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 CompletedBasilevs Lojistik Medikal Tarim Ticaret Ve Sanayi Sti (Basilevs Lojistik) has sent high-priority goods to Russia. Basilevs Lojistik has also sent lithium-ion batteries, electrical batteries, and instruments for metal processing to Russia.
Bosphorus Gate Dis Ticaret Limited Sirketi (Bosphorus Gate) has made shipments of high-priority goods to Russia, including electronic integrated circuits and machines for the transmission and regeneration of data. U.S.-designated Russian military-industrial complex firm Limited Liability Company AK Microtech sought to procure microelectronics production equipment through Bosphorus Gate.
One of the newly sanctioned Turkish companies, Kartal Exim, describes itself as a “multifunctional supplier of technological equipment”. Russian records suggest it has shipped about $2.1mn of goods to Orlan LLC — a St Petersburg company that is a self-described fishing equipment supplier. By far the largest category of goods shipped from Kartal Exim to Orlan, worth $1.1mn, was listed as “data transmission” equipment, a category on the high priority goods list. The items, shipped from Istanbul, were made by western suppliers including Hewlett Packard Enterprise, Fujitsu, Dell and Samsung.
The list of new sanctions by the US Treasury Department, published on October 30, included seven companies. Spare parts for Gulfstreams are also imported to Russia by FastAir International LLC. A pneumatic starter for an engine worth $486,000, made in the US, was imported through Oman with the help of the Turkish company Khius Uluslararasi Ticaret Ve Lojistik Anonim Sirk. And Moscow-based Eyelkey LLC imported an ignition unit for a Gulfstream from Air Group Aviation (UK) through the mediation of the Turkish company Sup Havacilik Reklam Organizasyon Ticaret Limited.
Kuzey Logistics Tasimacilik Ithalat Ihracat Ve Dis Ticaret Limited Sirketi (Kuzey Logistics) is a logistics company, with certificates of operation in Russia and Türkiye, which provides Russian customs clearance and truck transportation services in Russia.
Smart Techno Group Dis Ticaret Ve Lojistik Limited Sirketi (Smart Techno Group) has sent high-priority goods to Russia, including electronic integrated circuits, machines for reception, conversion and transmission of data, and tantalum capacitors.