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
Suspended Russian exports
Suspended operations in Russia
Halt sales and production in Russia.
Suspends operations in Russia (delivery to Russia, further expansion)
Stopped exporting its products to Russia or Belarus. Poland left the Russian businessman Kantor shares in Grupa Azoty. Russian fertiliser maker Acron said on Thursday, July 13, 2023 that it will challenge Poland's decision to take control of its shares in Polish chemicals firm Grupa Azoty.
Suspended Russian contracts, subsidiary ZANAM Vostok in Russia
RTB House Suspends All Operations in Russia.
The company stopped trade relations with Russia after the full-scale invasion of Russia into Ukraine. The company Transfer Multisort Elektronik Sp. z o. o. and all its subsidiaries have suspended any cooperation with Russian entities and activity on the Russian market.
Suspended Russian exports. At the end of the first quarter 2024, the household appliances brand Hansa (belonging to the Polish group of companies Amica) handed over its Russian office to the household appliances distributor OOO Hyper.
Suspension of any investments on the Russian market. Suspension of operations of subsidiaries in Russia APS Traction and APS Invest. APS ENERGIA S.A.: Signing the Term sheet for the sale of the company Zależnej OOO APS Energia Rus.
On August 11, 2023, the MAKROchem Group closed its representative office in Russia. The Management Board of the MAKROchem Group has decided to sell all shares in the subsidiary in Russia by the end of 2023. Preparations are currently underway to conclude an appropriate agreement, and MAKROchem will inform about the final sale of shares in a special announcement.
Stop purchasing services/goods from Russian & Belorussian companies
Ceased all business activities in Russia.
Does not see the possibility of switching to the ruble in the calculations for the supply of Russian gas, is gradually abandoning Russian gas, replacing it with LPG. The Federal Tax Service has decided to file a bankruptcy petition for the Polish energy company PGNiG.
Suspends transactions with Russian banks transactions in Russian ruble suspended
Stopped gaz imports from Russia. Will not renew contract with Gazprom, will not pay in Rubles and will not buy Russian gas after 2022.
Complete withdrawal from Russia
Terminate cooperation with Russian partners