprise produces engines for the Russian Navy based on the D500. Kolomensky Zavod orders screw springs from Heinrich Eibach GmbH in Germany, safety valves are supplied by HOERBIGER Wien GmbH from Austria, and D49-type engines from Poland’s Piston Ring Manufacturer Prima. 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.
Separated out all business activities in Russia. In 2 entities out of 4 there were following changes (probably an internal deal, part of the assets were transferred to companies from Qatar and the UAE): 12.2023: The entry about the founder of KRONOSPAN GMH LLC was removed from the Unified State Register of Legal Entities. ULTRADEKOR GMH LLC becomes the new founder of the organization | 12/15/2023: Full name changed from KRONOSPAN LLC to ULTRADEKOR LLC. 12.2023: The full name was changed from KRONOSPAN GMH LLC to ULTRADEKOR GMH LLC. 15.11.2023: The entry about the founders of KRONOSPAN HOLDINGS RUSSIA LIMITED and KRONOSPAN HOLDINGS EAST LIMITED was removed from the Unified State Register of Legal Entities. KAUZA HOLDING LLC and KAUZA-FTSKO become the new founders of the organization.
Winding down operations in Russia; terminating shareholder syndicate agreements with Deripaska. MKAO Rasperia Trading Limited, a Strabag STRV.VIshareholder formerly controlled by Russian businessman Oleg Deripaska, was sold to Russian company Iliadis JSC, the Austrian construction firm.
Received revenues in Russia in 2021-2022, there is no any official announcement. 12.2023: The entry about the founder Limmer Volker was removed from the Unified State Register of Legal Entities. LLC "GROUP OF COMPANIES "GRANEL" becomes the new founder of the organization. The entry about the founder Constantia Flexibles International GMBH has been removed from the Unified State Register of Legal Entities. Partial exit, there is 1 more company.
Received revenues in Russia in 2021-2022. EVN is currently in advanced negotiations with a potential buyer for the two combined heat and power plants in Moscow, which represent the last remaining activities of the EVN Group in Russia. 1 of 4 entities was sold: 11.2023: The entry about the founder of the STATE UNITARY ENTERPRISE OF MOSCOW "EKOTEKHPROM" was removed from the Unified State Register of Legal Entities. JSC "EKOTEKHPROM" becomes the new founder of the organization.
Was selling online. Fischer restricted its business in Russia. 07.03.2024: The legal entity FISCHER SPORTS RETAIL LLC (tax id 7716885692) was liquidated, but the main legal entity FISCHER LLC (personal identification number 7716588925) continues to work.
In March 2022, Swarovski suspended its Russian business. CEO Alexis Nasard is now announcing a full exit - "in accordance with current sanctions and trade restrictions". Outside of Swarovski's vision of Russia, about how it was voiced in every other turn, already completed, remind Nasard.
Stopped on business, initiated divestment process.
Austrian insurance company Uniqa UNIQ.VI is looking into the possibility of a complete exit from Russia. UNIQA is selling its 75 per cent share in the Russian company Raiffeisen Life to the Russian insurance company Renaissance Life, along with AO Raiffeisenbank, which belongs to the Raiffeisen Bank International Group and owns the remaining 25 per cent of the shares.
PeWeTe sold and transferred its participatory interests held directly and indirectly in its Russian LLC which was sold to a local legal entity, which is held by a group of Russian top managers of the Petro Welt Group
Mayr-Melnhof Group announced the sale of the Russian enterprises it owns for the production of cardboard packaging - "MM Poligrafofromlennya Packaging" and "MM Poligrafofromlennya Rotogravyur".
Mayr-Melnhof Group announced the sale of the Russian enterprises it owns for the production of cardboard packaging - "MM Poligrafofromlennya Packaging" and "MM Poligrafofromlennya Rotogravyur".
Wienerberger decides to sell its operations in Russia. 02.2024: STROYMIKS LLC becomes the new founder of the organization. The entry about the founder of WINERBERGER AG was removed from the Unified State Register of Legal Entities. 02/26/2024: LIME-CEMENT ASSETS MANAGEMENT LLC becomes a management organization.
08.2023: LLC "E-MOBIL" becomes the new founder of the organization. The record about the founder COMPANY "COSYM HOLDING AG" has been removed.
04.2023: 24.04.2023: Deleted the record about the founder Kirchmeier Gerhard. LLC "UK VLP" becomes the new founder of the organization. Deleted record about the founder COMMERCIAL ORGANIZATION "HASSLACHER HOLDING GMBH".
Received revenues in Russia in 2021-2022, there is no any official announcement. 04.2024: The legal entity LLC "BANNER BATTERIEN" was liquidated on April 11, 2024.
No new Russian investments; doing strategic review of current Russian gas investments, significantly reduced its exposure to risks related to importing Russian gas later this year. OMV writes off assets in Russia for 2.5 billion euros. Austrian energy group OMV will continue to buy most of its gas from Russia this winter, its chief executive has said, even though the company has secured back-up contracts to fully cover its import needs from other sources. 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.