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 CompletedAccording to Spark-Interfax, as of March 2023, Hans Peter was the CEO of the automobile company Hit Motors Rus LLC, owned by the Kazakh HEAT Motors LLP. By decision of the Board of Directors of JSC MAZ Moskvich, Hans Peter Moser was appointed CEO of the company from June 29, 2023.
Exposing the cooperation scheme of the Kazakh company ARC Group with the Russian military for the maintenance of Russian Su-30SM aircraft equipped with French Thales and Safran avionics. Back in October 2021, ARC Group concluded its first contract with the specialized Russian company "Rosaviaspetskomplekt".
The Ministry of Finance of Kazakhstan announced the possibility of selling the country’s largest metallurgical plant ArcelorMittal Temirtau to Russian investors.
Under the brand Digbox, DJI Ars Moscow sells drones and other items on Ozon, a popular online marketplace that Russian soldiers sometimes use to equip themselves for the war. Russian customs data obtained by reporters shows that at least one of its sources is in Kazakhstan. In 2022, it imported over 500 drones from a Kazakh company called Aspan Arba.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
The Kazakh company BGM Production LLC imported at least 10 Hyundai Wia computerized metalworking centers from South Korea with a total value of over $5 million. The machines were delivered to Kazakhstan through a customs checkpoint on the border with China.
The Russian market has been replenished with new brands.
Export components for drones to Russia.
The US Treasury Department on Wednesday, August 16, 2023 announced sanctions against three companies from Kazakhstan, Russia and Slovakia that facilitate the arms trade between Moscow and Pyongyang.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Among the foreign brands that began to sell in Russia in 2024-2025 is the Kazakh brand from the fashion segment Gaissina.
Russian manufacturer of control and technical diagnostics devices INTRON PLUS plans to conclude agreements with two large companies in Kazakhstan this year. The company intends to conclude cooperation agreements with the metallurgical company Kazzinc, which produces zinc, lead, copper and precious metals, as well as with the mining and metallurgical company Kazchrome.
Kazakhstan will buy tankers to transport oil around Russia. The national operator of Kazakhstan, KazTransOil JSC, announced an increase in tariffs for pumping Russian oil.
The national operator of Kazakhstan, KazTransOil JSC, announced an increase in tariffs for pumping Russian oil.
Russian manufacturer of control and technical diagnostics devices INTRON PLUS plans to conclude agreements with two large companies in Kazakhstan this year. The company intends to conclude cooperation agreements with the metallurgical company Kazzinc, which produces zinc, lead, copper and precious metals, as well as with the mining and metallurgical company Kazchrome.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found. OTK Group, the Latvian firm that shipped goods "at the request" of Kompaniya Elektroniks, is affiliated with ITC via Russian citizens who have served as its managers and shareholders.
Kazakhstani Nurbank has announced its cooperation with the new Russian money transfer system Kwikpay, according to a statement issued by the bank. The service offers fee-free bi-currency transfers, allowing funds to be sent in one currency and received in another. The partnership comes amidst challenges faced by Zolotaya Korona, a Russian payment system widely used in Kazakhstan.
Kazakh airline Qazaq Air has decided to suspend Astana-Yekaterinburg flights until January 27, 2025. According to the company's press service, the suspension of flights was carried out to ensure the safety of passengers and crew members based on the results of the current risk assessment of flights to Russia.
The gas company Qazaq Gaz offered Gazprom to consider the possibility of creating a new transit gas pipeline along the route from Russia to China, which could also be used in the gasification of the east of the republic. After months of Kremlin political pressure, Russian giant Gazprom finally signs first Central Asia deal. To enable Uzbek gas deliveries, Gazprom has also signed a transit agreement with Kazakhstan’s state gas pipeline operator, QazaqGaz, the Kazakh company said.
Kazakhstan company JSC TYNYS (АО Тыныс) - a manufacturer of components for Russian Il airplanes and helicopters.
Electronics distributor VVP Group, previously known as the official distributor of Inoi phones, is looking for managers in India and the UAE. The group publicly distances itself from the Russian Federation, however, its Russian structure in 2022 increased profits and strengthened its market position. VVP Group can start production at the plant of the Korean concern Samsung in Kaluga.