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
Suspend supply of parts and deliveries/servicing, but continue substantial titanium purchases from Russia. Airbus Chief Executive Officer Guillaume Faury said on Feb. 16 that company data show Russian airlines flew his company’s jets more in the second half of 2022 than they did before the pandemic. Although Faury added that the company isn’t in contact with airlines in Russia, Airbus is starting to hear about difficulties keeping planes flying as they struggle to replace missing components. Between the start of the war and March 2023, Airbus imported at least $22.8 million worth of titanium from Russia; a fourfold increase in value and tonnes compared to the previous 13 months. Court accepts bankruptcy request for Airbus ex-Russia branch. French President Emmanuel Macron personally intervened to persuade Canadian Prime Minister Justin Trudeau to give Airbus and other aerospace firms relief from sanctions on Russian titanium. In Russia, every second Airbus neo has stopped flying due to technical reasons. Airbus Defence and Space has replaced a Russian corporation in a European project to search for signs of life on Mars. A huge number of parts from the world's largest aircraft manufacturers, Airbus and Boeing, are falling into the hands of Russians despite sanctions, even as the companies claim to be complying with the sanctions regime.
A Chinese drone manufacturer has denied it has any commercial dealings with Russia, following a report claiming it was negotiating with the country’s military over the mass production of “kamikaze” drones.