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 CompletedContinue operating subsidiary in Russia but limited some activities. Revenue increased in 2024 vs 2023 by more than +50%.
Maintains an office and current operations in Moscow.
Ukrainian anti-corruption NGO NAKO found antennas supplied by Taoglas among the debris of Russian bombs. The Irish company said it could not prevent its equipment from being used in Russian glide bombs and drones. Taoglas parts have also been found in Shahed-136 drones, reconnaissance drones and other types of drones. Between 2022 and 2024, Taoglas products worth $752,928.49 (€663,000) were imported into Russia, mainly from suppliers in China, Hong Kong, India and Turkey. Taoglas said it had sold millions of its antennas worldwide and had imposed a ban on direct trade with Russia since the invasion began in 2022.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
Suspend shipments to Russia
Keywords Studios, the Irish video game services company, said it has made “significant progress” in reducing its presence in Russia. A spokeswoman said it was “well advanced” in relocating staff to Poland, Serbia, Armenia and Malta. Significantly reduced revenue in 2023 vs 2022.
Avolon records $182m loss due to Russia writedown. Avolon and BOC Aviation, two of the world's largest aircraft lessors, have fully settled lawsuits in the Irish courts against insurers over jets stranded in Russia following Western sanctions in 2022. Lessors are suing dozens of insurers around the world over losses of at least $8 billion after more than 400 planes were stranded in Russia following the sanctions over Moscow's war in Ukraine that forced the termination of their leases.
Initially suspended exports to Russia. But later the Pernod Ricard company, which owns Ireland's largest Jameson whiskey brand, has resumed supplies to the Russian market. Sales were suspended in March last year after the start of a full-scale war between the Russian Federation and Ukraine. Irish Distillers confirms that it ceased exports of Jameson to Russia as of end of April 2023.
Reducing some customer deliveries and divesting industrial assets (no details). Continuing to provide medical and safety critical products. Suspending sanctioned projects and planning for new projects in Russia. Statement condemning the Russian invasion of Ukraine. (Five offices in Russia; one in Belarus. Ammonia production factory joint venture with JSC KuibyshevAzot. One of the partners in a Novatek contract for the Arctic LNG 2 export project). Despite publicly announcing the suspension of any new projects in Russia after the invasion of Ukraine in February 2022, Linde diligently fulfilled its contracts for the "Arctic LNG 2." In particular, Linde shipped at least three batches of equipment to Russia, including one registered with the Russian customs on June 1, 2022. A court in Russia confiscated the assets of the German company Linde GmbH, which refused to build a gas processing complex for Gazprom in Ust-Luga and supply high-tech equipment due to EU sanctions against Russia. 04.2024: UNITED RESOURCES PTO LLC becomes the new founder of the organization. The entry about the founders EISENVERK WEILBACH GMBH and LINDE MATERIAL HANDLING GMBH was removed from the Unified State Register of Legal Entities. 8 more legal entities left.
Suspended leasing activity with Russian airlines (5 percent of its fleet was leased by Russian airlines at the end of 2021). Ireland-based AerCap in a stock market filing said it had received $645 million from insurance company NSK in full settlement of insurance claims in relation to 17 aircraft and five spare engines leased to state-controlled airline Aeroflot and its subsidiary Rossiya. AerCap receives $572mn pay-out from Russian insurer. The world's largest aircraft lessor AerCap can recover more than $1 billion related to planes stranded in Russia after the invasion of Ukraine, London's High Court ruled, although that is less than the roughly $2 billion it had sought.
Terminated its operations in Russia. ASG doesn't have any business operations or interests in Russia, nor have any direct or indirect subsidiaries in that country. ASG maintains a zero-tolerance policy towards conducting any business with Russia, Belarus, Iran, North Korea, Syria, Cuba, Afganistan and other sanctioned countries or any related entities and natural persons.
Kama Capital is negotiating the purchase from the Irish investment company Bergkamp Investments, part of the Irish Bank Resolution Corporation (IBRC), of the Kutuzov Tower business center with a total area of 31.9 thousand square meters in the Fili-Davydkovo district in the west of Moscow and the Q-Park logistics complex with an area of 83.5 thousand square meters near the Kazan airport.
Announced withdrawal from Russia. Despite public statements about leaving the Russian market, CRH probably continues its operations in Russia through its affiliated entities, specialising in the production of cement, concrete products, lime, and aggregates, such as Fels Werke.
Suspended business in Russia. Revenue significantly (by -90%) decreased in 2024 vs 2023.
Ovoca Bio PLC agrees to dispose of some of its Russian assets to Desirix LLC for EUR1.1 million. Upon completion, all operational activities of Ovoca in Russia will cease and its Russian subsidiary, IVIX LLC, will be transferred to an inactive, non-operating status.
In April 2023 National Agency on Corruption Prevention (NACP) has included Peninsula Petroleum to international war sponsors list. In June 2023 NACP excluded from the list of international sponsors of the war the world's leading ship fuel supply company, the Irish Peninsula Petroleum Limited. The company has sent a corresponding letter to NAKC indicating the fulfilled conditions that allow it to be excluded from the list. Peninsula Petroleum Limited has stopped supplying bunker fuel not only to Russian-owned or Russian-flagged vessels, but also to those carrying Russian oil. The company took such steps as a sign of condemnation of Russian aggression.
PetroNeft Resources set to sell Russian assets. Petroneft Resources said it will enter into a share-purchase agreement in connection with the proposed sale of its Russian business for a net cash consideration of 189.01 million Russian rubles ($2 million) plus $1, and that it will seek shareholder approval. PetroNeft shares to be cancelled from AIM amid Russia exit.
The Aeroflot airline reported that it has completed the settlement of relations with the Irish lessor SMBC Aviation Capital for 16 aircraft and one more aircraft under the management of SMBC Aviation Capital. "In accordance with the agreements reached, the lessors terminated their claims to the Russian parties both under insurance policies issued by Russian insurance companies and under leasing contracts with Aeroflot PJSC." The ownership of the aircraft was transferred to the insurance company "Strakhovaya kompaniya NSK" LLC, which paid the settlement amount. Sumitomo Mitsui Financial Group announced that its subsidiary SMBC Aviation Capital Limited has received an insurance settlement of $445m, subject to approval by the Irish courts. SMBC proceeds from Russian jet insurance settlements hit €1.2bn.
Announces that it has decided to exit the Russian market/ The Group has already suspended support for its Russian operations including any imports and exports and any short or long term funding. Smurfit Kappa completes exit from Russia, selling to local managers.
03.06.2022: Full name changed from LIMITED LIABILITY COMPANY "ACCENTURE" to LIMITED LIABILITY COMPANY "AKSTIM". 01.06.2022: The record about the founder Biryukov Sergey Yuryevich has been deleted.
Irish ingredients giant Kerry Group sold its Russian subsidiary to local management and agreed to offload its Belarusian unit to a local operator.
In April 2022 announced it has exited the Russian market and divested its operations to local management. 20.03.2025: The legal entity KINGSPAN LLC was liquidated.
LLC was sold to a local legal entity
Playrix closes all offices in Russia and Belarus that employed over 1,500 people. As of September 2023, all offices in Russia and Belarus are closed, employees have been relocated, and some of the staff had to part ways. 11.2023: The full name was changed from LLC "PLAYRIX" to LLC "ITDEV LAB" but the same owner (RIMUTE HOLDINGS LIMITED LLC, Cyprus) remained. 4 other group's companies in Russia are in the process of liquidation (FORESTWEST LLC, MGL GAMES LLC, PLAYRIX DMR LLC and PERFECT PLAY LLC) since December 2023. 17.06.2024: The legal entity LLC "PERFECT PLAY" was liquidated. 17.06.2024: The legal entity MGL GAMES LLC was liquidated. The remaining legal entities are in the process of liquidation.
Assets sold to local management. Irish engineering firm owner flees Russia as companies fear hike in exit price.
Received revenues in Russia in 2021-2023. Irish nutrition group Glanbia has ceased selling to the Russian market following the invasion of Ukraine. 13.12.2024: The status of the legal entity GLANBIA LLC has been changed to "In the process of liquidation". 29.08.2025: The legal entity GLANBIA LLC was liquidated.
Another company suspended its work in Russia - the Irish concern Allergan. 23.07.2025: The legal entity Allergan CIS SARL LLC was liquidated.