Stop Doing
Business with Russia

Discontinued a number of its cigarette products and reduced manufacturing activity. Suspended marketing activities in the country. The company is working on options to exit the Russian market in an orderly manner. Philip Morris planned to leave Russia by the end of 2022 but later admits it may never sell its Russian business.

Promised to suspend investments, marketing and launch of new products. The company not excluded the possibility of a suspension of its manufacturing operations in Russia. But is still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$1.5bn or +26%).

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.

Still operating in Russia due to "unimaginable leaving from a human point of view" working for the benefit of the civilian population. The latest video investigation confirms that a French company is supporting Russia's war effort in Ukraine. The National Agency for Prevention of Corruption included the French corporation "Auchan" in the list of international war sponsors. "Auchan Retail Russia continues to work on the Russian market and does not plan to change either its strategy or its work organization. Auchan in Russia works autonomously, without investments from the parent company. There are no plans to open new stores. At the same time, all existing stores continue their work and there are no plans to close them," the retailer noted.

The company keeps doing business in Russia as usual. The CEO of the Metro supermarket chain confirmed plans to continue business in Russia. The National Agency for Prevention of Corruption included Metro AG in the list of international war sponsors. Metro emphasized that they are maintaining operational activities in the country. The press service added that the priorities for 2023 are the strengthening of strategic business, expansion of the assortment, services and further digitalization. In addition, it is planned to "expand the geography of presence by opening stores under the "Fasol" franchise in new regions for the company."

Suspend new investment in Russia. Announced Transfer: the company seeks new operator for dairy, plant-based operations. According to the results of January-September 2022, Danone's global revenue grew by 14.9%, up to €20.7 billion, year-on-year, the business of dairy products and plant-based beverages in the Russian Federation accounted for about 5%. Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$294mn or +11%).

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 promised to scale back the business and will refocus in feeding the Russian people and pets. "Any profits from the Russian business will be used for humanitarian causes. The company will not import or export the products. Factories and sales still operating in Russia". Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$432mn or +20%).

The company discontinued all new capital investments in Russia and is suspending all media, advertising, and promotional activity. Product portfolio has been reduced to focus on basic health, hygiene and personal care items. Procter & Gamble Corporation was included in list of international war sponsors by the National Agency for Prevention of Corruption (NAPC) due to continuing presence in Russia.

Chery is ready to organize the release of its cars in Russia. The Chinese car concern can start assembly at another Sollers plant or buy out the assembly facilities.

Continuing to operate food and feed facilities in Russia. Scaling back Russian business. Suspended new investments, unspecified scaling down of non-essential operations. The Russian "subsidiary" of the American corporation Cargill will stop exporting grain from Russia in the next agricultural year. In the letter, the company informs that in the next agricultural season 2023/24 (starting on July 1, 2023 and lasting until June 30, 2024) LLC "Cargill" does not plan to export grain from Russia "in accordance with the earlier discussion of grain export issues and recommendations of the Ministry of Agriculture". At the same time, the company promised that shipments planned for the current 2022/23 season will be carried out ""in full in accordance with the existing quota.

The unprecedented situation leads RBI to consider its position in Russia. We are therefore assessing all strategic options for the future of Raiffeisenbank Russia, up to and including a carefully managed exit from Raiffeisenbank in Russia. RBI and its subsidiary banks continue to operate in compliance with local and international sanction laws. The Russian subsidiary of JSC Raiffeisenbank not only officially recognizes the so-called Donetsk and Luhansk "people's republics", but also provides favorable credit terms to the Russian occupiers in Ukraine. Raiffeisen Bank's Russian branch halts opening of new corporate accounts. The National Agency for the Prevention of Corruption included the Austrian banking group Raiffeisen Bank International in the list of international sponsors of the war for the continuation of the bank's work in Russia and the official recognition of the so-called "DPR" and "LPR". As reported, Raiffeisen paid 4.8 times more to the Russian budget in 2022 than for the entire pre-war year - 559 million euros (~$615million). It should be noted that this is equal to the cost of about 95 Kalibr missiles, with which the terrorist state regularly fires at peaceful Ukrainian cities. In addition, the bank plays along with Russian propaganda, calling the war a "special military operation."

Will exit the Russian market and take a substantial non-cash impairment charge. 03.06.2022: Record about the founder of LIMITED LIABILITY COMPANY "KARLSBERG VOSTOCHNAYA EUROPA" has been deleted. LIMITED LIABILITY COMPANY "HOPPI UNION" becomes the new founder of the organization. Dragging feet on exiting Russia.

Will sell its non-controlling interest in the AB InBev Efes, request regarding the suspension of the license for production and sale of Bud in Russia will also be part of a potential transaction, not sure of other brands. AB InBev Efes has localized production of some popular beer brands in Russia. Largest brewing company AB InBev Efes has localized the production of imported brands Spaten, Franziskaner, Leffe Blonde and Brune.

Agreed to sell its largest plant in Russia to an investor Viktor Kharitonin for $1.6 billion. Mondi also has three much smaller plants in Russia that are not part of the deal. After the withdrawal of Tetra Pak from Russia, Mondi took a leading position in this market, although it initiated the sale of one factory in Syktyvkar. The other three factories owned by Mondi in Russia - Mondi Aramil LLC, Mondi Pereslavl LLC, Mondi Lebedyan LLC - continue to work and recruit new employees. Significantly increased revenue in Russia from $1.166bn in 2021 to $1.345bn in 2022. Was included in the list of international war sponsors by NACP.

Initially, the company promised to scale back all non-essential activities in Russia, discontinue all new capital investments and suspends advertising media spending. But later they announced: "We continue to evaluate the situation in Ukraine and Russia and our ability to control our operating activities and businesses on an ongoing basis, and we continue to consolidate both our Ukrainian and Russian subsidiaries. During the first quarter of 2022, Ukraine generated 0.3% and Russia generated 2.4% of consolidated net revenue and during the first quarter of 2023, Ukraine generated 0.4% and Russia generated 2.8% of consolidated net revenue". Significantly increased revenue in Russia from $928mn in 2021 to $1.343bn in 2022. Was included in the list of international war sponsors by NACP.

Haier itself has no plans to leave the Russian market. In the summer of 2022, Haier announced plans to expand the production of household appliances in Naberezhnye Chelny. The brand's fourth factory will be built here.

The company promised to suspend all imports and exports of its products into and out of Russia, and to stop all media and advertising spendings. Unilever also promised not to invest any further capital into the country nor to get profit from its presence in Russia. Unilever "will continue to supply essential food and hygiene products made in Russia to people in the country". Unilever flags risk it may have to halt Russia operations. As we see in 2023 - the company didn't met it promises, as its local entity in Russia (Unilever Rus LLC or ООО "Юнилевер Русь", tax id 7705183476) generated almost the same volume of local revenue in 2022 (RUB 84.9bn) vs RUB 86bn in 2021 or just 2% less. At the same time, its net profit increased from RUB 4.9bn to RUB 9.2bn or +91%! Also, due to this significant volume of profit, it was able to increase the local capital to RUB 34.5bn in 2022 from RUB 25.3bn in 2021 or +37%. It means that in fact the company reinvested the profit which is equal to investment of the new capital in the country. Moreover, the company will be obliged to pay profit tax (in addition to VAT, taxes from salary and other taxes) and indirectly support Russia's war machine in such a way. Unilever Rus LLC also paid the equivalent of $331mn of taxes in 2021 (and minimum the same amount in 2022 based on their financials). That's why we decided to change the company's status from "Scaling Back" one to "Continue Operations".

Haval Motor remained on the Russian market.

Still operating in Russia. The German owner of the Globus group, Matthias Bruch, previously explained the company's stay in Russia by the need to take into account almost 10,000 Russian employees, as well as customers of large stores, for whom he wants to "preserve access to food products."

Temporary suspension of shipments to Russia due to supply chain issues.

Initially promised to suspend investment and technology deployment to its Russia operations. But the company increased its market share in Russia and is expanding. The National Agency for the Prevention of Corruption (NACP) has included the leading global oil company SLB (formerly Schlumberger), headquartered in the USA, on the list of international sponsors of the war.

No official statement

Geely initially has suspended shipments of cars to dealers in Russia. But later, the head of Chinese car conglomerate Geely has defended a decision by the Geely auto brand to increase car sales in Russia after global rivals pulled out of the market following Vladimir Putin’s invasion of Ukraine.

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 official statement

Still operating in Russia

Initially suspended operations in Russia. The company's statement regarding Ukraine contained the following sentence: "we have decided to temporarily suspend all non-essential activities and development plans in Russia, like most other food companies" later this part of the statement was revised to "All non-essential activities and development plans in Russia remain on hold ”, avoiding comparison with “other food companies”. The vast majority of exports are direct. Comparing total exports for the year beginning March 1, 2022 versus a year earlier by value, the growth is 33% ($120 million vs. $90 million). The 33% increase in value was not enough to maintain the market share of exported chocolate: it fell from 18.2% to 16.9%.

Still operating in Russia

The Russian authorities are discussing the possibility of introducing barrier duties of 220% on dietary supplements from unfriendly countries. The measure may affect such large manufacturers as Stada, Solgar, Unipharm.

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.

Continue doing business as usual, increased revenue in 2022 vs 2021.

No official statement

No action taken; still operating in Russia

Temporarily paused operations in Russia but still operating in Russia; not disclosed publicly (factory in Krasnodar). CLAAS, based in Germany, has not curtailed its work in Russia. CLAAS noted in a recent Wall Street Journal article that its food-production equipment falls within exemptions from international sanctions against Russia.

Still operating in Russia through subsidiaries

5,3% of revenue from Russia or approx, $500MM

No official statement

Teva in Russia is working in its standard operating mode

No official statement

Still operating in Russia

Will continue to trade in Russia, Vostochnaya Technika, the official Caterpillar dealer in some parts of Russia

No news on RF at all, RF website not working

Continues to build Vladivostok highway in March 2022

In 2022, the Swedish Essity (brands Libresse, Zewa, Tork and Tena) localized the production of more than 70 products in Russia, the production of which is "maximum independent" of imported raw materials.

No official statement

Remains silent on whether they will continue operations

Will continue to supply essential medicines, vaccines, medical devices, and equipment in Russia. Halted clinical trials, advertising, and promotion. Russian sales proceeds to go to humanitarian aid (no manufacturing and little raw materia/suply chain reliance). Still operating in Russia with increasing sales and profit volumes in 2022 vs 2021. After the start of Russia's war against Ukraine, the volume of product exports to Russia increased.

Currently able to maintain business in parts of Ukraine and in Russia, at least to a limited extent. But the more likely scenario for Zeppelin is that we will be forced to exit. The company generates around 20% of its €3.7 billion annual sales in Russia and Ukraine.

No official statement

Continuing business operations in Russia (4 locations). Canceled €200 million expansion investment. The Rockwool company earned millions of Krons on orders from the Russian Ministry of Defense. Among other things, Rockwool products are part of a warship that participated in the war against Ukraine last year.

(Office in Russia)

Business as usual

No official statement

No official statement

Continuing operations within sanctions compliance & shares in Sakhalin-2 project. The consortium consisting of Mitsui & Co and the Japanese national oil and metals company JOGMEC retained a ten percent stake in the Novatek Arctic LNG-2 project. With the only clarification that since March of last year, Japan has frozen new investments in this project due to financial sanctions.

Reported to suspend operations in Russia but in July 2022, Xiaomi and its sub-brand POCO combined accounted for 42% of the Russian smartphone market, ranking first in terms of sales volume. Xiaomi Corporation, the leader in the sale of smartphones in the Russian Federation, was included in the list of international sponsors by NACP of the war but the company is "strongly against the accusation from the Ukrainian National Agency on Corruption Prevention (NACP) that we are "International sponsor of war". We don't support any war actions. We fully embrace world peace. Our mission is to let everyone in the world enjoy a better life through innovative technologies".

Promised to suspend new investments and technology-deployments in Russia. Halted all shipments (no joint ventures or partners in Russia). The Russian branch of the international oil service company Weatherford intends to continue to fulfill existing contracts and conclude new agreements with customers. This follows from the reports of Weatherford's Russian structures, including "Weatherford" LLC, which accounts for the bulk of the company's revenues in the Russian Federation.

Still operating in Russia

No official statement

Still working with dealers in Russia

Still operating in Russia; not disclosed publicly

Hyousung sponsored a market forum 2022 in Moscow Palace

Still operating in Russia

No information about operations with Russia

Temporarily closed stores and paused all commercial activities in Russia and Belarus, promised to suspend operations in Russia. Tommy Hilfiger has still running shops in the main shopping malls in Moscow and St Petersburg.

No official statement

Continue to supply patients, not for fianacial reasons

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 company decided to continue doing business in Russia, citing the lack of bans from France and the EU. The Bonduelle company, which continues to work in the Russian Federation, supported the Russian military. Scaled back operation in Russia.

Promised to suspend exports to Russia & halt investments but sales are ongoing at full range, official statement is misleading and total lie. Website https://www.karcher.ru/ru/ appears to be fully functional to buy Kärcher products in Russia.

Continue doing business as usual.

Received revenues in Russia in 2021, there is no any official announcement

Continuing to supply medical devices and technology as well as continuing to support healthcare providers. Statement condemning Russian invasion of Ukraine.

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.

No official statement

No official statement

No relevant news about leaving Russia.

Continue candy sales in Russia. No statement seems to be available, and the Russian Website boasts "Storck products are convincing consumer across Russia from Kaliningrad to Vladivostok!" Comparing total export for a year starting on March 1, 2022 vs. a year before by value, the increase is "only" 51% (96 million USD vs. 64 million USD). Slightly increasing the market share of exported chocolate from 12.9% to 13.7%.

There is no statement on the company's website about the termination of cooperation with the Russian Federation. The international sales network contains links to the websites of companies in Russia https://amazone.net/en/experience-acquire/acquire/sales-contacts/international-sales-network.

The revenue of Hikvision, the Russian office of the world's largest Chinese manufacturer of video surveillance solutions, grew by 42% in 2022 to 10.9 billion rubles.

Received revenues in Russia in 2021, there is no any official announcement

Received revenues in Russia in 2021, there is no any official announcement.

No official statement

Still operating in Russia

Received revenues in Russia in 2021, there is no any official announcement.

Kinross divests Russian assets to Highland Gold at half the set amount.

Still operating in Russia

No official statement

Still operating in Russia.

Russian website works

Continuing to operate majority owned Voltyre-Prom tire factory near Volgograd (factory makes agriculture and industrial tires). Quincy, Illinois-based Titan International, maker of tires for farm tractors, has kept its majority stake in its factory in the southwestern city of Volgograd.

Still operating and actively hiring in Russia

No official statement

Stop shipments to and from Russia; no comment about production in Russia. Wilo SE continues to operate the factory in Russia and supplying factory with all technological components both from Germany and China. Wilo SE has own subsidiary in Russia and running it without any limits - supplied by trade goods from own factory in russia and own plants in Germany. Currently Wilo is benefiting from withdrawal of the key competitors from the russian market like Grundfos and growing the business in this country comparing with pre-war situation.

Received revenues in Russia in 2021, there is no any official announcement

No official statement

No official statement

Received revenues in Russia in 2021, there is no any official announcement

No official statement

Continue operations in Russia

Received revenues in Russia in 2021, there is no any official announcement

Lesaffre continues its activities. On April 28, 2022, a webinar on how to bake bread will take place in Moscow.

No official statement

No official statement

Business as usual

Not disclosed publicly; still operating in Russia

Still operating in Russia

Received revenues in Russia in 2021, there is no any official announcement

No official statement

Still operating in Russia

Received revenues in Russia in 2021, there is no any official announcement

Received revenues in Russia in 2021, there is no any official announcement

No official statement

Received revenues in Russia in 2021, there is no any official announcement

The company stopped all investments in Russia including advertising & promotions and reduced the business to minimum necessary to pay the salaries to the local staff. Still operating in Russia with increasing revenue volumes in 2022 vs 2021.

Promised to halt new investments and advertising. The medium size German company put out a statement on Twitter over a year ago, explaining that Russia is the second largest market for the company after Germany, and committing all profits to humanitarian aid organizations: "to secure jobs and the livelihoods of many cocoa farming families we continue to supply chocolate to the Russian population". Caring for the cocoa farmers is commendable. Does it justify 91% increase year-to-year after the invasion? A year starting March 1, 2022 saw an increase to 79 million USD from 41.4 million USD the previous year.

Continue doing business as usual.

Still operating in Russia