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
Haier itself has no plans to leave the Russian market. In the summer of 2022, Haier announced plans to expand the production of household appliances in Naberezhnye Chelny. The brand's fourth factory will be built here. The Chinese manufacturer of household appliances Haier intends to liquidate the factory of Candy household appliances in Kirov. Significantly increased revenue in 2023 vs 2022 (more than 1.5x! times).
According to Russian press, Huawei has stopped taking on new contracts to supply network equipment to Russian operators. Suspend new orders and furlough some staff; 1/07/2022: activated hiring 19/08/2022: Huawei stores in Russia stop selling products to visitors (lack of official supply); 6/09/2022: relocated Chinese and Russian managers and heads of divisions to Kazakhstan and Uzbekistan. Russia and China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group, and Red Soft has a joint project with Huawei. Taiwanese MSI became the leader in laptop sales in Russia, overtaking Asus and Huawei.
Chinese investors, including Midea and Hisense, are interested in the acquisition of Russian Bosch plants. The largest Iranian manufacturer of household appliances, Entekhab Group, is negotiating the purchase of a refrigerator plant of the major Chinese brand Midea in Tatarstan.
The revenue of Hikvision, the Russian office of the world's largest Chinese manufacturer of video surveillance solutions, grew by 42% in 2022 to 10.9 billion rubles. Included in the list of international war sponsors by NACP. The company received almost $150 million of revenue in 2023 and has not gone anywhere, its support service in Russia works normally at the number +7(800)500-00-88 or via Support.ru@hikvision.com
The company operates in Russia and gained profits 5 years after the start of work. It was able to earn billions rubles and opened a development center.
The Chinese electronics manufacturer Honor promised to suspend the official supply of devices to the Russian Federation. But later new Honor smartphones went on sale in Russia. Significantly reduced revenue in 2023 vs 2022. Revenue increased in 2024 vs 2023 by more than +30%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Significantly reduced revenue in 2023 vs 2022. Revenue increased in 2024 vs 2023 by more than +100%.
Brussels plans sanctions on Chinese companies aiding Russia’s war machine. 3HC, which makes computer chips, is “attempting to evade export controls and acquiring or attempting to acquire US-origin items in support of Russia’s military and/or defence industrial base”.
Small Chinese drone manufacturers are interested in localizing assembly in the Russian Federation and are negotiating the organization of joint ventures with local developers. Among potential investors, they name Fimi, AEE and ZeroZero.
The US introduced export restrictions against the company. Japan has imposed trade restrictions against Chinese companies as part of a new round of sanctions against individuals and groups that support Russia's war against Ukraine. The Hong Kong company Asia Pacific Links, which supplied microchips for Russian drones, and the Chinese Yilufa Electronics Limited were sanctioned.
Have a lot of Russia customers, can help Russia companies in IC, electronic components.
The company did not make any statements regarding the withdrawal from the Russian market. The website of the official dealer in Russia is working. There is only a statement from February 25 that the company's drones are used only for peaceful purposes in Ukraine and do not harm people.
Chinese companies are transferring technology to equip the Russian army, Importgenius trade data shows.
No public action found. (SKIL is sold in Russia. Lowe's 2021 vendor partner of the year.)
The National Agency for the Prevention of Corruption (NACP) listed the Chinese company ComNav Technology on the list of international sponsors of the war: ComNav manufactures and still supplies Russia with navigation and radar equipment.
The US State Department sanctioned DeepCool for the alleged sale of $1 million worth of products to two Russian companies.
Announced that stopped selling drones in Russia but Russia still uses DJI complexes to detect drones of the Armed Forces of Ukraine.
Aiding Russia’s war machine. The Moscow-based LLC "ETC Electronics," established in 2021, imports microchips from Texas Instruments, Analog Devices, and Altera, which are used in the "Kinzhals," through the Chinese company ETC Electronics Limited.
Small Chinese drone manufacturers are interested in localizing assembly in the Russian Federation and are negotiating the organization of joint ventures with local developers. Among potential investors, they name Fimi, AEE and ZeroZero.
Germany's WWSemicon GmbH and Hong Kong's Finder Technology continued supplies to Russia's Compel in 2023 and appear to be the company's largest suppliers, accounting for at least 65% of Compel's imports from 2022. Overlooking the waterfront of a Hong Kong suburb, Finder Technology has shipped millions of dollars’ worth of components to Compel, including various high-priority items for Russian weapons systems.
Chinese companies are transferring technology to equip the Russian army, Importgenius trade data shows
Chinese companies are transferring technology to equip the Russian army, trade data (Importgenius) shows
Fortis distributor also offers its clients Chinese server and telecommunication equipment from Gooxi company. This is an Asian manufacturer of server equipment, which has its own factory, research and development center in mainland China, but also plans to localize production facilities in other countries.
Chinese investors, including Midea and Hisense, are interested in the acquisition of Russian Bosch plants. The Russian division of Bosch has fired the remaining sales managers for household appliances and is negotiating the sale of the business to the Turkish investment fund Can Holding. Chinese Hisense pulled out of negotiations as Turkish company offered more money.
IMAXChip Technology was sanctioned in December 2023 for making "multiple shipments of advanced electronics to Russia," a Treasury notice said, including to the sanctioned Akrol firm. IMAXChip has become one of Russia's top five sources of foreign microelectrics.
The US has imposed export restrictions on 37 companies, nearly 30 of them Chinese, for activities that include aiding the Russian military and supporting China's PLA. The restrictions affected divisions of the Chinese genetics company BGI and the Chinese cloud computing company Inspur.
Izzition E-Technology was sanctioned the same month, for its use "by the Russian government to procure electronic components." The company deals in goods, including semiconductors, for which Russian arms are heavily dependent on imports.
Brussels plans sanctions on Chinese companies aiding Russia’s war machine. King-Pai provides microelectronics to Russia that “have defence applications that include cruise missile guidance systems”, the US Treasury has previously said.
China has banned the export of Loongson chips, which can be used in the military industry. But Russian "Norsy-Trans" will start production of data storage systems (SHD), servers and computers based on Chinese Loongson processors. China will not give Russia new Loongson 3A6000 processors, sent old Loongson 3A5000.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
Manufacturer and seller of routers and network equipment from China in the budget segment. They continue to operate and sell to the Russian market.
Aiding Russia’s war machine.
Chinese manufacturers of smartphones, tablets, laptops and other electronics Tecno and Realme plan to open brand stores in the Russian Federation in 2024.
The United States has imposed sanctions on three companies, including two Chinese ones, suspected of involvement in the development and production of the Russian drone. Redlepus Vector Industry Shenzhen Co Ltd (Redlepus), also operating in China, cooperates with the US-designated Russian defense company VSK Vector LLC and acts as an intermediary between IEMZ Kupol JSC and Chinese suppliers for the Russian Harpy project.
Dubious Chinese security company Reolink is trying to break into the Australian market, despite questions about selling their security cameras in Russia and hidden tracker codes found in their security software.
In 2024, Russia purchased over 3.3 million motors from the Chinese company Shenzhen Kiosk Electronic. Although the motors can be used in household appliances—washing machines, pumps, and electric scooters—their final recipient was Moscow-based Rustakt LLC.
MTS is testing five models of "MTS Center" smart speakers manufactured by the Chinese company Shenzhen Venz Technology Co., Ltd.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
Chinese companies are transferring technology to equip the Russian army, Importgenius trade data shows. The US imposed sanctions on three companies that figured in The Insider's investigations: a Chinese company that supplied Russia, after the start of a full-scale war, with AD7450BRZ microcircuits manufactured by Analog Devices. They are used in the Kinzhal missiles that Russia launches at Ukraine, as discussed in The Insider's investigation.
One of the largest Chinese manufacturers of household appliances, Skyworth, will officially enter the Russian market.
Aiding Russia’s war machine.
Chinese manufacturers of smartphones, tablets, laptops and other electronics Tecno and Realme plan to open brand stores in the Russian Federation in 2024.
Russian mobile and electronics retail chain M.Video-Eldorado has introduced smartphones Wiko (French brand of Chinese company Tinno Mobile) in the country
In 2023, LT Global Forwarding imported $5 million worth of cameras from the Chinese company Topotek. LT Global Forwarding is registered in Naberezhnye Chelny, Tatarstan, Russia. It is the largest Russian importer of cameras and modems, specializing in international transportation and has branches in China, Belarus, and Kazakhstan.
"Micron" not only disrupts deliveries, but also loses price competition. Chinese companies XH Smart Tech and Watchdata sell chips for 0.9 dollars (approximately 72 rubles) per piece, and micron chips cost 156 rubles. apiece.
The US imposed sanctions on three companies involved in The Insider's investigations: Win Key Limited is a Chinese company that supplied Russia with AD9218BSTZ-105 microcircuits manufactured by Analog Devices after the start of the full-scale war. They are used in Kalibr cruise missiles, which Russia also launches at Ukrainian territory.
"Micron" not only disrupts deliveries, but also loses price competition. Chinese companies XH Smart Tech and Watchdata sell chips for 0.9 dollars (approximately 72 rubles) per piece, and micron chips cost 156 rubles. apiece.
In 2023, LT Global Forwarding imported $1.9 million worth of data processing devices and antennas manufactured by the Chinese company Xingkaitech. These are likely XK-F358 network modules, which are also used in Gerbera drones. LT Global Forwarding is registered in Naberezhnye Chelny, Tatarstan, Russia. It is the largest Russian importer of cameras and modems, the company specializes in international transportation and has branches in China, Belarus and Kazakhstan.
Aiding Russia’s war machine.
The Biden administration plans to blacklist Chinese chip maker Yangtze Memory Technologies Corp (YMTC), which will bar US entities from doing business with the company.
Japan has imposed trade restrictions against Chinese companies as part of a new round of sanctions against individuals and groups that support Russia's war against Ukraine. The Hong Kong company Asia Pacific Links, which supplied microchips for Russian drones, and the Chinese Yilufa Electronics Limited were sanctioned.
Aiding Russia’s war machine.
Aiding Russia’s war machine.
Small Chinese drone manufacturers are interested in localizing assembly in the Russian Federation and are negotiating the organization of joint ventures with local developers. Among potential investors, they name Fimi, AEE and ZeroZero.
In November 2023, the so-called Prime Minister of the “DPR” Yevgeny Solntsev announced that the Karansky quarry had signed cooperation agreements with two Chinese companies. “Karansky quarry LLC has signed cooperation agreements with two Chinese enterprises – the factory for the production of rock crushing equipment Amma Сonstruction Machinery Co. Ltd and the factory for the production of crushing and sorting equipment Zhongxin Heavy Industry Machinery Co., Ltd,” Solntsev wrote on his Telegram channel. He also posted a photo of himself posing with the Chinese delegation against the background of the national flag of the PRC.
A Chinese drone manufacturer has denied it has any commercial dealings with Russia, following a report claiming it was negotiating with the country’s military over the mass production of “kamikaze” drones.
Realme and Oppo as well as some other Chineese brand now hold 61% of Russia’s smartphone market by sales as of May 2022. Decreased revenue in 2023 vs 2022.
Reported to suspend operations in Russia but in July 2022, Xiaomi and its sub-brand POCO combined accounted for 42% of the Russian smartphone market, ranking first in terms of sales volume. Xiaomi Corporation, the leader in the sale of smartphones in the Russian Federation, was included in the list of international sponsors by NACP of the war but the company is "strongly against the accusation from the Ukrainian National Agency on Corruption Prevention (NACP) that we are "International sponsor of war". We don't support any war actions. We fully embrace world peace. Our mission is to let everyone in the world enjoy a better life through innovative technologies". Xiaomi Corporation has applied to the Federal Service for Intellectual Property (FIPS) to register a new product. According to the document, if the application is approved, the company will be able to produce and sell beer, chocolate, fruit and other products. Revenue decreased in 2024 vs 2023 by more than -10%.
03.2023 - The record about the founder of TP-LINK TECHNOLOGIES (SG) PTE was deleted. LTD.BIG FIELD GLOBAL PTE LTD. (offshore) becomes the new founder of the organization. 11.2023 - The deterioration of the status occurred due to the fact that the sale was an intragroup transaction, as KSE Institute learned later. Website in Russian (https://www.tp-link.com/ru) is not accessable now and company decreased by 35% its revenue for 2024 vs 2023. Revenue decreased in 2024 vs 2023 by more than -20%.
No news, no update at russian website since 2017. The Chinese TPV Technology plant in the Leningrad region has stopped producing Philips, Sony, and Sharp televisions due to sanctions pressure from US and EU regulators. Revenue decreased in 2024 vs 2023 by more than -20%.
New TCL smartphones go on sale in Russia. Chinese TCL began production of TVs at the Russian enterprises Kvant and STI Group. The Chinese TV brand TCL has refused to supply its components to Russian contract manufacturers Quantum and STI Group amid the risks of sanctions. The leaders of the Russian TV market, Chinese Haier, TCL and Huawei, are negotiating with Yandex about installing the YaOS operating system (OS) on all devices supplied to the Russian Federation.
Still operating in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.