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 CompletedThe French media regulator may intend to block and remove from the list 19 official Russian media sites that are subject to expanded direct or indirect sanctions. Arcom will also issue an official notification to one Russian streaming site and three Russian online platforms about broadcasting content from Russian media, which will result in expanded sanctions.
Planned exit of business in Russia and gradual wind down business activities in Russia over the coming months. Previously had suspended deliveries to Russia while evaluating further actions. Said "it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started", after Swedish media reported the company had continued its exports. Early in February 2023, Maxcomm LLC declared the import of components for 20,000 base communication stations of the Swedish company Ericsson AB, which officially ceased operations in the country a year ago, to Russia. The Swedish government did not allow Ericsson to supply equipment to Russian companies. Ericsson suspended its business in Russia in April and said in August that it would leave the country in the coming months. It booked 900 million Swedish crowns ($81 million) in costs and laid off 400 employees in the country as it winds down operations. Ericsson said it only provides software and technical support to Russian customers and has not sold any telecommunications equipment to mobile operators since the start of the war in Ukraine after Swedish media reported, the company resumed exports. Court overturns Ericsson brand protection in Russia following lawsuit by air conditioner manufacturer. On March 12, 2025, Rospatent registered the Ericsson trademark for the Russian air conditioner manufacturer R-Klimat LLC (Rusklimat), the classification of goods includes clothing, footwear and headwear, according to SPARK-Interfax data. A year earlier, it was reported that the company intended to remove legal protection of the trademark from the Swedish manufacturer Telefonaktiebolaget LM Ericsson - last spring, Rusklimat filed a lawsuit, in October the court fully satisfied the claim.
HALO has taken serious and immediate actions regarding part shipments to Russia. HALO and our many franchised distributors stopped all shipments to Russia shortly after the invasion of the Ukraine, being responsible citizens and recognizing that there is a chance that our commercial and industrial products might be used in military products, although never designed for such applications.
All official MikroTik coaches in Russia have had their coaching certificates suspended. Official MikroTik trainings are no longer held in Russia. All engineering certificates are valid until the expiration date. Earlier, MikroTik temporarily suspended the reception of orders for new devices and stopped the supply of licenses; current licenses are still valid. Stopped all shipments
The company stopped selling products to Russian companies to comply with US sanctions.
Company Statement "Following the outbreak of war between Russia and Ukraine, we immediately ceased all operations and business in Russia. We comply with all US and international export control and sanctions laws. We do not sell to any individual or entity in Russia, Belarus, Cuba, Iran, North Korea, Syria or Crimea, nor do we sell to military manufacturers anywhere.We require our distributors and resellers to adhere to the same restrictions.Furthermore, Quectel's approach to compliance is reflected in strict policies and technical measures that subject to review - goes beyond industry best practices and those of other module suppliers.We no longer have employees in Russia and we have terminated all partnerships with Russian buyers.In addition, we have taken the unique step of technically shutting down our products from functioning in Russia. such an event was unmatched by our competitors."
Received revenues in Russia in 2021-2022. Promised to discontinue activities in Russia at the beginning of the war, but still received income in 2022. Offered some employees the opportunity to work outside of Russia. Reduced revenue to 0 in 2023.
ZTE has reduced the scale of its business in Russia due to sanctions, but it is not completely leaving yet. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Received revenues in Russia in 2021-2022. Exit, but not complete. 25.03.2024: Authorized capital increased from 10,000 rub. up to 30,000 rub. 25.03.2024: Evgeniy Ivanovich Vostrikov becomes the new main shareholder of the organization. Mikenopa retained 33% of the capital after its increase. Revenue decreased in 2024 vs 2023 by more than -20%.
In March 2022, the TELTONIKA Company Group decided to close its offices in Russia and Belarus and suspend all sales in these countries. No new business activities were undertaken, and all employees in the Russian and Belarusian office were laid off. In addition, TELTONIKA imposed its own set of sanctions against Russia, implementing a total embargo on the Russian market. This included a complete suspension of new product and service sales and resales in Russia, impacting both direct sales and those through authorized distributors. Furthermore, TELTONIKA has also invested in research and development to create technological solutions that either prevent its products from being used in Russia or significantly limit their functionality within the country. However, amid the ongoing conflict, the Russian government imposed restrictions, targeting companies from Western countries. TELTONIKA is still in process of liquidating the non-active legal entity in Russia. Moving forward, TELTONIKA is dedicated to support Ukraine and contributed more than 3M EUR in donations to this cause.
