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 CompletedThe International Red Cross Movement has decided not to suspend membership of the Russian Red Cross despite potential violations of neutrality rules revealed by the investigation. An investigation published last month by a group of news outlets, including the Guardian, was based in part on a series of leaked Kremlin documents that revealed plans to fund Red Cross branches in the occupied territory of Ukraine. It also became known that heads of regional Red Cross branches spoke of the need for war against Ukrainian Nazis", and uniformed Red Cross workers often visited military schools for children. At the beginning of this year, the Russian Red Cross signed a memorandum of cooperation with the Artek youth camp in the annexed Crimea, where some of the children deported from Ukraine were sent. The head of "Artek" Kostyantyn Fedorenko came under US and EU sanctions.
Statement condemning Russian invasion of Ukraine (No Russian members expelled)
The FATF Plenary on February 24, 2023 has suspended the membership of the Russian Federation. The Ministry of Finance of Ukraine expresses concern over reports of Russia's attempts to blackmail member countries of the International Financial Action Task Force (FATF) on the eve of the FATF plenary meeting in Paris, which will take place on June 19-23. Russia is trying to exert political pressure on its commercial partners to avoid being blacklisted. In particular, Russia demands to oppose any applications of Ukraine or FATF decisions regarding its inclusion in black or gray lists. The International Anti-Money Laundering Group (FATF) did not include Russia in the "black list". The Ministry of Finance and the State Financial Monitoring Service have once again called on the Financial Action Task Force on Money Laundering (FATF) to include Russia in the "blacklist" during the plenary sessions in Paris from October 23 to 27, 2023. On October 22, 2024 the International Anti-Money Laundering Group (FATF) once again failed to include Russia in the "black" list.