Clean Break: the company completely halting Russian engagements or exiting Russia

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Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2015, number 15 on the Fortune 500, behind McKesson and ahead of AT&T.

Clean Break: the company completely halting Russian engagements or exiting Russia

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Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
2130
Assets(RF), mln.USD
728
Capital(RF), mln.USD
519
Glob.Revenue, mln.USD
165000
Plants
4
Staff(RF), 2021
1500
Taxes(RF), mln.USD
18

Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$312mn or +17%). Global grain traders - Cargill, Viterra, Louis Dreyfus have stopped exporting Russian grain since July 1, 2023 and are leaving Russia. They informed the Ministry of Agriculture of the Russian Federation about this decision, as well as the fact that they are starting to work out the issues of transferring their business to new owners back in March of this year.

The Company Statement
September 13, 2023

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.

January 09, 2024The leader has changed in the ranking of the largest grain exporters
September 28, 2023Russian farmers are under threat of mass bankruptcies after the departure of foreign grain traders
September 14, 2023Cargill Sells Stake in Russian Grain Terminal to Local Company
July 01, 2023Global grain traders stopped exporting Russian grain from July 1
March 29, 2023One of the world's largest suppliers will stop grain exports from Russia
March 29, 2023Top Agriculture Trader Cargill to Stop Exporting Russian Grain
March 29, 2023Cargill and Viterra Are Exiting Russian Grain Export Market
January 16, 2023Letter sent by B4Ukraine to the company (no response provided)
December 08, 2022Uralchem wants to buy grain assets from Viterra, Cargill if they ever leave Russia -letter
March 11, 2022Statement on Cargill Operations in Eastern Europe
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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