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
Maintaining operation of joint venture with the largest Russian manufacturer (Ilim Group) of pulp and paper. Exploring options including potential sale of the 50% stake.
Will sell its non-controlling interest in the AB InBev Efes, request regarding the suspension of the license for production and sale of Bud in Russia will also be part of a potential transaction, not sure of other brands. AB InBev Efes has localized production of some popular beer brands in Russia. largest brewing company AB InBev Efes has localized the production of imported brands Spaten, Franziskaner, Leffe Blonde and Brune.
Suspends investments, marketing and launch of new products. The company cannot exclude the possibility of a suspension of its manufacturing operations in Russia.
The company is suspending KitKat and Nesquik, among other brands. It halted non-essential imports and exports into and out of Russia, stopped advertising, and suspended all capital investment in the country. Nestle doesn't expect to make a profit in the country or pay any related taxes for the foreseeable future in Russia, any profit will be donated to humanitarian relief organizations.
The company discontinued all new capital investments in Russia and are suspending all media, advertising, and promotional activity. Product portfolio has been reduced to focus on basic health, hygiene and personal care items.
According to Russian press, Huawei has stopped taking on new contracts to supply network equipment to Russian operators. Suspend new orders and furlough some staff; 1/07/2022: activated hiring 19/08/2022: Huawei stores in Russia stop selling products to visitors (lack of official supply); 6/09/2022: relocated Chinese and Russian managers and heads of divisions to Kazakhstan and Uzbekistan.
The company suspended all imports and exports of its products into and out of Russia, and will stop all media and advertising spend. Unilever will not invest any further capital into the country nor will get profit from its presence in Russia. Unilever will continue to supply essential food and hygiene products made in Russia to people in the country.
The company is scaling back all non-essential activities in Russia. The company discontinues all new capital investments and suspends advertising media spending.
Stopping all non-essential business in Russia and Belarus, while ensuring continued access to health and agriculture products. In this regard, the company decided to continue supplying agricultural products to Russian farmers. Bayer added that it expects Russian authorities to help protect the free flow of agricultural products, expressing the hope that they will not use the food to put pressure on other countries.
The company suspended all advertising, enrollment in clinical trials, and any additional investment in Russia. It was decided to suspend supply of the personal care products in Russia. The company will continue to supply the medicines and medical devices in the region.
No new trade of Russian commodities. Statement condemning Russian invasion of Ukraine. Maintaining operations in Russia. Equity stakes in En+ Group (~$645 million) and Rosneft (~$183 million).
The company stopped any new spending not related to the supply of the essential and life-changing medicines and vaccines in Russia, as well as in Belarus.
The company is not planning any new investments in Russia. It is continuing to work in Russia, and are taking all required measures to ensure an uninterrupted supply of medicines.
The company suspends non-essential business activity in the country, including all new investments, business development and advertising.
Discontinued a number of its cigarette products and reduced manufacturing activity. Suspended marketing activities in the country. The company is working on options to exit the Russian market in an orderly manner. Philip Morris plans to leave Russia by the end of 2022
Samsung Electronics suspended all shipments to Russia but continues operating r&d center in Moscow and collaborating with government science institutions sharing advanced technologies.
The company announced the suspension of the sale of Pepsi-Cola, 7Up and Mirinda. The company continues to produce other products in Russia. It also suspends capital investments and all advertising and promotional activities in Russia.
The company scales back the business and will refocus in feeding the Russian people and pets. Any profits from the Russian business will be used for humanitarian causes. The company will not import or export the products.
Withdraw all operations in Moscow; stop taking new customers; stop ads; а Moscow court accepted a bankruptcy application by Google's Russian subsidiary
Continue its divestment in Unipro. No new long-term natural gas supply contracts with Russia. Full impairment loss on the Nord Stream 2. Statement condemning Russian invasion of Ukraine. (Operates 5 power plants in Russia under Unipro)
Germany's economy ministry has launched an investigation into whether Bosch violated an export ban on goods that can be used for both civilian and military purposes. Bosch is looking for buyers for its Russian assets
Agreed to sell its largest plant in Russia to an investor Viktor Kharitonin for $1.6 billion. Mondi also has three much smaller plants in Russia that are not part of the deal
The company is temporarily closing its stores in Russia and suspending investments in the country. There are no statements about its Russian plant. In Russia, the Group has temporarily closed all its own stores and e-commerce sites and suspended all industrial and media investments. In accordance with European and American sanctions, it has suspended the sales of all products except essential daily products
Hyundai Motor Manufacturing Russia are suspended until further notice due to ongoing global logistics issues with components delivery.
Stop production at its St. Petersburg plant and stop imports of vehicles; no statement about retail operations and services inside Russia. 23.09.2022: Toyota Motor decided to close its factory in Russia
Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. Vehicle exports to Russia will also be stopped with immediate effect. Also, the Volkswagen company will announce the liquidation of the production site in Nizhny Novgorod
Reducing production and sales of vehicles in Russia. Suspended delivery of trucks and parts to Russia (Manufacturing in St. Petersburg). 13.09.2022: Scania makes a provision for Russia in connection with the disposal of Sales and Service operations and Financial Services in Russia.
According to Nikkei, the company is suspending the export of spare parts to the plant in Vladivostok. The available stock of components will be enough for production and sale for several months. Mazda in talks to end Russia production, following Toyota exit
March 7: Suspending operations in Russia. Pledge of $250K to International Red Committee of the Red Cross. March 2: Planning on temporary shut down of pulp and paper production at its Svetogorsk, Russia due to supply issues. (Russian operations account ~15% total revenue in 2021)
Mercedes-Benz will suspend the export of passenger cars and vans to Russia as well as the local manufacturing in Russia until further notice, but is selling its prodution in Russia according to Kommersant.
Fold up Russian presence. IKEA stores owner Ingka Group said in response to speculation that it might resume sales in Russia that it was open to returning one day but the conditions were not in place right now. IKEA reopens for online fire sale in Russia before market exit. It is noted that the application for the liquidation of "Ikea House" LLC was submitted on August 15, the relevant documents will be ready on the 23rd.
Will exit the Russian market and take a substantial non-cash impairment charge. 03.06.2022: Record about the founder of LIMITED LIABILITY COMPANY "KARLSBERG VOSTOCHNAYA EUROPA" has been deleted. LIMITED LIABILITY COMPANY "HOPPI UNION" becomes the new founder of the organization.
No longer provide engineering services to Russian LNG developers. Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia
BASF decided to wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. Exempt from this decision is business to support food production.
Jaguar Land Rover is laying off the majority of the employees of the Russian office. As one of Kommersant's interlocutors says, JLR is actually leaving the RF. It is not clear if JLR will continue to support the maintenance of its vehicles.
Tetra Pak has now reached an agreement to divest its Russian business to local management, with the intention of enabling business continuity for its customers, minimizing the impact on employees, and continuing to support consumers’ access to essential food.
Sell Renault Russia; transfer Moscow factory to city government and partner for local brand production. 03.06.2022: Full name changed from CJSC "RENO RUSSIA" to JOINT STOCK COMPANY "MOSKOVSKY AVTOMOBILINY ZAVOD "MOSKVICH"
Left the Russian market & sell Russian business. According to Russia's anti-monopoly service, which approved the takeover, McDonald's retains the right to buy its Russia restaurants back within 15 years; 10.06.2022: LIMITED LIABILITY COMPANY "KLUB OTEL" becomes the new founder of the organization, The record about the founder "MACDONALDS CORPORATION" has been deleted
German cosmetics company Wella has left Russia. 05.05.2022: The entry about the founder of EYCHEFS PRESTIGE SERVICE GERMANY LLC was deleted. WELLA GERMANI LLC becomes the new founder of the organization. 26.05.2022: "VESNA" LLC becomes the new founder of the organization. The record about the founders of ECHEFS PRESTIGE MANUFACTURING GERMANY GMBH and WELLA GERMANY GMBH has been deleted from the register
Totally withdraw from the Russian market for oil, oil products, natural gas and liquefied natural gas in a phased manner. 08.06.2022: Full name changed from SHELL NEFT LLC to TEBOIL RUS LLC. 17.06.2022: Sergey Arturovich Starodubtsev is no longer the organization's CEO, Vitaly Gennadievich Maslov becomes the organization's new CEO. SHELL OVERSEAS INVESTMENTS B.V. and PRIVATE COMPANY B.V. DORDTSE PETROLEUM MATSAPPEY have been deleted as founders from the register.
Suspended any new export business from Russia. Continued to operate its oil seed crush plant in Russia. "Agricultural commodities trader Bunge Ltd said on Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. Bunge Ltd. sold its sunflower-crushing plant in Russia, marking the biggest oilseed processor’s exit from the country in response to the invasion of Ukraine."
27.04.2022: Ivanov Konstantin Igorevich becomes the new founder of the organization, Kobzev Alexander Mikhailovich becomes the new founder of the organization, Alexander Igorevich Naumov becomes the new founder of the organization, Bronetsky Sergey Alexandrovich becomes the new founder of the organization. The record about the founder "REEMTMSA CIGARETTENFABRIKEN GESELLSCHAFT MIT BESCHRANKTER HAFTUNG" / "REEMTMSA CIGARETTENFABRIKEN GESELLSCHAFT MIT BESCHRANKTER HAFTUNG" and "IMPERIAL TOBACCO HOLDINGS (NETHERLANDS) BV" / "IMPERIAL TOBACCO HOLDINGS (NETHERLANDS) BV" was deleted
Left Russia. 25.04.2022: Alexander Markovich Yamnitsky becomes the new founder of the organization. The record about the founder JOINT STOCK COMPANY "ELKO GRUPA" has been deleted. 31.03.2022: Financial statements for 2021 submitted
Donation to UNHCR. Declared they will leave Russia in May. Enel writes down Russian unit's value pending sale completion. LLC was sold to a local legal entity.