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
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is STMicroelectronics). According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA). The Shahed-238 inertial navigation unit is also built on Western electronics using STM32F405 microcontroller chips manufactured by STMicroelectronics (Switzerland) and the iSensor ADIS16480 inertial measurement module from Analog Devices (USA).
The company is registered in Switzerland and has a local company in Russia. The company develops NFC cards based on chips from Samsung and these chips/microcontrollers in the product are imported to the Russian Federation. Revenue decreased in 2024 vs 2023 by more than -20%.