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
Chinese companies are transferring technology to equip the Russian army, Importgenius trade data shows.
In 2023, Chinese companies supplied Russia with engines for radio-controlled aircraft manufactured by Mile Hao Xiang Technology for $1.1 million. Mile Hao Xiang Technology engines were found in the Gerber and Parody drones. These drones are used by the Russian army as dummy targets to defeat Ukrainian air defenses. Since June 2024, the Chinese Mile Hao Xiang Technology has been under US sanctions for supplying components to Russia.
The Garpiya "closely resembles the Shahed" but it has several distinguishing features, including a unique bolt-on fin and Limbach L-550 E engines, the European agency said in a statement to Reuters. The engine, which was originally designed and manufactured by a German company, is now produced in China by a local firm, Xiamen Limbach.