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 CompletedRussia continues to import the ASML line of equipment. It is used by microchip manufacturers who work, in particular, with the military industry. According to Russian customs and open registers, ASML equipment was initially imported by AK Mikrotech. In July 2023, it came under Western sanctions and probably stopped importing these products.
The company continues to supply products to Russia.
The company continues deliveries to Russia.
The company made a statement about humanitarian support of Ukraine. Stopping supplies to Russia and marketing activities. Dutch health technology company Philips (PHG.AS) will continue to deliver hospital equipment to Russia, despite its war on Ukraine, Chief Executive Officer Roy Jakobs said on Tuesday. Jakobs said Philips' activities in Russia centred on the maintenance and delivery of hospital equipment such as large medical scanners, while it has stopped the sale of its personal healthcare products there - except for maternal care products. 25.09.2023: The full name was changed from PHILIPS HOME EQUIPMENT LLC to VERSUNI LLC | The entry about the founder PHILIPS DOMESTIC APPLAINSIS HOLDING B.V. has been deleted. The entry about the founder PHILIPS DOMESTIC APPLAINSIS NETHERLAND B.V. has been deleted. VERSUNI HOLDING B.V. becomes the new founder of the organization and VERSUNI NETHERLANDS B.V. becomes the new founder of the organization - internal deal. Philips is not trying ot leave as it took half a billion RUB in loans in war year 2022 and invested it in fixed assets. Household appliances from Bosch, Delonghi and Philips, produced for the Ukrainian market, began to be supplied to the Russian Federation and sold through marketplaces and electronics store chains. Philips struck a deal with the Chechnyan ministry of health in July, 2023. They've transformed the Russia branch to a medical supplier, and in that light they don't mind doing business with Kadyrov (a photo with Kadyrov's son-in-law and a Russian Philips manager right after they signed an agreement was published in Instagram feed about the deal).
Suspend only exports to Russia and investments and new business. Revenue decreased in 2024 vs 2023 by more than -20%.
Microcircuits of mainly large Dutch manufacturers, such as NXP and Nexperia, reach Russia. Nexperia strongly condemns the illegal invasion of Ukraine by Russia. The company says that it comply with international sanctions, which it fully support, therefore, it has no Russian customers and do not sell to Russia even through distributors. Nexperia also stated has never been involved in projects of military nature and has no intention of doing so in the future. But its components, in particular, bus transceivers, were found in Kh-101 missiles.