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
Received revenues in Russia in 2021-2024, the company announced that it stopped doing business with russia but it still owns the local company - PSI LLC where PSI SOFTWARE AG is the shareholder. Revenue increased in 2024 vs 2023 by more than +50%.
“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.
Promised to withdraw from Russia/Belarus but later the statement was deleted. Website and service is still available for Russia/CIS.
The German EOS Group, which owns one of the largest collection companies in Russia, is preparing to exit this business, two sources in the financial market told RBC. According to one of them, foreign shareholders of the Russian EOS were negotiating with at least four potential buyers. The German EOS Group has decided on a potential buyer of its collection agency in Russia — the asset can be purchased by the structures of Gazprombank (GPB). German EOS Group, which owns one of the largest collection companies in Russia, has changed its mind about selling its subsidiary to Gazprombank (GPB) structures, two sources in the financial market told RBK. According to one of them, the foreign shareholders of the Russian EOS have “withdrawn from the deal”; negotiations that have been ongoing since at least the fall of last year are no longer ongoing. It became known in the spring of 2024 that EOS Group had begun looking for a buyer for its business in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.