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
Suspending all consulting services business, will not seek new business for these services, and will halt all investments in Russia. The company will continue to provide its core retail measurement service and honor related legal commitments.
Call centre group Teleperformance says it has 'curtailed' Russian operations. But Russian website is operational as of Feb 23, 2023 with a slogan "Welcome to Russia". Not clear what "curtailing" operations means, other than complying with sanctions. Revenue decreased in 2024 vs 2023 by more than -10%.
Received revenues in Russia in 2021-2024. Due to the ongoing war, Syneos Health continues to have patient recruitment on hold, and have stopped initiating new clinical trial activities in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Dentons remain on the Russian market (still working with seperate entity) - they keep their staff, employees, but change their name to Nextons, and promise to do all business in the Russian Federation through this preferred partner. This is the exact opposite of exiting the market. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -20%.
Stopped all Russia-related work. It is one of the first law firms to publicly condemn the Russian invasion. Morgan Stanley and Allen & Overy helping oligarch’s efforts to seize Russian oil firm.
The company had full-time employees in russia with different roles from engineering to HR. Moreover the company still offers its platform for contractors in russia. When contractor is hired in russia via Deel platform the client pays Deel 35 USD per active contract. They pay even more if they use Deel Shield and Premium contracts. Deel ceased accepting new customers in Russia when the war broke out.
Comment on how HR can better assist employees during times of major crisis
Statement condemning Russian invasion of Ukraine. Closing office in Russia. Suspending work with Russian state. Pledged support for Médecins sans Frontières. UK financial authorities have ordered law firm HSF to pay £465,000 for transfers of £3.9m to sanctioned Russian banks and their subsidiaries. HSF has admitted guilt, citing human error.
Not accepting new Russian clients & started process of exiting all Russian business.
