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
Received revenues in Russia in 2021, there is no any official announcement
Initially suspended Russian athletes & relocate Russian events. The International Canoe Federation to allow Russian and Belarusian athletes to return to its competitions under a neutral flag, provided they do not support the war in Ukraine.
Recommended that international sports federations not allow Russian or Belarusian athletes and officials to participate in international competition. Paris Olympics 2024: IOC aiming to include Russian athletes despite Ukrainian president's call for their ban. "The sanctions against the Russian and Belarusian States and Governments are not negotiable. They have been unanimously confirmed by the recent Olympic Summit meeting on 9 December 2022," the IOC. "Now we are undertaking all the efforts to accomplish the mission, offer of the Olympic Movement by having athletes with Russian or Belarusian passports back into the international competitions," Bach said. "I see that the governments, it's their right to express their position," Bach said. "But that they also realize that any kind of boycott would only punish their own athletes and would deprive their people to be proud of their athletes of their Olympic performances." The International Olympic Committee, or IOC, banned the Russian Olympic Committee after the ROC recognized regional organizations from four annexed Ukrainian territories. The Executive Board (EB) of the International Olympic Committee (IOC) has decided that Individual Neutral Athletes (AINs) who have qualified through the existing qualification systems of the International Federations (IFs) on the field of play will be declared eligible to compete at the Olympic Games Paris 2024 in accordance with the the conditions outlined below. Individual Neutral Athletes are athletes with a Russian or Belarusian passport. Athletes from Russia and Belarus will not be allowed to participate in the Paris Olympics opening ceremony, the IOC has said. Moscow said the move "destroyed the Olympic idea.
Russia and Belarus’ Paralympic committees were banned by the International Paralympic Committee (IPC), likely till next fall. The appeals tribunal of the IPC satisfied the appeal of the PKR and confirmed that the decision of the General Assembly of the IPC to suspend the membership of the PKR in the IPC is canceled.
The U.S. Treasury Department has imposed sanctions on individuals associated with the TGR Group, an international network of companies and employees that facilitated sanctions evasion on behalf of the Russian elite. The U.S. Treasury Department alleges that the TGR Group is a sprawling sanctions evasion and money laundering network that works to conceal the illegal activities of its clients.