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
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". 06.2024: Nikolai Alexandrovich Tolstov becomes the new founder of the organization. The entry about the founders of MM BOARD AND PAYPER GMBH and MM PACKAGING GMBH was removed from the Unified State Register of Legal Entities.
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".
Wienerberger decides to sell its operations in Russia. 02.2024: STROYMIKS LLC becomes the new founder of the organization. The entry about the founder of WINERBERGER AG was removed from the Unified State Register of Legal Entities. 02/26/2024: LIME-CEMENT ASSETS MANAGEMENT LLC becomes a management organization.
08.2023: LLC "E-MOBIL" becomes the new founder of the organization. The record about the founder COMPANY "COSYM HOLDING AG" has been removed.
Received revenues in Russia in 2021-2022, there is no any official announcement. 12.2023: The entry about the founder Limmer Volker was removed from the Unified State Register of Legal Entities. LLC "GROUP OF COMPANIES "GRANEL" becomes the new founder of the organization. The entry about the founder Constantia Flexibles International GMBH has been removed from the Unified State Register of Legal Entities. Partial exit, there is 1 more company. 04.2024: The entry about the founder of PRESSMAN SOFT PACKING NOVGOROD LLC was removed from the Unified State Register of Legal Entities. JSC "AGENCY FOR INNOVATION TECHNOLOGIES" becomes the new founder of the organization. 10.04.2024: The entry about the founder of PRESSMAN PREMIUM PACKAGING SPB LLC was removed from the Unified State Register of Legal Entities. 17.04.2024: The entry about the founder of JSC "AGENCY FOR INNOVATION TECHNOLOGIES" was removed from the Unified State Register of Legal Entities. JSC "GALAKTION FLEX PACKING" becomes the new founder of the organization. 18.04.2024: The abbreviated name was changed from PRESSMAN SOFT PACKING SPB LLC to GALACTION FLEX PACKING SPB LLC. 22.11.2024: LLC "TT-FOODPACK" becomes the new founder of the organization "CONSTANTIA TT" LLC. The entry about the founder of CONSTANTIA FLEXIBLES INTERNATIONAL GMBH has been removed from the Unified State Register of Legal Entities.
04.2023: 24.04.2023: Deleted the record about the founder Kirchmeier Gerhard. LLC "UK VLP" becomes the new founder of the organization. Deleted record about the founder COMMERCIAL ORGANIZATION "HASSLACHER HOLDING GMBH".
Received revenues in Russia in 2021-2022. EVN is currently in advanced negotiations with a potential buyer for the two combined heat and power plants in Moscow, which represent the last remaining activities of the EVN Group in Russia. 1 of 4 entities was sold: 11.2023: The entry about the founder of the STATE UNITARY ENTERPRISE OF MOSCOW "EKOTEKHPROM" was removed from the Unified State Register of Legal Entities. JSC "EKOTEKHPROM" becomes the new founder of the organization. 08.11.2024: Georgy Olegovich Savchenko becomes the new founder of the organization LLC EFN ECO SERVICE. The entry about the founder EFN UMWELT BETAILIGUNGS UND SERVICE GMBH has been removed from the Unified State Register of Legal Entities.
Received revenues in Russia in 2021-2023, there is no any official announcement, had manufacturing in Russia. 06.2024: LPF CAPITAL LLC becomes the new founder of the organization. The entry about the founders of UMDASH GROUP AG and DOKA GMBH LLC has been removed from the Unified State Register of Legal Entities. 18.06.2024: The full name was changed from DOKA RUS LLC to REFORM LLC.
Received revenues in Russia in 2021-2023, there is no any official announcement. 10.12.2024: Svetlana Nikolaevna Zyuss is no longer the liquidator of the organization OOO ENGEL (in liquidation since 19.08.2024). Gervin Zyuss becomes the new liquidator of the organization.
Received revenues in Russia in 2021-2022, there is no any official announcement. 04.2024: The legal entity LLC "BANNER BATTERIEN" was liquidated on April 11, 2024.
They have not condemned the Russian aggression and continued to operate. Ceased to receive income in Russia in 2023. KAPSCH TRAFFICCOM RUSSIA LLC has been in the process of liquidation since August 23, 2023. 21.08.2024: The legal entity KAPSCH TRAFFICCOM RUSSIA was liquidated.
No new Russian investments; doing strategic review of current Russian gas investments, significantly reduced its exposure to risks related to importing Russian gas later this year. OMV writes off assets in Russia for 2.5 billion euros. Austrian energy group OMV will continue to buy most of its gas from Russia this winter, its chief executive has said, even though the company has secured back-up contracts to fully cover its import needs from other sources. Vladimir Putin signed decrees according to which the shares of two foreign companies, namely the German Wintershall DEA and the Austrian OMV in joint ventures (JV) with Gazprom, will be forcibly sold to Russian owners. Russia's Gazprom has cut off gas supplies to Austrian energy company OMV, hours after Vienna said Russia had warned it would cut off flows. Austria said Moscow had informed it that gas would be cut off from Saturday, November 16, 2024 following an arbitration ruling in favor of OMV, Austria's largest energy supplier, over Gazprom's failure to meet gas supply obligations to its German unit. Gas continues to flow to Austria via the same route that it usually uses for deliveries from Russia – via Slovakia, Reuters reports, citing Eustream data. Austrian company OMV usually received 27 million cubic meters per day from Gazprom. On Saturday, November 16, 2024 deliveries stopped completely, but on Sunday, November 17, 2024 22.6 million cubic meters returned (down 17%), with the application for Monday at 22.3 million cubic meters per day and for Tuesday at around 23.6 million cubic meters. Traders and analysts said that this could be gas from Russia, delivered via the Turkish Stream pipeline or via Ukraine, where underground gas storage facilities are already full. Austrian company OMV seized €230 million worth of gas from Russia's Gazprom in October following an arbitration decision. This was the first time an EU customer failed to pay the monopolist for fuel.
Austrian insurance company Uniqa UNIQ.VI is looking into the possibility of a complete exit from Russia. UNIQA is selling its 75 per cent share in the Russian company Raiffeisen Life to the Russian insurance company Renaissance Life, along with AO Raiffeisenbank, which belongs to the Raiffeisen Bank International Group and owns the remaining 25 per cent of the shares. UNIQA completed sale of Russian subsidiary, exits market.
Received revenues in Russia in 2021-2023, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022. 02.06.2025: The legal entity VOESTALPINE BÖHLER WELDING RUSSIA LLC was liquidated.