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 company has not made any statements about leaving Russia as of yet and continues to earn money in the aggressor country.
Damen halts delivery of newbuilds to Russia. The Netherlands’ largest shipbuilder is suing the Dutch government for losses inflicted on its business by sanctions against Russia, a rare instance of a European company taking its grievances to court over the corporate fallout from the invasion of Ukraine. “Before the sanctions, Damen had signed contracts with Russian ship buyers, and after the invasion of Ukraine the Dutch government decided that such contracts may not be honored by the Dutch business community.” Through intermediaries in Turkey and Hong Kong, Russia reportedly bypassed the sanctions to source parts for Damen’s crab-fishing vessels. Import data suggests that at least some of these components originated from Damen or were sourced through its supply chain. The Dutch Attorney General's Office will prosecute the Dutch shipbuilding company Damen Shipyards, among the charges is violation of sanctions against Russia. Revenue increased in 2024 vs 2023 by more than +100%.
The company has not issued any statements about halting sales or the closure of its business in Russia, and continues to earn money on the blood of the Ukrainian people.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue increased in 2024 vs 2023 by more than +50%.
There is no statement on the company's website about the termination of cooperation with the Russian Federation. On the company's website there is information about the representative office in Russia.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
They provide agricultural machinery to RF and has a turnover of a good 15-20 Million € per year. Their branch company is still operating there.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
Ceased all imports and exports within Russia and have suspended any new investments in the country. Revenue increased in 2024 vs 2023 by more than +30%.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
The Slovak company Kinex Bearings A.S. exported over $1.1 million worth of ball and roller bearings in 2024 to its Russian subsidiary, Kinex Rus LLC, facilitated by Turkish intermediaries.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in Russia and continues to sponsor the war in Ukraine.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
The US introduced export restrictions against the company.
Customs documents show AMG purchased about $600,000 worth of Tsugami equipment from an official Japanese supplier in 2021. The purchase then increased after the incursion to $50 million in 2023, with the entire increase coming from two shadowy middlemen. Amegino's first provider is a UAE-based provider under US sanctions whose website is initially hosted on servers in Russia. Its owner is Andriy Mironov, according to the corporate intelligence company Diligencia; There are no other details about Mironov's past. The second company is ELE Technology, which fraudulently presents itself as a "division of Gray Machinery Company", a distributor of machine tools in the USA.
Assystem is acting as a technical advisor to the consortium led by Rosatom in the project to build the first nuclear power plant in Kazakhstan. They developed the methodology for evaluating candidates, conducted technical expertise, quality control, integration of engineering solutions and project management support during the selection process. In addition, Assystem has signed a memorandum with Samruk-Kazyna, the sovereign wealth fund of Kazakhstan, to provide consulting and training to local specialists in preparation for the construction of the nuclear power plant in cooperation with Rosatom.
Received revenues in Russia in 2021, there is no any official announcement
Aggregates from German manufacturing companies Hermle, Stadler Keppler, Deckel, and DMG Mori are being sent to Russia through Turkey.
After the start of Russia’s full-scale invasion, the Czech company PBS Velka Bites made 65 deliveries totaling $14 million to Deep Engineering, according to Export Genius’ data on Indian imports. Most of these deliveries were spare parts for Mi-series helicopters. Data on Indian exports by Export Genius indicates that, from 2022 to 2023, Deep Engineering supplied Russia with $151,000 worth of spare parts, $32,000 of which were for Safirs.
Customs documents show AMG purchased about $600,000 worth of Tsugami equipment from an official Japanese supplier in 2021. The purchase then increased after the incursion to $50 million in 2023, with the entire increase coming from two shadowy middlemen. Amegino's first provider is a UAE-based provider under US sanctions whose website is initially hosted on servers in Russia. Its owner is Andriy Mironov, according to the corporate intelligence company Diligencia; There are no other details about Mironov's past. The second company is ELE Technology, which fraudulently presents itself as a "division of Gray Machinery Company", a distributor of machine tools in the USA.
Ice-class tankers transporting Russian liquefied natural gas from the Yamal LNG plant continue to be serviced in European ports. A ban on working with them would greatly complicate the logistics of transporting LNG from the Arctic, but for now the EU is only increasing its purchases. Technical maintenance of 14 out of 15 specialized Arc7 tankers delivering LNG from Yamal to Europe was carried out by two shipyards – Damen in Brest, France, and Fayard A/S in Denmark.
Forward Technical Trade SL, a Barcelona-based sole proprietorship managed by David Candela Sauri, was involved in the supply of a used Austrian radial forging machine (manufactured in 1983 by GFM) to Russia. The equipment, worth around $1.3 million and weighing 110 tons, is now used at the Izhevsk-based AZK Group for artillery barrel production. The delivery was routed through a Hong Kong intermediary, Scorpion’s Holding Group Limited, and cleared customs in Nizhny Novgorod. The Austrian manufacturer GFM denied any direct business with Forward Technical Trade or Scorpion’s Holding, suggesting the equipment was resold as second-hand machinery without their consent.
The company did not make statements regarding cooperation with Russia. The company website has a representative office in Russia (http://galika.ru). The former machine tool dealer Galika AG from Volketswil ZH supplied machine tools to the Russian arms industry. The Federal Prosecutor's Office is now ordering the Russian-born export manager of Galika AG, who is authorized to sign, to pay a fine.
The USA has imposed sanctions on three companies based in China, as reported by the US Department of Defense. One of these companies, General Technology Limited, was involved in the supply of soldering materials used to connect components in rocket engines for ballistic missiles and in the production of combustion chambers.The companies were involved in activities or agreements that significantly contributed to the proliferation of weapons of mass destruction or the means of their delivery, including missiles capable of delivering such weapons.
GREEN ENERGY SOLUTIONS PROJECT MANAGEMENT SERVICES SOLE PROPRIETORSHIP LLC (GREEN ENERGY SOLUTIONS) is a newly established engineering company based in Abu Dhabi, United Arab Emirates. GREEN ENERGY SOLUTIONS provides engineering services and technology, which were previously provided by European service companies, to Russia’s Arctic LNG 2 project.
Analysis by the Financial Times has established that Heller Tools, a Dinklage-based group founded in the 19th century, sold a total of $1.2mn of drills and other tools to companies linked to the so-called Serniya smuggling operation. Heller's Nürtingen-based vehicles were found on video footage of several Russian companies that also work for the Russian military, including Parsek and Kamaz. Both companies are involved in Russian military production. When asked, the Heller company replied that it complies with all sanctions regulations and could not explain how the machines were supplied to Russia last year.
Aggregates from German manufacturing companies Hermle, Stadler Keppler, Deckel, and DMG Mori are being sent to Russia through Turkey.
Products are transported to Russia from the Czech Republic by the company Inter Style Plus, which operates as an official representative of leading global manufacturers of machinery and components.
KLC group SIA, registered in Jurmala and founded by Latvian Roberts Kalve, exported Western-made industrial automation worth $1.3 million to Russia in 2024, despite EU sanctions. As The Insider found out, the equipment, including components from Siemens, Schneider Electric, Rockwell Automation, Intel and others, was delivered to suppliers of enterprises that carried out Russian state defense orders.
Soon after the Russian invasion of Ukraine, the EU, the U.S., and Canada, among others, imposed sanctions against the Mi-8s producer, Kazan Helicopter Plant (KHP). As a result, PBS Velka Bites stopped deliveries to Russia after 20 years of uninterrupted supplies. However, a Trap Aggressor investigation conducted exclusively for the Kyiv Independent revealed that Mi-8-specific power units made by PBS Velka Bites continue to reach Russia via intermediaries in Asia.
The German company Vansped Logistics (on behalf of Reißaus & Baumberg Maschinenbau GmbH) has already supplied Stan LLC with technical equipment for foundries after the start of Russia’s invasion of Ukraine. According to the ImportGenius database, deliveries were made in July 2022.
Renishaw cuts profit forecast amid Russia pull-out and China lockdowns. Since the beginning of the war, Renishaw has closed its business in Russia and Belarus, writing off assets by approximately 2.5 million euros and losing approximately 1% of revenue (the company's revenue for 2022 is about 800 million euros). The company said in the report that it "attempts to monitor any efforts to source products through alternative means." But customs data show that this is not going well: in 2023, approximately 3.5 million euros worth of Renishaw equipment was imported into Russia (360 million rubles to be precise). And the minimum software required for the operation of the equipment is freely available.
The Dalkos website states that the company supplies equipment from various companies, including Schaublin, DMG MORI and Kovosvit MAS.
Simplex Castings and ADJ Engineering have been selected by I.P Bardin TsNIIchermet (Russia) as partners for their designed metallurgical equipment for Indian and Russian steel plants.
Among the Czech manufacturers whose products were delivered to Russia three companies — Šmeral Brno, Varnsdorf, and TAJMAC-ZPS — account for the majority of exports, totaling around $8 million.
Aggregates from German manufacturing companies Hermle, Stadler Keppler, Deckel, and DMG Mori are being sent to Russia through Turkey.
The company has not made any statements about stopping sales and closing its business in russia and continues to sponsor the war in Ukraine.
TOS Varnsdorf exports to Russia by countries of origin. Last direct shipments in October of 2022, but indirect shipments (including at least one full CNC machine) continue after that. No statement from the company. Among the Czech manufacturers whose products were delivered to Russia three companies — Šmeral Brno, Varnsdorf, and TAJMAC-ZPS — account for the majority of exports, totaling around $8 million.
Japanese precision machinery from Tsugami is imported into Russia through China. Japanese authorities have investigated the supply of high-precision equipment to the Russian defense industry and have identified large-scale violations of sanctions. This was announced by the presidential commissioner for sanctions policy Vladislav Vlasyuk. According to Vlasyuk, the Japanese Ministry of Economy and Industry (METI) has confirmed the disappearance of more than 300 Tsugami machines after they were sold to seven Chinese companies. Some of them - about 30 machines - have already been found in Russia. Japan has ordered Tsugami to terminate contracts with intermediaries. The company will stop supporting machines that have already been sold in Russia, and will also stop cooperating with other suspicious Chinese partners.
Company played an important role (as well as Knauf) in the reconstruction of destroyed and occupied Mariupol. Investigators found concrete blocks wrapped in green film with the inscription WKB Systems GmbH on them at numerous construction sites. The company, among other things, equips plants for concrete block production. The company's main shareholder is Russian oligarch Viktor Budarin, who used his German company as a supplier to the construction industry in Russia. He is not subject to any sanctions. Customs data reviewed by journalists revealed that WKB Systems had supplied complete plants for aerated concrete block factories for several years to one of Budarin's Russian companies – apparently, the same company whose products Russia is using in Mariupol.
Reduced production. Revenue decreased in 2024 vs 2023 by more than -20%.
Suspend unspecified new business in Russia for time being. Revenue decreased in 2024 vs 2023 by more than -20%.