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
Chery is ready to organize the release of its cars in Russia. The Chinese car concern can start assembly at another Sollers plant or buy out the assembly facilities. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month. Significantly increased revenue in 2023 vs 2022 (more than 3x! times). The ex-Mercedes plant in Yesipovo near Moscow, which was transferred to Avtodom, will assemble premium cars from the Chery concern under a contract assembly agreement.
Haval Motor remained on the Russian market. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month. Significantly (more than 3x! times) increased revenue in 2023 vs 2022.
Geely initially has suspended shipments of cars to dealers in Russia. But later, the head of Chinese car conglomerate Geely has defended a decision by the Geely auto brand to increase car sales in Russia after global rivals pulled out of the market following Vladimir Putin’s invasion of Ukraine. The Chinese car manufacturer Geely was included in the list of international sponsors of the war by NACP. Significantly increased revenue in 2023 vs 2022 (more than 2.4x! times).
China's Great Wall Motor posts profit surge on Russia business. NACP included the Chinese car manufacturer Great Wall in the list of sponsors of the war. Significantly (2x! times) increased revenue in 2023 vs 2022.
Remains silent on whether they will continue operations. Revenue in Russia has grown. The Chinese manufacturer of limousines for Communist Party leaders Hongqi (pronounced “Huntsy” and translated as “red banner”), which supplies the most expensive cars to Russia (maximum price 19 million rubles), intends to increase sales from 3,300 cars in 2023 to 12,000 in 2024. Significantly increased revenue in 2023 vs 2022.
Changan remained on the Russian market. The Changan brand has reduced its model range presented in the Russian Federation from 17 to 14 cars. Crossovers CS35 Plus, CS55 and CS75 FL will cease to be sold in the country. The press service of the company explained that they will be replaced a little later by the next generations of updated cars. However, experts emphasize that the CS35 Plus crossover, which will no longer be sold in the country, was one of the most popular among Russians.
BelAZ-Holding includes eight enterprises, and its products are exported to 80+ countries around the world, including to Russia. Increased revenue in 2023 vs 2022.
Was identified by Forbes.ru in the rating of 50 largest foreign companies in Russia - 2024. Significantly (+97%) increased revenue in 2023 vs 2022.
JAC Motors remained on the Russian market. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month.
Business as usual
Continuing to operate majority owned Voltyre-Prom tire factory near Volgograd (factory makes agriculture and industrial tires). Quincy, Illinois-based Titan International, maker of tires for farm tractors, has kept its majority stake in its factory in the southwestern city of Volgograd.
In response to the Russian invasion of Ukraine, Bohnenkamp stopped all spending in Russia and Belarus which includes: the suspension of all marketing activities, stopping all projects to expand business activities, the suspension of all investments. Received revenues in Russia in 2021-2023.
Received revenues in Russia in 2021, there is no any official announcement.
Still cooperating with dealers in Russia; not disclosed publicly
No official statement
Received revenues in Russia in 2021-2022, there is no any official announcement. According to the publication, the Kazakh company BGM Production LLC imported at least 10 computerized Hyundai Wia metalworking centers from South Korea with a total value of over $5 million. The machines were delivered to Kazakhstan through a customs point on the border with China. Last year, the BGM Production company imported machines of the same brand and their components to Russia, declaring metalworking equipment for approximately $4 million. The buyer was the company Promraizer, whose revenue in 2023 amounted to over 650 million rubles.
Received revenues in Russia in 2021-2022, there is no any official announcement. Increased revenues in 2022 vs 2021.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
According to Spark-Interfax, as of March 2023, Hans Peter was the CEO of the automobile company Hit Motors Rus LLC, owned by the Kazakh HEAT Motors LLP. By decision of the Board of Directors of JSC MAZ Moskvich, Hans Peter Moser was appointed CEO of the company from June 29, 2023.
Received revenues in Russia in 2021, there is no any official announcement.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
No official statement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Rösler Oberflächentechnik GmbH has been active in the Russian and CIS markets for over 40 years, collaborating successfully with more than 100 customers across various industries. In 2009, the company established a dedicated branch in Moscow to enhance its service capabilities in the region. This facility offers comprehensive services, including consulting, sales, machine commissioning, maintenance, and support. Additionally, the Moscow location features a test center for developing customized processes and a warehouse stocked with spare parts and consumables to ensure prompt delivery to clients. Given this long-standing presence and dedicated infrastructure, the Russian market holds significant importance for Rösler Oberflächentechnik GmbH's business operations.
The US imposed sanctions for aiding the Russian military-industrial complex and circumventing export controls. The Ministry of Finance also sanctioned UAE-based Albait Al Khaleeje General Trading LLC for acting as a conduit for the shipment of sanctioned goods to Russia. According to the information, the company, which advertises itself as an exporter of auto parts, participated in more than 6,800 deliveries to Russian customers.
Partner company still operates in Russia, new videos posted on their YouTube on regular basis.
The Belarusian automobile brand Belgee announced its official entry into the Russian market. As the company's press service reported, the dealer network of the Belarusian brand will be launched on July 1 of 2024.
Dongfeng remained on the Russian market. At the end of 2023, the manufacturer of hybrids and electric vehicles Voyah, with an average price of 8 million rubles, became the leader in the premium segment, having sold about 4,000 crossovers and luxury minivans in Russia. The owner of Voyah, one of the oldest and largest automakers in China, Dongfeng, decided to rely on expensive cars in the Russian market.
Exeed remained on the Russian market. Exeed Exlantix ET was introduced in Russia on September 24 and will officially go on sale in the first quarter of 2025.
The tire plant in Ulyanovsk, a former Bridgestone asset in the Russian Federation, will resume operations in November under the Gislaved brand.
The company continues to operate in Russia and has a link to a distributor in Russia on its website.
The Finnish company HD-Parts from Vantaa successfully exports trucks and spare parts to Russia worth millions of euros. This information was revealed by the Yle MOT investigation.
China's Heilongjiang Dragon-Link International Logistics Co. will deliver 1,000 used cars to Russia by the end of the year, Deputy General Manager Ge Xin said on the sidelines of the 9th Suifenhe International Cross-Border Trade Fair.
The former Mercedes-Benz plant in the Moscow region will start producing cars of the Chinese luxury brand Hongqi ("Hongqi"), which originally produced cars for the political elite of China. The Chinese manufacturer of limousines for Communist Party leaders Hongqi (pronounced “Huntsy” and translated as “red banner”), which supplies the most expensive cars to Russia (maximum price 19 million rubles), intends to increase sales from 3,300 cars in 2023 to 12,000 in 2024. A project to produce Aurus cars for Vladimir Putin and the country's top leadership at a former Toyota plant near St. Petersburg has been postponed indefinitely due to the breakdown of negotiations with Chinese partners.
The Russian taxi order aggregator "Yandex.Taksy" took a small batch of 12 Iranian sedans Iran Khodro Tara into trial operation.
Exports goods to Russia that could also be used for military purposes, which is a violation of European Union sanctions.
Still operating in Russia, providing online sales, and cooperating with dealers
Kominvex shipments of dual-use goods began the month after Russia's February 2022 invasion and continued at least until August 2023, the customs records show. The exported goods included microchips, processors, disk-storage devices, and digital cable communication systems.
Russian carmaker GAZ Group agreed to buy British vanmaker LDV and said it planned to expand production at the firm's plant in central England.
Chinese electric vehicle maker Li Auto has begun selling its L7 plug-in hybrid vehicles in Russia with a starting price of 5.2 million Russian rubles ($66,116).
Meilin Auto unveils plans to begin sales to Russia, registered legal entities in Russia.
Exports goods to Russia that could also be used for military purposes, which is a violation of European Union sanctions.
In 2023, the Russian manufacturers of footwear for the power structures "Donobuv", "Faraday", "Iskozh" and "Unichel" directly imported products from European companies worth 4.1 million dollars. Among the largest European suppliers: the German company Neuhaus Gmbh ($0.7 million).
Produces parts for heavy trailer manufacturers, continued sales and export to Russia in 2023.
JSC Kolomensky Zavod supplies the Ministry of Defense with diesel engines for warships. The enterprise produces engines for the Russian Navy based on the D500. Kolomensky Zavod orders screw springs from Heinrich Eibach GmbH in Germany, safety valves are supplied by HOERBIGER Wien GmbH from Austria, and D49-type engines from Poland’s Piston Ring Manufacturer Prima.
According to trade databases, the Austrian PowerLine Automotive GmbH supplies spare parts and raw materials of European production to the Russian LLC "Turbo King" and LLC "NPO "Rostar" (under sanctions of Ukraine). In 2023 alone, the Austrians supplied products worth more than 2.5 million dollars for "Turbo King" and another almost 250 thousand dollars for "NPO "Rostar".
Russian AvtoVAZ will transfer the production of new cars to Uzbekistan.
SAIPA, the second-largest carmaker in Iran after Iran Khodro, said it will send 45,000 vehicles to Russia and Belarus within three years. The contract is worth 450 million euros ($497 million). SAIPA Automotive Group inked a contract in 2022 with Russia’s Best Motors Company and Lucky Currency Company of Belarus for exporting its products. Currently, the process of receiving the necessary export license is in the final stages. As soon as the relevant documents are received, SAIPA Company will embark on exporting its products to the target markets in Russia and Belarus.
Chinese truck brands occupied more than half (52%) of the Russian market in January 2023 against the background of the departure of European manufacturers and squeezed KamAZ. The top 3 is closed by the Chinese Shacman (Shaanxi) SX3258 (151 cars sold). The Russian invading army has used Chinese ZFB-05 armored vehicles in Ukraine for the first time. China denies supplying the vehicle. However, there are many African proxies that Russia could have used.
The head of Chechnya, Ramzan Kadyrov, demonstrated Chinese armored vehicles from Shaanxi Baoji Special Vehicles Manufacturing. According to Kadyrov, the "Akhmat" battalion, which is fighting in Ukraine, will be equipped with this equipment. The Russian invading army has used Chinese ZFB-05 armored vehicles in Ukraine for the first time. China denies supplying the vehicle. However, there are many African proxies that Russia could have used.
China's Shandong Odes Industry Co., Ltd, (Aodes), a leading manufacturer of all-terrain vehicles, has been listed as international war sponsors by the National Anti-Corruption Agency.
Among the models on the Russian market, the Chinese Sitrak C7H (a family of both tractors and dump trucks) is the leader, which was not presented in Russia last year, but in January 2023 already occupied 15% of the market.
Company operates in Russia. In the TOP4 ranking of the most popular KamAZ trucks, there are three “Chinese” companies: Sitrak, Shacman and FAW. The most popular Chinese truck is the Sitrak C7H truck tractor with a 4x2 wheel arrangement. Russian truck manufacturer KAMAZ has lost its leadership in the domestic market for the first time. In 2024, Chinese Sitrak took first place in terms of the total number of vehicles sold in Russia. In total, 102 thousand new heavy-duty trucks (HCV) were sold on the Russian market during the year, which is 18.8% less than a year earlier. Almost a fifth (19%) of the market was accounted for by Sitrak (19.4 thousand units), followed by KAMAZ (17.3 thousand, market share 16.91%) and three Chinese brands - Shacman (15.7 thousand), FAW (11.6 thousand) and Dongfeng (8.3 thousand).
Received revenues in Russia in 2021, there is no any official announcement
Aluminum exports to Russia have doubled in a year – the Turku pin is behind it. Turvanasta is a family business from Turku, co-owned by the wife of the leader of the Finnish People's Party (RKP), Minister of Education Anders Adlerkreutz. A year ago, Turvanasta CEO Mikko Salakari acknowledged Russian exports in a press release, but appealed to subcontracting contracts that bind the company. According to Turvanasta CEO Mikko Salakari, the company does not know for which country the customer wants to receive pins when preparing an order. Salakari does not see a moral problem for the company that the products end up in Russia, since they cannot influence this. According to him, stopping the business would be more morally questionable due to the reduction in tax and export revenues and job losses.
UzAuto Trailer, a semi-trailer manufacturer from Uzbekistan and controlled by the government of Tatarstan, may organize production in the Russian Federation. The foreign company already has a corresponding structure.
At the end of 2023, the manufacturer of hybrids and electric vehicles Voyah, with an average price of 8 million rubles, became the leader in the premium segment, having sold about 4,000 crossovers and luxury minivans in Russia. The owner of Voyah, one of the oldest and largest automakers in China, Dongfeng, decided to rely on expensive cars in the Russian market.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
