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
28.06.2022: Nokian Tyres initiated ‘controlled exit’ from Russia. Nokian Tyres aims for Q3 decision on new plant to replace Russia production. Nokian Tyres plan to open a new factory in Romania following Russian exit. 16.03.2023: Nokian Tyres closed the sale of Russian operations and received EUR285m from PJSC Tatneft. The Government Commission for Control over the Implementation of Foreign Investments approved the purchase by Tatneft of the enterprises of the Finnish tire manufacturer Nokian Tires in Russia. The signing of the deal was announced on October 28, 2022. 16.03.2023: Nokian Tyres closed the sale of Russian operations and received EUR285m from PJSC Tatneft.
Ponsse divests its subsidiary in Russia. Ponsse Plc has completed the sale of all shares in Ponsse LLC, its subsidiary that provided PONSSE services in Russia and Belarus. After the conditions of the transaction were met, Ponsse's business operations in Russia transferred to LLC Bison, a Russian company, and the trade received the approval of the local authorities.