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
There is no an offical statement of the company. Since Feb 24, AirSerbia has doubled the number of flights to the Russian capital. AirSerbia will go back to one flight a day to Moscow, according to the Serbian president. Serbia's airline is the only European company that has kept on flying to Russia since the international flight ban. Air Serbia will stop operating flights from Belgrade to the Russian cities of Kazan and Sochi from the end of January. The last Air Serbia flights to these cities are scheduled for January 18 and 20. However, the company still maintains its flights to the largest cities in the Russian Federation: Moscow and St. Petersburg.
The United Kingdom has imposed sanctions on companies from six countries for exporting equipment to Russia. Serbian company Avio Chem, which sent numerous batches of spare parts and accessories for aircraft to Russian enterprises.