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 CompletedTurkish JSC TD Uluslyarası Restaurant Yatyrymlary Ticaret Anonymous Şirketi reduced its stake in Gagawa Restaurants LLC (which manages the Turkish Gagawa chain in Russia) from 100% to 84.2%, SPARK found. This database indicates that the holding transferred 8.7% to the company's CEO and former top manager of McDonald's in Russia, Romania and Kazakhstan Lenar Kutlin, the remaining shares went to Anton Minakov (3%), Oleg Knyazkov (2.4%), Nikolay Syuyva (0.9%) and Elena Vanyashina (0.8%). The top management of the Russian division of the Turkish restaurant chain Gagawa received a stake in it worth 500 million rubles. Such deals are intended to stimulate managers to improve the company's performance and work in it for a long time, experts say.