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
Sanctions against the Russian media. Russia in 2021 demanded that 13 firms, mostly U.S. technology companies such as Alphabet's (GOOGL.O) Google, Meta Platforms' (META.O) Facebook, Apple (AAPL.O) and Twitter become officially represented on Russian soil by the end of the year or face restrictions on advertising, data collection or money transfers. Moscow's subsequent invasion of Ukraine intensified Russia's disputes with Big Tech, ultimately leading to Twitter, Facebook and others being banned from the market. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database.
The Group has reached agreement in principle to sell the business to their local partners, subject to legal and binding agreements. Will transfer its ownership stake of its joint venture in the region to a local partner. Increased revenue in 2023 vs 2022.
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.
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.
Scaling back or suspending all Russian-related business. Decreased revenue in 2023 vs 2022.
Suspended new clinical trials in Russia. Astellas halts antibiotics production in Russia. In a significant development, Astellas, a leading Japanese pharmaceutical company, has decided to halt the production of its antibiotics, Vilprafen and Vilprafen Solutab (Josamycin), in Russia. This decision has instigated a scarcity of these drugs within Russian pharmacies, with virtually no supplies available in Moscow. 24.02.2022: One of the two legal entities (ASTELLAS PHARMA JSC) was liquidated.
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.
Global carmakers are feeling the pinch as logistics and supply chain disruptions to the Russian market have become a reality. Kia the latest automaker to mull exiting Russia. Revenue in 2022 from Russian operations has significantly dropped vs 2021. Significantly decreased revenue in 2023 vs 2022 (more than 5.8x! times). The Ministry of Industry and Trade has permitted parallel import of Kia and Hyundai spare parts. Kia may be the first global car company to return to Russia. The Korean concern has included Russia in its updated sales plan. Recently, there have been rumors suggesting that Kia, a subsidiary of Hyundai Motor Group, plans to re-enter the Russian market. However, industry sources and local media reports clarified that these rumors are unfounded. Kia has strongly denied any plans to return, stating that such claims are “not true.” The Hyundai Motor Group further explained that the sales figures announced at the ‘2025 CEO Investor Day’ pertain to the entire Commonwealth of Independent States (CIS), not specifically Russia. The CIS includes countries like Kazakhstan and Uzbekistan, which are part of Kia’s broader sales strategy.
Suspend all shipments to Russia
General Electric Co said it is suspending operations in Russia, with the exception of providing essential medical equipment and supporting existing power services in the region. "We have suspended operations in Russia, with the exception of supporting existing power services to the people in the region," a GE spokesperson told MarketWatch in January 2023, reiterating the company's message from last year. The American General Electric (GE) will not be able to continue servicing gas turbines for the heat of power plants with a total capacity of 5 GW in Russia due to sanctions.
German logistics company Deutsche Post suspends activities within Russia. 05.06.2023: One of the four legal entities (DHL GLOBAL MAIL) was liquidated.
Suspend its operations in Russia due to the country’s invasion of Ukraine.
According to press reports, the company is discontinuing the local production in Russia and export to the Russian market. But Rolls-Royce also has new cars for sale in Russia and claim they don't know how. The German automobile concerns Mercedes-Benz and BMW disconnected Russian dealers from the software, which was used for car maintenance. Significantly decreased revenue in 2023 vs 2022.
Keep Russia office; stop exports to Russia
The Russian Federation and the People's Republic of China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group. The National Agency on Corruption Prevention (NACP) included the Chinese group of companies Alibaba Group Holding Limited, which owns the largest online commerce platform AliExpress, on the list of "international war sponsors". The reason for this decision in NAZK was called the continuation of the company's work in Russia, in particular, the provision of a platform for the sale of goods produced by the Debaltseve plant of metallurgical engineering in the DPR. The Chinese company Alibaba, which owns the AliExpress marketplace, has tightened conditions for Russian business: it has stopped accepting rubles and does not allow delivery to Russia.In 2022, Alibaba stopped investing in the Russian subsidiary of AliExpress. In 2023, the company's revenue in Russia decreased by 36%, to almost 10 billion rubles.
Pause all deliveries to Russia and no operations domestically
Suspend sales of Scientific Solutions portfolio and all capital investments
LVMH temporarily closes its 124 stores in Russia. Suspend all operations in Russia. LVMH said in January 2025 that it was “impossible” to control the final destination of products sold by third-party distributors after a report said the French luxury group’s champagne reached Russia even after it had ceased business there.
Currently able to maintain business in parts of Ukraine and in Russia, at least to a limited extent. But the more likely scenario for Zeppelin is that we will be forced to exit. The company generates around 20% of its €3.7 billion annual sales in Russia and Ukraine. Significantly reduced revenue in 2023 vs 2022.
Siemens' parent company announced its exit on May 12. Siemens Mobility has already announced the termination of contracts with Russian Railways for the maintenance of Sapsans, and a contract worth 1.1 billion euros for the supply of Sapsans. In addition, Russian Railways is suing them - the St. Petersburg Arbitration Court took away equipment for servicing trains in favor of Russian Railways. There is still a joint venture with Sinara for the production of trains.
Suspend export shipments to Russia
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.
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
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. Russia's state communications regulator Roskomnadzor has added Amazon Web Services and 11 other foreign technology companies to a widened list of firms it wants to open local offices or face penalties and possible bans. A magistrate in Moscow imposed a fine of more than 200 million rubles on the American company Amazon. for an administrative offense. It is due to the company’s lack of representative office in the Russian Federation.
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. Revenue dropped to 0 in 2023. From January 1, 2025, security certificates for some Visa and Mastercard cards in the Russian Federation will no longer be valid.
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. Adidas announced closing its stores in Russia shortly after the invasion in 2022. The customs records indeed show that shipments of Adidas products stopped as well. However, the shipments have resumed in October of 2022 and by value have easily exceeded pre-invasion levels. Comparing total shipments for Adidas trademark for the last three years leads to a clear conclusion: after the invasion and the Adidas announcement of leaving Russia the imports drastically reduced from the total $195.3 m in '21 to $64 m in '22. Yet toward the second part of '23 the volume has been restored, so the total for that year was $198.7 m.
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.
Received revenues in Russia in 2022-2024. Zentiva sells operations in Russia and CIS markets, no details disclosed officially so far.
Stop exports to Russia & halt investments
Regulators continue to remove economically significant organizations from foreign jurisdictions. Thus, the Ministry of Industry and Trade filed a lawsuit against the Finnish Arctech Helsinki Shipyard Oy, which owns 49% of the Nevsky Shipyard (SSZ), which may be related to the suspension of the foreign company's rights. As a result, the direct owner will probably be the United Shipbuilding Corporation, which manages the asset. Considering the Nevsky Shipyard's order portfolio with a high share of government orders, optimization of the ownership structure is logical, experts say.
Received revenues in Russia in 2022. Significantly reduced revenue in 2023 vs 2022.
Suspended product deliveries in Russia. Pledge of $1.1 million to UNHCR refugee agency and other international humanitarian organizations. Cameras of the Japanese brands Canon, Fujifilm, Sony and batteries of the American Duracell will be included in the list of parallel imports.
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. Significant drop in revenue (from $215m in 2021 to $55m in 2022 - according to RAS) resulted also in massive staff reduction which decreased from 1000+ employees in 2021 to ~70 in 2022.
All exportation of cars to Russia and importation from Russia are suspended. The car plant in Kaluga, which had been shut down since April 2022, resumed production of French Stellantis cars: the Automotive Technologies company with little-known owners launched the assembly of the Citroen C5 Aircross. According to customs data, vehicle kits for assembly come from China from the Dongfeng Peugeot-Citroen Automobile plant. The Stellantis concern in February announced that at the end of 2023 it was no longer related to both the joint venture in China with Dongfeng and the plant in Kaluga, control over which it considered lost. The Automotive Technologies company announced the start of sales of crossovers under the Citroen C5 Aircross brand, assembled at the PSMA Rus plant in Kaluga. Production began in March without permission from the European company Stellantis, which owns the rights to the brand. She left Russia after the start of the war in Ukraine.
Significantly reduced revenue in 2023 vs 2022.
Another company suspended its work in Russia - the Irish concern Allergan
Suspended its retail operations in Russia. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect.
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.
The company promised to stop 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. Due to a decrease in demand for premium smartphones from Apple and “uncontrolled supplies” of parallel imports, an oversupply of smartphones has developed on the market, primarily the iPhone 14 and 13. At the end of spring 2023, some iPhone models even fell in price by 6-10%. The American company Apple has published new rules for Russian app developers, allowing their users to use external payment methods for making purchases without Apple's involvement. Federal Antimonopoly Service (FAS) of Russia: "Apple paid a fine of 1.1 billion rubles (~$13mn) to the Russian budget. In July 2022, the service found the company to have violated antitrust laws. Apple prohibited iOS app developers from informing in-app customers about the ability to pay for purchases outside the App Store, as well as from using alternative payment methods.” Significantly decreased revenue in 2023 vs 2022.
Shipments and sales to Russia discontinued
Suspend operations outside of staple food products. Foreign owners of the company Chr. Hansen has decided to stop supplying Russia, its Russian division said in a letter to customers. Operations will cease until the end of 2024, it said. “Together with our clients, we will organize, as far as possible, a smooth and comfortable transition period,” the letter says.
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
Halting cargo bookings with Russia. Maersk expects a quick conclusion of negotiations on the sale of business in the Russian Federation. Agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group. In 2022 and 2023, Maersk transported mining equipment for a company owned by the Wagner Group in Sudan. The expert explains that the Danish shipping company provided a centralized service for one of Russia's important sources of income. 16.09.2024: The legal entity MAERSK LLC was liquidated. MAERSK SOLUTIONS LLC is still operating, although it did not receive revenue in 2023.
The Chinese electronics manufacturer Honor promised to suspend the official supply of devices to the Russian Federation. But later new Honor smartphones went on sale in Russia. Significantly reduced revenue in 2023 vs 2022.
Stop goods and money flows to Russia
Canadian Four Seasons has suspended direct management of hotels in Russia. Since the spring of 2022, Hyatt, InterContinental, Marriott, CPI Hotels, Belmond, Sokos, Four Seasons, BWH and Wyndham have left the Russian market. The Meshchansky Court of Moscow nationalized the entire building of the Hotel Moskva, including the five-star Four Seasons Hotel Moscow located in the building.
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). Moscow Brewing Company (MPK) decided to supply Irish Guinness and has already imported the first batch of the drink. IPC imported a batch of Guinness Draught, which includes kegs with a capacity of 30 liters.
Suspends transactions with Russia.
Production on one site in St. Petersburg is stopped. Significantly reduced revenue in 2023 vs 2022.
Suspend deliveries to Russia
Suspend direct shipments to Russia; continue Europe to Kazakhstan and Russia to Kazakhstan routes
Received revenues in Russia in 2021-2022, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022.
Suspend all sales to Russia. Temporarily discontinuing all deliveries.
Suspend sales and shipments to Russia but independent sellers remain operational. Significantly reduced revenue in 2023 vs 2022. Not officially - continues to sell its products "off the shelf". On the local website - new products. Consumers receive products with Russian descriptions and marketing materials in Russian. Product distributors ("independent partners", "distributors") actively continue to sell and promote products in VK, Telegram communities, etc.
Promised to suspend deliveries and operations at all its stores in Russia. Questions about Puma's relationship with wholesalers linked to Russia arose as early as May 2022. One of the leading exporters after the invasion is EUT SOLUTIONS PTE. LTD, a Singapore company, registered on 10 August 2022. Local entity significantly reduced revenue in 2023 vs 2022. According to representatives of PUMA Group, they have significantly reduced staff and are reducing their activities on the Russian market, and are also closing the legal entity (although this has not yet been reflected in official registers).
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. Uniqlo has refused to rent premises for all its stores in the Russian Federation: these spaces have already been occupied or are being occupied by other retailers. The company really waited an hour, keeping salaries, staff and an office in Russia. Now the legal entity of the retailer has stopped any activity. True, Uniqlo does not plan to liquidate it, hoping to resume business someday, says one of its partners.
Suspended Russian exports
The company stopped all sales in Russia and then Belarus. The company actively shutting down cloud operations in Russia. SAP delays Russia exit as deal talks fail and workers at risk. The German company SAP, one of the world's largest developers of ERP systems, was left with several hundred million euros in operating profit due to its departure from Russia and Belarus. All losses are reflected in its report for 2022. However, it later became known that support is still available to customers with current contracts. SAP created a closed portal for Russian customers to download software updates from there. The former head of the Russian office of SAP headed the company, which provides technical support for Russian customers. The German supplier of industrial software SAP stops supporting its solutions in Russia. The developer's clients have already started to transfer the technical support of their systems to local IT companies. However, there is still no full-fledged analogue of SAP in Russia. Significantly decreased revenue in 2023 vs 2022.
Continued doing business as usual. Significantly reduced revenue in 2023 vs 2022.
Estonian construction materials manufacturer Betoneks wrote off the Russian subsidiary from its balance sheet, but legally remained its owner. One of the largest manufacturers of reinforced concrete products in the North-West of the Russian Federation, Betonex St. Petersburg, was written off from the balance sheet of the Betoneks holding.
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.
Still operating and advertising in Russia. Suspended some shipments. Cameras of the Japanese brands Canon, Fujifilm, Sony and batteries of the American Duracell will be included in the list of parallel imports.
Suspended business in Russia.
Manitou Group suspended its shipments of machines to Russia and Belarus from the first days of the conflict (even though the EU sanctions at the time did not prohibit Manitou machines from being exported to 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
In the summer of 2022, a subsidiary of the German construction company Bauer Spezialtiefbau sold its assets to a Russian businessman; the court declared this deal invalid due to the lack of permission from the government commission.
Continue doing business as usual. Significantly reduced revenue in 2023 vs 2022.
Promised to suspend deliveries of all devices to Russia. Kyocera files US lawsuit over Russian sanctions. Kyocera Document Solutions America has sued the New Jersey, USA Department of Treasury over economic sanctions against Russia over the invasion of Ukraine. The NJ state law prevents government entities from contracting with a company whose parent has operations in Russia. Significantly reduced revenue in 2023 vs 2022. 06.2024: Internal transfer. The entry about the founder of PRIVATE LIMITED LIABILITY COMPANY "KYOCERA DOCUMENT SOLUTIONS EUROPE B.V." was removed from the Unified State Register of Legal Entities. PRIVATE LIMITED LIABILITY COMPANY "KYOCERA DOCUMENT SOLUTIONS EUROPE MANAGEMENT B.V." becomes the new founder of the organization.
Suspended shipments to Russia. (No manufacturing presence)
Block bookings and block accepting guests in Russia. A Russian court has fined American company Airbnb 6 million rubles ($65,400) for repeatedly failing to localize data in accordance with Russian law.
Avind International Oy acquired in 2021 Transpoint International (FI) Oy and its two Russian subsidiaries owned by VR Group. With the acquisition, Avind will become one of Finland’s largest Russian logistics companies, that offers services also to CIS-countries, Central-Asia and China. Logistics company Avind from Khamina left its main market - "We left Russia because of the war, business is turning 180 degrees".
The company pauses its business in Russia. Import to Russia is suspended and all shops are closed. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect. The bulk of indirect shipments after the invasion is traded by Switzerland.
Received revenues in Russia in 2021-2022, there is no any official announcement. Luxury international brands, which suspended operations in Russia after the start of the military conflict in Ukraine and initially took a wait-and-see attitude, are beginning to get rid of their stores. Italian Prada and Fendi followed the same path. It is simply unprofitable for retailers to rent space under non-working stores for a long time. Italian Fendi reported in a report that it refused to rent three premises in Moscow. At the same time, as follows from the materials of "Fendi Ru", the contract for the lease of the boutique in the Center is still valid, but it is planned to be terminated from August 1, 2024.
Suspended manufacturing for Russian market. Direct refugee support.
Stop Licensing Content to Russia
The Megogo online cinema has stopped working in Russia. Received revenues in Russia in 2022.
The company stops supplies of technology, software and movies distribution. Cameras of the Japanese brands Canon, Fujifilm, Sony and batteries of the American Duracell will be included in the list of parallel imports. Revenue of JSC "SONY ELECTRONICS" in Russia significantly (-82%) dropped in 2023 vs 2022. Disney and Sony received £13.5m in payments from Russian joint venture after Ukraine invasion despite suspension of operations in the country. The Moscow-based company responsible for marketing and distributing films in Russia made by the two studios paid out £13.1m in dividends in March 2022, a month after Russia invaded Ukraine. An analysis of recently filed accounts shows a further £440,000 was paid between July and December 2023. The money was paid by Moscow-based Walt Disney Studios Sony Pictures Releasing (WDSSPR) to Eastern European Holdings (EEH), a joint venture between Disney and Sony’s London-based Columbia Pictures unit.
Received revenues in Russia in 2021-2022, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022.
Continue doing business as usual. Significantly reduced revenue in 2023 vs 2022.
March 16, 2022: Suspended the supply of appliances to Russia, exceeding EU sanction requirements. March 9: Significantly reduced operations in Russia. Significantly reduced revenue in 2023 vs 2022.
Suspend all new investments in Russia
Temporarily closing stores in Russia (50 stores operating in Russia). Russian sales points of Women' secret have remained closed since March 2022, when Tendam announced its withdrawal from the Russian market due to the military conflict between Russia and Ukraine. The company, which announced its departure from Russia, will transfer some of its points of sale in the country to the Belarusian franchisee Fashion House.
Suspended business in Russia
Suspend operations in Russia
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 continues to operate in the regions and made deliveries in 2023. Significantly reduced revenue in 2023 vs 2022.
Have active local entity in Russia. Significantly reduced revenue in 2023 vs 2022.
Blocked Russian state media channels from the platform, including RT and Sputnik, followed by suspension of operations. TikTok announced massive layoffs in the Russian office but is ‘shadow promoting’ banned Russian content to users and increased number of staff in Russia from 42 to 363 in 2022. Profit of Russian TikTok in 2022 grew tenfold in a year. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database. TikTok said that it was introducing new measures to limit the spread of videos from state-affiliated media accounts, including Russian and Chinese outlets, as the company deflects criticism that it could be used as a propaganda tool in a major election year.
Suspend Russian business
Has a relatively small business in Russia (3% of revenue), paused operations amid sanctions, avoid any write-downs
Stop all sales to Russia & Belarus
One single project was terminated. Since the beginning of the full scale invasion, Evonik only stopped new business development in russia and of course applies to EU sanctions. Significantly reduced revenue in 2023 vs 2022.
Received revenues in Russia in 2021-2022, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022.
Sales in Russia and Belarus are well below 1% of the total company sales and we are suspending operations in these regions.
Not leaving or suspending. Paused all shipments in and out of Russia. Starting deliveries again after legal actions taken to be able to continue them. Alfa Laval expects to have largely completed the wind down of business activities in Russia by mid-2023. The company has not accepted any new orders for delivery to Russia, or for use in Russia, since 3 March 2022. Since the Russian invasion of Ukraine, Alfa Laval has decreased the number of employees from 230 employees to 60 at the end of March 2023, and the number will continue to decrease until the wind down is completed. Some employees will remain somewhat longer to manage the premises and entity. Significantly reduced revenue in 2023 vs 2022.
Suspend all commercial activities in Russia. 26.11.2024: AMER SPORTS HOLDING GMBH LLC (Austria) becomes the new founder of the organization AMER SPORTS CJSC.
Suspend business in Russia
The Swedish electronic and audiobook service Storytel will leave the Russian market on October 1, funds for unused subscription days will be returned to customers. pause its operations in Russia until further notice, including halting all content production and new content acquisitions in Russia.
Suspended operations with Russia. Closed sales office and suspended operations with United Wagon Co. (joint venture partner).
French software developer Dassault Systèmes suspended operations in Russia and Belarus, and is now trying to imprison the directors of factories important for Russia for piracy and paralyzing large production - the Russian police of Dassault Systèmes are helping. Reduced revenue in 2023 vs 2022.
Reduced revenues in Russia in 2022, all Eltek's businesses operations were suspended since the initiation of the EU sanction announcement in February 2022. Eltek remains committed to complying with international norms and regulations. Company have diligently adhered to the trading rules established by the European Union (EU) since the beginning of the conflict. Eltek has taken all necessary measures to ensure we adhere to the regulations fully.
Suspend all shipments to Russia
Significantly increased revenue, assets, capital and net profit in 2022 vs 2021. Rosselkhoznadzor has banned the import of pet food from the Italian brand Farmina Pet Foods. The regulator claims that arsenic was repeatedly found in the products produced by the company’s plant in Serbia (arsenic was first discovered in these feeds on December 15, 2023). Restrictions are introduced from January 31, 2024. Significantly reduced revenue in 2023 vs 2022.
Suspend operations of on-site and online stores
Keywords Studios, the Irish video game services company, said it has made “significant progress” in reducing its presence in Russia. A spokeswoman said it was “well advanced” in relocating staff to Poland, Serbia, Armenia and Malta. Significantly reduced revenue in 2023 vs 2022.