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
Continuing to supply social selling representatives in Russia. Suspending Russian Avon exports. Continuing Russian manufacturing operations, which primarily produce cosmetics for the local market (Fragrance portfolio is currently produced in Russia). The international cosmetics concern Avon, which announced more than a year and a half ago that it would cease investing in Russia, has so far decided not to leave the country. Avon halts Russian business sale. Revenue decreased in 2024 vs 2023 by more than -20%. Natura & Co has completed the sale of Avon’s Russian assets for approximately €26.6 million. The Russian business unit of the 137-year-old cosmetics giant has been sold to Arnest Group, a Russian manufacturer of perfumes, cosmetics and home goods. The transaction was the last Avon International asset still controlled by Natura & Co and marks the completion of its corporate simplification strategy.
Wind down Russian business in 2022
Received revenues in Russia in 2021, there is no any official announcement. BDO announced about ceasing to hold office as auditor of JKX Oil & Gas Limited as "The Company’s significant operations relate to producing oil and gas fields in Ukraine and Russia undertaken through subsidiaries in those countries." Disposing of all its Russian assets. Russia declares UK player ‘extremists’ and confiscates gas assets. British oil and gas company JKX Oil & Gas Group (JKX) announced that it has filed claims against the Russian Federation regarding the initiation of a lawsuit due to the loss of assets and investments.
Divest Russian operations.
Washington Post alleges that Baker Tilly is funding Putin's efforts. No further evidence is given besides the mention of the firm.
Suspending operations in Russia, including terminating relationships with all Russian customers. Statement condemning Russian invasion of Ukraine.
Sending supplies (clothing, food, etc) to Ukraine. Donating 1 million euros towards different Ukrainian relief programs. Allowing customers to make donations in their supermarket locations.
Suspended new Russian investments and then exited all equity and debt positions.
Bet365 & Parimatch Leave Russia, Condemning War in Ukraine
Fully stop all business in Russia. Terminate all contractual relations & discontinue services in Russia.
Calrec Responds to Critics Who Claim Company Supports Russian Aggression. It says it maintains stringent compliance controls and immediately took steps to cease all commercial activities in Russia and Belarus. While it is unclear as to the basis for such criticisms, the company counts Russia State TV & Radio VGTRK among its customers; the company appears to have taken down press releases regarding its business with the state broadcaster from its website.
CargoLogicAir, casualty of Russia sanctions, faces liquidation.
Exiting natural gas agreements with Russian partners, principally Gazprom.
Wind down Russian business
Launched a resources center for displaced researchers. Committed to providing resources for people affected by the crisis.
Stopped operations in Moscow. Released statements condemning the invasion.
Cryptopay has cut off payment services for token owners with links to Russia.
Halting operations for residents of Russian
Exiting from Russia by spinning off their offices there into standalone firms.
Edrington, along with Beam Suntory, has reached an agreement to sell the Maxxium Russia joint venture business to members of the local management team; all shipments to Russia remained suspended
Business as usual, discusses sale of assets " for the benefit of ... shareholders". Eurasia Mining PLC (AIM:EUA) has said it continues to work towards selling its Russian assets although, at no present, there is no guarantee that the company will enter into any binding agreements regarding the sale of these assets. Eurasia Mining has agreed to sell its Western Kytlym operations in the Urals amid concerns about their nationalization. The company has accepted proposed terms of a deal to sell its stake in Kosvinsky Kamen, a company that owns alluvial platinum group metals (PGM) and gold deposits in Western Kytlym, Russia.
Fenner Dunlop: Hull firm closing as Russia sales end over Ukraine war.
Terminates contract with Russian Grand Prix promoter. F1 Sued For $24M Refund Over Canceled Russian Grand Prix.
Suspending work for Russian state bank VEB. Ending court work for Russia's second largest bank, VTB.
Hamleys, a chain of children's goods stores based in Britain, could not cope with financial difficulties and competition with other players in the segment in the Russian market. Now the franchisee of the brand in the Russian Federation — Alexander Mamut's "Wanderkind" company — will rename the points of sale to "Vinny" and will add clothing and footwear to the assortment.
Suspending operations in Moscow.
We are now in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there.
Received revenues in Russia in 2021-2023, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Removing all products 100% sourced from Russia. Changing its brand named chicken Kiev from Soviet to the Ukrainian spelled Kyiv.
Harry Potter e-books are withdrawn from Russian e-libraries
Exited its franchise agreement with partner Ginza Project
London-founded global law firm Linklaters plans to wind down its operations in Russia and close its Moscow office following Russia's invasion of Ukraine. Linklaters manages 78% trainee retention after Russian escape.
Withdraw services to Russia. Lloyd's Register revokes the insurance of ships of the largest Indian carrier of Russian oil. Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, 2023.
Logicor, which manages warehouse complexes in Europe, sold the Valecorp complex in St. Petersburg with an area of more than 40,000 square meters. sq. m of the Central Properties company. The complex was the only Logicor object in Russia.
Suspending all products and services for all customers in Russia.
Received revenues in Russia in 2021-2023, there is no any official announcement. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Removed Russian-made vodkas for sale online. Delisted Russian Standard from ordered stock, however may have been selling remaining inventory in stores.
Suspending operations in Russia: Closing Moscow office. Terminating relationships with clients connected to Russian government. If unable to terminate any of those relationships, all proceeds from profits will be donated to appropriate humanitarian and charitable causes. (Over 50 lawyers in Moscow office and history of working with clients currently sanctioned)
Called off a March 4 launch of 36 satellites on one of Russia's Soyuz rockets due to Russian demands that none of the satellites would not be used for military purposes and the UK had to sell their stake in OneWeb. OneWeb has since partnered with SpaceX for future launches.
The Group no longer has ongoing operations in Russia.
Write off £43million by cancelling their new Russian television contract this week.
Banning any golfer from Russia or Belarus in its sanctioned competitions.
Suntory B&F Great Britain & Ireland and Europe reported that it doesn't sell or distribute any product in Russia and Belarus, it doesn't have any direct operations in Russia and Belarus.
Terminated all commercial relationships with Russia. Rusal files lawsuit against Australian Rio Tinto in Russia for 105 billion rubles. On December 15, 2025, a Russian court ruled in favor of Rusal against Rio Tinto, awarding it $1.32 billion. Rio Tinto quickly rejected the decision.
Intend to fully divest Russian assets "as soon as we can".
Brand product takings were down 1% to £83.4mln, with a 17% decline in Europe due to an exit from Russia, while third-party revenue fell 3% to £22.2mln.
Suspended a franchise agreement in Russia (no ownership or shareholdings in Russia), end partnerships in Russia.
Suspended money transfers to Russia.
Discontinued commerical activity in Russia, including cooperation with Russian dealers
See parent company, John Lewis Partnership (JLP)
Cancel all future orders to Russia