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
Were in the process of separating from Avito and fully exit Russia. As of the end of August 2022 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 sold Russian classifieds business Avito to Kismet for $2.4B. KEH EKOMMERTS LLC was sold to Russian investors on October 25, 2022.