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
Provides services for humanitarian aid. There are statements about the termination of business in Russia.
About 30 Russian banks have already connected to the national Chinese bank transfer system CIPS (Cross-Border Interbank Payment System), which allows you to make payments in yuan.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
Gilat SkyEdge satellite Internet communication systems manufactured in Ukraine are massively imported to Russia, where they can be used in war. Gilat SkyEdge is a satellite system manufactured by the American outsourcing company Jabil Circuit in Uzhhorod for the Israeli corporation Gilat Satellite Networks.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions. The US introduced export restrictions against the company.
Paused some business with Russia. Iskratel has traditionally been a partner of such large corporate customers as Gazprom, Svyaztransneft, Russian Railways, the Ministry of Internal Affairs of the Russian Federation, the Ministry of Defense of the Russian Federation and others.
Luxembourg powerless as Russia Today uses SES to broadcast in India. Russia Today has had its license suspended in the EU, but continues to be beamed out to viewers in India through an SES satellite.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
The company continued deliveries to Russia, although it said it would stop them.
Provides services for humanitarian needs. There are no statements about leaving the Russian market.
Virgin Media 02 is to buy a British broadband company owned by a Russian oligarch-backed investment company, after the government forced its sale on national security grounds.
Despite the initial threats, the listed web services remain operational and available in Russia, such as YouTube, Wikipedia, Telegram and Zoom. US tech companies including Microsoft and Zoom should be “throttled” and “strangled” from operating in Russia, President Vladimir Putin has said.
Continued relations with Russia. BT has been forced to continue its relationship with Russia's state-backed telecoms operator despite attempts to join a corporate boycott over the war in Ukraine. The British telecoms giant is understood to have explored whether it could sever ties with Rostelecom as part of backlash over Vladimir Putin's invasion. However, BT has pulled back from taking such action because it would mean people in the UK would no longer be able to make calls to Russia.
Still operating in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
The French regulator has said Eutelsat must cut ties with NTV Mir. It is claimed Russia was Eutelsat's second biggest client last year. Reporters Without Borders (RSF) has asked France’s broadcasting regulator, ARCOM, to order French TV satellite operator Eutelsat to stop carrying three Russian TV channels that are spearheads of the Kremlin’s war propaganda. French campaigners and Ukrainian activists have demanded Eutelsat, a Paris-listed satellite business in which the UK holds a 10pc stake, immediately halt transmissions of dozens of Russian channels. Revenue decreased in 2024 vs 2023 by more than -20%.
Remain present in Russia market, exporting production but reduced volumes in 2022 vs 2021.
Rostelecom and Megaphone companies were disconnected from the traffic exchange point, which is located in London
Truphone to Pay $600,000 U.S. Fine, Ensure Russian Ownership Divested.