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
The company announced the suspension of the sale of Pepsi-Cola, 7Up and Mirinda (replacing them with Evervess and Frustyle). The company continued to produce other products in Russia. It also suspends capital investments and all advertising and promotional activities in Russia. In September 2022 PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. For 11 months, from the beginnig of the war, the company has not taken any visible steps to exit and continues to sell chips and dairy products in Russia. Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$223mn or +5%). Profit volumes also significantly increased in 2022 vs 2021. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war. SAS is taking swift action and have already announced a boycott of Pepsi products due to their continued business in russia and financially fueling Russia's war. In 2024, the American company PepsiCo started the operation of the first phase of the factory of snacks and salty snacks in Russia, near Novosibirsk. Despite the war, the company has been operating in Russia for over 60 years, and opened a new plant with a production capacity of 60,000 tons per year. The American company PepsiCo wants to register the Rockstar trademark in Russia for the sale of beverages. The application was submitted to the agency on April 30, 2025 and PepsiCo is listed as the applicant. According to the documents, the company under this name wants to produce and sell various beverages in Russia: water, energy drinks, fruit juices.
The company promised to scale back the business and will refocus in feeding the Russian people and pets. "Any profits from the Russian business will be used for humanitarian causes. The company will not import or export the products. Factories and sales still operating in Russia". Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$432mn or +20%). Mars last year announced the suspension of operations in Russia. However, some factories of the company continue to produce chocolate and other products. The Prosecutor's Office of the Moscow Region is investigating the Mars company due to possible financing of the Ukrainian Armed Forces. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war. Mars and Mondelez to raise prices on sweets in Russia. The American company Mars leased 41,000 sq. m from the developer Level Group in the Level Box Terekhovo logistics park under construction, located in the village of the same name in New Moscow.
Initially, the company promised to scale back all non-essential activities in Russia, discontinue all new capital investments and suspends advertising media spending. But later they announced: "We continue to evaluate the situation in Ukraine and Russia and our ability to control our operating activities and businesses on an ongoing basis, and we continue to consolidate both our Ukrainian and Russian subsidiaries. During the first quarter of 2022, Ukraine generated 0.3% and Russia generated 2.4% of consolidated net revenue and during the first quarter of 2023, Ukraine generated 0.4% and Russia generated 2.8% of consolidated net revenue". Significantly increased revenue in Russia from $1.016bn in 2021 to $1.463bn in 2022. Was included in the list of international war sponsors by NACP.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue increased in 2024 vs 2023 by more than +30%.
Received revenues in Russia in 2021, there is no any official announcement
The company continues to operate and sell its products in Russia.
The owner of Peet’s Coffee is making a series of changes to its business to keep selling in Russia, offering a rare example of how some companies are charting a new normal as the Ukraine war rages on.
In August 2023, American investor Calvin Marshall established SUPERSECRET SANCTIONED SNACKS RUS LLC, abbreviated as SSSR (USSR in Russian), in St. Petersburg. An article by Octagon.Media titled “American Establishes 'USSR' Company in St. Petersburg”, dated December 15, 2023, reports that he plans to export Russian snacks to the United States and import American snacks to Russia.
The Coca-Cola Company is suspending its business in Russia but starts making in Russia 'Dobry Cola' and a bunch of juices with brands like Rich and Moya Semya. The Coca-Cola Company's statement meant that direct official sales of Coca-Cola, Fanta, Sprite and other brands in Russia are no longer possible, even though the American company itself has never engaged in them. Ten Russian Coca-Cola plants were owned, bottled and sold by a separate independent company — Coca-Cola Hellenic Bottling Company (HBC), registered in Switzerland. The American Coca-Cola Company owns 21.3% of its shares. The profits of Multon Partners LLC, the Russian division of Coca-Cola HBC Holdings B.V., totaled 10.25 billion roubles (a little over $111 million) in 2023 — more than four times more than in 2022 (2.3 billion roubles), according to the company's financial statements. Back in March 2022, almost immediately after Russia launched its full-scale invasion of Ukraine, Coca-Cola announced that it was suspending its business in the country. Its chief competitor, PepsiCo, issued a similar statement. However, leaving the Russian market behind proved to be easier said than done. Slightly decreased revenue in 2023 vs 2022.
Suspended advertising and all capital investment in CPW in Russia. (No plants, employees or distributors in Russia. Joint venture with Nestle in Cereal Partners Worldwide. CPW has ties to Russia and sells GM cereal outside of the North America. CPW sales <1% of GM total)
January 21, 2024 — Trident Seafoods has terminated its membership in the National Fisheries Institute – the largest seafood industry trade group in the U.S. – and ended its participation in NFI’s Executive Committee. In a Jan. 17 statement, Trident said the decision was in response to a disagreement with NFI on the latter organization’s desire for the U.S. to import Russia-sourced seafood. Trident still using Russian pollock in Europe after toasting latest US ban. The European subsidiary of Trident Seafoods Pickenpack has resumed the purchase of pollock from Russia. According to the representative of the company, after initially abandoning products of Russian origin after the beginning of the invasion of Ukraine, Pickenpack resumed purchases of Russian pollock. The Pickenpack news comes as Trident is in the process of selling off some of its Alaska assets. On April 24, Trident completed the sale of its Ketchikan facility to Silver Bay Seafoods – a deal first announced in March 2024 – and continued to seek buyers for several other Alaska properties it owns. On April 4, it completed the sale of the St. Petersburg plant of EC Phillips & Son.