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 CompletedCeased business in Russia. Ukraine and Westinghouse to launch domestic nuclear fuel plant, reducing Russian dependence.
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.
Continue its divestment in Unipro. No new long-term natural gas supply contracts with Russia. Full impairment loss on the Nord Stream 2. Statement condemning Russian invasion of Ukraine. (Operates 5 power plants in Russia under Unipro). Uniper takes €4bn hit after losing control of Russian subsidiary. The German energy concern Uniper does not count on the resumption of Russian gas supplies and is waiting for a court decision on a lawsuit against Gazprom Export for gas supplies no earlier than 2024. Uniper decided to terminate its long-term Russian gas supply contracts and thus legally ended the long-term gas supply relationship with the Russian state-owned company Gazprom Export. The decision was made possible after an arbitration tribunal on June 7, 2024 awarded Uniper the right to terminate the contracts and awarded it an amount of more than €13 billion in damages for the gas volumes not supplied by Gazprom Export since mid-2022. European energy companies have filed lawsuits against Gazprom, seeking a total of €18 billion in compensation for the disruption of gas supplies. The largest lawsuit, worth €14.3 billion, was filed by the German company Uniper. In June 2024, the Stockholm Arbitration Court ruled in Uniper's favor. Uniper, which has repaid most of its claims against former main gas supplier Gazprom, is opening a new tab during the first quarter 2025, the German utility company said.
After the start of Russian aggression in Ukraine, Gasum’s natural gas supplies continued as usual. The company commented that “an active dialogue is ongoing with the relevant national authorities and stakeholders regarding the situation”. But later, natural gas imports from Russia under Gasum’s supply contract was decided to be halted on Saturday 21 May at 07.00. Finnish Gasum has stopped taking LNG shipments from NOVATEK's Kryogaz-Vysotsk project in Leningrad oblast, according to Kpler data. Thus, one of the two tankers belonging to Gasum — Coral Energice — last called into the port of Vysotsk on April 24, and left without being loaded (the last batch of LNG was taken out by the ship on April 12). The second Gasum tanker, Coral Energy, called for the last time in the port of Vysotsk on April 4. Prior to that, tankers took several cargoes each month. Two gas tankers Gasum transported 17.46 thousand and 14.2 thousand cubic meters of fuel, respectively. Finnish state energy company Gasum continues to purchase a minimum amount of LNG from Russia under a long-term contract that is not subject to EU sanctions. Under the terms of the agreement, the Finnish company is obliged to pay Gazprom for a certain amount of gas annually, regardless of whether Gasum receives the gas or not. “If the company decided not to purchase this volume, it would still be obligated to pay for gas under the contract,” the company’s website says. Gasum will stop importing Russian LNG next month, in line the EU’s latest sanctions package adopted at the end of June 2024. Finnish energy company Gasum said it has ceased LNG purchases from Russia as the Nordic country gears up for a total ban on Russian gas.
The Russian authorities are discussing the possibility of introducing barrier duties of 220% on dietary supplements from unfriendly countries. The measure may affect such large manufacturers as Stada, Solgar, Unipharm. 11.2023: The entry about the founder of STADA ARTSNAIMITTEL was removed from the Unified State Register of Legal Entities. AGNIDDA LINKS S.A.R.L. becomes the new founder of the organization (probably internal deal). One of the largest German investors in the pharmaceutical industry of the Russian Federation, the company Stada, is moving its plants into a separate company and preparing them for sale. Vladimir Putin has transferred the management of one of Russia's largest pharmaceutical manufacturers, Nizhpharm, under temporary control. The decree applies to 100% of the shares owned by Luxembourg-based Nidda Lynx S.A.R.L., which is part of the German Stada group. The new temporary manager of the assets is the Russian company Farmirus. It was founded in 2020 and specializes in the supply of medicines. In 2022, the company operated at a loss with revenue of about 92 million rubles ($1 million).
Remove products from Russia from shelves
Continuing business operations in Russia (4 locations). Canceled €200 million expansion investment. The Rockwool company earned millions of Krons on orders from the Russian Ministry of Defense. Among other things, Rockwool products are part of a warship that participated in the war against Ukraine last year. An official partner and distributor of Rockwool supplied materials to the Russian Navy for use in the construction of three advanced frigates. Still, the Danish stone wool giant vehemently denies having any customer relationship with Russia’s military. Since the annexation of Crimea in 2014, Rockwool has systematically sold ship insulation that has ended up in at least 31 vessels in the Russian navy. Ukraine’s anti-corruption agency has branded Danish insulation giant Rockwool an “international sponsor of war” for continuing to supply its construction materials via intermediaries to various Russian state institutions, including the Ministry of Defense. Business seizure. The Russian assets of the Danish Rockwool were transferred to the management of companies from the Russian Federation in accordance with Putin's decrees, which he signed on December 31, 2025. It is noted that 100% of Rockwool LLC, a subsidiary of Rockwool, as well as 68% in Rockwool-Volga LLC - another "subsidiary" of the Danish manufacturer of thermal insulation materials - were transferred to the Russian company JSC "Development of Construction Assets". The latter was registered in Moscow in the fall of 2025. The decree comes into effect from the date of official publication, that is, from January 13, 2026. Rockwool estimates loss of assets in Russia at €469 million.
The company has stopped investing in Russia, but the company's plants in Russia continue to operate. Business seizure. The Russian assets of the Polish-American CanPack were transferred to the management of companies from the Russian Federation in accordance with Putin's decrees, which he signed on December 31, 2025. The Russian company "StalElement" received 100% of LLC "Ken-Pak" and LLC "Ken-Pak Packaging Plant" - Russian Canpack factories engaged in the production of metal containers. The decree comes into effect from the date of official publication, i.e. from January 13, 2026.
BASF decided to wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. Exempt from this decision is business to support food production. Partial exit (had 4 companies). 07.2023: The record about the founder of CONSTRUCTION RESEARCH AND TECHNOLOGY GMBH has been deleted. The record about the founder MASTER BUILDERS SOLUTIONS DEUCHLAND GMBH has been removed. MBSS HONG KONG LIMITED becomes the new founder of the organization. MBSS HONG KONG ESTABLISHMENT LIMITED becomes the new founder of the organization. President Vladimir Putin signed an order authorizing Lakra Sintez, one of the largest manufacturers of paints and varnishes in the Russian Federation, to buy 100% of shares in BASF Vostok, a subsidiary of the German concern BASF in Russia. Significantly decreased revenue in 2023 vs 2022. 06.2024: LAKRA SINTEZ LLC becomes the new founder of the organization LLC "BASF Vostok". The entry about the founder of BASF COATINGS GMBH has been removed from the Unified State Register of Legal Entities.
Stopped new investments and exports/imports from Russia, American food manufacturer Kraft Heinz, the largest shareholder of which is Warren Buffett's Berkshire Hathaway, is putting up its business for the production of baby cereals, purees and other baby food for sale. The company continues to conduct a full-fledged business in Russia in its main category of sauces. The sale of the business concerned only the category of baby food. In the main category, the company is increasing its marketing activities in Russia (for example, see the new advertisement for the Picador brand https://www.youtube.com/watch?v=7T795vnCOw8). 03.2024: LLC "MANAGEMENT COMPANY "CHERNOGOLOVKA" becomes a management organization. 19.03.2024: JSC "AQUALIFE RESOURCE" becomes the new founder of the organization. The entry about the founder of the PRIVATE LIMITED LIABILITY COMPANY "H.J. HEINZ GLOBAL HOLDING B.V. was removed from the Unified State Register of Legal Entities. 05.2024: The entry about the founder of AQUALIFE RESOURCE JSC was removed from the Unified State Register of Legal Entities. JSC "GROUP OF COMPANIES "CHERNOGOLOVKA" becomes the new founder of the organization LLC "IVANOVSKY BABY FOOD FACTORY". The Chernogolovka company decided to stop the production of Heinz baby food in September 2024 and begin producing products under the Gipopo brand.
Received revenues in Russia in 2022. Russian President Vladimir Putin has authorized the sale of the Finndisp chemical enterprise, owned by Dow Europe Holding B.V. The company is registered in the Netherlands and owned by the American Dow Inc. 01.2024: Partial exit, one of the 4 companies sold. Bendenko Sergey Nikolaevich and JSC "PLASTIC" become the new founders of the organization. The entry about the founder of DOW EUROPE HOLDING B.V. was removed from the Unified State Register of Legal Entities.
According to press reports, the company is suspending car imports. There are no company statements.
Initially paused exports to Russia. The Pernod Ricard company, which owns Ireland's largest Jameson whiskey brand, has resumed supplies to the Russian market. Sales were suspended in March last year after the start of a full-scale war between the Russian Federation and Ukraine. The Absolut Company has decided to stop the export of its brand to Russia. Chivas employed several hundred people in Russia, and ceased exporting its international brands to the country at the end of April 2023, following a “complicated” exit process.
Will continue to trade in Russia, Vostochnaya Technika, the official Caterpillar dealer in some parts of Russia. Revenue decreased in 2024 vs 2023 by more than -20%. 22.09.2025: The entry regarding the founder of VOSTOCHNAYA TEKHNIKA UKEY LIMITED has been removed from the Unified State Register of Legal Entities. VOSTOCHNAYA TEKHNIKA MIDL IST EF-ZE-E becomes the new founder of the organization.
Workers of Lunsin LLC, a Tuvan subsidiary of the Chinese Zijin Mining Group, accused the company of discrimination in wages. The company is developing the Kyzyl-Tashtyg polymetallic deposit. The Biden administration has added 37 more Chinese companies to a "blacklist" banning imports of their products into the United States over their alleged use of forced labor in the Xinjiang region. The list includes mining giant Zijin Mining Group, according to a statement from the U.S. Department of Homeland Security. China's largest mining company wants to leave Russia because of sanctions. We are talking about the Kyzyl-Tashtyg Mining and Processing Plant OOO "Lunxing", owned by the Chinese Zijin Mining Group, which is one of the largest companies in China. From June 1, the enterprise will be downtime due to the fault of the employer. The decision was explained by "financial difficulties" due to a significant expansion of sanctions against the Russian financial sector and the subsequent refusal of Chinese banks to work with Russian financial institutions, which "led to a delay in payment for the products sold by OOO "Lunxing".
According to the decree on the transfer of assets of the Agroterra company, one of the top 15 largest landowners in the country, under state control, 100% of Agroterra, which owns lands in Kursk, Oryol, Lipetsk, Tula, Ryazan, Tambov, was transferred to the “temporary management” of the Federal Property Management Agency. and Penza regions. In addition, the Federal Property Management Agency received 100% of its financial subsidiary AgroTerra (Capital AgroFinance), as well as AgroSistema LLC and AgroSistema-Regions LLC. The actual owner of the Russian group is the Dutch holding AgroTerra Invetments B.V. The Federal Property Management Agency appointed a new general director to Agroterra, which was transferred to its management.
No statements about suspending or closing business. Italian bank Intesa Sanpaolo's (ISP.MI) Russian subsidiary saw profits more than six times higher in 2022 than the year before, independent audit documents showed, as Western sanctions on Russia's banking sector gave foreign lenders an unlikely boost. Intesa closer to gaining Moscow's OK for Russia asset transfer. The largest Italian bank, Intesa Sanpaolo, has decided to close its representative office in Moscow, although it was unable to obtain permission to completely withdraw from Russia due to restrictions on the sale of assets. Banca Intesa has increased the fee for legal entities to open euro accounts tenfold.
Suspending business in Russia. Donated 1$ million to UNICEF and Red Cross. Doubled employee matching to approved charities.
Wind down Russian business. 1H23 sales declined 1% as reported, while LFL sales grew 6% including approximately 300 bps of negative impact from the Russia exit.
Received revenues in Russia in 2021-2022, there is no any official announcement. Baring Vostok sold the collection agency PKB to an investor from the Russian Federation.
The company suspends online sales to end-users and also suspends investments, marketing, training and events. According to the previous statement, there will be no exports of products from Russia to the global warehouse in Europe. The production from the Russian factory is being redistributed to other manufacturing sites. Oriflame, as part of a previously announced strategic review of its assets in Russia, has chosen to divest its manufacturing entity within the country. The company has already signed a binding agreement with Arnest Management LLC (Arnest), who will acquire 100% of the shares in Cetes Cosmetics Russia. 11.2023: The entry about the founder of ARNEST MANAGEMENT LLC was removed from the Unified State Register of Legal Entities. JSC "ARNEST" becomes the new founder of the organization. 17.12.2024: The entry about the founder of JSC "ARNEST" has been removed from the Unified State Register of Legal Entities. JSC "MERCURY" becomes the new founder of the organization. JSC "EVEREST" becomes the new founder of the organization. Revenue decreased in 2024 vs 2023 by more than -20%.
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.
Suspending Russian transactions at end of March 2022. Also suspended any new financing in Russia. BNP Paribas Asset Management is set to liquidate the firm’s Europe Emerging Equity fund on 3 July, following more than a year of suspension. 06.06.2024: The legal entity BNP PARIBAS TECHNOLOGIES was liquidated. Revenue decreased in 2024 vs 2023 by more than -20%.
Ceased imports into Russia. Divest Russian operations: Olam International sells its Russian coffee production site to Lalibela Coffee. Revenue decreased in 2024 vs 2023 by more than -20%. 12.09.2025: The entry regarding the founder of OLAM INTERNATIONAL LIMITED was removed from the Unified State Register of Legal Entities. OLAM GLOBAL HOLDCO PTE. LTD. and OLAM HOLDINGS PTE. LTD. became the new founders of the organization.
Tigers Realm Coal Limited engages in the identification, exploration, development, mining, and sale of coal deposits in Russia and Asia. Tigers Realm Coal said it will sell its assets, including two Siberian coking coal mines and an export terminal, for $49 million to APM-Invest, owned by Russian businessman Mark Buzuk. Tigers Realm Coal nears completion of Russian subsidiary sale amid legislative delays. Tigers Realm Coal Limited has been navigating the sale of its Russian operations to Limited Liability Company APM-Invest, with the process being delayed due to new Russian legislation affecting company exits. The company is also dealing with compliance issues related to the Australian Sanctions Regime, which has impacted its ability to provide financial documents on time. The completion of the sale is pending presidential approval, which once obtained, will allow the company to proceed with its financial filings. Revenue decreased in 2024 vs 2023 by more than -10%. Tigers Realm Coal is still attempting to complete the sale of its Russian mining and port subsidiaries to APM-Invest under a share purchase agreement signed in April 2024, but the deal remains stalled pending required Russian presidential and governmental approvals.
No information about operations with Russia. Probably an internal deal - 12.2023: The entry about the founder of AP PACKAGING RUSSIA HOLDING GMBH was removed from the Unified State Register of Legal Entities. NEVA EF-ZET-EL-EL-SI becomes the new founder of the organization. Revenue decreased in 2024 vs 2023 by more than -10%.
Winding down operations in Russia. Stopped new transactions in Russia. The German Commerzbank, which is the second largest in Germany, stopped making payments to Russia. The only exception made is for its "daughter" — the credit organization "Kommertsbank (Eurasia)". Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank. Deutsche Bank and Commerzbank blocked Gazprom subsidiary's Russian lawsuits. A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.
According to messages in the press, the company is winding down its business in Russia but cautiously returned to the market for Russian government and corporate bonds and buy Russian debt. Due to the unilateral decisions of American financial institutions, servicing of Gazprombank correspondent accounts in US dollars at JPMorgan Chase Bank and Bank of New York Mellon will be terminated. In this regard, we ask clients not to use Gazprombank for cross-border transfers in US dollars starting from January 27 inclusive. The Russian subsidiary bank of the American JP Morgan Chase, which announced the winding down of its operations in the country back in March 2022, became the largest foreign investment bank in Russia in terms of assets at the end of January–September 2023. The bank's assets overall grew more than fourfold over the past two years. A Russian court has ordered the seizure of JPMorgan Chase funds totalling $439.5mn a week after Kremlin-run lender VTB launched legal action against the largest US bank to recoup money stuck under Washington’s sanctions regime. JPMorgan Chase warns bank’s assets may be seized in Russia after $1,460,000,000 write-off. Goldman Sachs and JPMorgan in February 2025 started to offer investors ruble-linked derivatives.
Promised to terminate business and operations with and in Russia.
Worked, placing the recruitment ads but on behalf of the new owner (Maxidom), which still uses the Castorama brand. Revenue decreased in 2024 vs 2023 by more than -20%.
Cease trading operations with Russia & Belarus; running plants in Russia. The Freudenberg Group is suspending all trading activities in and outside Russia and Belarus due to the invasion of Ukraine, the CEO of the German group, Mohsen Sohi, said.
Wind down Russian business in 2022
The shareholders of the Duracell battery manufacturer have decided to withdraw from the Russian market. Before exiting the Russian market, the company will sell off the remaining stock of goods and settle with employees. Exported goods to Russia at least till Feb-2023 - https://squeezingputin.com/support.html Duracell will return to Russia under a new name. Sales of Opticell batteries have begun in Russia. The brand should occupy the niche of the departed Duracell and Energizer. In August 2023, it was reported that Opticell is a subsidiary of Duracell, but the Ministry of Industry and Trade denied this information, stating that the brands are not related in any way. At the same time, Impulse LLC (owns the Opticell brand) is headed by Yuri Korotaev, who headed Duracell Russia till August 08, 2023. But main legal entity LLC "DURACELL RUSSIA" (tax id 7743101227) continues to operate in Russia, eventhough its revenue dropped more than 2x times in 2023 vs 2022.
Received revenues in Russia in 2021, there is no any official announcement. Fletcher Hotels left Russia.
The company applies French and international economic sanctions. The company decided to put on hold all of its foreign investments and its major development projects in the country. Intention to withdraw from Russia - signed a Memorandum of Understanding with the local management team with the objective to transfer its activities in Russia in the framework of an Management Buy Out. In September 2022, Air Liquide announced that it had signed a memorandum of understanding to sell its Russian business to a local management team. However, the deal never received approval from the Russian government, leaving the company in limbo. Russian President Vladimir Putin has transferred the assets of the French chemical company Air Liquide in Russia to the temporary management of the company M-Logistics, according to a decree by the head of state published on the official legal information portal.
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"). Significantly (more than 10x! times) decreased revenue in 2023 vs 2022.
Still operating in Russia. Armen Sargsyan's S8 Capital wants to acquire the Russian business of American Huntsman. This company owns a chemical production facility in Obninsk. Huntsman hoped to exit assets in the Russian Federation in 2023, but did not receive all the necessary regulatory approvals. Revenue decreased in 2024 vs 2023 by more than -10%.
Acino's parent company, headquartered in Zurich, Switzerland, sold an asset in the Russian Federation in 2023 and no longer does business in that country. But Acino doesn't appear to have totally left Russia, they seem to have transferred the shares to a related companies in the UAE. The parent company of ACINO is ADQ based in UAE. Acino in Switzerland has made no official announcement that they left Russia.
Exit Russia completely
Warimpex Finanz- und Beteiligungs has sold its last remaining project in Russia, the Airportcity St. Petersburg, and is therefore no longer active in the Russian market.
Promised to stop new business and investments. Also, promised to close the plant and tried to change owners of the smallest TERRA INFRASTRUCTURE in 2022. In reality, local companies has not changed their owners and the biggest ones were renamed. Revenue slightly decreased in 2022 vs 2021. A big jump of the trade in summer of 2022, mostly attributed to the Murmansk Seaport project of the new material handling system for coal. Partial exit, 1 out of 3 local legal entities changed owner. 02.2024: OJSC "KRASNOYARSK NON-FERROUS METALS PLANT NAMED AFTER V.N. GULIDOV" and JSC "AKXION-RARE AND PRECIOUS METALS" become the new founder of the organization THYSSENKRUPP INDUSTRIAL SOLUTIONS (RUS) (abbreviated as LLC "TKIS (RUS)"). The entry about the founder of THYSSENKRUPP INDUSTRIAL SOLUTIONS AG has been removed from the Unified State Register of Legal Entities. Revenue decreased in 2024 vs 2023 by more than -20%.
17.05.2022: The full name has been changed with Limited Liability Company Luxoft Proffesional for LLC IBS Infinisoft, 20.04.2022: IBS IT Service Joint -Stock Company becomes a new founder of the organizational liability unit "Information Business". In 2022, Integriti Solutions LLC, which is almost 100% owned by Luxoft Global Operations GmbH, based in Switzerland, increased its revenue by 97% to 3.5 billion rubles. Back in March 2022, Luxoft announced that it condemned Russia's actions, supported Ukraine, and decided to withdraw from the Russian market. Against this background, Luxoft transferred part of its Russian programmers to other countries, and also sold part of its Russian assets: in particular, LLC "Luxoft Professional" and ANO "Uchebny Tsentr Luxoft" were transferred to the structures of the IBS group. As of April 2023, the founder of "Integrity Solutions" remains the same, and there is no mention of plans to liquidate the company in the explanations to its financial statements. 05.2024: Key legal entity LLC "Luxoft Professional" (in 2022 renamed to LLC "IBS INFINISOFT") was liquidated on May 27, 2024.
Stopped sale of new machines to Russia and Belarus (AGCO has a sales, administration, distribution, and assembly presence in Russia. Sales in Russia and Ukraine combined was <2%). Partial sale - one of the local companies, "AGCO MACHINERY" LLC, changed its owner (OPTITEK DISTRIBUTION HOLDING B.V. becomes the new founder of the organization). Revenue decreased in 2024 vs 2023 by more than -20%.
Made the decision to withdraw from Russia and, having already paused new sales, is initiating a plan to stop production and business activities. Corteva is concluding its plan to stop production and business activities in Russia, and because we have enough sunflower production capacity in Europe for the European market, we no longer need the additional production capacity at the Woodland location.
Scaling down operations in Russia. Silver Wohu, Head of Marketing and Communications at SEB Estonia, said that the group is expanding its business in Russia, and the plan is to fully consolidate its business in Russia.
Received revenues in Russia in 2021-2023. One of the largest agencies for analyzing the consumer electronics markets, GfK, part of NielsenIQ, is selling the Russian LLC GFK-Rus to local management.
Stopped delivering appliances and later terminated business activities in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.
Was selling online. Fischer restricted its business in Russia. 07.03.2024: The legal entity FISCHER SPORTS RETAIL LLC (tax id 7716885692) was liquidated, but the main legal entity FISCHER LLC (personal identification number 7716588925) continues to work.
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.
Received revenues in Russia in 2021. The company is actively engaged in helping the affected Ukrainians, and has already allocated more than 50 million hryvnias to finance charitable and humanitarian projects.
The Vanderlande office is closed as of 30.9.2022. Vanderlande has no more activities in Russia as of then. The decision was taken in March 2022. It took until now to close our operations in an orderly manner.
Stop shipments to Russia; maintained services. During the second quarter of 2022, Eaton decided to exit business operations in Russia in light of the ongoing war with Ukraine.
Promised to stop production. Gestamp have several plants in Russia which are still operating on daily business but scaled back volumes. Significantly reduced revenue in 2023 vs 2022. Partial sale: 29.01.2025: JSC POLAD becomes the new founder of the organization LLC "GESTAMP TOGLIATTI". The entry about the founder of JSC GESTAMP SERVICIOS SA has been removed from the Unified State Register of Legal Entities. Revenue increased in 2024 vs 2023 by more than +100%. 25.06.2025: Viktor Mikhailovich Popov becomes the new founder of the organization LLC GESTAMP TOGLIATTI. 2 another entities are still owned by Gestamp.
Withdraw from Russia completely
Divest Russian operations.
Currently able to maintain business in parts of Ukraine and in Russia, at least to a limited extent. But the more likely scenario for Zeppelin is that we will be forced to exit. The company generates around 20% of its €3.7 billion annual sales in Russia and Ukraine. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
ASICS ceased all commercial operations in Russia after the invasion began and has since exited the Russian market.
Received revenues in Russia in 2021 and increased it in 2022, there is no any official announcement. The Iranian manufacturer of household appliances Entikhab Group cannot agree with the Turkish Vestel on the purchase of facilities in the Vladimir region. The deal was valued at $45 million, and Rusklimat was to become the plant's management company. However, they decided that they were not interested in the project. There are other contenders for the capacity of the Turkish vendor, but experts believe that the Iranian investor will be able to find a new scheme and complete the deal. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
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. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
Kramp business is very important to Russia to supply spare parts to their agricultural machinery and keep they running. This is the way how Russia is pushing out Ukraine grain in global food supplies. According to the Annual Report, "An important change was the official termination of our business in Russia, marking the end of a long process that was initiated in 2022. I am pleased that we have found a new owner for the Russian company, ensuring continuity for the people who have been working for Kramp there for the past 15 years”. But no changes reflected in the ownership structure/EGRUL register yet.
Winding down of business activities in Russia in response to Russia's invasion of Ukraine, including write-off and relocation-related expenses of impacted associates.
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. In October 2022, PJSC Inter RAO announced the purchase of Siemens Energy's 65% stake in a joint venture with Power Machines - STGT LLC. Also, RAO Intertech B.V. (Dutch structure of Inter RAO) became the owner of the Voronezh Siemens Energy plant - Voronezh Transformer LLC (formerly Siemens Energy Transformers LLC).
Stop purchases of Russian crude
Received revenues in Russia in 2021, there is no any official announcement. 07.2023: The authorized capital was increased from 101,566,029 ₽ to 120,000,000 ₽. Myasnikov Dmitry Georgievich and Pfaifer Evgeny Georgievich become the new founders of the organization. Linhardt Gruppe left 45% of shares. Revenue decreased in 2024 vs 2023 by more than -10%.
Morgan Stanley Real Estate Fund VII, which is managed by the American company Morgan Stanley, intends to sell 50% of the shopping and entertainment center "Gallery". "Gallery" is Morgan Stanley's latest asset in the real estate sector in Russia.
Closed office and warehouse facility in Moscow and no longer do business in Russia.
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. APS Energia has identified indications that it will lose control of its Russian subsidiary LLC APS Energia RUS at the end of 2024. As a result, a loss estimated at approximately PLN 14 million will be recognized in the 2024 report and a write-off of PLN 8.9 million will be created.
Omron fully wind down business in Russia.
Received revenues in Russia in 2022-2024. From February 6, 2024 feed for animals will not be imported into Russia from the Italian company Hill's, where Rosselkhoznadzor found violations. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Temporarily suspending shipping to Russia. Humanitarian donations.
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. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
In March 2022, Swarovski suspended its Russian business. CEO Alexis Nasard is now announcing a full exit - "in accordance with current sanctions and trade restrictions". Outside of Swarovski's vision of Russia, about how it was voiced in every other turn, already completed, remind Nasard.
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.
Washington Post alleges that Baker Tilly is funding Putin's efforts. No further evidence is given besides the mention of the firm.
The discontinuation of Ekaterra means that tea brands Lipton, Saito and Brooke Bond will cease to be produced in Russia by the end of 2022. After that, the Ekaterra company will completely stop their sales and distribution on the Russian market.
Exit Russia completely
Received revenues in Russia in 2021, there is no any official announcement. Schunk Group pulled out of Russia while company with similar name (SCHUNK GmbH & Co. KG) continued to cooperate with the Russian Federation.
The company suspended all shipments to customers in both Russia and Belarus. There are no statements about suspension of the local offices. Supply channels to Russia have remained open despite Western export restrictions and manufacturer bans. The Russians continue to create combat drones using technologies from Intel, Raspberry, and other Western companies. According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA). Intel Corporation has sold its Nizhny Novgorod office - the largest in Russia. Intel Corporation, headquartered in California, registered the Intel Tiber trademark in early April 2025. According to the company's card, it plans to sell computers, processors, servers, software, including for 3D visualization, modeling and rendering, and equipment with artificial intelligence technologies in Russia under this brand. In total, there are more than 30 product items. The exclusive right to the trademark, according to a document on the Rospatent website, is valid until 2034. Shipments of American Intel processors in 2024 compared to 2023 decreased by 95%, to 20 thousand units (443 thousand in 2023), in monetary terms the figure decreased by 94%, to 297 million rubles (5.4 billion rubles).
Winding down operations in Russia; terminating shareholder syndicate agreements with Deripaska. MKAO Rasperia Trading Limited, a Strabag STRV.VIshareholder formerly controlled by Russian businessman Oleg Deripaska, was sold to Russian company Iliadis JSC, the Austrian construction firm. Raiffeisen abandoned the deal with Deripaska after US pressure. Revenue significantly (by more than -70%) decreased in 2024 vs 2023. The EU made the right choice when it rejected Austria's request to unfreeze a €2 billion stake in Austrian company Strabag, a holding company owned by Rasperia Trading, a Russian investment firm linked to sanctioned oligarch Oleg Deripaska.
Received revenues in Russia in 2021-2022, there is no any official announcement. Ceased to receive income in Russia in 2023.
The French company Valeo has agreed to sell the Russian power systems business to NPK Avtopribor and is awaiting approval of the deal by government agencies. Moreover, the company wants to retain the right to repurchase assets. French car parts maker Valeo said on 31.10.2023 it had signed an agreement to sell its thermal systems production assets in Russia to NPK Avtopribor for an undisclosed sum. Revenue significantly (by -91%) decreased in 2024 vs 2023.
Received revenues in Russia in 2022-2024. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
The company is aiming to sell its assets in Russia within the first half of this year, CEO Ray Scott said, adding that legal issues and other complexities have made the process slow moving. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
The company continues to operate in Russia. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
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. Significantly decreased revenue in 2023 vs 2022. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
ZTE has reduced the scale of its business in Russia due to sanctions, but it is not completely leaving yet. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Analyzing customs data, The Insider found out that in 2023, $38 million worth of spectrum analyzers and generators from the American Keysight, German Rohde & Schwarz and Swiss AnaPico were imported to Russia, and $12 million worth in 2024. The average price of one device is about $43 thousand. In 2023, the leader in purchasing analyzers and generators from Keysight, Rohde & Schwarz and AnaPico was JSC Scientific and Production Firm Dipol. It was followed by Scientific Instruments and Systems LLC, Gradient LLC, Mikropribor LLC, and Infostera LLC in terms of purchase volume of this equipment. In 2023, the subsidiary of the Swiss company, Anapico Rus LLC, also continued to trade in the products of its parent company AnaPico. In 2024, the leaders in purchasing Keysight, Rohde & Schwarz and AnaPico products, according to customs data, changed. RM-Invest LLC came out on top. The remaining purchases were mainly made through Kazan Radio Measuring Equipment Plant LLC, Special Equipment LLC, Sunrise LLC, Gaan Corporation LLC, and Alfa Instruments LLC. But of those mentioned, only AnaPico AG has stopped exporting to Russia." The legal entity of the company has been in liquidation since February 7, 2024.
Received revenues in Russia in 2021 which dropped x3 times in 2022. The management of the ASK Chemicals Group has decided that all companies of the Group are withdrawing from business with Russia and Belarus. Revenue decreased in 2024 vs 2023 by more than -10%.
Italian transport caterer Autogrill is selling its operations in Russia
All new investments and advertising activities on hold. 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.
Stop all deliveries to Russia and Belarus
The company is taking steps to pause all the businesses in Russia. This includes content and product licensing, Disney Cruise Line activities, National Geographic magazine and tours, local content productions and linear channels. Pause new content releases, Disney Channel Russia stops broadcasting, replaced by local kids’ TV channel. Disney and Sony received £13.5m in payments from Russian joint venture after Ukraine invasion despite suspension of operations in the country. The Moscow-based company responsible for marketing and distributing films in Russia made by the two studios paid out £13.1m in dividends in March 2022, a month after Russia invaded Ukraine. An analysis of recently filed accounts shows a further £440,000 was paid between July and December 2023. The money was paid by Moscow-based Walt Disney Studios Sony Pictures Releasing (WDSSPR) to Eastern European Holdings (EEH), a joint venture between Disney and Sony’s London-based Columbia Pictures unit. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Shut down business in Russia. The Russian subsidiary of the American HP Inc. — LLC "HP Inc." — has initiated the liquidation process, according to data from Fedresurs. The HP company left the Russian market early: the operational activities of the Hewlett-Packard (HP) company in the Russian Federation were terminated early, although this was supposed to happen in May. The support service and services for customers stopped working regularly. The Russian site with a redirect to Kazakh is also disabled. The last deliveries to customers in the Russian Federation were in February 2024. In parallel with this, the liquidation of the company's Russian representative office - HPI Inc. LLC took place. But another legal entity, LLC "HEWLETT PACKARD ENTERPRISE" (tax id 7743098542) continues to work. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by -96%) decreased in 2024 vs 2023.
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. Microsoft has again opened access to Windows and Office updates for Russians without using a VPN. You can install them in two ways: from the company's official website or through the appropriate menu of the OS/software package. Significantly reduced revenue in 2023 vs 2022. Microsoft started to cut off russian companies from cloud services. Microsoft continues to reduce its presence in Russia, closing 13 branches and divisions in December 2024 and January 2025. The main legal entity of Microsoft Corporation, Microsoft Rus LLC, intends to file for bankruptcy, according to Fedresurs data. To do this, the company will apply to the Moscow Arbitration Court. The Microsoft Rus financial statements for 2024 stated the opposite - at that time, Microsoft did not plan to liquidate the Russian legal entity. Revenue decreased in 2024 vs 2023 by more than -20%.
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. Revenue of JSC "SONY ELECTRONICS" in Russia significantly (-82%) dropped in 2023 vs 2022. Disney and Sony received £13.5m in payments from Russian joint venture after Ukraine invasion despite suspension of operations in the country. The Moscow-based company responsible for marketing and distributing films in Russia made by the two studios paid out £13.1m in dividends in March 2022, a month after Russia invaded Ukraine. An analysis of recently filed accounts shows a further £440,000 was paid between July and December 2023. The money was paid by Moscow-based Walt Disney Studios Sony Pictures Releasing (WDSSPR) to Eastern European Holdings (EEH), a joint venture between Disney and Sony’s London-based Columbia Pictures unit. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Subway’s 446 local franchises in Russia are still in business, but the US sandwich chain says it is donating its profits from Russia to humanitarian causes. Included in the list of international war sponsors by NACP. The reason was that the company continues to operate in Russia and pay taxes to the Russian budget; Subway also managed to find legal mechanisms to receive royalties from Russia. Russian Subway restaurants to change name to "Sabboy" due to expiration of brand rights. Subway quietly and without publicity left Russia in September 2024. Franchisees received notices of termination of cooperation and lost the right to use the chain's trademark. However, in February 2025 it became known that Subway was returning to the Russian market and had even resumed cooperation with Russian partners, who had previously had to rename themselves "Sabfresh". In September 2024, Subway completely left Russia and banned the use of the brand.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Production on one site in St. Petersburg is stopped. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by -96%) decreased in 2024 vs 2023.
In 2022, the company decided to suspend operations in the Russian market. Temporarily closed its boutiques in Russia and pause all our commercial activities. After a steep drop right after the invasion, shipments never really stopped, and recovered the volume somewhat by the Fall of 2022, albeit not at the pre-invasion level. Moreover, singificant porttion of the shipments is direct. Significantly reduced revenue in 2023 vs 2022. The Christian Dior company has decided to register trademarks in Russia. The Christian Dior company has decided to register trademarks in Russia. We are talking about the Dior, Dioramour and Gem Dior trademarks, as well as the logo with a stylized image of the letters C and D. It is noted that they are registered under classes of the International Classification of Goods and Services (ICGS) No. 9, 12, 14, 18, 20, 21, 24, 25, 28 and 35. Thus, under these brands, the company will be able to produce and sell, in particular, clothing, hats, shoes, toys for children. In addition, the brand will be able to organize fashion shows for advertising purposes. Applications for registration of brands were filed by the French company Christian Dior Couture, which is located in Paris at the address: Avenue Montaigne, 30, follows from Rospatent data. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Ceased business activity in Russia.
Initially promised to terminate all deliveries to Russia, everything that will not be sold by March 24 and will remain in Russian warehouses, Dahua will take it back. But the company continued to work on the Russian market. The main difficulties in the formation of a profitable pricing policy in 2022 were associated with the volatility of the ruble. "Dahua Russia" is the main distributor of products in the Russian Federation and works in the B2B segment. As a result, the main partners of Dahua Russia, distribution networks and flagship stores adopted a wait-and-see policy and suspended the purchase of goods. Included in the list of international war sponsors by NACP. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Promised to suspend all shipments to Russia. Stop domestic services within Russia, effective September 1st, 2022. Deliveries from Russia remain. On November 1, logistics operator DHL increased delivery rates, additional services and fees, as well as customs declaration services in Russia by an average of 35%. Significantly reduced revenue in 2023 vs 2022. 15.11.2024: One of the legal entity, DHL GLOBAL FORWARDING CUSTOMS LLC, was liquidated.
Japanese machine tool manufacturer Mori Seiki has completely stopped doing business in Russia. President Masahiko Mori has said that the machines they make are subject to sanctions because they can be redirected to the production of weapons. President Vladimir Putin signed an order transferring 100% of the shares of Ulyanovsk Machine Tool Plant LLC to the Federal Property Management Agency for temporary management. The plant belonged to the German subsidiary of DMG MORI - Seiki Gildemeister Beteiligungen. Revenue increased in 2024 vs 2023.
Received revenues in Russia in 2021. Dometic has stopped all business activities in Russia and as a consequence SEK –22 m mainly related to write down of assets were recorded in the first quarter 2022.
Ramping down sales activity and focusing on liquidating working capital. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Received revenues in Russia in 2021-2024. Will gradually take necessary measures, such as seeking optimal procurement methods. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Continued doing business as usual. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Wind down business in Russia, taken steps so that RT content is not available via services provided by IBM Cloud. The Russian "daughter" of IBM - LLC "IBM Vostochnaya Evropa/Asia" - completed its commercial activities at the end of 2022. This is stated in the company's message.
Iveco to leave Russia, to transfer stake in truck JV to local partner. Revenue increased in 2024 vs 2023 by more than +100%.
Paused business with Russia & Belarus and discontinue marketing. Fully stopped business in Russia. The Federal Service for Intellectual Property of the Russian Federation (Rospatent) has registered the trademark of the Jagermeister liqueur manufacturer.
Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -20%. 25.09.2025: Elena Vadimovna Van Dijk is no longer the organization's general director. Anna Aleksandrovna Balashova has become the liquidator of YURALINK GENIUS LLC.
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.