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
Received revenues in Russia in 2021-2023.
The company, whose ties to Russia had exacerbated its financial difficulties after the Kremlin’s invasion of Ukraine, is restructuring its debt for the second time in less than a year. Hilding Anders, which owns a 73% equity stake in Russian bed manufacturer Askona Group (through the Cypris-based company HAILCROFT LIMITED), hasn’t been receiving dividends from the unit as it was ring-fenced from the rest of the group amid sanctions-related red tape. Hilding Anders AB still has major Russian operations is a key supplier of beds for IKEA. "At that time, Hilding Anders also acquired a prestigious customer in the form of the current large network of IKEA stores. The two Swedish companies began a cooperation, which has lasted to this day." (https://www.curem.pl/en/o-curem). "The group includes major retailers such as Ikea, Otto and Amazon as significant customers." (https://www.prnewswire.co.uk/news-releases/hilding-anders-a-kkr-portfolio-company-appoints-jason-forbes-as-president-of-online-brands-and-global-chief-digital-officer-838142990.html).
Received revenues in Russia in 2021-2023.
No official statement
No official statement
Promised to suspend all further investments. Heidelberg Materials as a global company strongly condemns this war against the Ukrainian people. "We fully support all sanctions on Russia and immediately stopped all investments almost one year ago. We operate a pure local business in Russia, on a limited scale and only for local needs. We ensure that our reduced activities in Russia are fully compliant with international and other laws as well as with international human rights standards." Increased revenue in 2022 vs 2021. Heidelberg's website until summer 2023 contained information of their plants and terminals in Kaliningrad and Murmansk. Company produces concrete, which could be important for military industry as well.
Promised to suspend exports to Russia & halt investments but sales are ongoing at full range, official statement is misleading and total lie. Website https://www.karcher.ru/ru/ appears to be fully functional to buy Kärcher products in Russia.
Company was originally founded in St. Petersburg, over $60 milllion exports to Russia after February 24, 2022. In 2022 $28 million exports to Russia, or 28% of that year revenue. Increased revenue and profit in 2022 vs 2021.
The business of Reebok in the Russian Federation was transferred to the Turkish FLO Retailing. Significantly increased revenue (+568% in 2023 vs 2022) and staff in Russia (696 in 2023 vs 200 in 2022).
Received revenues in Russia in 2021, there is no any official announcement.
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.
Still operating in Russia.
No official statement
No official statement
No statement made regarding operations in Russia, Operates Stores in 25 Russia cities, including Moscow. In the 12 months to April 2024, LC Waikiki opened 28 stores. Currently, there are 37 points of sale of this chain in the Russian Federation, as indicated on its website. LC Waikiki opened on the site of the departed Swedish H&M in the Mega shopping centers in Ufa and Omsk.
Promised to suspend new investments/development but continued operations. Scandal as Yves Rocher accused of promoting ethnic superiority of russian women. Yves Rocher has been placed on the sponsors of war list by National Agency on Corruption Prevention (NACP).
Still operating in Russia with increasing sales and profit volumes in 2022 vs 2021.
Promised to suspend new investments but opened its 80th store in Russia in March 2022
Still operating in Russia.
Continue doing business as usual.
Received revenues in Russia in 2021, there is no any official announcement
Global textile service company called Elis, seems to be actively operating in the Russian market, but its information is missing from the website. As stated in their recent interim financial statement, Russia is one of their regions.
Still operating and actively hiring in Russia
Still selling online in Russia
Still selling products to Russia
Continuing business in Russia and exports. Customs data shows that the latest deliveries were in 2023.
Continue doing business as usual.
Russia is the second market in the world for the company (after German market) according official release of the company.
Still operating and actively hiring in Russia
Received revenues in Russia in 2021, there is no any official announcement
Continuing business in Russia and exports, increased revenue and profit 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
Still advertising and selling to Russia
Still operating in Russia & online sales running
The company continues to operate in Russia.
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
The company has a functioning LLC (Limited Liability Company) in Russia and has no plans to exit the market.
The Russian market has been replenished with new brands.
The company continues to operate in Russia.
The new aroma brand 27 87 Perfumes has appeared in Russian Rive Gauche stores. The brand was created in 2016 by Romy Kowalewski, a German living in Barcelona. The numbers in the name represent her date of birth and the philosophy of the company, whose fragrances are addressed to the generation to which Romy belongs.
Since 2023, the company has entered the Russian market.
Leroy Merlin will continue to work in the Russian Federation and is ready to expand supplies and range (112 stores in Russia). Leroy Merlin's parent company, Adeo, said it was "transferring control" of Leroy Merlin to local management in Russia, where it is among the biggest foreign employers. 12.2023: The entry about the founder of JSC "BRICOLAGE INVESTISSMAN FRANCE" was removed from the Unified State Register of Legal Entities. "LIMITED PARTNERSHIP SENARY HOLDING LP becomes the new founder of the organization | 19.12.2023: The status of a legal entity is changed to The legal entity is in the process of reorganization in the form of the merger of other legal entities. In the course of a detailed investigation, it turned out that the company signed a technical agreement on the alleged sale of the main business in Russia (SCENARI HOLDING LP from the UAE), as the CEO (Defassier Laurent, Louis, Claude) stayed the same since 2019, the company signs new contracts with the group and authorities of the Russian Federation (including the Ministry of Internal Affairs), trademarks are extended in Rospatent until 2031. In addition, as the L'Express investigation showed, SCENARI HOLDING LP has the same General Director as in Russia - Laurent Defassier, so the company used a tax optimization scheme, also called layering. Also, most of the imports in 2023 by Leroy Merlin Vostok in Russia was received from ADEO.
French designer, with products being sold in more than 15 locations throughout Russia.
Still operating and providing online sales to Russia
Russia managed to import almost 80 tons of body armor worth around $10 million in December last year, according to the customs data from ImportGenius. Those bulletproof vests were manufactured by Turkish company Ariteks and most were imported straight from Turkey, although some of the shipments arrived to Russia via the United Arab Emirates
The Latvian State Security Service has initiated an investigation into a Riga-based company suspected of supplying components for uniforms to the Russian army. This concerns the company Arta-F. Before the case was opened, Latvian television aired a segment about this company, citing an investigation by "Poligon Media," which claimed that Arta-F collaborates with the Russian Ministry of Defense and has supplied products to Russia worth at least $6 million during the one and a half years of the conflict in Ukraine.
The "luxury brand" AUREZZI, founded by Swedish rich kids in 2023, has business with Russia and their products are being sold on Russian websites.
Since 2023, the company has entered the Russian market.
The Turkish company FLO Retailing and the Lebanese Azadea Group are negotiating to acquire the business of the French chain Decathlon in Russia.
The Chinese brand of children's clothing and accessories Balabala plans to open 60 stores in Russia in the next three years, said Vyacheslav Shikulov, president and co-owner of the Chemodan, Boggi Milano and Balabala chains in Russia.
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 Belarusian-German company Belintertrans Germany Gmbh ($0.9 million).
Brands founded in the European Union also continue to enter the Russian market, but their pace is slower than that of Asian brands. In particular, we are talking about the Parpa and Rinascimento chains (Italy), Bimba y Lola (Spain).
The Russian market has been replenished with new brands.
The company still works in Russia and has stores that are allegedly closed due to sanctions, but in fact sell the manufacturer's new collections in Russia.
Eight retailers have already opened their stores in Russian shopping centers since the beginning of this year. Among them is the Turkish chain of home goods stores Chakra.
Since 2023, the company has entered the Russian market.
Still selling goods online. Also, in 2022, six new stores were opened in the Russian Federation, in 2023 - 15, and in 2024 - five more, increasing the total number of retail outlets to 193.
Since 2023, the company has entered the Russian market.
In summer 2022, the military footwear manufacturer received 1.3 tons of cattle hide leather from Conceria Cervinia, based in Verona. Only from the beginning of 2023, the Russian company "Faraday" bought leather and other goods from the Italian company Conceria Cervinia Spa for 1.7 million dollars, the German company Jakob Keck Chemie Gmbh for 300 thousand dollars and Salamander Sps Gmbh & Co.Kg for 80 thousands of dollars.
Cunial Components supplies russian armed forces with shoes insoles.
Inditex SA, which runs the Zara and Bershka clothing chains, obtained approval to sell its business in Russia to Daher Group of the United Arab Emirates.
Chinese clothing brand called "EBLAN" is about to open in Russia.
The company continues to work in Russia and is a distributor.
The Ellassay boutique in GUM opened on the site of a former Prada store. The area of the outlet is 490 sq. m, the store occupies two floors. In early February, a store of another women's clothing brand from the Ellassay Group portfolio, Laurel, opened in GUM.
Export-Import (Slovakia) supplies the RF armed forces with shoes parts.
Supplies the Russian armed forces with clothes parts. Faraday's soles also come from Italy, supplied by Suolificio Morrovallese. The company's plastic pads are Italian too, manufactured by Formificio Milanese Team.
Continuing operations in Russia. Diverting profits from Russian sales to support Ukrainian people. Donated 10,000 coats.
No public action found. (Third party sales in Russia.)
Gillette has not cut ties with Russia (does not look like P & G reducion of production will impact Gillette)
The Russian market has been replenished with new brands.
Promised to suspend new investments and "sharply" reduce activities in Russia. But the company still hasn't left the market and did not reduced its activities. Actively hires employees for positions, including head office. It promises a business trip to Europe, the possibility of relocation in the future.
A Wagner-connected, Russia-based company called Broker Expert bought 20,000 polymer-based helmets from a small Chinese company called Hangzhou Shinerain Import And Export Co in November and December last year.
Hawai Italia supplies the russian armed forces with clothes rivets.
In July 2024, the first Chinese brand store in Russia opened in Perm. In 2024, it is also planned to open a store of the HEA brand in another shopping center managed by Malltech - in the "Planeta" shopping center in Ufa.
Still operating and advertising in Russia
Since 2023, the company has entered the Russian market.
Spanish JOMA, a manufacturer of uniforms for football teams, continued to work in Russia. Independent corporate management consultant Oleksandr Lysenko drew attention to the fact that football clubs CSKA (owned by the Russian state Vnesheconombank) and Akhmat, which Kadyrov takes care of, perform in the JOMA form. On the international website of JOMA, there is no mention of work in the Russian Federation, but all information about the brand in Russia is available on the Russian version of the portal. Joma not only continued its work in Russia, but also actively expanded. In the summer of 2023, in addition to CSKA (the owner is the sub-sanctioned Vnesheconombank), FC Akhmat, which Kadyrov takes care of, was added to its clients.
Eight retailers have already opened their stores in Russia since the beginning of this year. Among them are the Turkish chain of household goods stores Chakra, the Chinese electronics retailer Tecno, the Armenian perfume chain “22 | 11 Cosmetics”, as well as clothing brands Josiny from South Korea, Ellsay and Baasploa from China, Laurel from Germany and Rinascimento from Italy.
No public action found. (E-commerce and third party sales in Russia.)
A Chinese brand that is present in Russia and is actively expanding in Ukraine.
Since 2023, the company has entered the Russian market.
Since 2023, the company has entered the Russian market.
Still advertising and selling to Russia. Koton took the place of the British Marks & Spencer in the St. Petersburg shopping center "Leto". In May 2023, Koton's business development director Almaz Shireev reported at the Mallpic exhibition that the brand plans to open more than 100 stores in Russia by 2027.
Continue operations with Russia.
In the second quarter, the first Chinese sportswear and footwear store of the Li-Ning brand was opened in RF
Since 2023, the company has entered the Russian market.
Since 2023, the company has entered the Russian market.
The company opened its store in Russia.
The Italian luxury brand Trussardi, which produces clothing, accessories and perfumes, wanted to return to Russia. The end of cooperation with the Russian market resulted in multimillion-dollar debts for the fashion house and the sale of the brand to the Miroglio Group. The new owners, wanting to improve the financial situation, decided to produce clothing from low-quality materials and sell it at lower prices. Attempts to make the foreign company better were unsuccessful. In this regard, the management of Trussardi decided to return the brand to Russia.
Since 2023, the company has entered the Russian market.
North Korean company Naegohyang has filed an application to register its trademark in Russia. The corresponding information has appeared in the Rospatent database.
Since 2023, the company has entered the Russian market.
While some western retailers left the Russian market due to the military conflict between the Russian Federation and Ukraine, the Italian clothing chain OVS, on the contrary, decided to return to the country. The brand opens its first stores in another period of turbulence in the ruble exchange rate, although it was for this reason that it left the Russian Federation nine years ago.
Since 2023, the company has entered the Russian market.
Brands founded in the European Union also continue to enter the Russian market, but their pace is slower than that of Asian brands. In particular, we are talking about the Parpa and Rinascimento chains (Italy), Bimba y Lola (Spain).
No public announcement regarding Russian operations. (Stores and e-commerce in Russia)
Since 2023, the company has entered the Russian market.
Affiliates still operating in Russia
Still advertising and selling to Russia via Telegram
While most of the company’s exports were sold to Russian importers, in 2022 Raw Materials Cellulose also made 14 direct shipments to Russia’s Tambov powder plant for almost half a million dollars, trade data shows.
Brands founded in the European Union also continue to enter the Russian market, but their pace is slower than that of Asian brands. In particular, we are talking about the Parpa and Rinascimento chains (Italy), Bimba y Lola (Spain).
Continue operations with Russia.
The Russian market has been replenished with new brands.