Stop Doing
Business with Russia
Russia initiated aggression against Ukraine in 2014. On February 24, 2022, it started a full-scale military invasion to the Ukrainian territory. This brutal war and military crimes of Russian troops caused a humanitarian crisis in Ukraine with thousands civilians killed and millions becoming refuges. As a reaction to this act of aggression, many international companies decided to leave the Russian market, while some others continue doing business there as usual. We track such decisions of companies and urge them to stop funding the war.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Pausing InvestmentsReducing Activities: company scaling back some business operations while continuing others
Scaling BackPause operations: company temporarily curtailing operations while keeping return options open
SuspensionClean Break: the company completely halting Russian engagements or exiting Russia
WithdrawalExit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exit Completed
Sell Renault Russia; transfer Moscow factory to city government and partner for local brand production. 03.06.2022: Full name changed from CJSC "RENO RUSSIA" to JOINT STOCK COMPANY "MOSKOVSKY AVTOMOBILINY ZAVOD "MOSKVICH"
Left the Russian market & sell Russian business. According to Russia's anti-monopoly service, which approved the takeover, McDonald's retains the right to buy its Russia restaurants back within 15 years; 10.06.2022: LIMITED LIABILITY COMPANY "KLUB OTEL" becomes the new founder of the organization, The record about the founder "MACDONALDS CORPORATION" has been deleted
German cosmetics company Wella has left Russia. 05.05.2022: The entry about the founder of EYCHEFS PRESTIGE SERVICE GERMANY LLC was deleted. WELLA GERMANI LLC becomes the new founder of the organization. 26.05.2022: "VESNA" LLC becomes the new founder of the organization. The record about the founders of ECHEFS PRESTIGE MANUFACTURING GERMANY GMBH and WELLA GERMANY GMBH has been deleted from the register
Totally withdraw from the Russian market for oil, oil products, natural gas and liquefied natural gas in a phased manner. 08.06.2022: Full name changed from SHELL NEFT LLC to TEBOIL RUS LLC. 17.06.2022: Sergey Arturovich Starodubtsev is no longer the organization's CEO, Vitaly Gennadievich Maslov becomes the organization's new CEO. SHELL OVERSEAS INVESTMENTS B.V. and PRIVATE COMPANY B.V. DORDTSE PETROLEUM MATSAPPEY have been deleted as founders from the register.
Suspended any new export business from Russia. Continued to operate its oil seed crush plant in Russia. "Agricultural commodities trader Bunge Ltd said on Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. Bunge Ltd. sold its sunflower-crushing plant in Russia, marking the biggest oilseed processor’s exit from the country in response to the invasion of Ukraine."
27.04.2022: Ivanov Konstantin Igorevich becomes the new founder of the organization, Kobzev Alexander Mikhailovich becomes the new founder of the organization, Alexander Igorevich Naumov becomes the new founder of the organization, Bronetsky Sergey Alexandrovich becomes the new founder of the organization. The record about the founder "REEMTMSA CIGARETTENFABRIKEN GESELLSCHAFT MIT BESCHRANKTER HAFTUNG" / "REEMTMSA CIGARETTENFABRIKEN GESELLSCHAFT MIT BESCHRANKTER HAFTUNG" and "IMPERIAL TOBACCO HOLDINGS (NETHERLANDS) BV" / "IMPERIAL TOBACCO HOLDINGS (NETHERLANDS) BV" was deleted
Left Russia. 25.04.2022: Alexander Markovich Yamnitsky becomes the new founder of the organization. The record about the founder JOINT STOCK COMPANY "ELKO GRUPA" has been deleted. 31.03.2022: Financial statements for 2021 submitted
Exit from Russia agreed/ After our decision to exit the market, we agreed to sell the Russian business to a local government led by the current CEO and CFO.
Donation to UNHCR. Declared they will leave Russia in May. Enel writes down Russian unit's value pending sale completion. LLC was sold to a local legal entity.
Exit Russian market completely
Sold Russian assets to local management and exit completely
Announced that it has completed the sale of its beverage packaging business in Russia to Arnest Group for $530 million. The purchaser, Arnest Group, has acquired all of Ball Corporation's Russian-based business.
Left Russia. 30.06.2022: Pilyugina Anna Alexandrovna becomes the new founder of the organization. The record about the founder COMPANY JOINT STOCK COMPANY LPP has been deleted. COMPANY "FAR EAST SERVICES-FZKO" becomes the new founder of the organization. The new owner of "RE Trading" LLC — the Russian division of the Polish retailer LPP — is the UAE-registered company "Farist Services-Fzco". The record of this in the register is dated June 30.
13.05.2022: Sergienko Yakov Vyacheslavovich becomes the new founder of the organization Viktor Pavlovich Surkov becomes the new founder of the organization, Elena Evgenievna Kuznetsova becomes the new founder of the organization, Sergey Aleksandrovich Zaborov becomes the new founder of the organization, Tigran Yurievich Saakyan becomes the new founder of the organization. Deleted record of founder MCKINSEY CORPORATION RUSSIA HOLDINGS, INC. 17.06.2022: The record about the founder Sergienko Yakov Vyacheslavovich was deleted, the record about the founder Viktor Pavlovich Surkov was deleted, the record about the founder Elena Evgenievna Kuznetsova was deleted, the record about the founder Sergey Alexandrovich Zaborov was deleted, the record about the founder Saakyan Tigran Yuryevich was deleted. LLC "T.PARTNERS" becomes the new founder of the organization LLC "MSK CAPITAL" becomes the new founder of the organization
Societe Generale ceases its banking and insurance activities in Russia and announces the signing of a sale and purchase agreement to sell its entire stake in Rosbank and the Group’s Russian insurance subsidiaries to Interros Capital. The French Societe Generale estimated the loss from the sale of its bank in the Russian Federation at 3.3 billion euros
PeWeTe sold and transferred its participatory interests held directly and indirectly in its Russian LLC which was sold to a local legal entity, which is held by a group of Russian top managers of the Petro Welt Group
2.09.2022: Decided to exit Russia and divest the business to local management through a sale of its Russian subsidiary, subsidiary Electrolux Professional is selling its Russian business.
LLC was sold to a local legal entity
Exploring options for exit; while no new investments/new contracts but fulfill existing agreements. Otis will sell 100% of the business to Ice Development. 27.07.2022: Regulatory approvals were received, and the sale of the Otis Russia business to Ice Development closed.
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"
Left Russia. 12.04.2022: The full name was changed from LLC "FAZER" to LLC "KHLEBNY DOM". 19.05.2022: Kalyavin Vladimir Vladimirovich is no longer the CEO of the organization, Kozlov Dmitry Vladimirovich becomes the new CEO of the organization
Provides humanitarian support to Ukraine. LLC "SPAR Tula" was sold to an individual/individuals
Left Russia. 30.06.2022: The record about the founder Lukashova Natalya Viktorovna has been deleted. LLC "KPMG" becomes the new founder of the organization. 01.07.2022: Full name changed from JOINT STOCK COMPANY "KPMG" to JOINT STOCK COMPANY "KEPT"
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
Left Russia. 17.05.2022: The full name has been changed with Limited Liability Company Luxoft Proffesional for Limited Liability Company IBS Infinisoft, 20.04.2022: IBS IT Service Joint -Stock Company becomes a new founder of the organizational liability unit "Information Business"
17.05.2022: The record about the founder JOINT-STOCK COMPANY "CERSANIT" has been deleted. SANGRE INTERNATIONAL LTD becomes the new founder of the organization. 26.04.2022: Financial statements for 2021 have been submitted
16.06.2022: "NUTRISHEN" LLC becomes the new founder of the organization. Deleted records about the founders NUTREKO INTERNATIONAL B.V. and NUTREKO INVESTMENTS B.V. 27.06.2022: The legal entity is again active. 06.07.2022: Full name changed from "TRAU NUTRITION VORONEZH" LLC to "TECHKORM NUTRISHEN" LLC
The LLC changed its name, was sold to an individual/individuals
Left Russia. 15.06.2022: Full name changed from ERNST AND YOUNG - EVALUATION AND CONSULTING SERVICES LLC to B1 - CONSULT LLC. 23.06.2022: The record about the founder Abramov Vladimir Georgievich was deleted, the record about the founder Neverko Dmitry Anatolyevich was deleted. Tomyshev Andrey Sergeevich becomes the new founder of the organization, Durglishvili Valery Vladimirovich becomes the new founder of the organization
Currently, Guardian Industries together with the management of Guardian Glass (Russia) are working on an exit strategy that will ensure the safety of employees, the continuation of work and compliance with the obligations of enterprises. 28/07/2022: Guardian Industries sold its business in Russia to Vladimir Alexandrovich Voronin, President of FSK Group
Left Russia. 24.06.2022: Pavel Valentinovich Zibarev becomes the new founder of the organization. The record about the founders of "KEMINOVA A/S" and "KROPTEKH LLS, LTD" has been removed from the register
The LLC changed its name, was sold to an individual/individuals.
06.06.2022: Aiji Equitiza Limited Liability Company becomes a new founder of the Organizate of Organizer, a record of the founder Limited Liability Company "Phoenix Contact Fervaltungs GMBH" Removed Records on the founder of Limited Liability Company "Electrophenix GMBH", 26.05.2022: Semenova Elena Vladimirovna more is not the general director of the organization Galina Ivanovna Bannikova becomes the new general director of the organization. A record of the founder Limited Liability Company 'Phoenix Contact Fervaltungs GMBH' was removed from the register
LLC changed its name, sold to an individual/individuals
Irish ingredients giant Kerry Group sold its Russian subsidiary to local management and agreed to offload its Belarusian unit to a local operator.
17.05.2022: Full name changed from LIMITED LIABILITY COMPANY "SODEXO EURAZIYA" to LIMITED LIABILITY COMPANY "AYEFSIEM GRUPP", 15.04.2022: LIMITED LIABILITY COMPANY "BERCH A I KO" becomes the new founder of the organization
Exit and no longer have a brand presence in Russia. Starbucks set to sell Russian business to restaurateur Anton Pinskiy
The Norwegian paint manufacturer Jotun has announced the sale of its business in the Russian Federation and exit from the country.
Left Russia, sold business to management. 01.07.2022: Lyasko Marianna Zusyevna becomes the new founder of the organization. The record about the founder COMPANY WITH LIMITED LIABILITY ARLA FOODS RUSSIA HOLDING AB has been removed. Deleted record about the founder COMPANY WITH LIMITED LIABILITY "ARLA FOODS DEUCHLAND GMBH"
September 8, 2022 - Halliburton Company today announced it completed the sale of its Russia operations to a Russia-based management team made up of former Halliburton employees. As a result, Halliburton no longer conducts operations in Russia. The LLC changed its name, was sold to an individual/individuals
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
The LLC was sold to an individual/individuals
Exit from the four joint ventures with Rosneft and the signing of an agreement to leave the Kharyaga project. LLC was sold to a local legal entity
LLC was sold to a local legal entity. Ceded ownership of its Russian agencies to local management teams. Statement condemning Russia's invasion of Ukraine.
Exit business in Russia, LLC was sold to a local legal entity.
Local office firstly in Russia announces the continuation of its operation in the Russian Federation as an independent business but then LLC changed its name, sold to a local legal entity.
After the scandal, the French giant Thales will sell its business in Russia. The French Thales Group refused to provide security for Russian banks
Samsonite has been sold to its local management for an undisclosed sum, renamed to "Chemodan Pro" LLC. One of the options to continue to sell Samsonite luggage, but as a parallel import
Sony Music fully exits Russia, 6 months after suspending operations in country. The LLC was sold to an individual/individuals
The LLC changed its name, was sold to an individual/individuals
Exit officially, but media reports they look for ways to continue to work
Exited Russian market, the LLC changed its name, was sold to an individual/individuals
Sold the activities in Russia to local management. 28.06.2022: LLC "NORDSTAFF CONSULTING" becomes the new founder of the organization. The record about the founder LIMITED LIABILITY COMPANY "BRUNEL ENERGY HOLDING BV", LIMITED LIABILITY COMPANY has been removed. The record about the founder LIMITED LIABILITY COMPANY "BRUNEL INTERNESHNL NV", JOINT STOCK COMPANY has been removed. 14.07.2022: Full name changed from BRUNEL RUS LLC to FERSOL SERVICE LLC, Full name changed from BRUNEL PRIVATE EMPLOYMENT AGENCY LLC to FERSOL PRIVATE EMPLOYMENT AGENCY LLC
Suspended all shipments to Russia. Donated to Red Cross. In August LLC changed its name, sold to a local legal entity.
PPF agrees to sell Russian banking assets. Was sold to a local legal entity.
Sullplied fish to McDonalds, suspended operations 17.03.2022 after McDonalnds closed resourants, 6.07.2022 decides to sell Russian business. 13.09.2022: Danish seafood giant Espersen completes sale of Russian subsidiary, fully exits the country.
Complete exit from Russia by selling Russian operations. Has completed sale of Russian assets.
29.06.2022: The full name was changed from "SOKOTEL" LIMITED LIABILITY COMPANY to "VAN HOTELS" LIMITED LIABILITY COMPANY. 11.07.2022: Petra Yukhany Schaaf is no longer the general director of the organization, Kadina Nataliya Aleksandrovna becomes the new general director of the organization
LLC was sold to a local legal entity
Withdraw completely from the Russian market, the legal entity is liquidated.
Close Russian business, the LLC changed its name, was sold to an individual/individuals
The LLC changed its name, was sold to an individual/individuals
LLC changed its name, sold to a local legal entity
The legal entity is liquidated
Completed exit, had a small presence in Russia, with 2021 revenues of approximately $14 million, representing less than 1% of 2021
The LLC changed its name, was sold to an individual/individuals
Concluded total exit from Russia. 25.04.2022: Natalya Lvovna Svetushkova becomes the new founder of the organization, Safronov Konstantin Andreevich becomes the new founder of the organization. The record about the founder JOINT STOCK COMPANY "TIETO GLOBAL" has been deleted. 29.04.2022: Full name changed from LLC "TIETO RUS" to LLC "FORIGHT"
The LLC was sold to an individual/individuals
The LLC changed its name, was sold to an individual/individuals
Finnish food manufacturer Raisio sold its subsidiary in Russia to the Russian company Copacker Agro. The right to the Nordic brand will be sold to the Estonian Nordgate Trading Oü. 24.05.2022: The full name was changed from RICE NEWTRESS LLC to NORDIC NEWTRESS LLC. 15.06.2022: Dunaevskaya Svetlana Yulievna is no longer the CEO of the organization, Kichigin Andrey Borisovich becomes the new CEO of the organization
08.07.2022: Tsurikov Igor Vitalyevich becomes the new founder of the organization. Deleted record about the founder of FURUNO DANMARK A/S
Exited partnerships in Russia. 31.05.2022: Ilya Nikolaevich Grigoriev becomes the new founder of the organization, Ekaterina Andreevna Kovalevskaya becomes the new founder of the organization, Evgenia Mikhailovna Gertsen becomes the new founder of the organization, Oksana Evgenievna Medvedeva becomes the new founder of the organization, Dmitry Alexandrovich Myskov becomes the new founder of the organization, Elena Borisovna Kalashnikova becomes the new founder organization, Kovylov Alexey Ivanovich becomes the new founder of the organization. The record about the founder PRIVATE COMPANY WITH LIMITED LIABILITY "RUSSEL SKVEA HOLDING BI VI" has been removed. 21.06.2022: Ekaterina Yurievna Fisher becomes the new founder of the organization. Deleted record about the founders "BRAV NORWAY AS" and "BRAV AS"
LLC changed its name, sold to a local legal entity
The LLC changed its name, was sold to an individual/individuals
LLC was sold to a local legal entity
The LLC changed its name, was sold to an individual/individuals
The LLC changed its name, was sold to an individual/individuals
Exited from Russia. 20.05.2022: Full name changed from LIMITED LIABILITY COMPANY "AKKAUNTOR RUSSIA" to LIMITED LIABILITY COMPANY "KONSU"
The LLC was sold to an individual/individuals
Messe Frankfurt suspends events in Russia. The LLC changed its name, was sold to an individual/individuals
The LLC was sold to an individual/individuals
Will no longer have a presence in Russia. The LLC changed its name, was sold to an individual/individuals.
LLC was sold to a local legal entity
21.06.2022: Fisher Ekaterina Yurievna becomes the new founder of the organization. Removed records about the founders "BRAV NORWAY AS" and "BRAV AS"
The LLC changed its name, was sold to an individual/individuals
Withdrawal from Russia by divesting all local agencies. The LLC changed its name, was sold to an individual/individuals.
The company had been in the process of shifting its operations out of Russia since Ukraine was invaded at the end of February
Finland's Boreo sold its 90% stake in YE Russia to companies controlled by its current director Yrjö Pönni (local management and Russian shareholder).
deugro signed an agreement on September 5, 2022 to sell its business in the Russian Federation as part of a management buyout to its former local management, 13.09.2022: changed the owner to local management.
Suspend stipulation of new oil contracts; divest from investments in Russian pipelines; continue buying Russian gas for rubles
The structure of the Czech group Home Credit left the capital of KhF Bank, transferring its final share of 49.5% to it, it follows from the data of EGRYUL
Hortex left the Russian market. The new owner of Ortika Frozen Foods, which is responsible for the import and sale of frozen products under this brand in RF, is the Agama group.
In April 2022 announced it has exited the Russian market and divested its operations to local management.
Sold Russian business to a local enterprise
Sold Russian entity. Kuehne+Nagel sold its business in the Russian Federation, Azerbaijan, Belarus and Kazakhstan to its Managing Director effective July 20, 2022, but the change in ownership should be ivestigated additionally. 28.07.2022: Neumann Perry Herbert becomes the new founder of the organization. The record about the founder of KUNE+NAGEL INTERMODAL GMBH was deleted. The record about the founder of JSC "KUNE NAGEL SKYDNA EUROPA AKTIONSRE TOVARYSTVO" has been deleted. 08.08.2022: The full name has been changed from "KUNE+NAGEL" LLC to "NOITECH LOGISTICS RUS" LLC.
As of August 1, Lindab has no operations in, sales to, or purchases from Russia. Russian subsidiary has been sold to the company's local Managing Director
08.04.2022: Record about the founder PRIVATE COMPANY WITH LIMITED LIABILITY "RETAIL INTERNATIONAL HOLDING B.V." "MARKA MAGAZADZHILYK ANONIM SHIRKETI" becomes the new founder of the organization
We have come to the conclusion that the recently announced US, UK and EU restrictions will make it impossible for Marriott or hotel franchising to operate in the Russian market. Therefore, we decided to suspend all Marriott International operations in Russia. The process of suspending operations in the market, where Marriott has been operating for 25 years, is complex.
Continuing operations with no immediate plans to shut down Russian factory
Reducing operations in Russia due to deteriorating business conditions and regulatory restrictions. Suspending sales to Russian state-owned entities, aerospace markets, and other sanctioned parties. Suspended new investments. Continuing to supply of coatings to food and beverage packaging customers. Continuing sales of essential products in Russia to generate local currency in order to maintain employment and meet payroll. Pledge of donation of net profits generated in 2022 from Russian operations to NPOs for humanitarian support.
Divested 3 corrugated packaging plants in Russia; 02.06.2022: Full name changed from LIMITED LIABILITY COMPANY "STORA ENSO PAKADZHING BB" to LIMITED LIABILITY COMPANY "NOVO PAKADZHING BB" STORA ENSO PACKAGING". 20.05.2022: LLC "NOVOPAK" becomes the new founder of the organization. The record about the founders of JSC "STORA ENSO PAKAJING" has been deleted. 06.07.2022: SETNOVO GROUP LLC becomes the new founder of the organization. The record about the founder JSC "STORA ENSO OYUY" was deleted.
Teknos Group suspended its Russian operations in March 2022 and in April 2022 announced planning of controlled exit from Russian market. The process has been completed on 11th of July 2022 as 100% of shares in Russian entity – Teknos OOO - were sold.
Closed operations; transferred of some business. Effective March 31 the company transferred its live games business in Russia and Belarus to local management of Lesta Studio that is no longer affiliated with Wargaming. 06.05.2022: Khatazhaev Malik Athamovich becomes the new founder of the organization, The record about the founder VARGEIMING GROUP LIMITED has been removed. 18.05.2022: Full name changed from WARGAIMING MOSCOW LLC to LESTA GAMES MOSCOW LLC
11.07.2022: Nortsev Konstantin Gennadievich becomes the new founder of the organization. The record about the founder of JSC VYARTSILYA TECHNOLOGY was deleted from the register
WPP sold its business to the existing local management.
LLC changed its name. Sold Russian business to local team/local legal entity and exited market.