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". The French company sold its stake in Russia’s largest automaker for one ruble, with the option of returning within six years.
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
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 remain in the Russian Federation (in total, they had more than a dozen legal entities), but a clear trend towards exit is visible.
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, September 19, 2022 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."
Volkswagen-associated companies MAN Truck&Bus SE and Scania AB closed their deals just a few days ago, according to the Epravda - On December, 13-14 the following assets: MAN Truck and Bus RUS LLC and Scania - Rus LLC.
Nissan has formally completed the sale of its Russian legal entity to NAMI, the Central Research and Development Automobile and Engine Institute. NISSAN MANUFACTURING RUS LLC was sold on 23/11/2022
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
No longer provide engineering services to Russian LNG developers. Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia
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
Arconic Corp (ARNC.N) sold its Russian operations to the majority owner of state-backed metals company VSMPO-AVISMA (VSMO.MM) for cash proceeds of $230 million, the U.S. aluminum products maker said on Tuesday.
"Whirlpool Rus" LLC was sold to Turkish investors on September 7, 2022.
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. Putin authorises Enel to sell Russian unit to Lukoil.
Exit Russian market completely
Sold Russian assets to local management and exit completely
March 2: Planning on temporary shut down of pulp and paper production at its Svetogorsk, Russia due to supply issues (Russian operations account ~15% total revenue in 2021). March 7: Suspending operations in Russia. Pledge of $250K to International Red Committee of the Red Cross. October 6: Sylvamo completes sale of Russian operations.
Has sold the Lamoda business with operations in Russia, Kazakhstan and Belarus for 95 mln euros to apparel retail investor Yakov Panchenko.
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.
Tetra Pak has reached an agreement to divest its Russian business to local management, with the intention of enabling business continuity for its customers, minimizing the impact on employees, and continuing to support consumers’ access to essential food. LLC in Russia was sold.
In process of separating from Avito and fully exit Russia. As of the end of August no action taken on separating from Avito and fully exit Russia. At the end of March 2022, Prosus shareholders announced the beginning of the separation of the company into two independent entities, with Avito continuing to operate as an independent Russian entity managed by local management. Prosus to sell Russian classifieds business Avito to Kismet for $2.4B.
Volkswagen-associated companies MAN Truck&Bus SE and Scania AB closed their deals just a few days ago, according to the Epravda - On December, 13-14 the following assets: MAN Truck and Bus RUS LLC and Scania - Rus LLC
JSC "INDEZIT INTERNATIONAL" was sold to Turkish investors on September 16, 2022.
In process of divesting from local subsidiary. Anounced plans to sell its shareholding in Avito with a significant discount. The publicized letter of the auditing company "B1" (the Russian division of Ernst & Young) confirmed that Prosus is indeed negotiating with VKontakte, and that Sberbank will finance the deal. Prosus to sell Russian classifieds business Avito to Kismet for $2.4B.
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.
Exit Russia completely: Danfoss have signed agreement to divest the business in Russia and Belarus (from December 2022) to the local management to exit Russia completely
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
Amcor to scale down activities in Russia amid Ukraine invasion and to sell factories in Russia. Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances.
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
Mayr-Melnhof Group announced the sale of the Russian enterprises it owns for the production of cardboard packaging - "MM Poligrafofromlennya Packaging" and "MM Poligrafofromlennya Rotogravyur".
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.
Rinat Akhmetov's DTEK sold coal assets in the Rostov region to the Cypriot Valleyton Investments Limited with an unknown ultimate owner of the company.
Sold company with Pizza Hut franchise (key one) to Russian company, but have some other smaller brands.
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"
Winds down Russia activities, DLL Group sold "DLL Leasing" LLC.
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
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"
Wind down all business. SYSTEMS SENSOR TECHNOLOGIES was sold on 20/10/2022.
Stop all deliveries to Russia; maintain JVs. LLC in Russia was sold.
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
Decision to leave Russia. The LLC changed its name, was sold. Transfer of Russian assets to Awara IT group of companies.
Mayr-Melnhof Group announced the sale of the Russian enterprises it owns for the production of cardboard packaging - "MM Poligrafofromlennya Packaging" and "MM Poligrafofromlennya Rotogravyur".
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
Owens Corning Completes Sale of Russian Ops.
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
Suspending business operations in Russia. Statement condemning Russia's invasion of Ukraine. Previously had suspended exports from Finland to Russia and Belarus, as well as imports of ingredients and packaging from Russia (operations consisted of a processed cheese factory, contract manufacturing partners, and sales offices). Sold business and Viola brand to Velcom.
Stopped new business and investments. Closed plant and TERRA INFRASTRUCTURE was sold on 12/10/2022.
Parker Drilling would need contract assurances protecting its assets in Russia and an exit strategy before embarking on any new business there, Parker said. LLC in Russia was sold.
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
YIT withdraws from all operations in Russia by completing the sale of the businesses.
Stop buying Russian oil by the end of 2022. Vitol sells stake in Russian Arctic development. Vitol announces that it has divested its interest in Vostok Oil LLC.
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
Canadian French fry giant McCain Foods Ltd. has sold its Russian potato production facility, completing the company’s exit from Russia.
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
Stops sales and production in Russia; transferred ownership of production facilities. LLC in Russia was sold.
Exit Russia completely. 24.03.2022: The record about the founder of JSC "KEMIRA EUROPE OYU" was deleted.
The LLC changed its name, was sold to an individual/individuals
Exit officially, but media reports they look for ways to continue to work
Continuing existing projects; no new business. Spin-off complete: TechnipFMC and Technip Energies become two separate entities. TechnipFMC will continue as a service provider to the traditional and new energies industry, while Technip Energies will focus on engineering and technology for the energy transition with leadership positions in LNG, hydrogen and ethylene. Technip Energies’ exit from the Arctic LNG 2 project in Russia is due to complete in a few months, according to chief executive Arnaud Pieton; no new business; no update on Yamal LNG. LLC in Russia was sold.
Exited Russian market, the LLC changed its name, was sold to an individual/individuals
VTG LLC was sold on 08/11/2022.
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
The transaction for the sale of "Jones Lang LaSalle" to the Russian management is closed.
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.
LLC in Russia was sold.
Exiting all of its businesses in Russia. Exit will involve transferring ownership of its Russian businesses to independent local management. Statement condemning Russian invasion of Ukraine. The record about the founder of CJSC "MARSH (INSHURANS SERVICE) LIMATED" has been deleted.
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 (JSC "FISKARS BRANDS RUS") is liquidated, in "PLANTYK" LLC, the record about the founder of FISKARS FINLAND OYU AB was deleted
In March 2022, it was announced that Kantar was suspending its business and operations in Russia in response to the Russian invasion of Ukraine. Through the summer the Group worked to implement this decision and concluded the only way to achieve this in a legal and responsible manner was to exit the Russian market and dispose of their businesses there. Now Kantar Group completed the disposal of its businesses in Russia and, effective 1 January 2023, Kantar is no longer trading in Russia.
LLC in Russia was sold.
Close Russian business, the LLC changed its name, was sold to an individual/individuals
Closed its web site in Russia. LLC "JEYBIL" is in the process of liquidation.
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
Suspended all operations in Russia and exited. The record about the founder CLOSED JSC "TERRASSEN HOLDINGS LIMITED" was deleted
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
ELSTER METRONIKA was sold on 20/10/2022.
08.07.2022: Tsurikov Igor Vitalyevich becomes the new founder of the organization. Deleted record about the founder of FURUNO DANMARK A/S
Halting cargo bookings with Russia. Maersk expects a quick conclusion of negotiations on the sale of business in the Russian Federation. Agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group.
12.05.2022: The full name was changed from LIMITED LIABILITY COMPANY 'Messe DYUSSELDORF MOSKVA' to LIMITED LIABILITY COMPANY 'EXPO FYUZHN'. LLC in Russia was sold.