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
The US has imposed export restrictions on 37 companies, nearly 30 of them Chinese, for activities that include aiding the Russian military and supporting China's PLA. The restrictions affected divisions of the Chinese genetics company BGI and the Chinese cloud computing company Inspur.
Chinese state-owned company Yanchang doubled purchases of Russian oil.
The Chinese conglomerate Wuchan Zhongda Group, which is also involved in international trade, has launched an investigation due to the disappearance of a large batch of copper purchased in Russia. The conglomerate bought 2 thousand tons of refined copper (worth about $20 million) from the Russian Regional Metallurgical Company late last year, the goods were to be sold to a local trader for onward delivery to China. However, in the end, the cargo arrived in Turkey and in practice turned out to be much cheaper granite, sources said.
The Chinese conglomerate Xiamen C&D and the Russian Norilsk Nickel are negotiating the creation of a full-scale enterprise in China from the processing of Norilsk Nickel copper ore into metal.