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
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.
Suspend stipulation of new oil contracts; divest from investments in Russian pipelines; continued buying Russian gas for rubles. Eni opened Gazprom arbitration proceedings after gas supply cuts. Italian major Eni has closed its corporate representative office in Russia after stopping purchases of Russian pipeline gas for delivery to Turkey.
Continued processing Russian oil. Lukoil is close to completing a deal to sell the Isab refinery in Sicily for $1.58 billion. Italian officials are still concerned about some aspects of the transaction. And one senior Italian energy official said he was concerned that "a group of unknown investors running a newly created company from Cyprus could acquire an asset that Rome considers a "strategic". 11.04.2023: Italy gave conditional approval to the sale of the Lukoil-owned refinery (LKOH.MM) in Sicily to Cypriot private equity firm G.O.I. Energy.