Stop Doing
Business with Russia

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.

Initially, Hyundai Motor Manufacturing Russia have suspended until further notice due to ongoing global logistics issues with components delivery. South Korea's Hyundai Motor is considering options for its suspended Russia operations that could include selling its manufacturing plant there, South Korean media reported. Hyundai, South Korea’s third-largest conglomerate, said it had not decided the future of its Saint Petersburg facility following a news report that negotiations to sell the plant were in the final stages. Transactions on the sale of Russian assets of Hyundai and Volkswagen are close to completion and are included in the agenda of the upcoming meetings of the Law Commission on Foreign Investments. The Russian government has reportedly rejected Hyundai Motor's application to sell off its Russian plant. As Toyota, Nissan, Renault, and Volkswagen have already said their goodbyes and left Russia, Hyundai has become the only global carmaker remaining there. With the possibility of a prolonged war looming, Hyundai is expected to seek a new exit strategy as it is difficult to sustain itself locally. By the end of 2023, Hyundai Motor will close its local plant, which once contributed to the automaker's high sales in Russia. By the end of 2023, Hyundai Motor will close its local plant, which once contributed to the automaker's high sales in Russia. South Korea's Hyundai Motor plans to sell its plant in Russia for a nominal 7,000 roubles ($77.67), making it the latest global automaker to sell Russian assets since the outbreak of the war in Ukraine. Hyundai Motor, in a regulatory filing, said it would take a 287 billion won ($219.19 million) loss on selling the plant, in which operations have been suspended since March 2022. The Russian company Art-Finance, which owns the former Volkswagen plant in Russia, has closed a deal to acquire the Hyundai plant in St. Petersburg. Significantly decreased revenue in 2023 vs 2022. 15.01.2025: The entry about the founder of ART-FINANCE LLC has been removed from the Unified State Register of Legal Entities. AGR HOLDING LLC becomes the new founder of the organization HYUNDAI MOTOR MANUFACTURING RUS LLC. Hyundai is exploring a return to the Russian market amid expectations of a quick ceasefire in Ukraine after Trump-Putin talks. 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. Hyundai has officially stated that it has not made any decision to resume business in Russia. A company representative confirmed that the situation is being closely monitored, but no specific steps are currently planned. At the same time, the article highlights that Hyundai has registered several new trademarks in Russia, which may indicate an intention to maintain legal and market presence in case conditions become favorable for a return. It also notes that the buyback option for the St. Petersburg plant remains valid through the end of 2025. Conclusion: While Hyundai publicly denies any immediate plans to return, its actions (trademark registrations, preservation of asset re-entry rights) suggest a strategic holding pattern that would allow for a quick re-entry into the Russian market if geopolitical circumstances change. Revenue increased in 2024 vs 2023 by more than +50%.

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.

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.

Scaling back or suspending all Russian-related business. Decreased revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -10%.

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.

Temporary suspension of shipments to Russia due to supply chain issues. Significantly decreased revenue in 2023 vs 2022 (more than 2.7x! times). Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Continues to build Vladivostok highway in March 2022. The state-owned Chinese Railway Construction Corporation (CRCC) is ready to ensure the implementation of railway and automobile construction projects in the Crimean region. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.

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.

Suspend its operations in Russia due to the country’s invasion of Ukraine.

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

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. Revenue decreased in 2024 vs 2023 by more than -20%. BMW Bank, a subsidiary of BMW Group, continues to operate in Russia.

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.

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. Revenue significantly (by more than -50%) decreased in 2024 vs 2023. On June 17, 2025 representatives of the South Korean concern Kia held talks with Russian car dealers, revealing their intention to restore their official presence in the domestic market. According to the announced plans, the Korean manufacturer expects to launch deliveries in 2026 and increase annual sales to 100 thousand vehicles over a three-year period.

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.

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.

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.

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 2021, there is no any official announcement. But some time ago Russia dissappeared as market at the company website.

Stopped sales in Russia and Belarus except health products. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

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.

Suspend all shipments to Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

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.

Another company suspended its work in Russia - the Irish concern Allergan

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.

Stops hiring and sales in Russia. On March 20, 2024, two years after Mykhailo Fedorov's post, Netcracker's public financial report appeared, indicating that the company continues to operate in Russia. In the "Explanation to the annual accounting reports of NetCracker LLC for 2023" the year's turnover of 8 billion rubles is indicated, branches in Saratov, Tolyatti, Nizhny Novgorod, St. Petersburg, Samara, Voronezh, as well as two in Moscow are listed. The text part of the document ends with an unequivocal intention to continue working in the current year. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

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

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. Revenue decreased in 2024 vs 2023 by more than -20%.

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.

Suspended commercial activities; managing existing backlog. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

German logistics company Deutsche Post suspends activities within Russia. 05.06.2023: One of the four legal entities (DHL GLOBAL MAIL) was liquidated. Revenue decreased in 2024 vs 2023 by more than -20%.

Stop goods and money flows to Russia

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.

Suspend all sales to Russia. Temporarily discontinuing all deliveries.

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).

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.

According to Nikkei, the company is suspending the export of spare parts to the plant in Vladivostok. The available stock of components will be enough for production and sale for several months. Mazda in talks to end Russia production, following Toyota exit. Mazda Could Soon Sell Its Stake In Russian Joint Venture. In a results statement, Mazda said the deal would be worth one euro, bring it the right to buy the asset back for the same amount within three years. New Mazda cars with a warranty have started to be sold in Russia again. Several models have started to be delivered to the country at once. However, this is not about the official return of the Japanese brand to the Russian market, reports the editor-in-chief of the Russian magazine "Za Rulem" Maxim Kadakov. Kadakov explained that Mazda Motor Corporation does not officially supply its cars to the Russian Federation. According to him, the Japanese brand is not going to return to Russia, and has not given permission to use its logo in the country. All Mazda cars that are currently being brought new to Russia are manufactured in China. They are mainly produced by Changan Mazda Automobile Co. This means that new Mazda cars are entering Russia through "gray imports". Kadakov noted that deliveries are handled by Mazda Motor Rus LLC, which brings cars to the Russian Federation, also carries out customs clearance and provides a three-year warranty on its own behalf. Such a scheme is carried out without the participation of the automaker. Revenue decreased in 2024 vs 2023 by more than -20%.

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 shipments to Russia

The company refused to work in Russia (contractor in a number of LNG projects)

Received revenues in Russia in 2022-2024. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Suspend commercial operations in Russia

Temporarily suspended the operations of its 51 stores in Russia. Russia accounted for ~1% of group sales. Very little supply sourcing from Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

Continue doing business as usual. Significantly reduced revenue in 2023 vs 2022.

Suspend deliveries to Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

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. Revenue decreased in 2024 vs 2023 by more than -20%.

Halt new business & scale back shipments to Russia significantly. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Suspended shipments to Russia. (No manufacturing presence)

Received revenues in Russia in 2021-2024, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

Suspend shipping into Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

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.

Suspend shipments and sales of any kind into Russia

Suspended manufacturing for Russian market. Direct refugee support.

Stop Licensing Content to Russia

Stopped investments on the Russian market. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Suspended its retail operations in Russia. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect. Revenue decreased in 2024 vs 2023 by more than -20%.

First Russia rail shipment to India reaches Mumbai with more to come. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Suspend operations in Russia. The parent company decided to cease operations in the Russian Federation.

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. Revenue decreased in 2024 vs 2023 by more than -10%.

The Megogo online cinema has stopped working in Russia. Received revenues in Russia in 2022.

The company doesn't operate any retail stores in Russia and doesn't control operations of third-party distributors in Russia. The company stopped all shipments to Russia.

Received revenues in Russia in 2021-2022, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022.

Suspend direct shipments to Russia; continue Europe to Kazakhstan and Russia to Kazakhstan routes. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Suspend all new investments in Russia

Suspended business in Russia

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. Revenue decreased in 2024 vs 2023 by more than -20%.

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.

Suspend Russian business

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. Revenue decreased in 2024 vs 2023 by more than -10%.

Sales in Russia and Belarus are well below 1% of the total company sales and we are suspending operations in these regions.

Suspended exports to Russia due to distribution challenges. Revenue decreased in 2024 vs 2023 by more than -20%.

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. Revenue decreased in 2024 vs 2023 by more than -10%.

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.

The company operates in Russia and has a subsidiary. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

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.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

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

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.

Halt its 50mn euro investment in Moscow

Suspended new sales to Russia. Game developer Ubisoft launched a campaign with a Russian athlete.

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. Revenue decreased in 2024 vs 2023 by more than -20%.

At the end of February 2022, DMG Mori announced that it would cease all sales and service in Russia, as well as all production at its plant in Ulyanovsk. However, the available information shows that certain Russian companies of DMG Mori remain active participants in the Russian market, which contradicts official statements that such companies as DMG Mori Rus LLC are not actually operating and perform only administrative functions. In particular, according to the decision of the Moscow Arbitration Court of 03.07. 2023 No. A40-51758/23-62-407, DMG Mori Rus LLC supplied machine tool components in July and August 2022 to Saturn Instrument Plant JSC, a subsidiary of UDK-Saturn, a manufacturer of gas turbine engines for military aircraft under sanctions imposed by the EU, the USA, Canada, Switzerland, Japan, Ukraine and New Zealand. Included in the list of international war sponsors by NACP. The company’s services cover the entire cycle of a machine tool, including training, repair, maintenance, and spare parts. At the end of February 2022, DMG MORI announced that it would cease all sales and service in Russia, as well as all production at its Ulyanovsk plant. In reality, DMG MORI remains an active participant in the Russian market, which contradicts its official statements. Significantly reduced revenue in 2023 vs 2022. The Dalkos website states that the company supplies equipment and machines from various companies, including Schaublin, DMG MORI and Kovosvit MAS.

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. Revenue decreased in 2024 vs 2023 by more than -20%.

Suspended future investments, development activity, and new hotel openings. Ceased operations in Russia except some franchise agreements. Since the spring of 2022, Hyatt, InterContinental, Marriott, CPI Hotels, Belmond, Sokos, Four Seasons, BWH and Wyndham have left the Russian market.

Ceased operations in Russia during Q1 2022

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Technoform stop all deliveries to Russia except for a few actual orders that had already been confirmed before.

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. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Received revenues in Russia in 2021-2022, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022.

Pause sales to Russia & Belarus

Not pursue new business opportunities but continue fulfilling existing contracts. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

According to reports in the press, the company temporarily stops delivery to Russia due to problems with payment and logistics.

Received revenues in Russia in 2021-2022, there is no any official announcement. As of 2023 company still shows Moscow office as 100% investment location and revenue is counted in global sales. Significantly reduced revenue in 2023 vs 2022.

Received revenues in Russia in 2021 and it is sugnificantly decreased in 2022. As stated by the company, HOERBIGER discontinued operations at its Russian subsidiary after the beginning of the war in February 2022. Business relations with Russian companies were discontinued in the first half of 2022. HOERBIGER has complied with the applicable sanctions and export control regulations at all times and will continue to do so in the future.

For direct management reasons, Mango no longer sends its trucks to Russia, but instead uses franchises, which buy the company’s merchandise at the Spanish headquarters or through intermediaries. In addition, they received lease agreements and employees who were then working in stores under the control of the parent company. Significantly reduced revenue in 2023 vs 2022.

Received revenues in Russia in 2021. Suspended business in Russia.

Suspend all future sales

Received revenues in Russia in 2021-2022, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022.

Suspend operations in Russia

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Suspend all opeartions in Russia.

Branches in Moscow, Novokuznetsk, Irkutsk and Novosibirsk serve customers throughout Russia. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

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. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.

Received revenues in Russia in 2021-2022. In the Annual report 2022 company shows that they decided to exit Russia: https://www.coats.com/-/media/coats/investors/2023/ar2022/ar-2022-chair-statement.pdf but in reality local entity COATS LLC (tax id 7715385954) continues to operate and shareholders didn't change as of end of February 2024.

Continue doing business as usual. Significantly reduced revenue in 2023 vs 2022.