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
Glencore-backed Viterra is planning to exit the Russian export market and intends to announce the decision soon, according to people familiar with the matter. Uralchem has announced its intention to buy grain assets from Viterra and Cargill if they leave Russia. The Russian division of the global grain trader Viterra (Viterra Rus) will continue to work in Russia under a new name, the company will be called MZK Export. Viterra's operating business is planned to be handed over to local management. 10.2023: AGROBUSINESS MANAGEMENT LLC becomes the new founder of the organization. The entry about the founder of PRIVATE COMPANY WITH LIMITED LIABILITY RENAISKO B.V. was removed from the Unified State Register of Legal Entities.
No new trade of Russian commodities. Statement condemning Russian invasion of Ukraine. Maintaining operations in Russia (suspended only new contracts for commodities of Russian origin). Equity stakes in En+ Group (~$645 million) and Rosneft (~$183 million). Glencore delivers Russian-origin aluminium into LME system. Commodity trader Glencore has delivered 40,000 tonnes of Russian aluminium to London Metal Exchange-approved warehouses in the South Korean port of Gwangyang. The court refused to Sberbank to arrest the shares of Rosneft owned by Glencore. Glencore sold out of Russneft in 2022, capping two decades of investments which saw the Swiss commodities firm trading millions of barrels of the Russian group's oil even as it witnessed some of Russia's top corporate and political battles. Russia’s largest bank is attempting to seize some of Glencore Plc’s Russian assets as compensation for what it says is an unpaid oil trading debt. Glencore liquidated most of its Russian assets begore the invasion was started. In October 2023 assets of Viterra were sold to AGROBUSINESS MANAGEMENT LLC. Swiss-based trading house Glencore and aluminium producer Rusal have extended their long-term supply contract into next year after the amount traded so far has amounted to a fraction of the agreement's maximum volumes.
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." A major food producer, EFKO Group, has managed to obtain permission from the Federal Antimonopoly Service (FAS) to buy out Maslenitsa LLC, a former subsidiary of the American Bunge, from Exoil Group.
Linas Agro Group announced in August 2022 that it had decided to sell Vitomek in Russia and Belfidagro Belarus. The Antimonopoly Service allowed the deal.
Steppe Agroholding acquired full control of RZ Agro, which it previously shared with members of the French family of global grain trader Louis Dreyfus. JSC Sistema announced the establishment of RZ Agro Holding Ltd. - a joint venture (JV) with RZ Agro Ltd., established in 2009 and affiliated with Sierentz Group. RZ Agro Ltd. and Sierentz Group are controlled by several members of the Louis-Dreyfus family. Former managers of Louis Dreyfus founded the grain trading company Sierentz Global Merchants in Switzerland.
Lantmännen has signed agreements to divest the Russian operations - a very important step in the divestment process - and is now awaiting approval from Russian authorities to complete the transaction. In March 2022, Lantmännen's operations in Russia were separated from the rest of the Group, as a first step in a divestment, and have since then acted completely independently. EMC shareholder Shilov takes ownership of former Lantmannen Unibake subsidiary in Russia.
Deere said it suspended shipments of machines to Russia two weeks ago as the nation invaded Ukraine, and subsequently halted deliveries to Belarus. Insight Investment Group confirmed the acquisition of John Deere Financial LLC, a subsidiary of the U.S. company, but declined to disclose the price. 11.2023: FLIT LLC becomes the new founder of the organization of the leasing company. Partial exit as key company still not sold. Significantly reduced revenue in 2023 vs 2022. 06.2024: KOBLIC GROUP LLC becomes the new founder of the organization JOHN DEERE RUS LLC. The entry about the founders JOHN DEERE AGRICULTURAL HOLDINGS, INC. and DEERE & COMPANY were removed from the Unified State Register of Legal Entities.
The global manufacturer of containers for agrochemicals Ipackchem, headquartered in Paris, sold the Russian division of the Agro Asset Management company, according to data from the Unified State Register of Legal Entities in SPARK. The deal was closed in March, and in mid-April Ipackem LLC changed its name to Agrokhim Solutions LLC.