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
Temporarily suspend partnership with Russian airline
Suspended flights to and from Russia (United Kingdom suspended air space to Russian flights).
CAE is the largest trainer of airline pilots in the world and produce the world most sophisticated Flight Training Simulators. Suspended services and training to Russian airlines and operators since the beginning of the war.
Suspend all shipments into and through Russia
In compliance with applicable sanctions, DAE terminated the lease agreements after Russia invaded Ukraine in February last year, it said. In November, DAE said it “has no way” to determine whether the aircraft it had leased to Russian aviation operators would be returned in the future.
Turkey's Havas may stop services to Russian airlines' U.S.-made planes
No flying over Russian airspace; Russian flights cancelled
Suspend all business operations in Russia
Suspend flights between Sri Lanka and Russia.
German Fraport AG, which owns 25% of the management company of the Pulkovo airport, is still selling its share, said the head of VTB Andrey Kostin. The sale may take place, despite the fact that the holding has repeatedly emphasized that it will not be able to sell its share by 2025 under the terms of the concession agreement. All Russian airport owners are among the interested buyers. Earlier, Fraport's fortune was estimated at €111 million. In May 2022, the head of Fraport, Stefan Schulte, stated that in accordance with the terms of the concession agreement, the holding has no possibility to withdraw from the shareholders until 2025. Russia nationalises St Petersburg Airport; Fraport et al left with shares with no voting rights. Orbit Aviation LCC is allowed to acquire 25% of the German Fraport AG in the authorized capital of the management company of Pulkovo Airport. The order to this effect was signed by President Vladimir Putin on October 25, 2024.
Suspended leasing activity with Russian airlines (5 percent of its fleet was leased by Russian airlines at the end of 2021). Ireland-based AerCap in a stock market filing said it had received $645 million from insurance company NSK in full settlement of insurance claims in relation to 17 aircraft and five spare engines leased to state-controlled airline Aeroflot and its subsidiary Rossiya. AerCap receives $572mn pay-out from Russian insurer.
The American leasing company Air Lease Corporation will write off the remaining aircraft in Russia, worth $802 million, according to Reuters.
Aircraft lessor Aircastle has sued its insurers demanding they pay out $102.4mn across two separate claims to cover the loss of planes detained in Russia since the country's invasion of Ukraine, taking the global tally for claims filed against insurers to more than $10bn.
Auckland-based Airwork has written off $176.5 million on five aircraft leased to a Russian operator as they remain “illegally” under its control. The Boeing 757 aircraft were not to be recoverable due to sanctions.
Ended agreements with Russian airlines.
CargoLogicAir, casualty of Russia sanctions, faces liquidation.
Wind down Russian business
Cut their ties with Aeroflot. Suspended purchase of Russian crude prior to US sanctions.
Shifts strategy away from Russian airspace, as Russian airspace remains closed for Finland.
Suspended flights and ended Russian aircraft maintenance
Disconnects Russian airlines from the World Tracer system from April 25. PJSC Aeroflot and Pobieda LLC have already been shut down. World Tracer is a global baggage search system. Helped to quickly search for lost luggage of passengers by exchanging data between airports. Used by all IATA airlines. Its members are more than 2,800 airports. Russian airlines and airports are being disconnected from the international domain zone .aero. This decision was made by the Swiss provider of services for civil aviation, SITA, which administers the mentioned domain zone.
The Aeroflot airline reported that it has completed the settlement of relations with the Irish lessor SMBC Aviation Capital for 16 aircraft and one more aircraft under the management of SMBC Aviation Capital. "In accordance with the agreements reached, the lessors terminated their claims to the Russian parties both under insurance policies issued by Russian insurance companies and under leasing contracts with Aeroflot PJSC." The ownership of the aircraft was transferred to the insurance company "Strakhovaya kompaniya NSK" LLC, which paid the settlement amount.