Schindler Group officially announced its exit from the Russian market in 2022. The company sold its operations in Russia to local senior management, after which the business began operating under the name TRP Group. In Schindler’s 2022 financial statements, the group’s share in ZAO Schindler, Moscow, decreased from 100% in 2021 to 0% in 2022. Russia is also not listed among Schindler’s current offices/distributors on the company’s official website.