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
Exit CompletedContinue operations in Russia
Still operating in Russia with increasing sales and profit volumes in 2022 vs 2021.
Received revenues in Russia in 2021-2022, there is no any official announcement. The American manufacturer and seller of clothes Guess bought 30% from the local partner Vyacheslav Shikulov, received the permission of the US Ministry of Finance for the early execution of the put option from 2015. The deal could be related to the seller's concerns regarding the continuation of Guess' work in Russia. Increased sales and profit volumes in 2022 vs 2021.
Ongoing operations.
Received revenues in Russia in 2021, there is no any official announcement
Still selling to 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
Promised to suspend investments but still operating in Russia.
No official statement; online sales suspended but advertising continues
Remain present in Russia market, exporting production but reduced volumes in 2022 vs 2021.
Lancome, Yves Saint Laurent, Armani and other brand of Kering are returning to Russia: when cosmetics will appear in stores.
Lancome, Yves Saint Laurent, Armani and other brand of Kering are returning to Russia: when cosmetics will appear in stores.