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
PPF agrees to sell Russian banking assets. Was sold to a local legal entity. The last asset in the Russian Federation of the Czech PPF Group will go to the transport company Lidertrans.
Received revenues in Russia in 2022. 25.12.2025: The legal entity METAPROAKTIVE LLC was liquidated.
The President of Russia Vladimir Putin authorized the purchase of the assets of the Czech J&T Bank in the Russian Federation by the Bureaucrat holding, which owns Realist Bank. 12.2023: The status of the legal entity is changed to “The legal entity is in the process of reorganization in the form of merger with another legal entity” | 12.12.2023: LLC "BUROKRAT" becomes the new founder of the organization.
Statement condemning Russian invasion of Ukraine. Indefinite suspension of sales, research, and development in Russia and sales in Belarus. In addition to terminating all sales, all of the offices in Russia, including Moscow, Novosibirsk, and St. Petersburg were shut down. Work on the new campus in St. Petersburg was also terminated. All R&D activities were gradually stopped and liquidation papers for the Russian legal entity were filed in August 2022. 19.04.2023: The legal entity was liquidated.
Due to the geopolitical situation during 2022, on December 31, 2021, the Bank significantly reduced its risk to Russia, both by adjusting the limits on counterparties from these countries and by limiting the limits on transactions in rubles. 22.11.2024: The entry about the founder PUBLIC LIMITED LIABILITY COMPANY "PPF GROUP N.V." has been removed from the Unified State Register of Legal Entities. INVEASTA INVESTMENT IN COMMERCIAL ENTERPRISES AND MANAGEMENT LLC (from the UAE) becomes the new founder of the organization PPF LIFE INSURANCE LLC.