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
The company announced the suspension of the sale of Pepsi-Cola, 7Up and Mirinda (replacing them with Evervess and Frustyle). 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 National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war. SAS is taking swift action and have already announced a boycott of Pepsi products due to their continued business in russia and financially fueling Russia's war. In 2024, the American company PepsiCo started the operation of the first phase of the factory of snacks and salty snacks in Russia, near Novosibirsk. Despite the war, the company has been operating in Russia for over 60 years, and opened a new plant with a production capacity of 60,000 tons per year. The American company PepsiCo wants to register the Rockstar trademark in Russia for the sale of beverages. The application was submitted to the agency on April 30, 2025 and PepsiCo is listed as the applicant. According to the documents, the company under this name wants to produce and sell various beverages in Russia: water, energy drinks, fruit juices.
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. On January 26, 2024 the Swiss company Nestle (brands Pro Plan, Purina One, Gourmet, Darling, Felix) warned suppliers about another increase in prices for cat and dog food starting in February.
Provided humanitarian support to Ukraine. LLC "SPAR Tula" was sold to an individual/individuals but the rest of their services in Russia (application at Apple Store, website https://myspar.ru/) are successfully working and developing. 200 supermarkets of the most convenient formats are still openned in 12 regions of Russia and continue to use the brand. 12.2023: Yuri Vasilievich Markin becomes the new founder of one of the local organization(LLC "SPAR MIDDLE VOLGA"). The entry about the founder of UK ROZNITSA LLC has been removed from the Unified State Register of Legal Entities. But the new owners are still using the SPAR franchise. In August 2024, new stores were opened in Moscow. The company continues to work in Russia. Revenue increased in 2024 vs 2023.
The company promised to stop new investments in Russia. It is continuing to work in Russia, and are taking all required measures to ensure an uninterrupted supply of medicines. Despite the statements of international pharmaceutical companies about the suspension of new tests in Russia after the start of military operations in Ukraine, the British-Swedish AstraZeneca will conduct a study of a new drug for the prevention of COVID-19 in the Russian Federation, which is necessary before its registration. AstraZeneca has spent about £45 million to pay Russian doctors since Moscow invaded and its chief said ‘medicines are never under sanctions’. AstraZeneca was the main sponsor of a major summit on bringing European businesses back to Russia - the 21st Association of European Businesses in Russia event. Revenue increased in 2024 vs 2023 by more than +30%.
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. Taiwanese MSI became the leader in laptop sales in Russia, overtaking Asus and Huawei.
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, L'Oreal promised to suspend the sales of all products except essential daily products. The share in sales through own websites is minimal. After the suspension, L'Oreal increased cooperation with other sites, including sanctioned ones. The company officially works in Crimea. Advertising expenses were not stopped - all investments were suspended for only 2-3 months. Now everything has been restored and even increased. The delivery of goods through Turkey and Kazakhstan was arranged. L'Oréal announced on November 26, 2023 that its factory in Kaluga, central Russia, within the group, is maintaining its operations in Russia to avoid a takeover by local authorities. L'Oreal rented a new office in the business center "AFI Gallery" in the center of Moscow.
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. The pharmaceutical company Pfizer has not ceased and continues its activities in Russia despite everything, its press service told RBC. This is how the company responded to the inclusion of the company by the Center for Strategic Research (CSR) in the list of foreign enterprises that have no chance of returning to the Russian market. "Pfizer has been providing uninterrupted supplies of medicines for patients in Russia for all these years," the company said.
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. The Polish plant of the South Korean LG began to install Smart TV software adapted for the Russian market on the TVs it produces. Russian online cinemas are pre-installed on the devices supplied by parallel import and there is support for the voice assistant "Alice". Significantly decreased revenue in 2023 vs 2022. Home appliance manufacturer LG has relaunched its application for viewing LG Channels TV channels in Russia. Previously, the Ukrainian Megogo was responsible for developing the application of the South Korean brand, but after February 2022 the company stopped supporting it in the Russian Federation. The new application was presented by the LG development center in St. Petersburg. This is not the first time that a Korean company has shown interest in the Russian market, to which it has not officially supplied products for three years. According to Russian media reports on September 12, 2024, LG, which has withdrawn from the Russian market, has recently applied to register a trademark for cosmetics in Russia. LG Electronics Inc. has resumed work at its home appliance plant in Russia amid prospects for a ceasefire between Russia and Ukraine, marking the return of South Korean companies to the market after nearly three years.
AbbVie has temporarily suspended operations for the aesthetics products in Russia and paused the start of new clinical studies. Other operations are continued. Revenue increased in 2024 vs 2023 by more than +50%.
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. Later, the American developer of software for working with graphics and video Adobe automatically extended licenses for users in the Russian Federation for free due to the difficulties of paying with Russian bank cards.
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 bank's 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 suspends non-essential business activity in the country, including all new investments, business development and advertising. So far, the only product (treatment of diabetes) left on the Russian market is the American Abbott.
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.
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 Scenari Holding, registered in the United Arab Emirates, became the main owner of "Leroy Merlin Vostok", the Russian structure of the chain of stores, according to the data of the EGRUL. 12.2023: The record about the founder of JSC "BRICOLAGE INVESTISSMAN FRANCE" has been deleted from EGRUL. SCENARI HOLDING LP (UAE) becomes the new founder of the organization. 19.12.2023: The status of a legal entity is changed to "The legal entity is in the process of reorganization in the form of joining it with other legal entities." In the course of a detailed investigation, it turned out that the company signed a technical agreement on the alleged sale of the main business in Russia (SCENARI HOLDING LP from the UAE), but the CEO (Defassier Laurent, Louis, Claude) stayed the same since 2019, the company signs new contracts with the group and authorities of the Russian Federation (including the Ministry of Defence and the Ministry of Internal Affairs), trademarks are extended in Rospatent until 2031. In addition, as the L'Express investigation showed, SCENARI HOLDING LP has the same General Director as in Russia - Laurent Defassier, so the company used a tax optimization scheme, also called layering. Also, most of the imports in 2023 by Leroy Merlin Vostok in Russia was received from ADEO. The French chain of DIY stores Leroy Merlin made a fifth of its sales and a quarter of its profits in Russia last year, according to financial data from its parent company Adeo seen by AFP on Monday, August 12, 2024. In its 2023 consolidated accounts filed with the Lille business court, Adeo said the transfer of control over operational activities was completed fully only at the end of December 2023. However, it said Adeo remains a "passive investor", and that conditions had not been met for it to deconsolidate the operations from its 2023 accounts, including retaining share capital as of the end of the year.
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. The Russian authorities are "losing patience" with electronics manufacturers Samsung and LG and are preparing to ban their equipment in the country because they refuse to sell their plants in the Kaluga and Moscow regions. And although Russian vendors, including Lex, Kuppersberg, Schaub Lorenz and others, were actively interested in buying these capacities, they could not come to an agreement, since South Korean manufacturers do not give in on the price. Decreased revenue in 2023 vs 2022. Samsung Electronics said a decision on whether to resume business in the country has not yet been made. “Samsung Electronics’ smartphone and home appliance business remains suspended in Russia, and whether we will resume operations there has not yet been decided,” a Samsung spokesperson said.
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. Revenue decreased in 2024 vs 2023 by more than -20%.
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. The Coca-Cola Company's statement meant that direct official sales of Coca-Cola, Fanta, Sprite and other brands in Russia are no longer possible, even though the American company itself has never engaged in them. Ten Russian Coca-Cola plants were owned, bottled and sold by a separate independent company — Coca-Cola Hellenic Bottling Company (HBC), registered in Switzerland. The American Coca-Cola Company owns 21.3% of its shares. The profits of Multon Partners LLC, the Russian division of Coca-Cola HBC Holdings B.V., totaled 10.25 billion roubles (a little over $111 million) in 2023 — more than four times more than in 2022 (2.3 billion roubles), according to the company's financial statements. Back in March 2022, almost immediately after Russia launched its full-scale invasion of Ukraine, Coca-Cola announced that it was suspending its business in the country. Its chief competitor, PepsiCo, issued a similar statement. However, leaving the Russian market behind proved to be easier said than done. Slightly decreased revenue in 2023 vs 2022.
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. 07.2023: FEDERAL STATE UNITARY ENTERPRISE "CENTRAL ORDER OF LABOR RED BANNER SCIENTIFIC RESEARCH AUTOMOBILE AND AUTOMOTORNY INSTITUTE "NAMI" becomes the new founder of the organization. The record about the founder of JSC "TOYOTA TSUSE CORPORATION" has been deleted. The record about the founder of JOINT-STOCK COMPANY "TOYOTA BOSHOKU YUROP" was deleted. Toyota plant in St. Petersburg transferred to Aurus. Significantly (4x! times) decreased revenue in 2023 vs 2022. The dealer holding SP Business Car (94% of the company belongs to Toyota Motor) is again selling new cars of the Japanese brand. This follows from the announcements of the Moscow car dealership. Revenue stabilized in 2024 vs 2023.
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.
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. 25.09.2023: The full name was changed from PHILIPS HOME EQUIPMENT LLC to VERSUNI LLC | The entry about the founder PHILIPS DOMESTIC APPLAINSIS HOLDING B.V. has been deleted. The entry about the founder PHILIPS DOMESTIC APPLAINSIS NETHERLAND B.V. has been deleted. VERSUNI HOLDING B.V. becomes the new founder of the organization and VERSUNI NETHERLANDS B.V. becomes the new founder of the organization - internal deal. Philips is not trying ot leave as it took half a billion RUB in loans in war year 2022 and invested it in fixed assets. Household appliances from Bosch, Delonghi and Philips, produced for the Ukrainian market, began to be supplied to the Russian Federation and sold through marketplaces and electronics store chains. Philips struck a deal with the Chechnyan ministry of health in July, 2023. They've transformed the Russia branch to a medical supplier, and in that light they don't mind doing business with Kadyrov (a photo with Kadyrov's son-in-law and a Russian Philips manager right after they signed an agreement was published in Instagram feed about the deal).
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. "Merrill Lynch Securities" (part of the Bank of America group) is put up for sale.
TikTok suspended live streaming and new content of the video service in Russia to comply with the new Russian law. The EU may fine TikTok if it proves that the platform poses risks to children.
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. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database but X (Twitter) remains.
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. By the end of 2023, Hyundai Motor will close its local plant, which once contributed to the automaker's high sales in Russia. By the end of 2023, Hyundai Motor will close its local plant, which once contributed to the automaker's high sales in Russia. South Korea's Hyundai Motor plans to sell its plant in Russia for a nominal 7,000 roubles ($77.67), making it the latest global automaker to sell Russian assets since the outbreak of the war in Ukraine. Hyundai Motor, in a regulatory filing, said it would take a 287 billion won ($219.19 million) loss on selling the plant, in which operations have been suspended since March 2022. The Russian company Art-Finance, which owns the former Volkswagen plant in Russia, has closed a deal to acquire the Hyundai plant in St. Petersburg. Significantly decreased revenue in 2023 vs 2022. 15.01.2025: The entry about the founder of ART-FINANCE LLC has been removed from the Unified State Register of Legal Entities. AGR HOLDING LLC becomes the new founder of the organization HYUNDAI MOTOR MANUFACTURING RUS LLC. Hyundai is exploring a return to the Russian market amid expectations of a quick ceasefire in Ukraine after Trump-Putin talks. Recently, there have been rumors suggesting that Kia, a subsidiary of Hyundai Motor Group, plans to re-enter the Russian market. However, industry sources and local media reports clarified that these rumors are unfounded. Kia has strongly denied any plans to return, stating that such claims are “not true.” The Hyundai Motor Group further explained that the sales figures announced at the ‘2025 CEO Investor Day’ pertain to the entire Commonwealth of Independent States (CIS), not specifically Russia. The CIS includes countries like Kazakhstan and Uzbekistan, which are part of Kia’s broader sales strategy. Hyundai has officially stated that it has not made any decision to resume business in Russia. A company representative confirmed that the situation is being closely monitored, but no specific steps are currently planned. At the same time, the article highlights that Hyundai has registered several new trademarks in Russia, which may indicate an intention to maintain legal and market presence in case conditions become favorable for a return. It also notes that the buyback option for the St. Petersburg plant remains valid through the end of 2025. Conclusion: While Hyundai publicly denies any immediate plans to return, its actions (trademark registrations, preservation of asset re-entry rights) suggest a strategic holding pattern that would allow for a quick re-entry into the Russian market if geopolitical circumstances change. Revenue increased in 2024 vs 2023 by more than +50%.
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 American General Electric (GE) will not be able to continue servicing gas turbines for the heat of power plants with a total capacity of 5 GW in Russia due to sanctions.
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. The National Agency on Corruption Prevention (NACP) included the Chinese group of companies Alibaba Group Holding Limited, which owns the largest online commerce platform AliExpress, on the list of "international war sponsors". The reason for this decision in NAZK was called the continuation of the company's work in Russia, in particular, the provision of a platform for the sale of goods produced by the Debaltseve plant of metallurgical engineering in the DPR. The Chinese company Alibaba, which owns the AliExpress marketplace, has tightened conditions for Russian business: it has stopped accepting rubles and does not allow delivery to Russia.In 2022, Alibaba stopped investing in the Russian subsidiary of AliExpress. In 2023, the company's revenue in Russia decreased by 36%, to almost 10 billion rubles.
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 German automobile concerns Mercedes-Benz and BMW disconnected Russian dealers from the software, which was used for car maintenance. Significantly decreased revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%. BMW Bank, a subsidiary of BMW Group, continues to operate in Russia.
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. Significantly decreased revenue in 2023 vs 2022 (more than 5.8x! times). The Ministry of Industry and Trade has permitted parallel import of Kia and Hyundai spare parts. Kia may be the first global car company to return to Russia. The Korean concern has included Russia in its updated sales plan. Recently, there have been rumors suggesting that Kia, a subsidiary of Hyundai Motor Group, plans to re-enter the Russian market. However, industry sources and local media reports clarified that these rumors are unfounded. Kia has strongly denied any plans to return, stating that such claims are “not true.” The Hyundai Motor Group further explained that the sales figures announced at the ‘2025 CEO Investor Day’ pertain to the entire Commonwealth of Independent States (CIS), not specifically Russia. The CIS includes countries like Kazakhstan and Uzbekistan, which are part of Kia’s broader sales strategy. Revenue significantly (by more than -50%) decreased in 2024 vs 2023. On June 17, 2025 representatives of the South Korean concern Kia held talks with Russian car dealers, revealing their intention to restore their official presence in the domestic market. According to the announced plans, the Korean manufacturer expects to launch deliveries in 2026 and increase annual sales to 100 thousand vehicles over a three-year period.
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. Russia's state communications regulator Roskomnadzor has added Amazon Web Services and 11 other foreign technology companies to a widened list of firms it wants to open local offices or face penalties and possible bans. A magistrate in Moscow imposed a fine of more than 200 million rubles on the American company Amazon. for an administrative offense. It is due to the company’s lack of representative office in the Russian Federation.
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. Revenue dropped to 0 in 2023. From January 1, 2025, security certificates for some Visa and Mastercard cards in the Russian Federation will no longer be valid.
All exportation of cars to Russia and importation from Russia are suspended. The car plant in Kaluga, which had been shut down since April 2022, resumed production of French Stellantis cars: the Automotive Technologies company with little-known owners launched the assembly of the Citroen C5 Aircross. According to customs data, vehicle kits for assembly come from China from the Dongfeng Peugeot-Citroen Automobile plant. The Stellantis concern in February announced that at the end of 2023 it was no longer related to both the joint venture in China with Dongfeng and the plant in Kaluga, control over which it considered lost. The Automotive Technologies company announced the start of sales of crossovers under the Citroen C5 Aircross brand, assembled at the PSMA Rus plant in Kaluga. Production began in March without permission from the European company Stellantis, which owns the rights to the brand. She left Russia after the start of the war in Ukraine.
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. Adidas announced closing its stores in Russia shortly after the invasion in 2022. The customs records indeed show that shipments of Adidas products stopped as well. However, the shipments have resumed in October of 2022 and by value have easily exceeded pre-invasion levels. Comparing total shipments for Adidas trademark for the last three years leads to a clear conclusion: after the invasion and the Adidas announcement of leaving Russia the imports drastically reduced from the total $195.3 m in '21 to $64 m in '22. Yet toward the second part of '23 the volume has been restored, so the total for that year was $198.7 m. Revenue decreased in 2024 vs 2023 by more than -20%.
The company pauses its business in Russia. Import to Russia is suspended and all shops are closed. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect. The bulk of indirect shipments after the invasion is traded by Switzerland. Revenue decreased in 2024 vs 2023 by more than -10%.
According to reports in the press, the company temporarily stops delivery to Russia due to problems with payment and logistics.
According to press reports, the company stops exporting cars and components to Russia. There is no official statement of the company. 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. Significantly reduced revenue in 2023 vs 2022.
The company promised to stop 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. Due to a decrease in demand for premium smartphones from Apple and “uncontrolled supplies” of parallel imports, an oversupply of smartphones has developed on the market, primarily the iPhone 14 and 13. At the end of spring 2023, some iPhone models even fell in price by 6-10%. The American company Apple has published new rules for Russian app developers, allowing their users to use external payment methods for making purchases without Apple's involvement. Federal Antimonopoly Service (FAS) of Russia: "Apple paid a fine of 1.1 billion rubles (~$13mn) to the Russian budget. In July 2022, the service found the company to have violated antitrust laws. Apple prohibited iOS app developers from informing in-app customers about the ability to pay for purchases outside the App Store, as well as from using alternative payment methods.” Significantly decreased revenue in 2023 vs 2022. Russian authorities are negotiating with Apple about pre-installing the RuStore app store on devices sold in Russia - thus, applications of Russian banks blocked in the App Store may "soon" return to the iPhone.
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. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database. Meta bans Russian state media for 'foreign interference', including Russia Today. Russian lawmakers say 'security threat' WhatsApp should prepare to leave Russia.
PayPal services in Russia were suspended. PayPal to charge russians a fee for servicing inactive accounts.
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.
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. The Visa payment system, which had previously left the Russian market, submitted an application to Rospatent for registration of two new trademarks. From January 1, 2025, security certificates for some Visa and Mastercard cards in the Russian Federation will no longer be valid.
The company suspends of all sales, support, and professional services in Russia and Belarus.
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. Citibank will suspend the purchase of dollars and euros at the box office. Citibank is winding down its ATM network in Russia. American Citibank, one of the largest Western banks on the Russian market, which was in the top 20 in Russia by asset size, is winding down its operations. From November 15, 2024 the bank's Russian subsidiary will close its last operating branch that worked with retail clients. Citigroup probed by US over ties to sanctioned Russian billionaire Kerimov. Citibank, the Russian subsidiary of the American financial giant Citigroup, is taking the unprecedented step of forgiving outstanding loans for around 1,000 clients as it prepares to exit the Russian market. The bank began notifying clients via email about the forgiveness of debts, prompting questions about the strategic move as it consolidates its retreat from the region. Citibank, the Russian subsidiary of US banking giant Citigroup, will end its operations in Russia on November 1, 2025 marking the final step in its exit from the country.
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. Partial exit (had 4 companies). 07.2023: The record about the founder of CONSTRUCTION RESEARCH AND TECHNOLOGY GMBH has been deleted. The record about the founder MASTER BUILDERS SOLUTIONS DEUCHLAND GMBH has been removed. MBSS HONG KONG LIMITED becomes the new founder of the organization. MBSS HONG KONG ESTABLISHMENT LIMITED becomes the new founder of the organization. President Vladimir Putin signed an order authorizing Lakra Sintez, one of the largest manufacturers of paints and varnishes in the Russian Federation, to buy 100% of shares in BASF Vostok, a subsidiary of the German concern BASF in Russia. Significantly decreased revenue in 2023 vs 2022. 06.2024: LAKRA SINTEZ LLC becomes the new founder of the organization LLC "BASF Vostok". The entry about the founder of BASF COATINGS GMBH has been removed from the Unified State Register of Legal Entities.
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. Intesa closer to gaining Moscow's OK for Russia asset transfer. The largest Italian bank, Intesa Sanpaolo, has decided to close its representative office in Moscow, although it was unable to obtain permission to completely withdraw from Russia due to restrictions on the sale of assets. Banca Intesa has increased the fee for legal entities to open euro accounts tenfold.
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. 12.2023: The legal entity Cisco Systems LLC was liquidated. Partial exit, there is 1 more company.
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 Russian subsidiary bank of the American JP Morgan Chase, which announced the winding down of its operations in the country back in March 2022, became the largest foreign investment bank in Russia in terms of assets at the end of January–September 2023. The bank's assets overall grew more than fourfold over the past two years. A Russian court has ordered the seizure of JPMorgan Chase funds totalling $439.5mn a week after Kremlin-run lender VTB launched legal action against the largest US bank to recoup money stuck under Washington’s sanctions regime. JPMorgan Chase warns bank’s assets may be seized in Russia after $1,460,000,000 write-off. Goldman Sachs and JPMorgan in February 2025 started to offer investors ruble-linked derivatives.
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. The Russians continue to create combat drones using technologies from Intel, Raspberry, and other Western companies. According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA). Intel Corporation has sold its Nizhny Novgorod office - the largest in Russia. Intel Corporation, headquartered in California, registered the Intel Tiber trademark in early April 2025. According to the company's card, it plans to sell computers, processors, servers, software, including for 3D visualization, modeling and rendering, and equipment with artificial intelligence technologies in Russia under this brand. In total, there are more than 30 product items. The exclusive right to the trademark, according to a document on the Rospatent website, is valid until 2034. Shipments of American Intel processors in 2024 compared to 2023 decreased by 95%, to 20 thousand units (443 thousand in 2023), in monetary terms the figure decreased by 94%, to 297 million rubles (5.4 billion rubles).
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. The German supplier of industrial software SAP stops supporting its solutions in Russia. The developer's clients have already started to transfer the technical support of their systems to local IT companies. However, there is still no full-fledged analogue of SAP in Russia. Significantly decreased revenue in 2023 vs 2022. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
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. Disney and Sony received £13.5m in payments from Russian joint venture after Ukraine invasion despite suspension of operations in the country. The Moscow-based company responsible for marketing and distributing films in Russia made by the two studios paid out £13.1m in dividends in March 2022, a month after Russia invaded Ukraine. An analysis of recently filed accounts shows a further £440,000 was paid between July and December 2023. The money was paid by Moscow-based Walt Disney Studios Sony Pictures Releasing (WDSSPR) to Eastern European Holdings (EEH), a joint venture between Disney and Sony’s London-based Columbia Pictures unit. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Shut down business in Russia. The Russian subsidiary of the American HP Inc. — LLC "HP Inc." — has initiated the liquidation process, according to data from Fedresurs. The HP company left the Russian market early: the operational activities of the Hewlett-Packard (HP) company in the Russian Federation were terminated early, although this was supposed to happen in May. The support service and services for customers stopped working regularly. The Russian site with a redirect to Kazakh is also disabled. The last deliveries to customers in the Russian Federation were in February 2024. In parallel with this, the liquidation of the company's Russian representative office - HPI Inc. LLC took place. But another legal entity, LLC "HEWLETT PACKARD ENTERPRISE" (tax id 7743098542) continues to work. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
The company suspended all new sales of Microsoft products and services in Russia (but continue existing access) 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. Russian companies will soon not be able to use official Microsoft products. Since October 1, 2023 the corporation no longer extends licenses for its software. Microsoft has again opened access to Windows and Office updates for Russians without using a VPN. You can install them in two ways: from the company's official website or through the appropriate menu of the OS/software package. Significantly reduced revenue in 2023 vs 2022. Microsoft started to cut off russian companies from cloud services. Microsoft continues to reduce its presence in Russia, closing 13 branches and divisions in December 2024 and January 2025. The main legal entity of Microsoft Corporation, Microsoft Rus LLC, intends to file for bankruptcy, according to Fedresurs data. To do this, the company will apply to the Moscow Arbitration Court. The Microsoft Rus financial statements for 2024 stated the opposite - at that time, Microsoft did not plan to liquidate the Russian legal entity. Revenue decreased in 2024 vs 2023 by more than -20%.
The company stops supplies of technology, software and movies distribution. Cameras of the Japanese brands Canon, Fujifilm, Sony and batteries of the American Duracell will be included in the list of parallel imports. Revenue of JSC "SONY ELECTRONICS" in Russia significantly (-82%) dropped in 2023 vs 2022. Disney and Sony received £13.5m in payments from Russian joint venture after Ukraine invasion despite suspension of operations in the country. The Moscow-based company responsible for marketing and distributing films in Russia made by the two studios paid out £13.1m in dividends in March 2022, a month after Russia invaded Ukraine. An analysis of recently filed accounts shows a further £440,000 was paid between July and December 2023. The money was paid by Moscow-based Walt Disney Studios Sony Pictures Releasing (WDSSPR) to Eastern European Holdings (EEH), a joint venture between Disney and Sony’s London-based Columbia Pictures unit. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Promised to suspend all shipments to Russia. Stop domestic services within Russia, effective September 1st, 2022. Deliveries from Russia remain. On November 1, logistics operator DHL increased delivery rates, additional services and fees, as well as customs declaration services in Russia by an average of 35%. Significantly reduced revenue in 2023 vs 2022. 15.11.2024: One of the legal entity, DHL GLOBAL FORWARDING CUSTOMS LLC, was liquidated.
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.
Netflix temporarily stopped all future projects and acquisitions in Russia, it is also suspended its service in Russia. In a remarkable move, major digital platforms TikTok and Netflix have suspended their services in Russia, a response to the country’s newly enacted ‘fake news’ law.
Exit Russia. Sports brand Nike has decided to leave the Russian market. The supply of products has been discontinued. The American brand, which worked in Russia for 18 years, with the beginning of the Great War, unlike Adidas, quickly left the Russian Federation. Initially, Nike, which had more than 100 stores in the Russian Federation, did not renew the contract with the largest franchisee in Russia, Inventive Retail Group (IRG), and stopped supplying products. Subsequently, the company decided to leave the market of the terrorist country: the nike.com website and the Nike mobile application are unavailable in the Russian Federation. The sponsorship agreement with the Moscow "Spartak", with which the brand has cooperated since 2005, has also been terminated. Half a year after that, the Lestate distributor bought the rights to rent a Nike outlet in one of Moscow's shopping malls and the company's unsold goods.
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.
Left the Russian market & sold 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: "СLUB HOTEL" LLC becomes the new founder of the organization, The record about the founder "MCDONALDS CORPORATION" has been deleted. The sanctioned senator from Kabardino-Balkaria was named the real buyer of McDonald's Russian business. Kadyrov's associates could become the "shadow owners" of Russian McDonald's. At the beginning of 2025, information appeared on the Internet about the re-registration of the American McDonald's trademarks in Russia. The media of the aggressor country immediately started talking about the company's return to the Russian market after entering in 2022. However, McDonald's denied this information and stated that they regularly renew the ownership of their trademarks around the world. Even in those countries that did not conduct or no longer conduct any activity. The American corporation McDonald's has filed an application for trademark registration in Russia. The company explained that the application for re-registration of the trademark is a systematic step by McDonald's to protect against unauthorized use. And the ownership of trademarks is renewed worldwide, even in countries where McDonald's does not conduct any operations.
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. At the end of July 2024, the French group Societe Generale closed positions related to the group’s presence in Russia through Rosbank, receiving 301 million euros from the deal, according to the group’s financial statements.
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. Siemens and Volkswagen seek compensation from German government over withdrawal from Russian market. Systems LLC (formerly Siemens LLC, the Russian structure of Siemens AG) plans to initiate a voluntary liquidation procedure in February 2024 due to the inability to continue its normal activities related to the import of goods into the Russian Federation, according to the company’s report on the results of 2023. In October 2022, PJSC Inter RAO announced the purchase of Siemens Energy's 65% stake in a joint venture with Power Machines - STGT LLC. Also RAO Intertech B.V. (Dutch structure of Inter RAO) became the owner of the Voronezh Siemens Energy plant - Voronezh Transformer LLC (formerly Siemens Energy Transformers LLC). 04.2024: The legal entity LLC "SMART INDUSTRY SOFTWARE" was liquidated on April 3, 2024.
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"
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. IKEA is phasing out Mondelez products from the department stores. The owner of the IKEA chain has sold its headquarter but is still running malls in Russia (14 shopping centers), has found a buyer. 10.2023: Partial sale - SIBFINANCE LLC becomes the new founder of the organization. The entry about the founder of INGKA HOLDING YUROP B.V. was removed from the Unified State Register of Legal Entities. 25.10.2023: Full name changed from INGKA CENTERS RUS OPERATIONS LLC to MEGA MANAGEMENT COMPANY LLC. IKEA, which announced its withdrawal from Russia after the start of the special operation, extended the registration of its trademark under one of four applications until August 2033, according to Rospatent data. 02.2024: JSC "INVEST PLUS" becomes the new founder of the organization. The Russian court seized IKEA's assets worth 12.9 billion rubles. The company wanted to completely leave Russia. 25.03.2024: The legal entity LLC "IKEA PURCHASING SERVICES RUS" (tax id 5047183743) was liquidated. The Federal Service for Intellectual Property of the Russian Federation (Rospatent) has allowed the Swedish furniture and home goods manufacturer IKEA to re-register its trademark in Russia. The company left the aggressor country after the start of a full-scale war in Ukraine. According to a document that appeared in the Rospatent database, the application was filed back in July 2023, but was approved only now, April 2025.
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.
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. Russian car dealers are suing Renault over the group's exit from the market. Renault does not rule out a return to Russia after the end of Russian military aggression in Ukraine. Luca de Meo says buying back a controlling stake in Avtovaz is not a priority, but it is open to potential business opportunities. AvtoVAZ CEO Maxim Sokolov named the condition for Renault's return: Renault must compensate AvtoVAZ for about 112.5 billion rubles (~$1.3 billion) invested during the years of absence, Sokolov said. The French automaker previously valued its Russian assets at €2.195 billion.
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. 07.2023: JSC "AQUALIFE RESOURCE" becomes the new founder of the organization. The record about the founder KELLOGG LUX VI S.AR.L. was 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. In several locations, including in the shopping center "Gallery Airport", in Moscow, establishments with the KFC sign continue to operate, which means that the company has allowed the use of its trademarks in Russia or there is a violation of copyright.
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
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. After sale and changes in the official register incorporated in May 2023 (VOLKSWAGEN ACTIENGESELSCHAFT, ŠKODA AUTO A.S. and VOLKSWAGEN FINANCE LUXEMBURG S.A. were deleted as owners) "ART-FINANCE" LLC bacame the new owner and key company was renamed from "VOLKSWAGEN GROUP RUS" LLC to "AGR" LLC, which also took over official Instagram account in Russia and it provides service of Volkswagen cars in Russia. New owner of Volkswagen's former plant in Russia to resume car production in H1 2024. 27.06.2024: EXPOFINANCE LLC becomes the new founder of the organization VOLKSWAGEN GROUP FINANCE. The Arbitration Court of the Nizhny Novgorod Region partially satisfied the claim of the Gorky Automobile Plant (GAZ) against the structures of the German automaker Volkswagen for 16.9 billion rubles. The court determined to partially recover from Volkswagen in favor of GAZ JSC 16.908 billion rubles, €40 thousand debt. Russian branch of Volkswagen Bank was sold only at the end of 2024.
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. Bridgestone 'making progress' on Russian withdrawal. S8 Capital closed a deal to purchase Bridgestone assets in the Russian Federation - the company received a plant and tire distributor in the local market. Cordiant takes on former Bridgestone tyre plant in Russia.
Continued to work. Breaked 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. The British financial conglomerate HSBC expects the deal for the sale of its Russian business to be closed in the first half of 2024. HSBC greenlit by US to sell Russian business amid sanctions. Putin allowed Expobank to acquire all shares of HSBC Bank. Expobank JSC successfully closed the deal and acquired 100% of the shares of HSBC Bank (RR) LLC from HSBC Europe B.V.
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. 06.2023: "POWER INTERNATIONAL TIRES" LLC becomes the new founder of the organization. The record about the founder of COMPANY FINANCIAL MICHELIN has been deleted. Products from the French tire manufacturer Michelin find their way to Russia despite EU sanctions.
There are no press-releases, but the company released a service alert that shipment to Russia and Belarus were temporarily suspended. The court fined Airbnb, UPS and Spotify for refusing to localize the data of Russians. 26.07.2024: The legal entity UNITED PARSEL SERVICE (RUS) LLC was liquidated. The second legal entity, UPS SСS (CIS) LLC, has been in the process of liquidation since May 30, 2024. 07.03.2025: The legal entity UPS SCS (CIS) LLC was liquidated.
The company suspends all FedEx services in Russia and Belarus. Parcel delivery firm FedEx Corp said that it has reinstated international priority inbound and outbound services in Ukraine. Its services in Belarus and Russia will remain suspended, the company announced on its website. 28.12.2024: The legal entity TNT Express Worldwide (CIS) LLC was liquidated.
Wind down all business. SYSTEMS SENSOR TECHNOLOGIES was sold on 20/10/2022. The court on the application of Rosbank declared the Russian "daughter" of Honeywell bankrupt.
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. Russian President Vladimir Putin allowed American Express Bank to carry out voluntary liquidation measures in the manner prescribed by the legislation of the Russian Federation. The corresponding order was published on the portal of regulatory legal acts. American Express Bank LLC has a basic license to carry out banking operations with funds in rubles and foreign currencies (without the right to attract deposits of funds from individuals and carry out collection of funds, bills, payment and settlement documents and cash services for individuals and legal entities). The Bank of Russia, by order No. OD-1290 dated 13.08.2024, revoked the banking license of American Express Bank Limited Liability Company American Express Bank LLC (reg. No. 3460, Moscow). In terms of assets, the credit institution ranked 300th in the banking system of the Russian Federation. 18.07.2025: The legal entity AMERICAN EXPRESS BANK LLC was liquidated.
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. Intel has officially joined Apple, which had previously refused to use metals from the Russian Federation in its devices. Google, which produces Pixel smartphones, and Microsoft, which produces game consoles, continue to use Russian tungsten, gold and tantalum in their gadgets. The United States has a ban on tantalum from the Russian Federation, but not a single company has been fined for such imports. Google began to massively block services for Russian companies. The Arbitration Court of Moscow has declared the Russian subsidiary of Google, LLC "Google," bankrupt, with debts totaling 53.6 billion Russian rubles. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database. Russian TV channels' demands to Google reach ₽2 undecillion. A South African court has ordered the seizure of assets belonging to the American company Google International LLC within its jurisdiction. The decision was made to enforce the ruling of the Moscow Arbitration Court, which ordered the return of significant funds to the bankruptcy estate of Google's Russian subsidiary. The dispute arose during the liquidation of Google LLC, which was officially declared insolvent in Russia.
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. Mercedes-Benz and BMW disconnected Russian dealers from the software.
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. At the same time, Russia plans to use banned Nvidia H100 GPUs to build Top 10 Supercomputers. NVIDIA technology found in Russian military drones.
Operations in Russia were suspended. Revenue has significantly dropped in 2022 vs 21. The court declared the division of Oracle in Russia bankrupt. Oracle Corporation, which left Russia, left debts for 1.254 billion rubles. At the end of December 2024, the Russian division of the software developer Oracle filed claims for 172.9 million rubles in the Moscow Arbitration Court against participants in its bankruptcy process.
Exit and no longer have a brand presence in Russia. Starbucks set to sell Russian business to restaurateur Anton Pinskiy. The American company Starbucks suspended the work of all establishments in Russia in March 2022, and in May 2022 announced its decision to leave the market. The chain of coffee houses was acquired by Pinsky, Timati and the Sindika holding company of the senator from Kabardino-Balkaria Arsen Kanokov (he also headed the region in 2005-2013). The deal was closed by the end of July, according to Pinsky, Starbuck's assets were sold for 500 million rubles. In August 2022, the first establishment of the network was opened. Starbucks is returning: the company registers new trademarks in Russia - at the end of May 2024, 8 applications were submitted to Rospatent.