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 CompletedKargoline was registered a month after the start of the war in Ukraine, when Airbus, Boeing and other parts manufacturers banned Russian airlines. Azamat Alkadyrov, a former middle-ranking Kyrgyz official, became the director and owner. In July 2023, the US imposed sanctions against Kargoline. It follows from the customs data that the Lithuanian Right Direction Aero is not the only company from which the Kyrgyz Kargoline bought spare parts for the supply of the Russian AI Fly. NAZK included the company among the international sponsors of the war.