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
Still flying to Russia
Still flying to Russia. Turkish low-cost airline Pegasus Hava Tasimaciligi AS, among a group of airlines still servicing destinations in Russia, is “very closely” monitoring drone strikes that have become more frequent in recent weeks as Ukraine increases its cross-border counter-attacks on its neighbor.
The Bureau of Industry and Security of the US Department of Commerce imposed a fine of $285 thousand on the Turkish company Sapphire Havacilik for operating at least two charter flights to Russia on an American-made Gulfstream aircraft.
Flights to Russia commenced in August 2022. The US authorities have banned the Turkish airline Southwind Airlines from flying to Russia on American Boeing 737 MAX aircraft. Southwind Airlines was banned from flying to one of the European countries because of its ties to the Russian Federation.
Still operating in Russia, extended suspention of flights to Minsk, Yekaterinburg, Rostov, and Sochi until the end of August 2022.