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 CompletedAt the end of 2022, the Singaporean company HYSG Pte. Ltd, associated with Paldo, acquired the Russian company ZAO "Yuropp Foods GB," which produces products under the Gallina Blanca brand. This acquisition also includes the enterprise located in the Nizhny Novgorod region, where broth cubes, seasonings, and pasta products were manufactured.
CEO at Bernhard Schulte GmbH & Co, KG: https://www.linkedin.com/in/ian-beveridge-90a851147/; Fleet Manager at BSM Singapore: https://www.linkedin.com/in/jezil-colabewalla-865734a3/
Don Agro International Limited has announced that its subsidiary, JSC Tetra, has entered into a one-year short-term loan agreement worth 100 million Russian Rubles with LLC SGC Blagovar. This loan aims to support Blagovar’s working capital needs and is set at an interest rate tied to the Central Bank of Russia’s key rate, plus an additional 3%. This strategic move highlights Don Agro’s efforts to strengthen its financial engagements in Russia’s agricultural sector.
M&M itself stated that it ceased trading in Russian-origin petroleum products in February, and the company's financial director, Sergey Geller, who previously headed the company's division in Russia, left his position at the end of July.The U.S. Department of the Treasury is examining the activities of Mercantile & Maritime in an effort to determine whether it is trading Russian oil in violation of Western sanctions.
CEO - Synergy Marine Group: https://www.linkedin.com/in/rajesh-unni-32763823/
Freeze investments and stop purchasing crude oil from Rosneft from May 15. Following a review of options in respect of its 10 percent non-operational, passive shareholding in Vostok Oil, Trafigura has now exited its investment; maintain shareholding in Russia. Suspend all business activities indefinitely & exit Russia, but sells Russian oil. Trafigura terminated its long-term offtake contracts for crude oil and petroleum products with state-owned Russian producers in advance of European sanction…. "Since then, we have not purchased Russian origin crude oil. We continue to comply with applicable sanctions".
Oversea-Chinese Banking Corp (OCBC) will stop handling any transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions.
Ceased imports into Russia. Divest Russian operations: Olam International sells its Russian coffee production site to Lalibela Coffee.
Has sold the Lamoda business with operations in Russia, Kazakhstan and Belarus for 95 mln euros to apparel retail investor Yakov Panchenko.