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
As of 8th of March stopped placing orders for concentrate in Russia and ceased investments in the market, not clear whether they leave or not. Stopped all production and sales of brands of The Coca-Cola Company in Russia, renamed company to Multon Partners, will focus on the production and sale of existing local brands; intend to have a much smaller operation in Russia. The Swiss-Greek Coca-Cola HBC, despite the promise to support the implementation of the decision of the American Coca-Cola Company and statements in support of Ukraine, is leaving Russia and not gathering. But she lost the opportunity to bottle and sell drinks under the Coca-Cola brand - at least legally. In August 2022, Coca-Cola HBC announced that it had sold the last old stocks of original Coca-Cola and would now develop its Russian business "on a much smaller scale" under the new name - "Multon Partners" (that was the name of the Russian juice company, which Coca- Cola HBC bought in 2005). "Multon Partners" will focus on the production and sale of local brands "Dobry", Rich and "My Family", it was said in the release - and it was emphasized that the raw materials will be exclusively local, that is, The Coca-Cola Company will not supply concentrates for beverages. Coca-Cola is preparing to return to Russia: The company is already discussing a strategy for working with domestic competitors and combating parallel imports.
Suspend capital investment. Barry Callebaut, which also has three factories in Russia. The company claims to provide essential goods, "chocolate is part of the daily diet of many". It has a certain sound of "Qu'ils mangent de la brioche" (even if the saying predates Marie Antoinette). If we compare total exports for the year starting March 1, 2022, with the year before, the value has more than doubled ($70.9 million vs. $29 million), or 145% to be exact. The Swiss chocolate manufacturer Barry Callebaut is included in the list of sponsors of the war in Ukraine. As NAZK emphasizes, Barry Callebaut remained working in Russia, using manipulative statements about the supply of primary necessities to the Russian Federation and asserting that "chocolate is part of the daily diet of many".
Suspend investments in Russia but continue substantive operations. Revenue increased in 2024 vs 2023 by more than +30%.
