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 businessPausing Investments
Reducing Activities: company scaling back some business operations while continuing othersScaling Back
Pause operations: company temporarily curtailing operations while keeping return options openSuspension
Clean Break: the company completely halting Russian engagements or exiting RussiaWithdrawal
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the marketExit Completed
Wintershall Dea will exit Russia: Wintershall Dea to deconsolidate Russian segment from financial reporting and to record one-off non-cash charge of €5.3 billion in the fourth quarter relating to the deconsolidation as well as other Russia-related impairments. Significant financial flexibility maintained. Wintershall Dea Joint Ventures in Russia economically expropriated. Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable legal obligations. German Wintershall Dea completely wrote off its share in the Nord Stream operator due to the impossibility of estimating the terms and costs of restoring the damaged gas pipeline against the background of geopolitics, the company's report says.
Initially stopped production at its St. Petersburg plant and stopped imports of vehicles; no statement about retail operations and services inside Russia. 23.09.2022: Toyota Motor decided to close its factory in Russia. But at the end of 2022 the Toyota concern was the first automaker to resume direct deliveries of spare parts to Russia. "We are talking about details that did not fall under the sanctions". Also, the Russian daughter of Toyota Motor (the official supplier of products in the Russian Federation) allowed its dealers to parallel import spare parts that are subject to restrictions, such as electronics.
The company is stopping all exports into its sales channels in the country. Apple Pay and other services have been limited. Apple pulls top Russian social media app, VKontakte, from App Store but in few days Apple has restored the Russian social network "VKontakte" in the App Store.
Announced exit Russian market BUT Fortum receives fuel from TVEL, a subsidiary of the Russian state concern Rosatom. The contract was concluded before the expiration of the current licenses for the operation of Loviis reactors. Fortum to record additional pre-tax impairments of approximately EUR 990 million related to its Russia segment. The Federal Property Management Agency received foreigners' shares in Unipro and Fortum under temporary management. Fortum has formally notified the administration of the President of the Russian Federation that it strongly objects the Decree No. 302 of 25 April 2023, based on which the Russian State Property Management, Rosimushchestvo, has seized Fortum’s Russian subsidiary PAO Fortum. Fortum to write off $1.9 billion after Russia seized assets.
LG Electronics is suspending all shipments to Russia and will continue to keep a close watch on the situation as it unfolds. The management of the South Korean LG is discussing the possibility of closing the plant in Russia (it produces refrigerators, washing machines and televisions) and transferring production to Uzbekistan at the Artel facility.
Scaling back or suspending all Russian-related business
Separated out all business activities in Russia.
Bosch suspends Russia business. Germany's economy ministry has launched an investigation into whether Bosch violated an export ban on goods that can be used for both civilian and military purposes. Bosch is looking for buyers for its Russian assets. Germany's Bosch sells some Russian assets to holding company S8 Capital.
OSTC no longer operates in Russia. OSTC ceased its business operations in Russia in March 2022 in response to the invasion into Ukraine and has been working with its professional advisors since then to fully close down the legal entity.
All exportation of cars to Russia and importation from Russia are suspended.
Japan’s Takeda suspends new clinical trials in Russia and halts new investments in Russia, Supplies of drugs and clinical trials will continue. Takeda has taken further action to discontinue activities in Russia that are not essential to maintaining supply of medicines to patients and providing ongoing support to employees. This includes suspending all new investments, suspending advertising and promotion, not initiating new clinical trials and stopping enrollment of new patients in ongoing clinical trials.
Suspends retail and e-commerce operations in Russia. Adidas said it would suspend sales in Russia, cutting 1 percent of expected revenue growth this year. The company has about 500 stores in Russia and the countries of the former USSR.
Buzzi Unicem – a company, whose Russian business is contributing to Russian war crimes committed in Ukraine. Buzzi Unicem was added on the international sponsors of war list by National Agency on Corruption Prevention (NACP). Buzzi Unicem has already explained in its press release dated May 12, 2022 the decision to immediately cease any operational involvement in the activities carried out by the subsidiary SLK Cement in Russia and to suspend all strategic initiatives and investments in the country. This means the lack of involvement of the management in the decision-making process regarding local initiatives and commercial actions.
Have decided to suspend any investment in Russia as well as commercial marketing activities
Suspend operations in Russia. "Louis Dreyfus Company (LDC) will cease grain exports from Russia from July 1, 2023, as grain export challenges continue to increase in the country, and is also assessing options for the transfer to new owners of its existing Russian business and grain assets," LDC said in a statement.
Have working production in Russia, will suspend investments in Russia, including for the repair of industrial furnaces, in addition, will reduce the production and supply of glass to automakers in the Russian Federation. Plans Russia business transfer.
Suspend all shipments to Russia
Suspend the operation of its stores in Russia
Subsidiary Uniqlo suspended some operations in Russia. The Japanese clothing retailer Uniqlo has informed the company's staff that some stores in Russia, which suspended operations in March 2022, will be completely closed. Uniqlo to sell most of its stores in Russia after incurring significant losses.
LVMH temporarily closes its 124 stores in Russia. Suspend all operations in Russia.
German logistics company Deutsche Post suspends activities within Russia
Suspend its operations in Russia due to the country’s invasion of Ukraine.
Suspending Russian transactions at end of March 2022. Also suspended any new financing in Russia.
Suspends deliveries and operations at all its stores in Russia.
Keep Russia office; stop exports to Russia
Considering the possibility of ending production in Russia.
Closing all stores in Russia due to invasion
Pause all deliveries to Russia and no operations domestically
Suspend sales of Scientific Solutions portfolio and all capital investments
Suspended all shipments to Russia.
Donating $50,000 to support humanitarian efforts in Ukraine. Also donated $1million to support Ukrainian refugees. Suspended operations in Russia.
ABB has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions. When the war broke out, ABB stopped taking new orders in Russia. At the same time, it has been fulfilling a small number of existing contractual obligations with local customers, in compliance with applicable sanctions. It was still “working on completing the exit […] in compliance with all applicable laws and sanctions.”
Suspend export shipments to Russia
Transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.
OOCL Logistics, which manages a fleet of 70 container ships, including two icebreakers, has stopped shipping dresses, skirts, trousers, shoes and other clothes already paid for from its warehouses in Shanghai and Shenzhen to Vladivostok. The company cites sanctions as the reason for the refusal.
Suspended exports to Russia due to distribution challenges.
Cisco is stopping all business operations, including sales and services, in Russia and Belarus for the foreseeable future. There are no statement about local manufacturing. A purportedly leaked Russian customs database shows around 500 shipments of Cisco gear arriving in Russia in August, months after the networking giant halted its business operations in that country. In January 2023, the manufacturer of network equipment and software products Cisco Systems "physically destroyed" its material and production stocks in Russia in the amount of 1.86 billion rubles due to the cessation of sales. These are mainly spare parts, however, other property is also subject to destruction, including the IT equipment itself, according to the accounting reports of one of Cisco's legal entities in the Russian Federation - Cisco Systems.
suspended shipments to Russia except for humanitarian medical products
Suspended operations; Moscow office was open for some time but currently it is not listed among offices worldwide: https://www.bcg.com/offices/default
Suspend direct shipments to Russia; continue Europe to Kazakhstan and Russia to Kazakhstan routes
Pausing commercial operations in Russia. Donating $300K to humanitarian charities including International Rescue Committee and CARE with employee matching 2:1 up to $200K. Licensees donating jackets and warmer clothes to Urkainian refugess. (About 2% of revenue comes from Russia)
The company suspended shipment of retail products to customers based in Russia and Belarus, and will no longer be accepting new Russia and Belarus-based AWS sign-ups and Amazon third-party sellers. It is also suspending access to Prime Video for customers based in Russia.
Cards issued by Russian banks will no longer be supported by the Mastercard network regardless of where they’re used - inside or outside of Russia. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs. All domestic transactions in Russia are processed by the central bank and Mastercard cannot block them. Also, the company has lost $30 million in 2022 due to the suspension of activities in Russia, as reported in its financial statements for 2022.
Stop all new sales of product and services in Russia. The company called its exposure to Russia and Ukraine immaterial and roughly 1% of revenue, CEO Shuky Sheffer said in an earnings call on May 11. Amdocs complies with applicable U.S. sanctions on Russia and has stopped new sales of its products and services in the country, he said.
Suspended Russian exports
French luxury group LVMH "temporarily" closed its 124 stores in Russia
The company pauses its business in Russia. Import to Russia is suspended and all shops are closed.
Stop exports to Russia & halt investments
The company stops supplies of technology, software and movies distribution.
Suspended product deliveries in Russia. Pledge of $1.1 million to UNHCR refugee agency and other international humanitarian organizations.
The shareholders of the Duracell battery manufacturer have decided to withdraw from the Russian market. Before exiting the Russian market, the company will sell off the remaining stock of goods and settle with employees. Exported goods to Russia at least till Feb-2023 - https://squeezingputin.com/support.html
Received revenues in Russia in 2021, there is no any official announcement. But some time ago Russia dissappeared as market at the company website.
Suspend shipments of tires to Russia
Temporarily suspended shipments to Russia due to the war in Ukraine (there are 81 independently owned stores in Russia). The LEGO Group has not shipped products to Russia since March 2022. We do not support or facilitate sales of LEGO products into Russia and have taken steps to increase visibility and control over any potential resale activity by our retail partners which includes adding a clause to existing retailer contracts regarding supplying Russia.
Pausing operations in Russia. (Operate 6 plants in Russia)
Another company suspended its work in Russia - the Irish concern Allergan
Suspend deliveries of all devices to Russia
Temporarily suspended the operations of its 51 stores in Russia.(Russia accounted for ~1% of group sales. Very little supply sourcing from Russia)
Received revenues in Russia in 2021. After long and detailed discussions, the KYB Group decided to suspend the activities of KUB Eurasia LLC from April 1, 2023.
Lindström Group to sell its operations in Russia. In fact, the company has not yet left the Russian Federation. The local company "LINDSTREM" LLC is active according to "EGRYUL" and the owners have not changed. Active recruitment of employees continues.
Stopped all deliveries to Russia. The sales center in Russia wants to continue delivering to companies that supply civil society. Endress+Hauser will terminate all sales and service activities in Russia.
Exiting its $14 billion (20%) stake in Rosneft, the Russian state-controlled oil company. British energy giant BP reported a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.
Shipments and sales to Russia discontinued
Stopped all business activities in Russia
On 22nd February, before the Russian regime’s invasion, Dyson stopped supplying products into Russia. Dyson has ceased online commercial, social media and advertising activities in Russia and the annual James Dyson Award is suspended there. Dyson has closed all directly managed retail spaces in Russia and, at the same time, has taken steps to stop activity in those third-party retailers which are not in their control.
Ceases its main activities in Russia and Belarus: they stop working on current projects, refuse new ones and will not take part in short-term tenders
Russian website works
The company suspends all FedEx services in Russia and Belarus.
Halted delivery and sales
DENSO suspended all shipments to Russia.
Stop goods and money flows to Russia
Suspended all shipments of devices to Russia. Donation of $1.15 million to Japanese Red Cross.
Suspending business in Russia. (Sales office and laboratory in Moscow. Russian sales amount to 2%, ~$94 million.)
Suspends new business in Russia until further notice
Paused exports to Russia. Suspension of exports to Russia (Diageo distributes its brands to 70,000 shops and 19,000 bars throughout Russia).
Suspends transactions with Russia
Suspend deliveries to Russia
Suspend all sales to Russia. Temporarily discontinuing all deliveries.
New shipments suspended
Was selling online. Fischer restricted its business in Russia.
Suspended Russian exports
Suspended production in the Swir sawmill, Russia, Wood procurement in Russia and imports to Metsä Group's mills discontinued
Received revenues in Russia in 2021. JM complies with all its sanctions obligations, and in addition will stop with immediate effect all new commercial activities in Russia and Belarus. Leave Russia and end all business there.
Temporarily suspend commercial activities
Temporarily suspends shipping of bikes, snowmobiles and outboard motors due chaotic logistic networks. Pledge of $700 K to Japan Platform for humanitarian aid for Ukraine. (Presence in Russia.)
Reduced activities in Russia. Suspended sales of luxury plumbing fixtures, orders from new customers, and marketing.
Damen Halts Delivery of Newbuilds to Russia
Still operating and advertising in Russia. Suspended some shipments.
Suspend operations at Russian mill
Halt production in Russia
Suspend deliveries to Russia
Suspend Russian exports
Suspended business in Russia.
Suspend shipping into Russia
Suspend shipments to Russia
The company refused to work in Russia (contractor in a number of LNG projects)
Suspend commercial operations in Russia
Suspending business with Russia. $100K donation to the International Committee of the Red Cross. (Office in Moscow.)
Received revenues in Russia in 2021 but completely cut off from Hydroscand Group in accordance with the sanctions from the EU. They were previously supplied via Hydroscand in Estonia, but that supply chain was ended in February as a result of Russias invasion of Ukraine.
Suspended deliveries and sales to Russia
Stop top-ups for Russian cards and block transfers to Russian institutions
Suspension of any investments on the Russian market. Suspension of operations of subsidiaries in Russia APS Traction and APS Invest.
Suspended shipments to Russia. (No manufacturing presence)
There are no press-releases, but the company released a service alert that shipment to Russia and Belarus were temporarily suspended.
Spanish firm Windar Renovables is exploring selling its 51% stake in its Russian joint venture to partner and steelmaker Severstal.
Suspended manufacturing for Russian market. Direct refugee support.
The supplier of terminals for accepting cards, the French company Ingenico, whose services are used by the largest banks, is considering the possibility of leaving Russia.
Stop Licensing Content to Russia
Block bookings and block accepting guests in Russia
Croatian Company Infobip Stops Working With Sanctioned Russian Firms