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
Iranian manufacturers of household appliances intend to localize production in the Russian Federation. In particular, we are talking about Datees and Emersun, which can buy or rent, for example, stopped capacities of Samsung and LG.
Iranian manufacturers of household appliances intend to localize production in the Russian Federation. In particular, we are talking about Datees and Emersun, which can buy or rent, for example, stopped capacities of Samsung and LG.
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. The largest Iranian manufacturer of household appliances, Entekhab Group, has switched to another enterprise after unsuccessful negotiations on the purchase of the Vestel plant in the Vladimir region. The Iranian side is negotiating the purchase of a refrigerator plant of the large Chinese brand Midea in Tatarstan. Entekhab Group's entry into the Russian market is one of the few opportunities for the company to expand production, experts say.
The U.S. Treasury Department's Office of Foreign Assets Control has imposed sanctions on five entities and two entities based in Iran, China, Hong Kong, Turkey, and the United Arab Emirates. irats that are accountable to the transnational measure of drone proliferation in Iran.