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 CompletedLondon-listed information technology firm Softline said, it would sell its Russian business to its founder Igor Borovikov or an entity controlled by him. Softline system integrator is negotiating the purchase of Forward Leasing (Forward Leasing LLC), which provides a “subscription” service for smartphones and other user devices, including laptops, in the leasing format – a buyout with a low monthly payment and the ability to exchange a device for a new one. until the entire amount is paid. 08.2023: Authorized capital increased from 100,000 rubles to 120,000 rubles | Kichko Dmitry Vladimirovich becomes the new founder of the organization. Russian part of the group was sold to the ZPIF of Tethys Capital Management Company. The government subcommittee did not approve the deal for the acquisition of a stake in Mosbirzha by the Softline group of companies from the European Bank for Reconstruction and Development (EBRD).
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.
The company is still operating with higher revenue in 2022 vs 2021 based on open data. According to information provided KSE source they only suspended new hiring in Russia and apparently new getting new clients in Russia. The Development office in Saint Petersburg and office in Moscow are still active and working for Russian clients.
Stops hiring and sales in Russia. On March 20, 2024, two years after Mykhailo Fedorov's post, Netcracker's public financial report appeared, indicating that the company continues to operate in Russia. In the "Explanation to the annual accounting reports of NetCracker LLC for 2023" the year's turnover of 8 billion rubles is indicated, branches in Saratov, Tolyatti, Nizhny Novgorod, St. Petersburg, Samara, Voronezh, as well as two in Moscow are listed. The text part of the document ends with an unequivocal intention to continue working in the current year.
The joint company of Rosatom and D-Link in the first year of production of switches was able to earn 183 million rubles. The main company received 4.2 billion rubles of revenue in 2022.
The Russian structure of the Italian Antares Vision, which supplies equipment for product labeling, has encountered a blocking of transactions in the Moscow representative office of Intesa Bank.
Still operating in Russia. Following the results of 11 months of laptop sales in 2023, Taiwanese MSI became the leader in Russia, overtaking Asus and Huawei.
Fined for selling sensitive defense technology to Russia in 2021. Still advertizes multilple locations and operations in Russia.
The company is registered in Switzerland and has a local company in Russia. The company develops NFC cards based on chips from Samsung and these chips/microcontrollers in the product are imported to the Russian Federation.
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”.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is Altera).
Asana, an American software company for team work, mainly in the IT field, continues to serve teams from Russia.
Russia 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.
Azu International supply chain keeps tech flowing to Russia. Britain imposed sanctions against Turkish and UAE companies for military supplies to Russia. The sanctions list includes Turkish companies Turkik Union and Azu International, which export microelectronics to Russia.
Bion Group Ltd Sti, a former textile trader that recently expanded into wholesale electronics and supply chain keeping tech flowing to Russia.
The third largest oil producer in Russia, Gazpromneft, is partnering with Swiss-based bitcoin mining firm BitRiver to build out mining operations located at oil fields according to a memorandum from the St. Petersburg International Economic Forum. Bitcoin mining company Bitriver is cooperating with Gazpromneft and is building a network of data centers and mining farms for the oil company. The desire to work with Russia is also proven by the fact that in April 2022 the US Treasury Department added Bitriver to the list of companies that support the war. The company also has a license to provide services from June 2022 to 2027.
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 list also includes DMT Electronics, which is said to be based in Russia, as well as Belarusian DMT Trading LLC.
The company continues to supply products to Russia.
Extreme Networks shuttered its Russian operations in March 2022. Since Russia annexed Crimea in 2014, American companies have been prohibited from dealing with MMZ Avangard, a state-owned firm that makes missiles for one of Russia's most sophisticated weapons, the S-400 air-defense system. Top manager at U.S. firm Extreme Networks privately sold high-tech in Russia.
The items exported by FTDI are not in breach of UK sanctions, but they are on a list compiled by the European Commission of dual-use goods and advanced technologies that are used in Russian military systems or critical to their development.
The company continues to supply products to Russia.
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.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
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.
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.
According to the Ukrainian assessment, among the US-made components found in the downed drone there was a microprocessor produced by NXP USA Inc. Answer of the company "While the sanctions allow for business to be done following certain conditions, NXP goes beyond the legal scope of the regulations and does not support any business in or with Russia, Belarus, and other fully embargoed countries, including Iran." The navigation of the Shahed-238 is handled by the satellite and inertial systems traditional for these aircraft-missiles. Satellite navigation signal processing is implemented on AD9361BBCZ chips from Analog Devices, MIMXRT1052 microcontroller from NXP USA Inc and N63A0QI chip from Intel, all USA.
According to the Ukrainian assessment, among the US-made components found in the downed drone there was a circuit board components by Analog Devices and Onsemi.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is Saito Seisakusho).
Brussels plans sanctions on Chinese companies aiding Russia’s war machine. Sigma Technology’s operations in China are not connected or affiliated with the other Hong Kong company named Sigma Technology that was mentioned in the Financial Times earlier.
“Observes all export restrictions and manufacturer bans” and “has not circumvented Western sanctions against Russia”. Companies' components, which were supplied for Putin's weapons were identified. The company continued to sell components via Istanbul to Russia.
Following suit with Canadian government mandated sanctions, SOTI has ceased new sales and active banking operations in Russia. At the same time, the company not only did not leave the Russian market, its Russian employees received awards as top performers in 2023.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is STMicroelectronics). According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA). The Shahed-238 inertial navigation unit is also built on Western electronics using STM32F405 microcontroller chips manufactured by STMicroelectronics (Switzerland) and the iSensor ADIS16480 inertial measurement module from Analog Devices (USA).
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions. Hindenburg Research has accused US motherboard maker Super Micro Computer of years of accounting fraud. Key allegations in relation to Russia: - When Russia invaded Ukraine in February 2022, the U.S. government imposed stringent restrictions and bans on exports to Russia of high-performance computers and components. - Super Micro disclosed that some of its products were subject to export bans and said it was halting all sales and had “not recorded revenue” from Russia since the day before the war started. - Exports of Super Micro’s high-tech components to Russia have spiked ~3x since the invasion of Ukraine, apparently violating U.S. export bans, according to our review of more than 45,000 import/export transactions - At least 46 companies that handled Super Micro products to Russia since the invasion are now under OFAC sanctions or on U.S. government watchlists. - Almost two-thirds of Super Micro’s exports to Russia since the invasion correspond to “high priority” components that the Russian military may be diverting to the battlefield, per U.S. government warnings. - One of the biggest importers of Super Micro products in Russia is a supplier to one of Russia’s largest “supercomputers” at a once-secret, now-sanctioned research center. That importer, Niagara Computers, has received at least $46.3 million worth of Super Micro products since the start of the Russia-Ukraine war, per trade data. - The sales were initially made through a distributor in California, but were later made through 3 newly-formed Turkish shell companies, including one that was eventually sanctioned for smuggling restricted items to Russia. - Almost $30 million worth of Super Micro components have also been shipped to Russia’s largest importer of dual-use civilian-military chips via a newly created Hong Kong shell entity. That Russian importer is now under OFAC sanctions.
Companies whose components were found inside Shahed-136. GLONASS, GPS ceramic radio frequency antenna manufactured by Tallysman. A Tallysman representative said: “We have been informed, and we agree, that some of our components have been misused in sophisticated military guidance systems in Ukraine. Tallysman has fully complied and will continue to cooperate with all Canadian and international export control agencies and authorities. To the extent possible for a product sold globally, we verify and review end customer identification and intended end use. We are very careful about what products we sell to whom." The navigation of the Shahed-238 is handled by the satellite and inertial systems traditional for these aircraft-missiles. To receive satellite navigation signals, a block of four TW1721 antennas from the Canadian company Tallysman is used.
Promised to withdraw from Russia/Belarus but later the statement was deleted. Website and service is still available for Russia/CIS.
The company continued deliveries to Russia, although it said it would stop them.
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions (one of the companies supplied it is Xilinx). According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA).
The Orlan-10 drone manufacturer buys electronics in the US, EU and China to circumvent sanctions.
The Fortis range also includes exotic security solutions - tools from the South Korean company xSecuritas for forming dynamic watermarks on the monitor image, which allow you to protect critical corporate information from leaks with the help of photo and video recording.
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.
Received revenues in Russia in 2021-2022. Promised to discontinue activities in Russia at the beginning of the war, but still received income in 2022. Offered some employees the opportunity to work outside of Russia.
Statement condemning Russian invasion of Ukraine. Suspended sales of products and services in Russia and Belarus. Discontinue business operations in Russia. Trade data indicate that components manufactured by Harting, Trimble and TE Connectivity continue to be imported into Russia through official distributors or through third countries such as Hong Kong and Turkey.
AMD is suspending its sales and distribution of its products into Russia and Belarus according to comments provided by official representatives to press. There are no official statements of the company. In one case, a Russian 9M727 cruise missile, one of the country's most advanced weapons that can manoeuvre at low altitude to evade radar and can strike targets hundreds of miles away, contained 31 foreign components. The parts were made by companies that included U.S-based Texas Instruments Inc and Advanced Micro Devices Inc, as well as Cypress Semiconductor, which is now owned by Infineon AG, a German company, the RUSI investigation found.
TikTok suspended live streaming and new content of the video service in Russia to comply with the new Russian law. The EU may fine TikTok if it proves that the platform poses risks to children.
Stopped subscriptions in Russia and Belarus, the company will "have no business" with Russian companies during this period. On the night of May 30, 2024, the well-known Docker Hub service for programmers closed access for users from Russia. The Docker Hub repository has removed geo-blocking for users from Russia.
Promised to close office in Russia till June 10, 2022 and offered to relocate Russian staff but in September 2023 Senior HR Manager at Five9 anounced that Five9 Russia is expanding now.
A number of extensions for the Firefox browser, which allow you to bypass Internet blocks established in the Russian Federation, have become unavailable in the official Mozilla catalog for users from Russia. According to the representative of the organization, the decision followed "persistent requests" from Roskomnadzor. At the same time, the developers said that they only temporarily limited access and were thinking about how to proceed further. Firefox developers called temporary blocking of a number of VPNs in Russia. 14/06/2024: Mozilla has reinstated some Firefox add-ons that were banned in Russia by the Kremlin earlier this week.
According to the Ukrainian assessment, among the the components found in the downed drone there were components produced by U-Blox. u-blox prohibits the use of GNSS modules in military drones.