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
Still operating in Russia. Following the results of 11 months of laptop sales in 2023, Taiwanese MSI became the leader in Russia, overtaking Asus and Huawei.
Acer has decided to suspend its business in Russia due to recent developments. But Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs.
According to official data from the Futuresource-consulting resource, the market of regular SSD drives for PCs and laptops in Russia has been dominated by three brands over the past 2-3 years. The leader is the Taiwanese hardware manufacturer ADATA - its share fluctuates around 30% of the entire SSD market. The second place is taken by another representative of Taiwan - Apacer Technology Inc. It accounts for 10-15% of all drives sold. The top three are closed by the American company Patriot Memory. It took 10% of the market. Moreover, when the main players left the market, ADATA remained, but Apacer and Patriot entered this market already DURING the war.
According to official data from the Futuresource-consulting resource, the market of regular SSD drives for PCs and laptops in Russia has been dominated by three brands over the past 2-3 years. The leader is the Taiwanese hardware manufacturer ADATA - its share fluctuates around 30% of the entire SSD market. The second place is taken by another representative of Taiwan - Apacer Technology Inc. It accounts for 10-15% of all drives sold. The top three are closed by the American company Patriot Memory. It took 10% of the market. Moreover, when the main players left the market, ADATA remained, but Apacer and Patriot entered this market already DURING the war.
Company provides servers and infrastructure for the Russia, sells into Russia. This Taiwanese company, a subsidiary of ASUS, continues to officially sell servers and data storage solutions to Russia and Belarus. These products can be utilized by the Russian government against the Ukrainian military, catering to both enterprise and personal use.
The company continues to supply products to Russia.
The company officially updates, maintains, and sells enterprise servers and data storage equipment in Russia, as well as provides tech support. This Taiwanese company provides enterprise server and data storage solutions for the Russian military and government sectors. It continues to list Russian suppliers on its website, and Yuriy Shogenov, a Russian national, serves as their official representative in Taiwan. The company is also looking to expand in the Russian market by hiring Russian-speaking engineers, as indicated in their job listing on the Taiwanese site: https://www.104.com.tw/job/88qdl. Notably, news featuring Yuriy Shogenov was published after the onset of the war in 2023: https://www.infortrend.com/ru/news/20230705/510
Aiding Russia’s war machine.
Companies whose components have been found inside the Shahed-136. The Shahed-136's airspeed sensor board containing non-isolated DC/DC converters manufactured by MinMax Technology. The presence of MinMax components in Iranian military equipment was previously reported by Atlantic Council in 2020.
The company continues to sell products to Russia and is actively seeking account managers in Russia to expand their business, as indicated in their current job listings (updated by December 24th 2024). They sell industrial-grade SSDs and memory, which could potentially be used in military applications. Max Ivashkin, a Russian nationalist, is their representative in Taiwan, with his name and email listed in the job recruiting posting ([email protected]).
According to official data from the Futuresource-consulting resource, the market of regular SSD drives for PCs and laptops in Russia has been dominated by three brands over the past 2-3 years. The leader is the Taiwanese hardware manufacturer ADATA - its share fluctuates around 30% of the entire SSD market. The second place is taken by another representative of Taiwan - Apacer Technology Inc. It accounts for 10-15% of all drives sold. The top three are closed by the American company Patriot Memory. It took 10% of the market. Moreover, when the main players left the market, ADATA remained, but Apacer and Patriot entered this market already DURING the war.
ASUS said that its shipments to Russia are at an effective standstill and that it abides by international regulations. ASUS equipment is still continued to be exported to Russia in 2023. Taiwanese MSI became the leader in laptop sales in Russia, overtaking Asus and Huawei. Since the beginning of the year, the Taiwanese laptop brand MSI has lost its sales leadership in the Russian Federation to its compatriot Asus. Asus increased its share in the Russian market by about a third, occupying almost 18% of the market. Ceased to receive income in Russia in 2023 but continued trade.
Chinese airlines add US flights, avoid Russian airspace. Up until now, Chinese airlines have used Russian airspace to and from the United States without any restrictions.
A tanker recently seen at a refinery plant in Mailiao harbor, Yunlin County, belonging to Formosa Petrochemical Corp. (FPCC) was delivering oil products bought from Russia, the company confirmed 2/06/2022. FPCC remains one of Taiwan's largest importers of Russian coal, and Taiwan continues to rank eighth in the world in terms of Russian coal imports in the first half of 2025. On October 9, Taiwan's Minister of Economic Affairs Kong Ming-hsin told the press that "FPCC's relevant contracts are expiring soon, and following notification, FPCC has agreed not to purchase Russian oil in the future."
The company still have website in Russian, it had the option of ordering through Russia. According to company's statement, Synology has stopped all shipments to Russia since April 2022, in addition to suspending technical support services. The resellers/partners list available on the website for Russia/Belarus have not been maintained nor updated since 2022. Synology does not have offices or personnel operating within Russia.
Taiwan's state-owned utility Taipower has made its last payment for Russian coal under a deal signed before the war in Ukraine and it will not enter into any new purchase agreements with Russia, a company spokesperson said on Wednesday.
TCC Group Holdings' decision to stop buying Russian coal for its Hoping Power Plant has been met with positive reactions from environmental groups.
TSMC complies with all applicable laws and regulations and is fully committed to complying with the new export control rules announced. Taiwan announced it was joining international sanctions against Russia and export ban of semiconductors.
Received revenues in Russia in 2021-2022, there is no any official announcement. Ceased to receive income in Russia in 2023.
Temporarily suspended all shipment in & out St. Petersburg, Russia with immediate effect till further notice. Termination of operations in some Russian ports (Novorossiysk). 27.01.2025: The legal entity YANG MING (RUSSIA) LLC was liquidated.