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
Exit Completed
On March 11, 2022 Leroy Merlin announced that it does not plan to reduce its operations in Russia, where it operates 143 stores. On March 17, 2022 they disconnected the Ukrainian office from corporate communications and announced that they would increase deliveries to the Russian Federation. Stopped new investments, imports, and financing in Russia. But the latest video investigation confirms that a French company is supporting Russia's war effort in Ukraine. On March 24, 2023 ADEO announces its intention to transfer control of Leroy Merlin Russia to the local management.
The company announced the suspension of the sale of Pepsi-Cola, 7Up and Mirinda. The company continued to produce other products in Russia. It also suspends capital investments and all advertising and promotional activities in Russia. In September 2022 PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. For 11 months, from the beginnig of the war, the company has not taken any visible steps to exit and continues to sell chips and dairy products in Russia. Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$223mn or +5%). Profit volumes also significantly increased in 2022 vs 2021.
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 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
No statements about suspending or closing business. Italian bank Intesa Sanpaolo's (ISP.MI) Russian subsidiary saw profits more than six times higher in 2022 than the year before, independent audit documents showed, as Western sanctions on Russia's banking sector gave foreign lenders an unlikely boost.
The Russian Federation and the People's Republic of China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group.
Provides humanitarian support to Ukraine. LLC "SPAR Tula" was sold to an individual/individuals but the rest of their services in Russia are successfully working and developing. 200 supermarkets of the most convenient formats are still open in 12 regions of Russia.
Provides services for humanitarian aid. There are statements about the termination of business in Russia.
Suspended Moscow office. French EDF purchased 153 tons of enriched uranium from Russia for its nuclear power plants in 2022.
The company doesn't match the global sanctions imposed on Russia. The flights to Russia will continue to operate until UAE will join the sanctions. A number of airlines in the Middle East accept Visa and MasterCard issued by Russian banks for payment. On Emirates, Air Arabia and Fly Dubai flights, it is again possible to pay for a ticket with Russian "plastic".
Provides services for humanitarian needs. There are no statements about leaving the Russian market.
Donates $1 million on humanitarian needs. Buys adds on websites of sanctioned Sberbank. Exposure is not declared. No statement after the invasion about banks operations.
The Group’s long-term contracts with Gazprom in 2021 represented approximately 20% of ENGIE’s overall gas sales and consumption worldwide. Should European sanctions affect Russian supplies – ENGIE would comply with such decision at all levels. At the beginning of the fourth quarter of 2022, Engie initiated arbitration proceedings against Gazprom Export LLC, seeking, in particular: recognition of Gazprom Export LLC's failure to fulfill its gas supply obligations under long-term gas supply contracts and payment of penalties, and as well as compensation for damages caused as a result of such non-performance.
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 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 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. Suppliers of Johnson & Johnson goods began to send notices to opticians about the suspension of imports.
According to press reports, the company is discontinuing the local production in Russia and export to the Russian market. But Rolls-Royce also has new cars for sale in Russia and claim they don't know how.
The company suspends non-essential business activity in the country, including all new investments, business development and advertising.
Pfizer will donate all profits of the Russian subsidiary to causes that provide direct humanitarian support to the people of Ukraine. There will be no new clinical trials in Russia. Stopped new investments in Russia.
AbbVie has temporarily suspended operations for the aesthetics products in Russia and paused the start of new clinical studies. Other operations are continued.
Red Bull suspended all marketing activities and new investments in Russia.
The company will cease any new business initiatives in Russia while completing support of existing clinical trials and continuing distribution of pharmaceutical products.
Samsung Electronics suspended all shipments to Russia but continues operating r&d center in Moscow and collaborating with government science institutions sharing advanced technologies. Samsung Electronics said nothing had been decided after a newspaper reported the company https://www.reuters.com/technology/samsung-expects-return-russian-market-this-year-izvestia-newspaper-2022-09-14/ was expected to return to the Russian market this year, six months after suspending shipments following the invasion of Ukraine.
Global carmakers are feeling the pinch as logistics and supply chain disruptions to the Russian market have become a reality. Kia the latest automaker to mull exiting Russia. Revenue in 2022 from Russian operations has significantly dropped vs 2021.
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. Russia and China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group, and Red Soft has a joint project with Huawei.
The Coca-Cola Company is suspending its business in Russia but starts making in Russia 'Dobry Cola' and a bunch of juices with brands like Rich and Moya Semya.
Google withdraws internship offers to foreign students in Russia, restriction of Google Pay for sanctioned banks, termination of advertising sales in Russia; а Moscow court accepted a bankruptcy application by Google's Russian subsidiary. Google has removed over 7,000 YouTube channels with links to China, Russia. The "Ъ" source in the Russian electronics market said that Google is increasingly refusing GMS (Google Mobile Services, which includes YouTube, Google Play, cards, etc.) licenses to domestic manufacturers of smartphones and tablets. According to him, as a result, vendors receive a Google license with the help of production sites that position "Russian" devices as international.
The company made a statement about humanitarian support of Ukraine. Stopping supplies to Russia and marketing activities. Dutch health technology company Philips (PHG.AS) will continue to deliver hospital equipment to Russia, despite its war on Ukraine, Chief Executive Officer Roy Jakobs said on Tuesday. Jakobs said Philips' activities in Russia centred on the maintenance and delivery of hospital equipment such as large medical scanners, while it has stopped the sale of its personal healthcare products there - except for maternal care products.
The company stopped all sales in Russia and then Belarus. The company actively shutting down cloud operations in Russia. SAP delays Russia exit as deal talks fail and workers at risk. The German company SAP, one of the world's largest developers of ERP systems, was left with several hundred million euros in operating profit due to its departure from Russia and Belarus. All losses are reflected in its report for 2022. However, it later became known that support is still available to customers with current contracts. SAP created a closed portal for Russian customers to download software updates from there. The former head of the Russian office of SAP headed the company, which provides technical support for Russian customers.
According to messages in the press, the company is winding down its business in Russia but cautiously returned to the market for Russian government and corporate bonds and buy Russian debt. Due to the unilateral decisions of American financial institutions, servicing of Gazprombank correspondent accounts in US dollars at JPMorgan Chase Bank and Bank of New York Mellon will be terminated. In this regard, we ask clients not to use Gazprombank for cross-border transfers in US dollars starting from January 27 inclusive.
The company has stopped exports to customers in Russia and Belarus and imports from these two countries. All investment projects have been cancelled. Local activities are now operating at a minimum and in autonomous mode to maintain the employment of employees.
General Electric Co said it is suspending operations in Russia, with the exception of providing essential medical equipment and supporting existing power services in the region. "We have suspended operations in Russia, with the exception of supporting existing power services to the people in the region," a GE spokesperson told MarketWatch in January 2023, reiterating the company's message from last year.
The company suspended all new sales of Microsoft products and services in Russia and it is stopping many aspects of the business in Russia in compliance with governmental sanctions decisions. Microsoft restricted Windows 11 update for Russians but later Microsoft returned the ability to download and install Windows 10, 11, Windows 8.1. and Windows 7 for Russians, however customers in the country are still unable to download and install the company’s latest operating system. The US Treasury has reached an agreement with Microsoft to settle the dispute over the IT giant's violation of sanctions against Cuba, Iran, Syria and Russia: the company will pay almost $3 million and $1.3 thousand each. clauses are violated, according to the statement of the US Ministry of Finance. Microsoft has stopped warranty service for Xbox consoles in Russia.
Suspend all shipments to Russia. Stop domestic services within Russia, effective September 1st, 2022. Deliveries from Russia remain
According to press reports, the company stops exporting cars and components to Russia. There is no official statement of the copmany. According to the trade data, for the period from 01.03.2022 to 28.03.2023, Honda delivered 540 parts in the amount of USD 2,028 mn.
The company suspended all shipments to customers in both Russia and Belarus. There are no statements about suspension of the local offices. Supply channels to Russia have remained open despite Western export restrictions and manufacturer bans.
Adobe halts all new sales of Adobe products and services in Russia and Belarus. A number of Russian software suppliers continue to sell licenses for the extension of corporate Adobe subscriptions. Softline explained to Kommersant that this is happening by agreement with the vendor.
AMD is suspending its sales and distribution of its products into Russia and Belarus according to comments provided by official representatives to press. There are no official statements of the company. In one case, a Russian 9M727 cruise missile, one of the country's most advanced weapons that can manoeuvre at low altitude to evade radar and can strike targets hundreds of miles away, contained 31 foreign components. The parts were made by companies that included U.S-based Texas Instruments Inc and Advanced Micro Devices Inc, as well as Cypress Semiconductor, which is now owned by Infineon AG, a German company, the RUSI investigation found.
Bank of America began to close the accounts of Russian consulates. This was reported by RBC-Ukraine with reference to the statement of Russian Ambassador to Washington Anatoly Antonov. In Aug-2022 cautiously returned to the market for Russian government and corporate bonds.
TikTok suspended live streaming and new content of the video service in Russia to comply with the new Russian law.
The company stopped monetization for russian accounts and marks tweets of Russian state-affiliated media. Suspended certain operations in Russia. Twitter has removed restrictions on Kremlin-linked accounts in the wake of its acquisition by tech billionaire Elon Musk, a review of the website has found.
Initially stopped production at its St. Petersburg plant and stopped imports of vehicles; no statement about retail operations and services inside Russia. 23.09.2022: Toyota Motor decided to close its factory in Russia. But at the end of 2022 the Toyota concern was the first automaker to resume direct deliveries of spare parts to Russia. "We are talking about details that did not fall under the sanctions". Also, the Russian daughter of Toyota Motor (the official supplier of products in the Russian Federation) allowed its dealers to parallel import spare parts that are subject to restrictions, such as electronics.
The company is stopping all exports into its sales channels in the country. Apple Pay and other services have been limited. Apple pulls top Russian social media app, VKontakte, from App Store but in few days Apple has restored the Russian social network "VKontakte" in the App Store.
LG Electronics is suspending all shipments to Russia and will continue to keep a close watch on the situation as it unfolds. The management of the South Korean LG is discussing the possibility of closing the plant in Russia (it produces refrigerators, washing machines and televisions) and transferring production to Uzbekistan at the Artel facility.
All exportation of cars to Russia and importation from Russia are suspended.
Suspends retail and e-commerce operations in Russia. Adidas said it would suspend sales in Russia, cutting 1 percent of expected revenue growth this year. The company has about 500 stores in Russia and the countries of the former USSR.
Transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.
Cisco is stopping all business operations, including sales and services, in Russia and Belarus for the foreseeable future. There are no statement about local manufacturing. A purportedly leaked Russian customs database shows around 500 shipments of Cisco gear arriving in Russia in August, months after the networking giant halted its business operations in that country. In January 2023, the manufacturer of network equipment and software products Cisco Systems "physically destroyed" its material and production stocks in Russia in the amount of 1.86 billion rubles due to the cessation of sales. These are mainly spare parts, however, other property is also subject to destruction, including the IT equipment itself, according to the accounting reports of one of Cisco's legal entities in the Russian Federation - Cisco Systems.
suspended shipments to Russia except for humanitarian medical products
The company suspended shipment of retail products to customers based in Russia and Belarus, and will no longer be accepting new Russia and Belarus-based AWS sign-ups and Amazon third-party sellers. It is also suspending access to Prime Video for customers based in Russia.
Cards issued by Russian banks will no longer be supported by the Mastercard network regardless of where they’re used - inside or outside of Russia. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs. All domestic transactions in Russia are processed by the central bank and Mastercard cannot block them. Also, the company has lost $30 million in 2022 due to the suspension of activities in Russia, as reported in its financial statements for 2022.
The company pauses its business in Russia. Import to Russia is suspended and all shops are closed.
The company stops supplies of technology, software and movies distribution.
The company suspends all FedEx services in Russia and Belarus.
There are no press-releases, but the company released a service alert that shipment to Russia and Belarus were temporarily suspended.
The company suspends of all sales, support, and professional services in Russia and Belarus.
According to reports in the press, the company temporarily stops delivery to Russia due to problems with payment and logistics.
Stops business operations. Cards issued in Russia and Belarus are not serviced abroad. Cards issued abroad are not serviced in Russia and Belarus. Cards continue to work inside the countries.
The company decided to stop soliciting any new business or clients. The company continue to reduce the remaining operations in Russia and expand the scope of the exit process but cautiously returned to the market for Russian government and corporate bonds and buy Russian debt. Citigroup on Friday, October 14 announced plans to shut down its institutional banking operations in Russia as Vladimir Putin’s assault on Ukraine stretches into its seventh month. Finding a buyer for Russian business proved near impossible. After exhausting all options, in August 2022 Citi started winding down both consumer and local commercial banking businesses in Russia, selling select consumer banking portfolios where possible and making sure their colleagues, clients and partners were supported during the wind down process. Continue to work with multinational clients to end nearly all institutional banking services by the end of Q1 2023. At that point, only operations in Russia will be those necessary to fulfill the remaining legal and regulatory obligations. Also, it was analized that Citibank cannot be sold due to problems with the IT system.
The company is demoting posts containing links to Russian state-controlled media on Facebook. Stories that contain a link sticker pointing to a Russian state-controlled media website on Instagram will be placed lower in the Stories tray. Suspend Russian advertising
The company stopped selling products to Russian companies to comply with US sanctions.
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.
Initially, Hyundai Motor Manufacturing Russia have suspended until further notice due to ongoing global logistics issues with components delivery. South Korea's Hyundai Motor is considering options for its suspended Russia operations that could include selling its manufacturing plant there, South Korean media reported. Hyundai, South Korea’s third-largest conglomerate, said it had not decided the future of its Saint Petersburg facility following a news report that negotiations to sell the plant were in the final stages. Transactions on the sale of Russian assets of Hyundai and Volkswagen are close to completion and are included in the agenda of the upcoming meetings of the Law Commission on Foreign Investments. The Russian government has reportedly rejected Hyundai Motor's application to sell off its Russian plant. As Toyota, Nissan, Renault, and Volkswagen have already said their goodbyes and left Russia, Hyundai has become the only global carmaker remaining there. With the possibility of a prolonged war looming, Hyundai is expected to seek a new exit strategy as it is difficult to sustain itself locally.
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. IKEA has now let go around 10,000 employees in Russia as it makes its exit from the country. Swedish furniture giant IKEA said it had sold its factory in the Russian city of Novgorod to local firm Invest Plus, more than a year after pausing its activities in Russia over the conflict in Ukraine.
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.
Initially suspended passenger car tire plant operation and freezes all new capital investment and also suspended export to Russia. Then, at the end of October 2022 Japanese tyremaker Bridgestone decided to exit Russia, seeks for a local buyer.
Shut down business in Russia
Halting production at some plants/reviews. Suspended all operations in Russia. The deal for the sale of Michelin's Russian assets is close to completion, the buyer is the distributor of tires of this and other brands Power International Tires LLC. French tyre maker Michelin said on Friday 26.05.2023 it was selling its activities Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tire distributor in the country. The agreement, approved by local authorities, will save 250 jobs, mainly based in Davydovo, the group said in a statement.
The company provides $ 1 million. for humanitarian needs. The American company Kellogg, which had previously stopped deliveries of popular Pringles chips to Russia, decided to leave the country completely. The company will sell three factories in Voronezh, Pskov and Vyazma to the Russian GC Chernigolovka.
The company is taking steps to pause all the businesses in Russia. This includes content and product licensing, Disney Cruise Line activities, National Geographic magazine and tours, local content productions and linear channels. Pause new content releases, Disney Channel Russia stops broadcasting, replaced by local kids’ TV channel.
Exit Russia
Wind down business in Russia, taken steps so that RT content is not available via services provided by IBM Cloud. The Russian "daughter" of IBM - LLC "IBM Vostochnaya Evropa/Asia" - completed its commercial activities at the end of 2022. This is stated in the company's message.
Continues to work. Breaks ties with sanctioned banks. HSBC agrees deal to sell Russian unit to Expobank. The South China Morning Post reported on Monday, October 17, 2022 that Hongkong and Shanghai Banking Corporation (HSBC) had sent a letter to most of its Russian clients in the city over the suspension of retail investment services because of sanctions enacted by the European Union. However, the suspension would not affect clients’ personal savings accounts or other personal banking needs, the report noted.
Netflix temporarily stopped all future projects and acquisitions in Russia, it is also suspended its service in Russia.
The company does not have a material business in Russia. Through resellers and other channels the company have a very small number of Russia-based customers. Salesforce began exiting those relationships.
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". The French company sold its stake in Russia’s largest automaker for one ruble, with the option of returning within six years.
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 and seeks buyer for its Russian plant in Kaluga. As of February 1, 2023, the group officially announced only its intention to sell the Russian business of the manufacturer of luxury cars Porsche. By the end of 2022, VW's cargo division - a subsidiary of Traton Group - transferred the assets of local "subsidiaries" of truck manufacturers Scania and Man to Russian brand dealers. The fate of the group's subsidiary bank in Russia also remains unknown. In March 2022, Volkswagen Bank, whose assets at the end of 2021 amounted to about 40 billion rubles, stopped issuing loans. Official websites in Russia (https://vwgroup.ru/ and https://www.volkswagen.ru/ru) are active for Russian IP addresses and it says that "Volkswagen brand website is currently unavailable from outside Russian Federation." if to use VPN. Volkswagen has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said, ending months of wrangling with Russian authorities over the deal.
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
Exit Russian market. Siemens has already sold 4 large factories (SIMENS ENERGETIKA TRANSFORMATORY LLC, Siemens Gas Turbine Technologies LLC, Siemens Transformers LLC, and Siemens Finance LLC). The Group's assets still remained in the Russian Federation in 2022 (in total, they had more than a dozen legal entities), but a clear trend towards exit is visible. In April 2023 finalized sales of assets.
Ford Exits Sollers Ford Joint Venture In Russia Following Seven Month Suspension of Operations. The production line at the Sollers automobile plant in Vladivostok will be launched in 2023 together with partners from China.
Left Russia completely. On 30 June the legal agreement for the departure of the firm in Russia from the PwC Network was signed. 'We can confirm that today (4 July 2022) all aspects of the departure of the former PwC firm in Russia have been completed and PwC no longer has a firm in Russia'. 12.07.2022: "TUST TECHNOLOGY AUDITORS AND CONSULTING GROUP" JOINT STOCK COMPANY becomes the new founder of the organization. 04.06.2022: A record of the founder of limited liability company "PricewaterhouseCoopers" Auditing Service "Limited Liability Company "Technologies - Auditing Services" is deleted by the new founder of the organization, 03.06.2022: Full name changed from JOINT STOCK COMPANY "PricewaterhouseCoopers Audit" to JOINT STOCK COMPANY "TEHNOLOGII DOVERIA - AUDIT", 17.05.2022: the full name was changed with the limited liability company "PricewaterhouseCoopers Consultation " LIMITED LIABILITY COMPANY "TECHNOLOGIES OF TRUST - CONSULTATION"
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
Company did advanced steps of transferring ownership of its KFC restaurants, operating system and master franchise rights, including the network of franchised restaurants, to a local operator. American holding Yum! Brands, which owns KFC, has entered into an agreement to sell 70 of its Russian restaurants and master franchise rights to a local partner, Smart Service Ltd. businessmen Konstantin Kotov and Andrey Oskolkov. The new owner was obliged to gradually rebrand all KFC establishments in Russia into Rosticʼs, signs will begin to change from 2023. Yum! Brands has completed its exit from the Russian market by selling its KFC business in Russia to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Andrey Eduardovich Oskolkov. Under the terms of the deal, Smart Service (a former local KFC franchisee) will leave the employees of Russian KFC restaurants and lead the process of rebranding all KFC outlets in Russia. All catering outlets will be renamed from KFC to Rostik's.
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 production in Russia. Mercedes on 26/10/2022 announced its intention to leave the Russian market. Stopped manufacturing and exporting and will sell shares in subsidiaries. Putin Gives Mercedes Approval to Sell Russian Financial-Services Business. Final sale of financial-services and industrial assets is expected by the end of February 2023. The deal is closed in April 2023.
Stoped business in Russia and Belarus. 26.05.2022: Alexander Viktorovich Ilyin is no longer the organization's CEO, Pavel Anatolyevich Balashov becomes the organization's new CEO. 23.05.2022: The entry about the founder of Deloitte AUDIT LLC has been deleted. LLC "DRT AUDIT" becomes the new founder of the organization
Societe Generale ceases its banking and insurance activities in Russia and announces the signing of a sale and purchase agreement to sell its entire stake in Rosbank and the Group’s Russian insurance subsidiaries to Interros Capital. The French Societe Generale estimated the loss from the sale of its bank in the Russian Federation at 3.3 billion euros
Exit and no longer have a brand presence in Russia. Starbucks set to sell Russian business to restaurateur Anton Pinskiy
Wind down all business. SYSTEMS SENSOR TECHNOLOGIES was sold on 20/10/2022.
Nvidia had already suspended shipments to Russia but kept a presence there “to support our employees and their families,” the company said in a statement Monday, 3 October 2022. Now it is “ceasing all activities” in the country, Nvidia said. Nvidia has officially left Russia, follows from its reporting for the third quarter of 2022. It has been working in Russia since 2003.