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
Continuing business operations in Russia (4 locations). Canceled €200 million expansion investment. The Rockwool company earned millions of Krons on orders from the Russian Ministry of Defense. Among other things, Rockwool products are part of a warship that participated in the war against Ukraine last year. An official partner and distributor of Rockwool supplied materials to the Russian Navy for use in the construction of three advanced frigates. Still, the Danish stone wool giant vehemently denies having any customer relationship with Russia’s military. Since the annexation of Crimea in 2014, Rockwool has systematically sold ship insulation that has ended up in at least 31 vessels in the Russian navy. Ukraine’s anti-corruption agency has branded Danish insulation giant Rockwool an “international sponsor of war” for continuing to supply its construction materials via intermediaries to various Russian state institutions, including the Ministry of Defense.
Continue doing business as usual.
Received revenues in Russia in 2021, there is no any official announcement
No official statement
No official statement
Denmark’s Scan Global Logistics (SGL) has defended its continued use of Russia’s rail network to transport cargo between China and Europe, claiming its actions comply with all of the rules currently in place.
Suspend further marketing and clinical investment; pause new clinical trials and active enrollment but increased revenue in Russia in 2022 vs 2021.
Received revenues in Russia in 2021-2022. Coloplast’s priority is also on continuing our supply of products to our users. We provide essential products like ostomy bags and catheters that are necessary for people to maintain a dignified life. Our position is that under no circumstances should people living with intimate chronic conditions be without essential products and treatment. Since March 2022, Coloplast has, however, halted all new investments in Russia. Today, our focus is primarily on serving our existing users of ostomy products and catheters in the country.
Stopped sourcing Russian coal and biomass for its power plants. Will continue to buy natural gas from Gazprom as contracted.
On June 6, 2022 will stop servicing brokerage accounts
Sakhalin Energy, the operator of the Sakhalin-2 project, faced the threat of shipment disruption after its contractor Svitzer (the structure of the largest container operator Maersk), citing force majeure, unexpectedly decided to suspend the tug freight contract. In order to prevent the departure of four Svitzer tugs, "Sakhalin Energy" obtained their arrest through the court.
Will not extend its current contract when it expires in 2030
Suspend operations outside of staple food products. Foreign owners of the company Chr. Hansen has decided to stop supplying Russia, its Russian division said in a letter to customers. Operations will cease until the end of 2024, it said. “Together with our clients, we will organize, as far as possible, a smooth and comfortable transition period,” the letter says.
Halting cargo bookings with Russia. Maersk expects a quick conclusion of negotiations on the sale of business in the Russian Federation. Agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group. In 2022 and 2023, Maersk transported mining equipment for a company owned by the Wagner Group in Sudan. The expert explains that the Danish shipping company provided a centralized service for one of Russia's important sources of income. 16.09.2024: The legal entity MAERSK LLC was liquidated. MAERSK SOLUTIONS LLC is still operating, although it did not receive revenue in 2023.
Received revenues in Russia in 2021-2022, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022.
Suspended deliveries and sales to Russia
The problems in the Red Sea have posed extraordinary challenges to many companies' supply chains. This has contributed to a few inquiries from customers transiting via Russia. Therefore, we have recently investigated the possibility of temporarily offering this solution in compliance with current legislation and sanctions to service individual customers with important deliveries. But our conclusion remains that we will not use transit via Russia. In a statement to the press on 20 February 2024, it was incorrectly stated that Blue Water had resumed transit via Russia. That is not correct, as we still do not use transit via Russia.
Ban Russian investments in customers' portfolios but Danske Bank Pleads Guilty to Fraud in Multi-Billion Dollar Scheme to Access US Banks by "high-risk customers," including Russians. Suspend operations in Russia.
Temporarily suspended shipments to Russia due to the war in Ukraine (there are 81 independently owned stores in Russia). The LEGO Group has not shipped products to Russia since March 2022. We do not support or facilitate sales of LEGO products into Russia and have taken steps to increase visibility and control over any potential resale activity by our retail partners which includes adding a clause to existing retailer contracts regarding supplying Russia.
Suspend all business with Russia and Belarus
Suspended all trade with Russia. Statement condemning Russian invasion of Ukraine.
Effectively suspend shipments to Russia
Promised to terminate business and operations with and in Russia.
Received revenues in Russia in 2021-2023, there is no any official announcement. The company's revenue in Russia fell by 60%. The company is in liquidation since November 28, 2023.
Continued business with Russia and exports. There were no official press releases to leave market. 3Shape still keep support and software upgrades for TRIOS scanners in russia. So russians are able to receive higher quality of dental patients care. 3Shape has ceased selling products in several countries based on increased risks of chemical weapons, cyber-attacks, human rights violations, and terrorism, including Russia.
It’s a legal battle for pharmaceutical company Ambu to liquidate its subsidiary in Russia, but CEO Britt Meelby Jensen remains confident that it will be accomplished before the New Year.
Suspended all sales in Russia. Clothing and care package donations. Assisting refugees with housing and employment. Parent company donated to Red Cross, Unicef, and UNHCR. (Distributors in Finland and Poland)
BIOMAR stops all commercial activities with and within Russia.
Winding down all business. Promised no longer any activities in Russia but still received revenue in 2022. Ceased to receive income in Russia in 2023.
Jysk closes and shuts down all its businesses in Russia. Jysk is closing its 13 stores in Russia permanently. Thus, the Danish chain withdraws from Russia entirely.
The Danish company Kamstrup withdraws from both Russia and Belarus. Kamstrup сompletely exit Russia informs Berlingske.
Appears only brand present in Russia was JYSK. Jysk closes and shuts down all its businesses in Russia. Jysk is closing its 13 stores in Russia permanently. Thus, the Danish chain withdraws from Russia entirely.
Will exit the Russian market and take a substantial non-cash impairment charge. 03.06.2022: Renamed from "CARLSBERG VOSTOCHNAYA EUROPA" LLC to "HOPPI UNION" LLC. Dragging feet on exiting Russia. Carlsberg on June 23, 2023 has signed an agreement to sell its Russian business. Russia seizes control of shares in Danone and Carlsberg subsidiaries. Carlsberg writes off value of Russian operation. Baltika filed a lawsuit to recover damages of 6.24 billion Danish kroner, or 84.1 billion rubles, from Carlsberg Group structures. The St. Petersburg court accepted Baltika's claim against Carlsberg for $900 million in damages.
Exit Russia completely: Danfoss have signed agreement to divest the business in Russia and Belarus (from December 2022) to the local management to exit Russia completely. Over the past five months in 2024, Danfoss products worth more than DKK 13m have ended up in Russia despite EU sanctions, according to Radio IIII based on information from Russian customs authorities collected by the US data company ImportGenius.
Left Russia, sold business to management. 01.07.2022: Lyasko Marianna Zusyevna becomes the new founder of the organization. The record about the founder COMPANY WITH LIMITED LIABILITY ARLA FOODS RUSSIA HOLDING AB has been removed. Deleted record about the founder COMPANY WITH LIMITED LIABILITY "ARLA FOODS DEUCHLAND GMBH"
LLC changed its name, sold to an individual/individuals
The LLC changed its name, was sold to an individual/individuals. Investors from Denmark and Norway want the global transport and logistics giant to explain whether there were individual lapses or systematic violations of the sanction guidelines due to Russian shipping.
Sullplied fish to McDonalds, suspended operations 17.03.2022 after McDonalnds closed resourants, 6.07.2022 decides to sell Russian business. 13.09.2022: Danish seafood giant Espersen completes sale of Russian subsidiary, fully exits the country.
Exit Russia. According to media reports - "The Hempel company has completed the sale of its assets in Russia after receiving the relevant permits from the Danish and Russian authorities. "Atombudkompleks" acquired the legal entity of Hempel in Russia, including its assets and employees. The sale does not include active business." and In fact, there were no changes in the register, only the LLC was renamed. 02.2024: JSC INDUSTRIAL COMPANY "LITUM" becomes the new founder of the organization. The entry about the founder of HEMPEL A/S was removed from the Unified State Register of Legal Entities.
Haldor Topsoe announced the closure of activities in Russia and Belarus. Fully wind down all Russian business, enity is liquidated.
Upon completion the company will have no presence in Russia, As a result of this decision, the business in Russia will no longer be included in the Group’s revenue and operating profit. Aarsleff has sold its Russian business: After almost a year-long process, Aarsleff has now obtained all the required approvals in both Denmark and Russia, and the sale of Aarsleff's Russian business has now been completed.
The LLC changed its name, was sold to an individual/individuals
Initiated the sale of its Russian and Belarusian companies. The operations of the companies in Russia and Belarus will continue until the sale is completed, to secure our local employees and to avoid nationalization of the company. In the company statement dated 10.11.2023 it says that Flugger has sold all of its activities in Russia and Belarus.
Pig company Goodvalley sells Russian branch.
Closes business in Russia and Belarus: The decision to fully close business in Russia and Belarus is reflected in the upcoming announcement of Grundfos’ half-year results. A significant one-off cost of DKK 851m related to the closing of business in Russia and Belarus will be reported. 03.2024: ISTRATECH GROUP LLC becomes the new founder of the organization LLC "Grundfos Istra". The entry about the founder of GRUNDFOS HOLDING A/S was removed from the Unified State Register of Legal Entities. Another legal entity LLC "Grundfos" (tax id 5042054367) continued to work. Grundfos has completed the divestment of its Russian business, marking the end of Grundfos’ presence in Russia. The company has not actively conducted any business in Russia for more than two years, and now, Grundfos has officially divested its Russian sales and production companies. 14.06.2024: VANDYORD GROUP LLC becomes the new founder of the organization. The entry about the founder of GRUNDFOS GMBH has been removed from the Unified State Register of Legal Entities.
ISS divested its Russian activities during March 2022 and is no longer active in Russia.
Not received revenues in Russia in 2022. 24.11.2023: The legal entity was liquidated.
Have taken the decision to quickly close operations in RF permanently. 20.06.2023: The legal entity was liquidated.
Continued operations but no new contracts. Fully withdrawn from Russia. Vestas CEO sees continued challenges as wind giant posts another loss. Russian company is in the process of liquidation. 04.2024: The legal entity LLC "VESTAS MANUFACTURING RUS" was liquidated on April 18, 2024.