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
Prpmised to suspend investments but continues sales and plant operations in Russia. Received revenues in Russia in 2021-2024.
The company has a subsidiary in Russia and also, before the war has started, Ehrmann expanded in Russia by acquiring FrieslandCampina’s dairy business. Continue sales in Russia but promised to suspend new investments.
Received revenues in Russia in 2021, there is no any official announcement
Continue candy sales in Russia. No statement seems to be available, and the Russian Website boasts "Storck products are convincing consumer across Russia from Kaliningrad to Vladivostok!" Comparing total export for a year starting on March 1, 2022 vs. a year before by value, the increase is "only" 51% (96 million USD vs. 64 million USD). Slightly increasing the market share of exported chocolate from 12.9% to 13.7%.
Promised to halt new investments and advertising. The medium size German company put out a statement on Twitter over a year ago, explaining that Russia is the second largest market for the company after Germany, and committing all profits to humanitarian aid organizations: "to secure jobs and the livelihoods of many cocoa farming families we continue to supply chocolate to the Russian population". Caring for the cocoa farmers is commendable. Does it justify 91% increase year-to-year after the invasion? A year starting March 1, 2022 saw an increase to 79 million USD from 41.4 million USD the previous year. The CEO of chocolate manufacturer Ritter Sport - Alfred Ritter - Andreas Ronken said that he considers the right decision to refuse to leave the Russian market after the outbreak of hostilities in Ukraine.
Continue doing business as usual.
Russian location is removed from the website (as can be seen from the archived version), yet it stayed on the map. Increased its market share of chocolate in Russia after the invasion.
The company exports to Russia. The supply volume has remained about the same and most of the supply is direct, although we may see some indirect supply after the invasion.
The company suspended investments in Russia, but local cheese factories will continue to operate. Profits from the local Russian business will be used for humanitarian purposes until further notice.
Suspend new investments. GEA to scale down Russian business.