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
Aiding Russia’s war machine.
The Uzbek chemical plant Farg'onaazot supplies Russia with a chemical critical for the production of Iskander-M ballistic missiles. The Uzbek chemical plant Farg'onaazot plays a key role in the supply chain. This enterprise is owned by the Singaporean corporation Indorama, which acquired it for $140 million in early 2024. Last year, the plant shipped $11.4 million worth of sodium chlorate to Russia and another $6.9 million in the first half of 2025.
Aiding Russia’s war machine.
The United Kingdom has imposed sanctions on companies from six countries for exporting equipment to Russia. Uzbek company MVIZION acted as an intermediary in importing parts to Russia.
A significant proportion of the Uranium that NavoiYuran exports from Uzbekistan is transported by train to the port of St. Petersburg, according to the bond prospectus. While traveling through Russia, it is handled by JSC Atomspetstrans, a firm specializing in the transportation of nuclear materials and a subsidiary of Rosatom, the Russian state-owned nuclear energy company.
While most of the company’s exports were sold to Russian importers, in 2022 Raw Materials Cellulose also made 14 direct shipments to Russia’s Tambov powder plant for almost half a million dollars, trade data shows.
Russian AvtoVAZ will transfer the production of new cars to Uzbekistan.
UzAuto Trailer, a semi-trailer manufacturer from Uzbekistan and controlled by the government of Tatarstan, may organize production in the Russian Federation. The foreign company already has a corresponding structure.
Almost all major gas assets in the country are operated by state owned producer Uzbekneftegaz, with next major players being Russia’s Lukoil and US-registered Epsilon Development.
After months of Kremlin political pressure, Russian giant Gazprom finally signs first Central Asia deal. The Uzbek ministry said the deal is between Gazprom’s export arm, Gazprom Export, and Uzbekistan state gas distributor Uzgastrade.
Russian e-commerce platform acquires state-owned stake in UzPost. As of October 13, 2025 it remains unclear which Russian marketplace acquired a stake in the Uzbek postal operator. However, several reports indicate that Wildberries may have been involved in the privatization.
Account holders in the Uzbek Ipak Yuli Bank received a message from the organization asking them to provide a personal identification number for an individual, RBC writes. You can receive a document only if you have temporary registration in the country.
In Uzbekistan, "Ipoteka-bank", "Kapitalbank" and "Xalq banki" refused to work with "Unistream".
In Uzbekistan, "Ipoteka-bank", "Kapitalbank" and "Xalq banki" refused to work with "Unistream".
In Uzbekistan, "Ipoteka-bank", "Kapitalbank" and "Xalq banki" refused to work with "Unistream". Moreover, "Xalq banki" simultaneously severed relations with all Russian payment systems: "Unistream", Contact and "Zolotaya Korona". The decision was made "in connection with the increase in the number of dubious transactions, as well as transactions that, by their characteristics, do not correspond to transfers for personal purposes".