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
Maintaining operation of joint venture with the largest Russian manufacturer (Ilim Group) of pulp and paper. Exploring options including potential sale of the 50% stake. International Paper Company announced that it entered into an agreement to sell its 50% interest in Ilim SA to its joint venture partners for $484M. The company noted that the sale is subject to regulatory approvals in Russia. International Paper sells Russian JV stake to local shareholders -Ilim Group.
Left the Russian market & sold Russian business. According to Russia's anti-monopoly service, which approved the takeover, McDonald's retains the right to buy its Russia restaurants back within 15 years; 10.06.2022: "СLUB HOTEL" LLC becomes the new founder of the organization, The record about the founder "MCDONALDS CORPORATION" has been deleted. The sanctioned senator from Kabardino-Balkaria was named the real buyer of McDonald's Russian business. Kadyrov's associates could become the "shadow owners" of Russian McDonald's. At the beginning of 2025, information appeared on the Internet about the re-registration of the American McDonald's trademarks in Russia. The media of the aggressor country immediately started talking about the company's return to the Russian market after entering in 2022. However, McDonald's denied this information and stated that they regularly renew the ownership of their trademarks around the world. Even in those countries that did not conduct or no longer conduct any activity. The American corporation McDonald's has filed an application for trademark registration in Russia. The company explained that the application for re-registration of the trademark is a systematic step by McDonald's to protect against unauthorized use. And the ownership of trademarks is renewed worldwide, even in countries where McDonald's does not conduct any operations.
Arconic Corp (ARNC.N) sold its Russian operations to the majority owner of state-backed metals company VSMPO-AVISMA (VSMO.MM) for cash proceeds of $230 million, the U.S. aluminum products maker said on Tuesday. Arconic to book $304M loss on sale of Russian operations.
Announced that it has completed the sale of its beverage packaging business in Russia to Arnest Group for $530 million. The purchaser, Arnest Group, has acquired all of Ball Corporation's Russian-based business.
Sold local business on 15/11/2022. No longer provide engineering services to Russian LNG developers. Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia. But in January 2023 Baker Hughes sent Oil&Gas drilling equipment to Russia from Scotland. But the company still continues exporting to Russia months after calls for trading to cease.
September 8, 2022 - Halliburton Company today announced it completed the sale of its Russia operations to a Russia-based management team made up of former Halliburton employees. As a result, Halliburton no longer conducts operations in Russia. The LLC changed its name, was sold to an individual/individuals
March 2: Planning on temporary shut down of pulp and paper production at its Svetogorsk, Russia due to supply issues (Russian operations account ~15% total revenue in 2021). March 7: Suspending operations in Russia. Pledge of $250K to International Red Committee of the Red Cross. October 6: Sylvamo completes sale of Russian operations.
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.
Exploring options for exit; while no new investments/new contracts but fulfill existing agreements. Otis promised to sell 100% of the business to Ice Development. 27.07.2022: Regulatory approvals were received, and the sale of the Otis Russia business to Ice Development closed. Importgenius data: continued to supply equipment in 2023 after sale of the Otis Russia business in 2022.
"Whirlpool Rus" LLC was sold to Turkish investors on September 7, 2022.
Temporarily closed stores and paused all commercial activities in Russia and Belarus, promised to suspend operations in Russia. Tommy Hilfiger had running shops in the main shopping malls in Moscow and St Petersburg. 08.2023: The full name was changed from LLC "PEVIACH STORES RUS" to LLC "RETAIL EXCELENCE". Istomina Irina Vladimirovna is no longer the general director of the organization. Schukin Denis Alekseevich becomes the new CEO and founder of the organization. The record about the founders was deleted PRIVATE COMPANY WITH LIMITED LIABILITY "PVH B.V." and PRIVATE COMPANY WITH LIMITED LIABILITY "PVH EUROPE B.V.".
Ford Exits Sollers Ford Joint Venture In Russia Following Seven Month Suspension of Operations. The production line at the Sollers automobile plant in Vladivostok will be launched in 2023 together with partners from China.
Initially suspended all investment and restaurant development in Russia. Profits from Russia redirected to humanitarian efforts. Donation $1M to Red Cross and employee matching funds to other humanitarian organizations. Pizza Hut has 50 company owned locations. KFC is suspending 70 locations; over 1000 franchisee owned locations will remain open. Yum! Brands has completed its exit from the Russian market by selling its KFC business in Russia to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Audrey Eduardovich Oskolkov. Under the terms of the deal, Smart Service (a former local KFC franchisee) will leave the employees of Russian KFC restaurants and lead the process of rebranding all KFC outlets in Russia. All catering outlets will be renamed from KFC to Rostik's.
Discontinue servicing Russian customers. The owner of the largest IT company in Ukraine sold the Russian business to a firm associated with the sanctioned billionaire Potanin. 02.08.2023: REKSOFT GROUP LLC becomes the new founder of the organization. Record about founder EPAM SYSTEMS CORPORATION, INC. has been removed from the register.
Currently, Guardian Industries together with the management of Guardian Glass (Russia) are working on an exit strategy that will ensure the safety of employees, the continuation of work and compliance with the obligations of enterprises. 28/07/2022: Guardian Industries sold its business in Russia to Vladimir Alexandrovich Voronin, President of FSK Group
Exit Russian business. Emerson to sell Russia business to local management. 04.2023: METRAN HOLDING LLC becomes the new founder of the organization. Record about the founder of "EMERSON ELECTRIC NEDERLAND B.V." ("EMERSON ELECTRIC NEDERLAND B.V."). 05.2023: METRAN HOLDING LLC becomes the new founder of the organization. 22.05.2023: Financial statements for 2022 submitted.
The company provides $ 1 million. for humanitarian needs. The American company Kellogg, which had previously stopped deliveries of popular Pringles chips to Russia, decided to leave the country completely. The company will sell three factories in Voronezh, Pskov and Vyazma to the Russian GC Chernigolovka. 07.2023: JSC "AQUALIFE RESOURCE" becomes the new founder of the organization. The record about the founder KELLOGG LUX VI S.AR.L. was deleted.
Owens Corning Completes Sale of Russian Ops.
Winding down operations in Russia in 06.2022, suspended operations in 03.2022. 06.09.2023: The legal entity was liquidated.
Suspended all shipments to Russia. US Xerox sells Russian operations to local management.
Left Russia. 24.06.2022: Pavel Valentinovich Zibarev becomes the new founder of the organization. The record about the founders of "KEMINOVA A/S" and "KROPTEKH LLS, LTD" has been removed from the register
Company did advanced steps of transferring ownership of its KFC restaurants, operating system and master franchise rights, including the network of franchised restaurants, to a local operator. American holding Yum! Brands, which owns KFC, has entered into an agreement to sell 70 of its Russian restaurants and master franchise rights to a local partner, Smart Service Ltd. businessmen Konstantin Kotov and Andrey Oskolkov. The new owner was obliged to gradually rebrand all KFC establishments in Russia into Rosticʼs, signs will begin to change from 2023. Yum! Brands has completed its exit from the Russian market by selling its KFC business in Russia to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Andrey Eduardovich Oskolkov. Under the terms of the deal, Smart Service (a former local KFC franchisee) will leave the employees of Russian KFC restaurants and lead the process of rebranding all KFC outlets in Russia. All catering outlets will be renamed from KFC to Rostik's. In several locations, including in the shopping center "Gallery Airport", in Moscow, establishments with the KFC sign continue to operate, which means that the company has allowed the use of its trademarks in Russia or there is a violation of copyright.
13.05.2022: Sergienko Yakov Vyacheslavovich becomes the new founder of the organization Viktor Pavlovich Surkov becomes the new founder of the organization, Elena Evgenievna Kuznetsova becomes the new founder of the organization, Sergey Aleksandrovich Zaborov becomes the new founder of the organization, Tigran Yurievich Saakyan becomes the new founder of the organization. Deleted record of founder MCKINSEY CORPORATION RUSSIA HOLDINGS, INC. 17.06.2022: The record about the founder Sergienko Yakov Vyacheslavovich was deleted, the record about the founder Viktor Pavlovich Surkov was deleted, the record about the founder Elena Evgenievna Kuznetsova was deleted, the record about the founder Sergey Alexandrovich Zaborov was deleted, the record about the founder Saakyan Tigran Yuryevich was deleted. LLC "T.PARTNERS" becomes the new founder of the organization LLC "MSK CAPITAL" becomes the new founder of the organization
Promised to suspend new investments and to end business in Russia but reflecting changes in the ownership structure took almost 3 years. 07.11.2024: Vagapov Shamil Naipovich becomes the new founder of the organization. The entry about the founder of ZAO LIMITED LIABILITY COMPANY "GX LOGISTICS HOLDING RUSSIA B.V." has been removed from the Unified State Register of Legal Entities.
Pause sales in Russia. Veeam Software restricts access to its services for Russian companies. This was reported on March 20, 2023 by the IT consulting company Krayon. Veeam Software restricts access to its services for Russian companies. Both Veeam legal entities in Russia (VEEAM RUS LLC and EMAST SOFTWARE CORPORATION LLC) were liquidated in June 2023.
Leave Russia & transition operations
Suspend new investments and reduce manufacturing in Russia. Shipments from Russian laser manufacturer NTO IRE-Polyus to sister company IPG Photonics India increased by 62% year-on-year, and the latter’s receivables to the supplier more than doubled. IPG Photonics announced sale of a Russian unit: IPG Photonics sold its entire interest in its Russian unit IRE-Polus, marking its complete exit from Russia following trade sanctions imposed since the start of the war with Ukraine. IPG is netting $51 million in proceeds from the sale to Softline Projects and current management of IRE-Polus. 09.2024: BVPG LLC becomes the new founder of the organization. The entry about the founders IPG PHOTONICS CORPORATION and IPG LASER GMBH & CO. KG has been removed from the Unified State Register of Legal Entities.
Suspended business operations in Russia (corporate office and two production plants in Russia). US-based 3M has found a buyer for a business in Russia. 06.2023: The record about the founder of 3M SINGAPORE PTE was deleted. LTD. The record about the founder of 3M INTERNATIONAL INVESTMENTS B.V. has been deleted. LLC "BARELY TRADE" becomes the new founder of the organization. The company with the second highest revenue was sold, the first in the form of a closed joint-stock company, but the general director of Friberg Mats Lennart left there and the new CEO became a Russian.
Parker Drilling would need contract assurances protecting its assets in Russia and an exit strategy before embarking on any new business there, Parker said before. LLC in Russia was sold in 2022. JSC PARKER DRILLING COMPANY OF SAKHALIN is liquidated.
Operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions, and we are suspending operations in our Russian manufacturing facilities. The President of Russia, Vladimir Putin, signed an order for LLC "PSK — New Solutions" to purchase the Russian assets of the American company Caterpillar. The former Russian assets of the American machine-building company Caterpillar were transferred to a company owned by the Armenian investment fund Balchug Capital. Russian President Vladimir Putin approved the purchase of Caterpillar assets by a company called PSK-New Solutions in November 2023. Putin's decree and the Russian company's documents do not disclose the terms of the deal. Putin's decree states that PSK-New Solutions can buy 100% of the authorized capital of Caterpillar Tosno and Caterpillar Financial in response to Western sanctions. 06.2024: PSK - NEW SOLUTIONS LLC becomes the new founder of the organization Caterpillar Financial LLC. The entry about the founders of “CATERPILLAR INTERNATIONAL SERVICES CORPORATION” and “CATERPILLAR FINANCIAL SERVICES CORPORATION” has been removed from the Unified State Register of Legal Entities. 06/25/2024: The full name was changed from CATERPILLAR FINANCIAL LLC to FINANCIAL LLC. 06.2024: PSK - NEW SOLUTIONS LLC becomes the new founder of the organization LLC "Caterpillar Tosno". The entry about the founders of CATERPILLAR INC. CORPORATION and CATERPILLAR OVERSEAS S.A.R.L. LLC has been removed from the Unified State Register of Legal Entities. The Insider found out that in the first 3 months of 2024, more than $24 million worth of equipment and spare parts produced by the American corporation Caterpillar arrived in Russia. Among them: industrial engines, spare parts for tracked loaders, bearings for road construction equipment, electric generators for Caterpillar equipment, pumps and their parts, gears and much more. Judging by the product descriptions, we are talking about new parts and assemblies. 07.2024: The entry about the founder of PSK - NEW SOLUTIONS LLC has been removed from the Unified State Register of Legal Entities. INVESTMENT SOLUTIONS LLC becomes the new founder of Caterpillar Financial LLC and Caterpillar Tosno LLC. 04.07.2024: The name has been changed from CATERPILLAR TOSNO LLC to TOSNO LLC. 07.04.2025: Migal Aleksandr Petrovich becomes the new founder of the organization. JSC "HORIZON" becomes the new founder of the organization. The entry about the founder of CLOSED COMBINED MUTUAL INVESTMENT FUND "NEON" has been removed from the Unified State Register of Legal Entities. Most of the remaining legal entities saw their revenues fall significantly or to 0 in 2024, formally - exited.
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.
ExxonMobil has started to reduce oil production on the Sakhalin-1 project - Reuters. Exxon Mobil is negotiating to transfer its stake in the Sakhalin-1 project to another company. Exxon Mobil on Monday, October 17, 2022 said it has fully exited Russia, with the energy giant saying that President Vladimir Putin had expropriated its assets in the country and "unilaterally terminated" the company's Sakhalin-1 oil project. 15.01.2024: The legal entity in Russia was liquidated. "The Corporation holds a 25 percent interest in Tengizchevroil, LLP (TCO), which operates the Tengiz and Korolev oil fields in Kazakhstan, and a 16.8 percent working interest in the Kashagan field in Kazakhstan. Oil production from those operations is exported through the Caspian Pipeline Consortium (CPC), in which the Corporation holds a 7.5 percent interest. CPC traverses parts of Kazakhstan and Russia to tanker-loading facilities on the Russian coast of the Black Sea. In the event that Russia takes countermeasures in response to existing sanctions related to its military actions in Ukraine, it is possible that the transportation of Kazakhstan oil through the CPC pipeline could be disrupted, curtailed, temporarily suspended, or otherwise restricted. In such a case, the Corporation could experience a loss of cash flows of uncertain duration from its operations in Kazakhstan. For reference, after-tax earnings related to the Corporation’s interests in Kazakhstan in 2022 were approximately $2.5 billion, and its share of combined oil and gas production was approximately 246 thousand oil-equivalent barrels per day." - Annual Report.
09.06.2023: LLC "VOSTOK - BRAKING SYSTEMS" becomes the new founder of the organization. The record about the founder PRIVATE JOINT-STOCK COMPANY WITH LIMITED LIABILITY "WABCO AUTOMOTIVE BV" was deleted. 05.2023: The record about the founder PRIVATE COMPANY WITH LIMITED LIABILITY "WABCO EUROPE HOLDINGS B.V." was deleted.
Sony Music fully exits Russia, 6 months after suspending operations in country. The LLC was sold to an individual/individuals
Exiting all of its businesses in Russia. Exit will involve transferring ownership of its Russian businesses to independent local management. Statement condemning Russian invasion of Ukraine. The record about the founder of CJSC "MARSH (INSHURANS SERVICE) LIMATED" has been deleted.
Since the spring of 2022, Hyatt, InterContinental, Marriott, CPI Hotels, Belmond, Sokos, Four Seasons, BWH and Wyndham have left the Russian market. "We have come to the conclusion that the recently announced US, UK and EU restrictions will make it impossible for Marriott or hotel franchising to operate in the Russian market. Therefore, we decided to suspend all Marriott International operations in Russia. The process of suspending operations in the market, where Marriott has been operating for 25 years, is complex."
Planning to divest Russian operations. Public statement condemning Russian invasion of Ukraine (estimated $10 million revenue for Russian operations in 2022). Continue operating in Russia with 4 locations in Moscow, increased revenue in 2022 vs 2021. The American coworking network WeWork has agreed to sell its business in Russia. Both companies went bankrupt several years ago. The deal with O1 Properties will include four sites in Moscow with a total area of about 18 thousand square meters. m. for 3 thousand jobs. The sale is being considered by a government commission. 04.2024: SPACE 1 LLC becomes the new founder of the organization. The entry about the founders of WEWORK COMPANIES (INTERNATIONAL) B.V. and WEWORK COMPANIES PARTNER (INTERNATIONAL) B.V. has been removed from the Unified State Register of Legal Entities.
LLC was sold to a local legal entity
The LLC changed its name, was sold to an individual/individuals
No new business in Russia. 09.2023: Govor Alexander Nikolaevich becomes the new founder of the organization. The entry about the founders of INGRAM MICRO GLOBAL SERVICES B.V. has been deleted. and INGRAM MICRO EUROPE B.V. | 14.09.2023: Anna Andreevna Khomyuk is no longer the general director of the organization, Oleg Yuryevich Paroev becomes the new general director of the organization.
Suspended business with Russia. $100K donation to the International Committee of the Red Cross. 05.2024: Legal entity LLC "KEMUR CHEMICALS RUS" was liquidated on May 30, 2024.
Received revenues in Russia in 2021-2023, there is no any official announcement. 10.04.2025: The status of the legal entity IT INDUSTRIES RUS LLC has been changed to "In the process of liquidation". Shunetov Askhat Asylkhanovich is no longer the general director of the organization. Starovoit Aleksandr Vasilyevich becomes the new liquidator of the organization. In the second company, LLC "LLMZ-KAMAH", revenue fell to 5% of pre-war levels, formally - exited.
Completed exit, had a small presence in Russia, with 2021 revenues of approximately $14 million, representing less than 1% of 2021
The transaction for the sale of "Jones Lang LaSalle" to the Russian management is closed.
There are no press-releases, but the company released a service alert that shipment to Russia and Belarus were temporarily suspended. The court fined Airbnb, UPS and Spotify for refusing to localize the data of Russians. 26.07.2024: The legal entity UNITED PARSEL SERVICE (RUS) LLC was liquidated. The second legal entity, UPS SСS (CIS) LLC, has been in the process of liquidation since May 30, 2024. 07.03.2025: The legal entity UPS SCS (CIS) LLC was liquidated.
Continued to provide health care related products and operations. Temporarily paused sales and manufacturing operations in Russia and Belarus. Direct and match donations $1.25M to humanitarian organizations. 12.2023: The legal entity was liquidated.
Suspended sales, product shipment, and support services to Russia and Belarus. 24.12.2024: The status of the legal entity JUNIPER NETWORKING SOLUTIONS LLC has been changed to "In the process of liquidation".
Suspended all shipments to Russia. Donated to Red Cross. In August LLC changed its name, sold to a local legal entity.
Firstly, suspended all shipments to Russia. Then, terminated agreement with Russian franchisee and reduced business in Russia with goal at closing all stores. Franchisees may be continuing to operate stores (three locations in Russia). After Krispy Kreme exited, the rebranding was done and 'Krunchy Dream' welcomes Russian customers.
Received revenues in Russia in 2021-2022, there is no any official announcement. ON Semiconductor's annual report on Form 10-K filed with the US Securities and Exchange Commission (SEC) indicates that in September 2022 the company decided to completely wind down the division represented by the legacy of Quantenna Communications. As part of this plan, in October 2022, the work of the design center in Russia, as well as in Australia, was terminated, the document says. Companies whose components have been found inside the Shahed-136. High speed CMOS octal bus buffer manufactured by ON Semiconductor. 27.02.2024: The legal entity QUANTENNA COMMUNICATIONS was liquidated.
Reducing operations in Russia due to deteriorating business conditions and regulatory restrictions. Suspending sales to Russian state-owned entities, aerospace markets, and other sanctioned parties. Suspended new investments. Continuing to supply of coatings to food and beverage packaging customers. Continuing sales of essential products in Russia to generate local currency in order to maintain employment and meet payroll. Pledge of donation of net profits generated in 2022 from Russian operations to NPOs for humanitarian support. In Sep-2023 finalized sale, sold the remaining companies.
Received revenues in Russia in 2021-2022, there is no any official announcement. Global Payments, a Fortune 500 financial technology company with dual headquarters in Atlanta and Columbus, has sold its business in Russia. The buyer: an investment group led by Vladimir Potanin, Russia’s richest businessman and a close ally of Vladimir Putin. 26.12.2024: The status of the legal entity TOTAL SYSTEM SERVICES-RUS LLC has been changed to "In the process of liquidation".
Received revenues in Russia in 2021 and decreased it in 2022. Ceased business activity in Russia. 12.07.2023: The legal entity was liquidated.
No longer pursuing business in Russia and have committed to exit market. 05.03.2024: AKRON INDUSTRY JSC becomes the new founder of the organization. The entry on the founders of PRIVATE LIMITED LIABILITY COMPANY "DXC RUSSIA KHOLDKO B.V." and PRIVATE LIMITED LIABILITY COMPANY "D-X-C RUSSIA KHOLDCO II B.V." was removed from the Unified State Register of Legal Entities.
The company suspends all FedEx services in Russia and Belarus. Parcel delivery firm FedEx Corp said that it has reinstated international priority inbound and outbound services in Ukraine. Its services in Belarus and Russia will remain suspended, the company announced on its website. 28.12.2024: The legal entity TNT Express Worldwide (CIS) LLC was liquidated.
Received revenues in Russia in 2021-2022, there is no any official announcement. 14.08.2024: The legal entity MOMENTIVE PERFORMANCE MATERIALS RUS LLC was liquidated.
Exited partnerships in Russia. 31.05.2022: Ilya Nikolaevich Grigoriev becomes the new founder of the organization, Ekaterina Andreevna Kovalevskaya becomes the new founder of the organization, Evgenia Mikhailovna Gertsen becomes the new founder of the organization, Oksana Evgenievna Medvedeva becomes the new founder of the organization, Dmitry Alexandrovich Myskov becomes the new founder of the organization, Elena Borisovna Kalashnikova becomes the new founder organization, Kovylov Alexey Ivanovich becomes the new founder of the organization. The record about the founder PRIVATE COMPANY WITH LIMITED LIABILITY "RUSSEL SKVEA HOLDING BI VI" has been removed. 21.06.2022: Ekaterina Yurievna Fisher becomes the new founder of the organization. Deleted record about the founders "BRAV NORWAY AS" and "BRAV AS"
Wind down all business. SYSTEMS SENSOR TECHNOLOGIES was sold on 20/10/2022. The court on the application of Rosbank declared the Russian "daughter" of Honeywell bankrupt.
The LLC changed its name, was sold to an individual/individuals
Received revenues in Russia in 2021-2023, there is no any official announcement. 09.12.2024: Timchenko Andrey Igorevich becomes the new founder of the organization LLC EXTERRAN VOSTOK. The entry about the founders PRIVATE LIMITED LIABILITY COMPANY EXTERRAN HOLDING COMPANY NL B.V. and PRIVATE LIMITED LIABILITY COMPANY EXTERRAN SERVICES B.V. has been removed from the Unified State Register of Legal Entities.
Withdrawal from Russia by divesting all local agencies. The LLC changed its name, was sold to an individual/individuals.
Stops business operations. Cards issued in Russia and Belarus are not serviced abroad. Cards issued abroad are not serviced in Russia and Belarus. Cards continue to work inside the countries. Russian President Vladimir Putin allowed American Express Bank to carry out voluntary liquidation measures in the manner prescribed by the legislation of the Russian Federation. The corresponding order was published on the portal of regulatory legal acts. American Express Bank LLC has a basic license to carry out banking operations with funds in rubles and foreign currencies (without the right to attract deposits of funds from individuals and carry out collection of funds, bills, payment and settlement documents and cash services for individuals and legal entities). The Bank of Russia, by order No. OD-1290 dated 13.08.2024, revoked the banking license of American Express Bank Limited Liability Company American Express Bank LLC (reg. No. 3460, Moscow). In terms of assets, the credit institution ranked 300th in the banking system of the Russian Federation.
The first major Wall Street bank to exit Russia in response to its invasion of Ukraine. Wind down business in Russia but buy Russian debt. Russian structures Goldman Sachs and Bank of America recorded losses at the end of 2022 for the first time in at least five years. According to the report, at the end of last year, Goldman Sachs Bank recorded losses of 176.6 million rubles against a net profit of 2.1 billion rubles in 2021. Russian President Vladimir Putin has authorized the Balchug Capital company to acquire 100% of the shares of Goldman Sachs Bank LLC, which belongs to the Goldman Sachs Group. Goldman Sachs and JPMorgan in February 2025 started to offer investors ruble-linked derivatives. In the beginning of April 2025 it was announced that Goldman Sachs would sell Russian shares to Balchug Capital. Balchug Capital received special permission to purchase a portfolio of securities of Russian issuers from Goldman Sachs International. Russian President Vladimir Putin signed the corresponding order on April 2, 2025. It mainly included shares of oil and gas companies (Gazprom, LUKOIL, Rosneft, NOVATEK, Surgutneftegaz, Tatneft), as well as securities of Inter RAO and NLMK. Balchug Capital reported that it had closed a deal to acquire the Russian subsidiary of the American bank Goldman Sachs. According to an extract from the Unified State Register of Legal Entities, Balchug Capital CJSC became the owner of a 100% stake in Goldman Sachs Bank on April 23. The nominal value of the stake is 1.45 billion rubles. 23.04.2025: The entry about the founder of GOLDMAN SACHS GROUP, INC. has been removed from the Unified State Register of Legal Entities. CLOSED JOINT-STOCK COMPANY "BALCHUG CAPITAL" becomes the new founder of the organization.
Received income in Russia in 2021 which significantly decreased in 2022. Nielsen says it is examining its operations in Russia. 07.09.2023: The legal entity was liquidated.
Wind down operations & liquidate subsidiary. 09.02.2024: The legal entity IDEXX LABORATORIES LLC was liquidated.
Closed its web site in Russia. LLC "JEYBIL" is in the process of liquidation.
The LLC was sold to an individual/individuals
Suspended Russian operations. 10.04.2023: The legal entity was liquidated.
Exit and no longer have a brand presence in Russia. Starbucks set to sell Russian business to restaurateur Anton Pinskiy. The American company Starbucks suspended the work of all establishments in Russia in March 2022, and in May 2022 announced its decision to leave the market. The chain of coffee houses was acquired by Pinsky, Timati and the Sindika holding company of the senator from Kabardino-Balkaria Arsen Kanokov (he also headed the region in 2005-2013). The deal was closed by the end of July, according to Pinsky, Starbuck's assets were sold for 500 million rubles. In August 2022, the first establishment of the network was opened. Starbucks is returning: the company registers new trademarks in Russia - at the end of May 2024, 8 applications were submitted to Rospatent.
Withdraw all operations in Moscow; stop taking new customers; stop ads; а Moscow court accepted a bankruptcy application by Google's Russian subsidiary. The "Ъ" source in the Russian electronics market said that Google is increasingly refusing GMS (Google Mobile Services, which includes YouTube, Google Play, cards, etc.) licenses to domestic manufacturers of smartphones and tablets. According to him, as a result, vendors receive a Google license with the help of production sites that position "Russian" devices as international. The Arbitration Court of Moscow has declared the Russian subsidiary of Google, LLC "Google," bankrupt, with debts totaling 53.6 billion Russian rubles. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database.
Suspended operations in Russia. 06.10.2023: The legal entity was liquidated. Despite liquidation of the local entity the company continued to support software usage but promised to ban it from March 20, 2024. Autodesk stops access in the Russian Federation even to pirated versions of its software.
Had Russian subsidiary. 03.02.2025: Legal entity JSC "CELANESE SALES RUS" was liquidated.
Received revenues in Russia in 2021, there is no any official announcement. 15.02.2023: The legal entity was liquidated.
Initially suspended all sale with Russia and Belarus for the duration of the Russian invasion of Ukraine. Worked with platform partners in the region to remove games from their stores. Removed all Russian and Belarusian nationals teams and clubs from NHL 22. Removed Russia and all Russian Clubs from FIFA game. The legal entity of the American developer and publisher of computer games Electronic Arts (EA) in Russia has been liquidated, according to information in the unified state register of legal entities. The founders of "Elektronik Arts" LLC are the Dutch Electronic Arts Nederland B.V. and the German Electronic Arts GmbH. According to the company statement, information about the termination of the legal entity's activity by its liquidation was entered into the register on March 31.
FLEETCOR Technologies, Inc., a leading global business payments company, on August 15, 2023 announced the sale of its Russia business to a local investment group. The transaction divests all of FLEETCOR’s operations in Russia. “We concluded the sale of our Russia business this week and are now completely out of the market. We are also announcing the launch of a $450 million ASR to buyback FLEETCOR stock,” said Ron Clarke, Chairman and CEO of FLEETCOR Technologies, Inc.
After February 24, 2022, Global Spirits revoked licenses for the production and distribution of products on the Russian market. Russian factories, where its products were previously produced, are now producing alcohol under new brands adapted for Russia. The IT systems belonging to the previous owners were locked down. According to the SBU materials, alcohol magnate Yevgeny Chernyak has been charged with suspicion - the Security Service of Ukraine. The Russian Prosecutor General's Office demanded that the assets of the alcohol holding Global Spirits, which before the war in Ukraine produced the popular vodka brands Khortytsya, Morosha and Pervak in the country, be transferred to state ownership. The Leninsky District Court of Kursk satisfied the administrative claim of the Prosecutor General's Office of the Russian Federation to convert the assets of the Global Spirits alcohol holding (vodka brands Khortitsa, Pervak and Shustov), owned by Ukrainian businessman Evgeniy Chernyak, into state income.
Google withdraws internship offers to foreign students in Russia, restriction of Google Pay for sanctioned banks, termination of advertising sales in Russia; а Moscow court accepted a bankruptcy application by Google's Russian subsidiary. Google has removed over 7,000 YouTube channels with links to China, Russia. The "Ъ" source in the Russian electronics market said that Google is increasingly refusing GMS (Google Mobile Services, which includes YouTube, Google Play, cards, etc.) licenses to domestic manufacturers of smartphones and tablets. According to him, as a result, vendors receive a Google license with the help of production sites that position "Russian" devices as international. Intel has officially joined Apple, which had previously refused to use metals from the Russian Federation in its devices. Google, which produces Pixel smartphones, and Microsoft, which produces game consoles, continue to use Russian tungsten, gold and tantalum in their gadgets. The United States has a ban on tantalum from the Russian Federation, but not a single company has been fined for such imports. Google began to massively block services for Russian companies. The Arbitration Court of Moscow has declared the Russian subsidiary of Google, LLC "Google," bankrupt, with debts totaling 53.6 billion Russian rubles. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database. Russian TV channels' demands to Google reach ₽2 undecillion.
Suspended services for sanctioned clients and Russian or Belarusian government entities. Continued to provide provide services to exiting non-sanctioned clients in Russia or Belarus. Suspended business with its Russian member firm FBK. The company left the Russian market in March 2022. The main legal entity (Grant Thornton LLC) was liquidated on July 3, 2023.
Suspending new investments in Russia anf continued holdings and relationships with Russian investors, partners, tenants. For the past few months, Hines has been selling assets and beginning the process of dismantling one of the largest international real estate businesses active in Russia. Global real estate investment giant Hines is exiting its Russian real estate business. Local entity "HINES DEVELOPMENT RUS" LLC was liquidated before the war but still some real estate assets remained.
Sold Russian business to a local enterprise
On May 24, 2022, Nordson indefinitely suspended all new and existing business in Russia and Belarus and, thereafter, wound down and ceased its business activities in those countries. 24.03.2025: The legal entity NORDSON RUS LLC was liquidated.
Nvidia had already suspended shipments to Russia but kept a presence there “to support our employees and their families,” the company said in a statement Monday, 3 October 2022. Now it is “ceasing all activities” in the country, Nvidia said. Nvidia has officially left Russia, follows from its reporting for the third quarter of 2022. It has been working in Russia since 2003. At the same time, Russia plans to use banned Nvidia H100 GPUs to build Top 10 Supercomputers. NVIDIA technology found in Russian military drones.
Operations in Russia were suspended. Revenue has significantly dropped in 2022 vs 21. The court declared the division of Oracle in Russia bankrupt. Oracle Corporation, which left Russia, left debts for 1.254 billion rubles. At the end of December 2024, the Russian division of the software developer Oracle filed claims for 172.9 million rubles in the Moscow Arbitration Court against participants in its bankruptcy process.
Made the decision to exit what has been a very small business in Russia resulted in a USD 6 million charge relating to the write-off of receivables, inventories and other costs related to contracts.
Received revenues in Russia in 2021-2022, there is no any official announcement. Ceased to receive income in Russia in 2023. JSC "SPECTRUM BRANDS" has been in liquidation since September 21, 2023. 19.11.2024: The legal entity JSC "SPECTRUM BRANDS" was liquidated.
Iran-made Shahed-131 kamikaze drones contain processors manufactured by Texas Instruments, the U.S. company. Company comment: "TI stopped sales to Russia and Belarus at the end of February, and we no longer support sales there. TI complies with applicable laws and regulations in the countries where we operate. We do not support or condone the use of our products in applications they weren’t designed for." Supply channels to Russia have remained open despite Western export restrictions and manufacturer bans. According to the Ukrainian assessment, among the US-made components found in the drone were nearly two dozen parts built by Texas Instruments, including microcontrollers, voltage regulators, and digital signal controllers. Response of the company: "TI is not selling any products into Russia, Belarus or Iran. TI stopped sales to Russia and Belarus at the end of February 2022, and we no longer support sales there". According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA). 28.06.2024: The legal entity TEXAS INSTRUMENTS RUSSIA SALES LLC was liquidated.
The American TJX Companies, which received 25% of the Russian chain of Familia stores about two years ago, ceased to be its co-owner, possibly writing off $218 million after this transaction.
Divest from partnership with Yandex. Uber - the world's largest taxi service - is finally saying goodbye to the Russian market. As "Interfax" reports with reference to an informed source, the government has approved a deal to sell Uber's stake in a joint venture with Yandex.