Stop Doing
Business with Russia

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%. Hyundai Motor Co. has registered its trademarks in Russia for use until 2034.

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.

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. Official BMW deliveries to Russia were halted due to sanctions on the export of luxury cars priced over €50,000. The German automaker ceased operations in the Russian market. Since then, Chinese brands have shared sales leadership, with BMWs supplied only through alternative imports, according to Avtostat experts. Even then, according to the agency, 600-800 new BMWs were sold per month; a year ago, the brand ranked fourth or fifth in sales among premium brands.

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.

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.

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.

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

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

Have active local entity in Russia. Significantly reduced revenue in 2023 vs 2022.

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

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

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

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.

According to press reports, the company stops exporting cars and components to Russia. There is no official statement of the company. According to the trade data, for the period from 01.03.2022 to 28.03.2023, Honda delivered 540 parts in the amount of USD 2,028 mn. Significantly reduced revenue in 2023 vs 2022.

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

Hyousung sponsored a market forum 2022 in Moscow Palace. Significantly reduced revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

Allison Transmission Holdings, which is based in Indianapolis and has no manufacturing in Russia, has stopped all sales in the country.

Stopped vehicle deliveries to Russia following sanctions. Paused vehicle sales in Russia. Despite the decline in the Russian car market, demand for luxury cars has grown sharply, in particular, for Rolls-Royce and Ferrari. The leader of the premium segment was the Rolls-Royce brand - 100 cars were sold in six months, which is 56% more than a year earlier. Bentley took second place with 90 cars sold (+4%), followed by Lamborghini (72 units, -5%), Ferrari (43 units, +115%), Aston Martin (11 units, +83%) and Maserati (4 units, -75%). Despite the fact that official deliveries of luxury brands to Russia were stopped in 2022, cars continue to enter the country through parallel imports.

Suspend operations at Kaluga assembly plant. Audi currently does not supply any cars directly or knowingly indirectly to Russia.

Temporarily suspended Helly Hansen operations in Russia. (Helly Hansen has 41 retail stores and online sales in Russia). Exit officially, but media reports they look for ways to continue to work

Temporarily shut down aluminum plant. Revenue increased in 2024 vs 2023 by more than +100%.

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

Holding company's assets are suspending operations

Suspended exports to Russia but still operates two authorized dealerships, donation of 1 million to UNHCR. Despite the decline in the Russian car market, demand for luxury cars has grown sharply, in particular, for Rolls-Royce and Ferrari. The leader of the premium segment was the Rolls-Royce brand - 100 cars were sold in six months, which is 56% more than a year earlier. Bentley took second place with 90 cars sold (+4%), followed by Lamborghini (72 units, -5%), Ferrari (43 units, +115%), Aston Martin (11 units, +83%) and Maserati (4 units, -75%). Despite the fact that official deliveries of luxury brands to Russia were stopped in 2022, cars continue to enter the country through parallel imports.

Suspended its business and shipments of its bikes to Russia

Canceled production of Russian equipment orders. Statement of support for Ukraine. Donating ~$850 K humanitarian aid for relief organizations.

Suspend all sales in Russia.

Suspend deliveries to Russia

The components in Lancets are often manufactured in the European Union. It has recently emerged that the engine mounted on the drone is an AXI 5330/18 made by the Czech company Model Motors. "Our company has never supplied its products to the military use. According to our information, we are in connection with the relevant authorities in the Czech Republic discover that our products have been misused by a third party in abroad for sale into some of the types of weapons he uses Russian army. We would like to assure everyone that we have taken steps to it could no longer happen and our products that were used to we no longer manufacture or market these weapons. War is evil."

Produces parts for heavy trailer manufacturers, continued sales and export to Russia in 2023. Parlok does not export products to sanctioned parties or countries in violation of applicable trade sanctions and does not conduct business operations in the Russian market. Parlok uses best efforts, including contractual controls and compliance procedures, to ensure that its products are not supplied directly or indirectly to end users in Russia or Belarus.

Suspend exports to Russia

Stops production of vehicles in Russia and suspends export

Tata Motors-owned British luxury automotive brands Jaguar and Land Rover have halted vehicle deliveries to Russia. The carmaker blamed ‘trading challenges’ that has emerged from the current global situation for halting of supplies to the east European country.

Suspended production and sales in Russia. One factory and about 3% of its sales in Russia, Ferronordic and Volvo CE have agreed to terminate the dealer agreement for Russia.