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 CompletedBaltic companies are helping Russia's shadow fleet circumvent sanctions by secretly refueling ships. This is a network of Fast Bunkering companies, whose activities are concentrated in Lithuania, Latvia and Estonia, and specialize in refueling ships. According to media reports, in particular, two tankers Rina and Zicone of Fast Bunkering from June 2024 to March 2025 delivered fuel to 177 oil tankers, most of which were transporting Russian oil, despite the sanctions.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found. OTK Group, the Latvian firm that shipped goods "at the request" of Kompaniya Elektroniks, is affiliated with ITC via Russian citizens who have served as its managers and shareholders.
Supplied electric motors and other products to Russia during the period August 2022 - July 2023. These products are of significant importance for the railway engineering industry of the Russian economy, in particular they are used in the production of electric trains of the EP2D model. These trains are produced by the Demikhovsky Machine-Building Plant, part of Transmashholding CJSC. Transmashholding is subject to U.S. SDN sanctions and Ukrainian sanctions.