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
The company promised to stop any new spending not related to the supply of the essential and life-changing medicines and vaccines in Russia, as well as in Belarus. Increased revenue, profit and assets in Russia in 2022 vs 2021. Customs data shows that the latest deliveries were in 2023. Sanofi experiencing serious supply problems from its Russian plant to EU market.
The company is temporarily closing its stores in Russia and suspending investments in the country. There are no statements about its Russian plant. In Russia, the Group has temporarily closed all its own stores and e-commerce sites and suspended all industrial and media investments. In accordance with European and American sanctions, L'Oreal promised to suspend the sales of all products except essential daily products. The share in sales through own websites is minimal. After the suspension, L'Oreal increased cooperation with other sites, including sanctioned ones. The company officially works in Crimea. Advertising expenses were not stopped - all investments were suspended for only 2-3 months. Now everything has been restored and even increased. The delivery of goods through Turkey and Kazakhstan was arranged. L'Oréal announced on November 26, 2023 that its factory in Kaluga, central Russia, within the group, is maintaining its operations in Russia to avoid a takeover by local authorities. L'Oreal rented a new office in the business center "AFI Gallery" in the center of Moscow.
Received revenues in Russia in 2021-2023.
The company decided to continue doing business in Russia, citing the lack of bans from France and the EU. The Bonduelle company, which continues to work in the Russian Federation, supported the Russian military. Scaled back operation in Russia. Manufacturer of canned and frozen vegetables Bonduelle registers a trademark with the name in Cyrillic at Rospatent. The company said that products with the new label will appear “in the near future.”
Still operating in Russia. Lactalis and Savencia maintain their positions in Russia, although they are attracting the attention of local players looking to capitalize on their presence in the market. The Lactalis company, which has been operating in Russia since 2003 and has four production facilities, has attracted the interest of Sergey Bachin, a well-known Russian businessman who heads the Agranta group of companies. Despite this interest, both Lactalis and Savencia have yet to show any intention to abandon their Russian operations, demonstrating their unwavering commitment to the market amid current events. The company's four subsidiaries, producing dairy products under the President, Galbani, Parmalat, and Bely Gorod brands, received a total of 43 billion rubles in revenue in 2023, and profits exceeded 3 billion rubles.
Continues flows to Russian and Ukrainian producers but suspends its project to build a seed factory in Russia. The company also produces sunflower and corn seeds that are critically important for the Russian market. Its revenue in 2023 was 14.4 billion rubles, and its profit was 1.6 billion. The growth compared to 2022 is 2 and 4 times, respectively. This is a colossal pace.
Lesaffre continues its activities. On April 28, 2022, a webinar on how to bake bread will take place in Moscow.
Received revenues in Russia in 2022-2024. Revenues in foreign currency fell slightly in 2023 compared to 2022, mainly due to devaluation, but even increased in rubles. The owners have not changed as of the end of June 2024. Revenue increased in 2024 vs 2023 by more than +30%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue increased in 2024 vs 2023 by more than +30%.
Still operates in Russia. Lactalis and Savencia maintain their positions in Russia, although they are attracting the attention of local players looking to capitalize on their presence in the market. The Lactalis company, which has been operating in Russia since 2003 and has four production facilities, has attracted the interest of Sergey Bachin, a well-known Russian businessman who heads the Agranta group of companies. Despite this interest, both Lactalis and Savencia have yet to show any intention to abandon their Russian operations, demonstrating their unwavering commitment to the market amid current events.
Received revenues in Russia in 2021, there is no any official announcement
Still operating in Russia with increasing sales and profit volumes in 2022 vs 2021.
Promised to suspend new investments/development but continued operations. Scandal as Yves Rocher accused of promoting ethnic superiority of russian women. Yves Rocher has been placed on the sponsors of war list by National Agency on Corruption Prevention (NACP).
No official statement
Continue doing business as usual.
Global textile service company called Elis, seems to be actively operating in the Russian market, but its information is missing from the website. As stated in their recent interim financial statement, Russia is one of their regions.
Continue doing business as usual, increased revenue in 2022 vs 2021. Revenue increased in 2024 vs 2023 by more than +50%.
Continue doing business as usual.
Still operating and actively hiring in Russia
Still selling online in Russia
No official statement
Continue doing business as usual.
Continue to practice in Russia. In 2023, they almost doubled their profits to 820 million rubles.
Continued relations with Russia. Among the "rich" French in Russia, it is worth mentioning the sugar giant Sucden. It has more than 250 thousand hectares of arable land in Russia. And in addition to sugar, it produces wheat, barley, sunflower, peas and corn. According to the results of last year, its net profit increased almost 2.7 times to 3.4 billion rubles. Revenue also increased many times - to 13.6 billion rubles. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue increased in 2024 vs 2023 by more than +30%.
Received revenues in Russia in 2021, there is no any official announcement
Promised to indefinitely suspend new investments in Russia in response to the Russian Federation’s invasion of Ukraine but continued operation. Revenue significantly (by more than +50%) increased in 2024 vs 2023.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
No official statement
Received revenues in Russia in 2022-2024. Revenue increased in 2024 vs 2023 by more than +100%.
French designer, with products being sold in more than 15 locations throughout Russia.
Journalistic investigation proves French retailer supports Russian war effort.
Assystem is acting as a technical advisor to the consortium led by Rosatom in the project to build the first nuclear power plant in Kazakhstan. They developed the methodology for evaluating candidates, conducted technical expertise, quality control, integration of engineering solutions and project management support during the selection process. In addition, Assystem has signed a memorandum with Samruk-Kazyna, the sovereign wealth fund of Kazakhstan, to provide consulting and training to local specialists in preparation for the construction of the nuclear power plant in cooperation with Rosatom.
Stop underwriting new insurance & stop renewals. French insurer AXA supports the main importer of Russian gas into Europe. Despite the war in Ukraine, French giant AXA is still providing insurance cover to Belgium’s Fluxys, which imports into France and Belgium gas held by oligarchs accused of funding Russia’s war effort, according to documents obtained by Disclose and NGO Reclaim Finance.
Since February 24, the company has not commented on the exit from the russian market and continues to sponsor the war in Ukraine.
Sales office in St. Petersburg, 10th largest exporter of Chocolate to Russia, direct shipments continue.
The winery, which is under Pitt's control by a French court decision, continues to sell its wines in Russia. The Russian distributor of Miraval is AST-International Environment, which was previously part of Telman Ismailov's business empire. After the closure of the Cherkizovsky market, Ismailov lost most of his assets, but retained ties to the alcohol business.
Aizel Trudel, the owner of Aizel, which represents Western brands Christian Louboutin and Agent Provocateur in Russia, received a 33.3% stake in the company, which owns 11.7 hectares of land on Rublevskoye Highway in western Moscow. Dmitry Cheremukhin, who in 2019 served as a board member of a company within the state corporation Rostec, remains the majority owner. The partners may build a residential complex of 120,000–140,000 square meters there, which would require up to 50 billion rubles.
Suspended bookings to and from Russia. CMA CGM agreed to exchange its 25% stake in Russia’s Yanino Logistics Park and Moby Dik ocean terminal for an additional 25% stake in Finnish terminal operator Multi Link Terminal. CMA CGM Completes Russia Exit: French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said. But local company "CMA SIGEEM RUS" stil has foreign ownership. Revenue significantly (by more than -50%) decreased in 2024 vs 2023. In November 2025, one of the world's largest container carriers, the French shipping line CMA CGM, will officially resume calls to the port of St. Petersburg, including it in the route of its regular Finland Express (FLX) service.
Suspended Moscow office. French EDF purchased 153 tons of enriched uranium from Russia for its nuclear power plants in 2022.
The FIA has lifted restrictions on the participation of citizens of Russia and Belarus in international motorsports competitions. These provisions were in place since March 2022 as emergency measures in response to Russia's invasion of Ukraine and were reviewed in February 2023, although the FIA never imposed a full ban on these drivers, competitors or officials, who were instead allowed to compete under the "FIA flag". However, a letter published by the FIA's legal department on 13 August stated that the aforementioned previously adopted emergency measures would be lifted.
The French nuclear conglomerate Framatome has so far refused to end its cooperation with Rosatom. Paris approves the building of Russian-led nuclear reactors in Hungary. The French government has approved Framatome's participation in the construction of two new reactors at the Paks power plant, arguing that the nuclear industry is not affected by international sanctions against Russia. French nuclear company Framatome has signed a contract with Rosatom for the joint production of nuclear fuel for water-water power reactors (WWER or VVER).
Promised to suspend new investments and "sharply" reduce activities in Russia. But the company still hasn't left the market and did not reduced its activities. Actively hires employees for positions, including head office. It promises a business trip to Europe, the possibility of relocation in the future.
The 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.
ITER is an international collaboration based in the south of France, with Europe contributing almost half of the cost, with the rest shared equally by China, India, Japan, the Republic of Korea, the Russian Federation and the United States. In May, three members of the centre-right European People’s Party asked what the European Commission planned to do to end Russia’s participation in ITER, noting that the bloc’s recent plan to end its dependence on Russia for nuclear energy (as well as fossil fuels) “is silent on fusion energy.” Moscow cannot be excluded from Europe’s flagship fusion project, EU Energy Commissioner Dan Jorgensen confirmed in response to concerns raised by members of the European Parliament.
Statement condemning Russian invasion of Ukraine (No Russian members expelled)
The French company Marchante supplied the Russian arms company Kurganpribor with various technical products during the war (including fuses for Grad and Smerch MLRS systems). Marchante was not deterred by the fact that Kurganpribor was an official partner of the Kalashnikov Corporation, and that the owner of the Russian company was Sergey Muratov, a senator in the Federation Council Russia’s upper house of parliament. Kurganpribor was blacklisted by the EU only in December – Muratov, however, has been under personal sanctions since last March. This did not interrupt his business relationship with Marchante.
Amtek is a distributor for Motul east of the Moscow region. They list an extensive network of retail outlets selling Motul products and also offer businesses the chance to sell Motul products on their website.
The head of a sensitive company is accused of illegally transferring French know-how to the Chinese and Russians. Between diverted military chips, seized millions of euros and the return of the Russian state, justice is investigating a rare case of foreign intervention and counter-proliferation.
The leader among French suppliers is Optaperiph; it supplied 6 million euros worth of thermal insulation products, valves and other equipment to Russia.
The company has restaurants in Russia.
The Pierre Cardin brand is returning to the Russian market with a new Woman line.
Affiliates still operating in Russia
JSC Information Satellite Systems (ISS) has only been sanctioned by the US, meaning it can freely import switches from the EU that are later used in the microchips of the rockets' onboard control systems. The switches are supplied by French company Radiall S.A.
Viridien, formerly CGG, maintains an active Russian legal entity, ООО “СЖЖ ВОСТОК” / CGG VOSTOK LLC, which is listed in the company’s 2024/2025 corporate structure. Russian registry and financial data indicate that the entity remained active in 2024, reporting RUB 328.8 million in revenue and RUB 83.1 million in profit, with activities linked to geophysical and seismic data services.
Worldline said in a statement: “In line with the recommendations of the European Securities and Market Authority (ESMA) relayed by the French regulator Autorité des Marchés Financiers (AMF), the Group confirms that its business related to Russia is limited, representing only c. 1.5% of its 2021 estimated proforma annual Worldline Group’s revenue on continued operations, mainly from its online acceptance business, operated from outside Russia and allowing domestic consumers to transact online with non-Russian international Merchants.”
The Group’s long-term contracts with Gazprom in 2021 represented approximately 20% of ENGIE’s overall gas sales and consumption worldwide. Should European sanctions affect Russian supplies – ENGIE would comply with such decision at all levels. At the beginning of the fourth quarter of 2022, Engie initiated arbitration proceedings against Gazprom Export LLC, seeking, in particular: recognition of Gazprom Export LLC's failure to fulfill its gas supply obligations under long-term gas supply contracts and payment of penalties, and as well as compensation for damages caused as a result of such non-performance.
Suspending new investments but still operating in Russia.
Boiron frozes investments, stopped advertising campaigns, canceled new product launches and stopped its clinical trial activities in Russia.
The company stops investments in the country, canceling its plans to support the growth of that market. All money flows between its HQ and its Russian subsidiary are interrupted. BlaBlaCar will maintain the current service, but isolate its Russian activity from the rest of the company, and stop all development plans.
According to press, the company suspends new investments/development in Russia. The chief executive of Accor, the French owner of the Orient Express and Novotel hotels, has claimed pulling out of Russia is “not an option” unless he is forced to by more stringent sanctions.
The company has stopped exports to customers in Russia and Belarus and imports from these two countries. All investment projects have been cancelled. Local activities are now operating at a minimum and in autonomous mode to maintain the employment of employees.
Continues serving patients. March 29, 2022 "In line with our relentless commitment to serving patients, we will continue to tackle their healthcare needs regardless of their race, sex, nationality, ethnicity, country of origin, language, or religion. We support global sanctions, and we will take all precautionary measures to comply with them. We have suspended several promotional activities in Russia, including advertising and participation to non-scientific congresses. Additionally, we will not initiate any new clinical trials." Revenue decreased in 2024 vs 2023 by more than -10%.
LVMH temporarily closes its 124 stores in Russia. Suspend all operations in Russia. LVMH said in January 2025 that it was “impossible” to control the final destination of products sold by third-party distributors after a report said the French luxury group’s champagne reached Russia even after it had ceased business there. The Russian division of Louis Vuitton Moёt Hennessy has extended its lease for its office in the Citydel business center on Zemlyanoy Val Street in central Moscow.
Bureau Veritas has downsized its business in Russia in the sectors where the company was previously operating i.e. Marine, Aeronautics and Commodities.
Still selling products to Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Continues business in Russia. In 10 months of 2023, the French Kuhn SAS supplied Russia with seed drills worth $5 million (in the top ten importers). There were also deliveries of cultivators in the amount of $887,000. Shipments were made from France to the Kun Vostok representative office in the Voronezh region. Revenue decreased in 2024 vs 2023 by more than -20%.
Still operating in Russia. “We are providing absolutely no new funding for our operations in Russia, and have stopped all new investment and all financial flows between the group and our Russian subsidiary.
Still selling to Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Suspended new business in Russia and Belarus. Dassault Aviation, the major French aerospace and defense manufacturer known for jet fighters like the Rafale and Mirage, remains indirectly tied to Russia through its long-time board member Henri Édouard Proglio, who also serves as chairman of the audit committee. Despite Dassault officially supplying military equipment to Ukraine, Proglio owns and runs three Russian companies (Henri Proglio Consulting LLC, AP Energy Advisory LLC, Mezhproject LLC) that generated over 600 million rubles in revenue since the start of the war. He continues to travel to Moscow regularly and holds a director position at ABR Management, a firm widely understood to manage assets linked to Russian elites. This creates a potential conflict of interest between Dassault’s public stance and its indirect financial ties to Russian entities.
EssilorLuxottica restricted operations in Russia, continues to provide essential medical vision care services.
That momentary suspension has now been made ultimate. Because the conflict grinds on and the West makes an attempt to additional isolate Russia, Josef Aschbacher, ESA’s director common, introduced on Tuesday that ties on the rover mission had been reduce for good. Refused to collaborate with Roskosmos on the ExoMars mission
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.
Suspend services in Russia & reduce shipments to and from Russia significantly
Still operating in Russia. The French company Orano has lost control over its uranium assets in Niger following the nationalization of Somaïr, a joint venture between Orano and the Nigerien state. The move reflects Niger’s strategic shift away from France and the West toward closer cooperation with Russia and Iran, particularly in the management of critical resources. As a result, Russia may gain potential access to uranium supply chains that were previously under European control. The Somaïr case illustrates how geopolitical realignments in the region are strengthening Russia’s position in strategically sensitive sectors.
The Governor of Sevastopol canceled the state purchase of Citroen cars for officials. French carmaker PSA Peugeot Citroen has decided to build a 200 million euro ($255 million) assembly plant in Russia because of booming demand for foreign cars.
PowerJet, which is registered in France, announced the termination of the contract after the entry into force of EU and US sanctions against Russia, The company stopped supplying spare parts for SaM146, maintenance and repair of engines. In February 2022, the French side stopped the supply of spare parts, technical support and repair of engines, as well as obligations as an engine developer.
Vallourec is a French manufacturer of premium tubular solutions primarily serving the oil and gas sector. The company has a Russian legal entity, ООО “ВАЛЛУРЕК РУС” / ООО “ВР”, INN 7710686926, OGRN 1077759382623, which remains active in Russian registries. However, available financial data indicates zero revenue in 2024 and no sales in 2024–2025.