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 CompletedZeebrugge's independent gas infrastructure operator, Fluxys, provides LNG storage and transshipment capacity to Yamal LNG, a joint venture controlled by the Russian gas company Novatek, which is reportedly directly involved in the financing of military aggression and war crimes. The National Agency of Ukraine for the Corruption Prevention (NAСP) included the Belgian independent operator of the Fluxys gas system in the list of international sponsors of the war. The reason was that the company promotes the export of Russian liquefied natural gas (LNG), which provides financing for the Russian invasion of Ukraine.
In February, the Dutch Nuclear Safety and Radiation Protection Authority issued permission to the special transport company Transrad to import UF6 into the country from Russia for the Dutch division of Urenco for a period of three years, which caused a scandal. Russia today controls almost 50% of the world's uranium enrichment capacity, and Rosatom supplies more than a fifth of the enriched uranium for nuclear reactors in the United States and Europe. Urenco accounts for 31% of the uranium enrichment market.
Unil Lubricants (Belgium) - produces engine, transmission and hydraulic oils, greases, metalworking fluids and sprays. They have an extensive distribution network in Russia.