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
Turkiye-based companies providing material support and supporting russian sanctions evasion: DENKAR SHIP CONSTRUCTION INCORPORATED COMPANY is a Turkiye-based ship repair company that has materially assisted JSC NORTHERN SHIPPING COMPANY by providing ship repair services to three of its blocked vessels: INZHENER TRUBIN, INZHENER VESHNYAKOV, and KAPTAN KOKOVIN.
Treasury Sanctions Entities for Transporting Oil Sold Above the Coalition Price Cap to Restrict Russia’s War Machine. The YasaGolden Bosphorus carried ESPO crude oil priced above $80 per barrel after the crude oil price cap took effect. Turkiye-based Ice Pearl Navigation Corp is the registered owner of the Yasa Golden Bosphorus. The US lifted sanctions against the Turkish company Ice Pearl Navigation and its oil tanker for violating the oil price ceiling.
Turkiye-based companies providing material support and supporting russian sanctions evasion: ID SHIP AGENCY TRADE LIMITED COMPANY (ID SHIPPING) is a Turkiye-based shipyard agency that has materially assisted NORD PROJECT LLC TRANSPORT COMPANY by arranging ship repair services for one of its blocked vessels, ENISEY.