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 CompletedOne of North Korea's largest companies, Ragwon Trading Corporation, is planning a major expansion in Russia. According to Rospatent, Ragwon filed an application for trademark registration in Russia in late April in dozens of categories, from hygiene products, food products, and agriculture. The company may begin supplying the award-winning Ragwon-410 wheat growth biostimulant, Kumkang beer, soap, jam, dry milk, toothpaste, cosmetics, and a product based on the root of the bellflower (Platisodon), which is said to help prevent respiratory diseases and bronchitis.