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 businessPausing Investments
Reducing Activities: company scaling back some business operations while continuing othersScaling Back
Pause operations: company temporarily curtailing operations while keeping return options openSuspension
Clean Break: the company completely halting Russian engagements or exiting RussiaWithdrawal
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the marketExit Completed
Bang & Bonsomer has suspended all new investments in Russia and will not engage in any new business in Russia until further notice. The company has been engaged in active negotiations to reduce its financial and legal liabilities in the country.
Temporarily suspended shipments to Russia due to sanctions. (No production or sourced raw materials from Russia. Russia makes up ~10% of annual sales (over $470M in 2021).
On 6th of April, 2022, VR Group’s Board of Directors made the decision to discontinue the Eastern freight traffic in a controlled manner, With this decision, VR Transpoint, which is responsible for the freight traffic, will draw up a traffic rundown plan,
Planning exit of business in Russia due to invasion of Ukraine, however will provide support to maintain networks. Had previously suspended deliveries (to comply with sanctions) and stopped new business and started removing R&D. Statement condemning Russian invasion of Ukraine. Pledge of over $1.3M UNICEF for humanitarian work in Ukraine.
Suspending business operations in Russia. Statement condemning Russia's invasion of Ukraine. Previously had suspended exports from Finland to Russia and Belarus, as well as imports of ingredients and packaging from Russia. (Operations consist of a processed cheese factory, contract manufacturing partners, and sales offices)
The share purchase agreement with local management is subject to approval by the relevant regulatory authorities in Russia and is expected to close during the fourth quarter of 2022. The value of the planned transaction is not disclosed. Following the closing of the deal, the business will operate independently under a different brand
Finnish railway operator Nurminen Logistics has launched a route to China bypassing Russia. The route starts in China and runs through Kazakhstan, Azerbaijan, Georgia and Romania to Central Europe. This was reported by the press service of Nurminen Logistics.
Left Russia. 12.04.2022: The full name was changed from LLC "FAZER" to LLC "KHLEBNY DOM". 19.05.2022: Kalyavin Vladimir Vladimirovich is no longer the CEO of the organization, Kozlov Dmitry Vladimirovich becomes the new CEO of the organization
29.06.2022: The full name was changed from "SOKOTEL" LIMITED LIABILITY COMPANY to "VAN HOTELS" LIMITED LIABILITY COMPANY. 11.07.2022: Petra Yukhany Schaaf is no longer the general director of the organization, Kadina Nataliya Aleksandrovna becomes the new general director of the organization
Concluded total exit from Russia. 25.04.2022: Natalya Lvovna Svetushkova becomes the new founder of the organization, Safronov Konstantin Andreevich becomes the new founder of the organization. The record about the founder JOINT STOCK COMPANY "TIETO GLOBAL" has been deleted. 29.04.2022: Full name changed from LLC "TIETO RUS" to LLC "FORIGHT"
Finnish food manufacturer Raisio sold its subsidiary in Russia to the Russian company Copacker Agro. The right to the Nordic brand will be sold to the Estonian Nordgate Trading Oü. 24.05.2022: The full name was changed from RICE NEWTRESS LLC to NORDIC NEWTRESS LLC. 15.06.2022: Dunaevskaya Svetlana Yulievna is no longer the CEO of the organization, Kichigin Andrey Borisovich becomes the new CEO of the organization
Divested 3 corrugated packaging plants in Russia; 02.06.2022: Full name changed from LIMITED LIABILITY COMPANY "STORA ENSO PAKADZHING BB" to LIMITED LIABILITY COMPANY "NOVO PAKADZHING BB" STORA ENSO PACKAGING". 20.05.2022: LLC "NOVOPAK" becomes the new founder of the organization. The record about the founders of JSC "STORA ENSO PAKAJING" has been deleted. 06.07.2022: SETNOVO GROUP LLC becomes the new founder of the organization. The record about the founder JSC "STORA ENSO OYUY" was deleted.
Teknos Group suspended its Russian operations in March 2022 and in April 2022 announced planning of controlled exit from Russian market. The process has been completed on 11th of July 2022 as 100% of shares in Russian entity – Teknos OOO - were sold.