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
Exit CompletedSanctions against the Russian media. Russia in 2021 demanded that 13 firms, mostly U.S. technology companies such as Alphabet's (GOOGL.O) Google, Meta Platforms' (META.O) Facebook, Apple (AAPL.O) and Twitter become officially represented on Russian soil by the end of the year or face restrictions on advertising, data collection or money transfers. Moscow's subsequent invasion of Ukraine intensified Russia's disputes with Big Tech, ultimately leading to Twitter, Facebook and others being banned from the market. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database.
According to press reports, the company is discontinuing the local production in Russia and export to the Russian market. But Rolls-Royce also has new cars for sale in Russia and claim they don't know how. The German automobile concerns Mercedes-Benz and BMW disconnected Russian dealers from the software, which was used for car maintenance.
Turkish construction holding, as a business started in Russia in 1993. Founder Erman Ylicak, after finishing working for the Russian-Turkish construction company Enka, founded his own company. Among the projects of the Turkish holding are the Evolution and Neva Towers in Moscow City, Dream Island and Lakhta Center in St. Petersburg. The Turkish investment company Rönesans Holding announced the winding down of operations in Russia. It was one of the top 10 largest construction contractors in the oil and gas sector. Rönesans ceased its operations in Russia and is now focusing on an ambitious growth strategy worldwide.
Scaling back or suspending all Russian-related business
Suspended operations at Russian plant. Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance. The buyer of the leasing subsidiary of Mitsubishi became ExpoCapital, a fund owned by Kim and his partners (LLC "ExpoCapital").
OSTC no longer operates in Russia. OSTC ceased its business operations in Russia in March 2022 in response to the invasion into Ukraine and has been working with its professional advisors since then to fully close down the legal entity.
All exportation of cars to Russia and importation from Russia are suspended. The car plant in Kaluga, which had been shut down since April 2022, resumed production of French Stellantis cars: the Automotive Technologies company with little-known owners launched the assembly of the Citroen C5 Aircross. According to customs data, vehicle kits for assembly come from China from the Dongfeng Peugeot-Citroen Automobile plant. The Stellantis concern in February announced that at the end of 2023 it was no longer related to both the joint venture in China with Dongfeng and the plant in Kaluga, control over which it considered lost.
Japan’s Takeda suspends new clinical trials in Russia and halts new investments in Russia, Supplies of drugs and clinical trials will continue. Takeda has taken further action to discontinue activities in Russia that are not essential to maintaining supply of medicines to patients and providing ongoing support to employees. This includes suspending all new investments, suspending advertising and promotion, not initiating new clinical trials and stopping enrollment of new patients in ongoing clinical trials.
Suspended new clinical trials in Russia. Astellas halts antibiotics production in Russia. In a significant development, Astellas, a leading Japanese pharmaceutical company, has decided to halt the production of its antibiotics, Vilprafen and Vilprafen Solutab (Josamycin), in Russia. This decision has instigated a scarcity of these drugs within Russian pharmacies, with virtually no supplies available in Moscow. 24.02.2022: One of the two legal entities (ASTELLAS PHARMA JSC) was liquidated.
Buzzi Unicem – a company, whose Russian business is contributing to Russian war crimes committed in Ukraine. Buzzi Unicem was added on the international sponsors of war list by National Agency on Corruption Prevention (NACP). Buzzi Unicem has already explained in its press release dated May 12, 2022 the decision to immediately cease any operational involvement in the activities carried out by the subsidiary SLK Cement in Russia and to suspend all strategic initiatives and investments in the country. This means the lack of involvement of the management in the decision-making process regarding local initiatives and commercial actions.
Promised to sell (back in May 2022) its business in Russia to the local management but so far no sale has been made, production continues to work and active hiring has not stopped, as evidenced by open vacancies. REHAU examines options for exit from Russia but no approval from authorities for sale.
The company stopped all sales in Russia and then Belarus. The company actively shutting down cloud operations in Russia. SAP delays Russia exit as deal talks fail and workers at risk. The German company SAP, one of the world's largest developers of ERP systems, was left with several hundred million euros in operating profit due to its departure from Russia and Belarus. All losses are reflected in its report for 2022. However, it later became known that support is still available to customers with current contracts. SAP created a closed portal for Russian customers to download software updates from there. The former head of the Russian office of SAP headed the company, which provides technical support for Russian customers. The German supplier of industrial software SAP stops supporting its solutions in Russia. The developer's clients have already started to transfer the technical support of their systems to local IT companies. However, there is still no full-fledged analogue of SAP in Russia.
Suspend all shipments to Russia
Subsidiary Uniqlo suspended some operations in Russia. The Japanese clothing retailer Uniqlo has informed the company's staff that some stores in Russia, which suspended operations in March 2022, will be completely closed. Uniqlo to sell most of its stores in Russia after incurring significant losses. Uniqlo has refused to rent premises for all its stores in the Russian Federation: these spaces have already been occupied or are being occupied by other retailers. The company really waited an hour, keeping salaries, staff and an office in Russia. Now the legal entity of the retailer has stopped any activity. True, Uniqlo does not plan to liquidate it, hoping to resume business someday, says one of its partners.
LVMH temporarily closes its 124 stores in Russia. Suspend all operations in Russia.
General Electric Co said it is suspending operations in Russia, with the exception of providing essential medical equipment and supporting existing power services in the region. "We have suspended operations in Russia, with the exception of supporting existing power services to the people in the region," a GE spokesperson told MarketWatch in January 2023, reiterating the company's message from last year. The American General Electric (GE) will not be able to continue servicing gas turbines for the heat of power plants with a total capacity of 5 GW in Russia due to sanctions.
All new types of business in Russia have been suspended. German energy holding Siemens Energy has started restructuring its business activities in Russia and intends to complete the exit from assets in Russia at the end of the current fiscal year. But it is possible to continue servicing the equipment for "Nordic Stream-1". 14.10.2022: Siemens Energy sells Russia-based gas turbine JV to local state firm. Systems LLC (formerly Siemens LLC, the Russian structure of Siemens AG) plans to initiate a voluntary liquidation procedure in February 2024 due to the inability to continue its normal activities related to the import of goods into the Russian Federation, according to the company’s report on the results of 2023.
German logistics company Deutsche Post suspends activities within Russia. 05.06.2023: One of the four legal entities (DHL GLOBAL MAIL) was liquidated.
Suspend its operations in Russia due to the country’s invasion of Ukraine.
Keep Russia office; stop exports to Russia
Pause all deliveries to Russia and no operations domestically
Suspend sales of Scientific Solutions portfolio and all capital investments
The company suspended all new sales of Microsoft products and services in Russia (but continue existing access) and it is stopping many aspects of the business in Russia in compliance with governmental sanctions decisions. Microsoft restricted Windows 11 update for Russians but later Microsoft returned the ability to download and install Windows 10, 11, Windows 8.1. and Windows 7 for Russians, however customers in the country are still unable to download and install the company’s latest operating system. The US Treasury has reached an agreement with Microsoft to settle the dispute over the IT giant's violation of sanctions against Cuba, Iran, Syria and Russia: the company will pay almost $3 million and $1.3 thousand each. clauses are violated, according to the statement of the US Ministry of Finance. Microsoft has stopped warranty service for Xbox consoles in Russia. Russian companies will soon not be able to use official Microsoft products. Since October 1, 2023 the corporation no longer extends licenses for its software.
ABB has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions. When the war broke out, ABB stopped taking new orders in Russia. At the same time, it has been fulfilling a small number of existing contractual obligations with local customers, in compliance with applicable sanctions. It was still “working on completing the exit […] in compliance with all applicable laws and sanctions.”
Siemens' parent company announced its exit on May 12. Siemens Mobility has already announced the termination of contracts with Russian Railways for the maintenance of Sapsans, and a contract worth 1.1 billion euros for the supply of Sapsans. In addition, Russian Railways is suing them - the St. Petersburg Arbitration Court took away equipment for servicing trains in favor of Russian Railways. There is still a joint venture with Sinara for the production of trains.
Suspend export shipments to Russia
Transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.
OOCL Logistics, which manages a fleet of 70 container ships, including two icebreakers, has stopped shipping dresses, skirts, trousers, shoes and other clothes already paid for from its warehouses in Shanghai and Shenzhen to Vladivostok. The company cites sanctions as the reason for the refusal.
Suspended exports to Russia due to distribution challenges.
suspended shipments to Russia except for humanitarian medical products
Suspended operations; Moscow office was open for some time but currently it is not listed among offices worldwide: https://www.bcg.com/offices/default
Suspend direct shipments to Russia; continue Europe to Kazakhstan and Russia to Kazakhstan routes
Cards issued by Russian banks will no longer be supported by the Mastercard network regardless of where they’re used - inside or outside of Russia. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs. All domestic transactions in Russia are processed by the central bank and Mastercard cannot block them. Also, the company has lost $30 million in 2022 due to the suspension of activities in Russia, as reported in its financial statements for 2022.
Stop all new sales of product and services in Russia. The company called its exposure to Russia and Ukraine immaterial and roughly 1% of revenue, CEO Shuky Sheffer said in an earnings call on May 11. Amdocs complies with applicable U.S. sanctions on Russia and has stopped new sales of its products and services in the country, he said.
Suspended Russian exports
French luxury group LVMH "temporarily" closed its 124 stores in Russia
The company pauses its business in Russia. Import to Russia is suspended and all shops are closed. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect. The bulk of indirect shipments after the invasion is traded by Switzerland.
Stop exports to Russia & halt investments
The company stops supplies of technology, software and movies distribution. Cameras of the Japanese brands Canon, Fujifilm, Sony and batteries of the American Duracell will be included in the list of parallel imports.
Suspended product deliveries in Russia. Pledge of $1.1 million to UNHCR refugee agency and other international humanitarian organizations. Cameras of the Japanese brands Canon, Fujifilm, Sony and batteries of the American Duracell will be included in the list of parallel imports.
Received revenues in Russia in 2021, there is no any official announcement. But some time ago Russia dissappeared as market at the company website.
Suspend shipments of tires to Russia. Significant drop in revenue (from $215m in 2021 to $55m in 2022 - according to RAS) resulted also in massive staff reduction which decreased from 1000+ employees in 2021 to ~70 in 2022.
Temporarily suspended shipments to Russia due to the war in Ukraine (there are 81 independently owned stores in Russia). The LEGO Group has not shipped products to Russia since March 2022. We do not support or facilitate sales of LEGO products into Russia and have taken steps to increase visibility and control over any potential resale activity by our retail partners which includes adding a clause to existing retailer contracts regarding supplying Russia.
Another company suspended its work in Russia - the Irish concern Allergan
Suspended its retail operations in Russia. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect.
Temporarily suspended the operations of its 51 stores in Russia.(Russia accounted for ~1% of group sales. Very little supply sourcing from Russia)
Received revenues in Russia in 2021. After long and detailed discussions, the KYB Group decided to suspend the activities of KUB Eurasia LLC from April 1, 2023.
Lindström Group to sell its operations in Russia. In fact, the company has not yet left the Russian Federation. The local company "LINDSTREM" LLC is active according to "EGRYUL" and the owners have not changed. Active recruitment of employees continues.
Exiting its $14 billion (20%) stake in Rosneft, the Russian state-controlled oil company. British energy giant BP reported a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.
Shipments and sales to Russia discontinued
On 22nd February, before the Russian regime’s invasion, Dyson stopped supplying products into Russia. Dyson has ceased online commercial, social media and advertising activities in Russia and the annual James Dyson Award is suspended there. Dyson has closed all directly managed retail spaces in Russia and, at the same time, has taken steps to stop activity in those third-party retailers which are not in their control.
Ceases its main activities in Russia and Belarus: they stop working on current projects, refuse new ones and will not take part in short-term tenders
Blocked Russian state media channels from the platform, including RT and Sputnik, followed by suspension of operations. TikTok announced massive layoffs in the Russian office but is ‘shadow promoting’ banned Russian content to users and increased number of staff in Russia from 42 to 363 in 2022. Profit of Russian TikTok in 2022 grew tenfold in a year. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database.
The company suspends all FedEx services in Russia and Belarus.
Halted delivery and sales
Stop goods and money flows to Russia
Suspends new business in Russia until further notice
Paused exports to Russia. Suspension of exports to Russia (Diageo distributes its brands to 70,000 shops and 19,000 bars throughout Russia). Moscow Brewing Company (MPK) decided to supply Irish Guinness and has already imported the first batch of the drink. IPC imported a batch of Guinness Draught, which includes kegs with a capacity of 30 liters.
Suspends transactions with Russia.
Suspend deliveries to Russia
Canadian Four Seasons has suspended direct management of hotels in Russia. Since the spring of 2022, Hyatt, InterContinental, Marriott, CPI Hotels, Belmond, Sokos, Four Seasons, BWH and Wyndham have left the Russian market.
Suspend all sales to Russia. Temporarily discontinuing all deliveries.
Suspended Russian exports
Suspended production in the Swir sawmill, Russia, Wood procurement in Russia and imports to Metsä Group's mills discontinued
Signed aggreement to divest all Russian operations.
Temporarily suspends shipping of bikes, snowmobiles and outboard motors due chaotic logistic networks. Pledge of $700 K to Japan Platform for humanitarian aid for Ukraine. (Presence in Russia.)
Reduced activities in Russia. Suspended sales of luxury plumbing fixtures, orders from new customers, and marketing.
Damen halts delivery of newbuilds to Russia. The Netherlands’ largest shipbuilder is suing the Dutch government for losses inflicted on its business by sanctions against Russia, a rare instance of a European company taking its grievances to court over the corporate fallout from the invasion of Ukraine. “Before the sanctions, Damen had signed contracts with Russian ship buyers, and after the invasion of Ukraine the Dutch government decided that such contracts may not be honored by the Dutch business community.”
Still operating and advertising in Russia. Suspended some shipments. Cameras of the Japanese brands Canon, Fujifilm, Sony and batteries of the American Duracell will be included in the list of parallel imports.
Suspend operations at Russian mill
Halt production in Russia
Continued doing business as usual. Once the war began, Rohde & Schwarz immediately enacted the sanctions imposed on Russia and halted its business relationships with Russia. Since then no products of any kind have been exported to Russia, either directly or through so-called parallel imports. 25.10.2022: RSP INTERNATIONAL MANAGEMENT SERVICES LLC becomes the managing organization.
Suspended business in Russia.
Manitou Group suspended its shipments of machines to Russia and Belarus from the first days of the conflict (even though the EU sanctions at the time did not prohibit Manitou machines from being exported to Russia).
Suspend shipping into Russia
Suspend shipments to Russia
The company refused to work in Russia (contractor in a number of LNG projects)
Suspend commercial operations in Russia
Suspending business with Russia. $100K donation to the International Committee of the Red Cross. (Office in Moscow.)
In the summer of 2022, a subsidiary of the German construction company Bauer Spezialtiefbau sold its assets to a Russian businessman; the court declared this deal invalid due to the lack of permission from the government commission.
French software developer Dassault Systèmes suspended operations in Russia and Belarus, and is now trying to imprison the directors of factories important for Russia for piracy and paralyzing large production - the Russian police of Dassault Systèmes are helping.
Stop top-ups for Russian cards and block transfers to Russian institutions
Continuing sales in Russia. Promised to stop busisness. In process of selling subsidaries (pending approval from the country's authorities). But revenue and assets increased in 2023 vs 2022 and in 2022 vs 2021.
Suspended shipments to Russia. (No manufacturing presence)
There are no press-releases, but the company released a service alert that shipment to Russia and Belarus were temporarily suspended. The court fined Airbnb, UPS and Spotify for refusing to localize the data of Russians.
Block bookings and block accepting guests in Russia. A Russian court has fined American company Airbnb 6 million rubles ($65,400) for repeatedly failing to localize data in accordance with Russian law.
Avind International Oy acquired in 2021 Transpoint International (FI) Oy and its two Russian subsidiaries owned by VR Group. With the acquisition, Avind will become one of Finland’s largest Russian logistics companies, that offers services also to CIS-countries, Central-Asia and China. Logistics company Avind from Khamina left its main market - "We left Russia because of the war, business is turning 180 degrees".
Suspended manufacturing for Russian market. Direct refugee support.
Stop Licensing Content to Russia
The Megogo online cinema has stopped working in Russia. Received revenues in Russia in 2022.
Suspend all new investments in Russia
Temporarily closing stores in Russia (50 stores operating in Russia). Russian sales points of Women' secret have remained closed since March 2022, when Tendam announced its withdrawal from the Russian market due to the military conflict between Russia and Ukraine. The company, which announced its departure from Russia, will transfer some of its points of sale in the country to the Belarusian franchisee Fashion House.
Suspend operations in Russia,
Suspended business in Russia
Suspend operations in Russia
Suspend Russian business
Has a relatively small business in Russia (3% of revenue), paused operations amid sanctions, avoid any write-downs
Stop all sales to Russia & Belarus
The French regulator has said Eutelsat must cut ties with NTV Mir. It is claimed Russia was Eutelsat's second biggest client last year. Reporters Without Borders (RSF) has asked France’s broadcasting regulator, ARCOM, to order French TV satellite operator Eutelsat to stop carrying three Russian TV channels that are spearheads of the Kremlin’s war propaganda.
Sales in Russia and Belarus are well below 1% of the total company sales and we are suspending operations in these regions.
The company suspends of all sales, support, and professional services in Russia and Belarus.
Suspend business in Russia
Initially suspended sales in Russia due to logistics and volatility. Russian Nintendo CEO Is Reportedly Using Nintendo Russian HQ to Sell Nintendo Games Through Import Company. Nintendo eShop to shut down in Russia.
The Swedish electronic and audiobook service Storytel will leave the Russian market on October 1, funds for unused subscription days will be returned to customers. pause its operations in Russia until further notice, including halting all content production and new content acquisitions in Russia.
Suspended operations with Russia. Closed sales office and suspended operations with United Wagon Co. (joint venture partner).
Reduced revenues in Russia in 2022, all Eltek's businesses operations were suspended since the initiation of the EU sanction announcement in February 2022. Eltek remains committed to complying with international norms and regulations. Company have diligently adhered to the trading rules established by the European Union (EU) since the beginning of the conflict. Eltek has taken all necessary measures to ensure we adhere to the regulations fully.
Suspend all shipments to Russia
Suspend operations of on-site and online stores
Received revenues in Russia in 2021, but in March 2022 Kemppi suspended all operations in Russia.
Halt its 50mn euro investment in Moscow
The largest logistics company in China has stopped shipments to Russia.