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 CompletedIn the summer of 2022, Rossiya Airlines entered into an agreement with Aquila Technics for the supply of spare parts for aircraft. In October of the same year, the air carrier ordered Bridgestone tires for 15.5 million rubles, and 10 days later transferred the money to the account of the Armenian company. As a result, Aquila Technics did not fulfill its part of the deal, the tires were not delivered, and the money was not returned. The air carrier appealed to the Arbitration Court and won the claim, obliging the Armenian company to pay Russia the entire amount of the order, as well as 100 thousand rubles in state duty.