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
Halt its 50mn euro investment in Moscow
The Amrop Partnership has decided to officially suspend its activities in Russia pending the current conflict until further notice. Therefore, and for the duration of this situation, the team of Amrop Russia will continue to provide executive search and leadership development services under the banner of the STR Suite project. The STR Suite is a project launched in 2019 by the Amrop Russia partners Sophie Vergnas and Igor Chugay, providing organizational design, potential assessment and training services inspired by the Requisite Organisation methodology.
ETEX suspends all operations in Russia.
Cease cooperation with governmental agencies in Russia
The International Federation of Journalists (IFJ) on February 22, 2023 suspended the Russian Union of Journalists (RUJ) from membership following a vote of the Federation’s global Executive Committee.
Suspend transactions with certain Russian banks
The company still works in Russia as a LLC. Reduced revenue in 2023 vs 2022.
Will sell its non-controlling interest in the AB InBev Efes, request regarding the suspension of the license for production and sale of Bud in Russia will also be part of a potential transaction, not sure of other brands. Increased revenue and profit in 2022 vs 2021. Largest brewing company AB InBev Efes has localized the production of some popular imported brands in Russia: Spaten, Franziskaner, Leffe Blonde and Brune. Anheuser-Busch InBev agreed to sell its stake in a Russian joint venture to partner Turkish brewer Anadolu Efes. Russia is still not letting go of AB InBev: the authorities refuse to approve the deal. Accordingly, AB InBev will be forced to continue operating in Russia, but already under the management of Anadolu Efes. In August 2024, the Russian government refused to approve an agreement between the brewing company and Anadolu Efes, according to which the latter received full control of the joint venture of the couple, which operates in Russia and Ukraine. Under the deal, Turkey's Anadolu Efes, whose management currently controls the business unit in Russia, would not receive any payments in exchange for its partner's non-controlling stake in six-year-old AB InBev Efes. At the end of October 2024, the pair announced that they intended to separate the company, with Anadolu Efes getting the Russian unit and AB InBev the Ukrainian unit. In December 2024 Putin placed shares in InBev's Russian entity in temporary management, decree says. AB InBev’s Russian joint venture rebranded under state-appointed management.
Belgian developer Ghelamco has agreed to sell its only asset in Russia — a 243,000 sq. m warehouse complex located in Dmitrov, Moscow region. The company has also received all the necessary approvals from the government commission. The exact buyer of the warehouse remains unknown. However, a source close to Ghelamco stated that “all signs point to the investment company Central Properties.” Two consultants and a top executive from a company that considered acquiring the logistics park confirmed that Central Properties was the main contender for the asset.
Close rep office and withdraw ships. Contractors representing the Big Four dredging companies (Van Oord, Boskalis, Jan de Nul, DEME), which account for over 98% of dredging works in Russian ports, have withdrawn from Russia’s Arctic infrastructure projects.
