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
Continuing to operate in Russia. Did not return CBNC's request for comment.
The US State Department sanctioned DeepCool for the alleged sale of $1 million worth of products to two Russian companies.
Announced that stopped selling drones in Russia but Russia still uses DJI complexes to detect drones of the Armed Forces of Ukraine.
China has banned the export of Loongson chips, which can be used in the military industry. But Russian "Norsy-Trans" will start production of data storage systems (SHD), servers and computers based on Chinese Loongson processors. China will not give Russia new Loongson 3A6000 processors, sent old Loongson 3A5000.
Continuing Russian operations. Did not return CNBC's request for comment. (Partners with Activation Blizzard to offer their games in China.)
The company operates in Russia, has its own website and representative office.
6.07: Said that it has never had any customers in Russia, assuaging investor concerns that the Chinese contract chip maker could be punished by Washington over violations of US economic sanctions. Before - defied US sanctions by continuting to export to Russia
UNITED24 Media reached out to Chinese high-tech manufacturer US Wheeler, whose equipment Pumori imports for resale to the defense sector. The company responded that it was “unaware that its products were reaching Russian defense enterprises” and that exports to Russia had been halted “since the beginning of the war.” However, this statement raises doubts: Pumori’s commercial offer specified production lead times for the lathe, suggesting direct contacts with the manufacturer.
The Biden administration plans to blacklist Chinese chip maker Yangtze Memory Technologies Corp (YMTC), which will bar US entities from doing business with the company.