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
Still operating in Russia. In October 2022, another Austrian company of the EGGER group, known for the production of wood products, founded a company in the Ivanovo region of Russia — WOODPRODUCT VOSTOK ASSET MANAGEMENT LLC.
Still operating in Russia.
Received revenues in Russia in 2021, there is no any official announcement
Continue operating plant in Russia. The Austrian food company "Agrana", which continues to work in the Russian Federation, announced negative consequences for itself from the duty-free import of Ukrainian sugar.
Still exporting to Russia
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue increased in 2024 vs 2023 by more than +30%.
Still operating with Russia. Revenue increased in 2024 vs 2023 by more than +100%.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021-2022, there is no any official announcement. BWT, registered name BWT AG, is an Austrian manufacturer of water treatment systems with headquarters in Mondsee. As of today, it is an active player in the development of the Russian economy.
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Received revenues in Russia in 2021, there is no any official announcement
Still operating in Russia
The Austrian company Diamond Aircraft could supply spare parts and engines for its planes to the Russian Federation through China, bypassing sanctions.
The Russian fashion market may leave the distributor Retail Story. Currently, Retail Story has practically only one major brand left in its portfolio — Eterna, an Austrian manufacturer of men's shirts. This brand is little known on the Russian market, says Anna Lebsak-Kleimans, CEO of Fashion Consulting Group. However, sales of Eterna shirts are growing on marketplaces. According to a representative of Wildberries, in the first quarter of 2025, sales of these products increased by 90% year-on-year. At the same time, in absolute figures, the brand's turnover on the platform is small. At the same time, overall sales in the shirt category on the marketplace increased by 40%.
Parts for D500-type engines are sold to Kolomensky Zavod by Switzerland’s Sipavag AG, Lithuania’s D.Kudarauskienes Warehouse, and Austria’s Geislinger GmbH.
The company supplies its productions to its partners in Russia (LLC "NDA Business Medical Company" and LLC "Firma "Finko"). In open sources, there are significant signs of the brand's presence on the Russian market: an active Russian-language version of the L&R website, an L&R page on the Russian partner Finko, a mention of L&R on the NDA website, as well as pages of Russian sellers with L&R products.
According to trade databases, the Austrian PowerLine Automotive GmbH supplies spare parts and raw materials of European production to the Russian LLC "Turbo King" and LLC "NPO "Rostar" (under sanctions of Ukraine). In 2023 alone, the Austrians supplied products worth more than 2.5 million dollars for "Turbo King" and another almost 250 thousand dollars for "NPO "Rostar".
Zinner, like Krupchak, owns Pulp Mill Holding not directly, but through Austrian private funds. Until the fall of 2022, the ownership of the holding was carried out through the Zinner Privatstiftung (literally, "Zinner's Private Foundation"), the beneficiary of which was Krupchak. According to the company's press release, in October 2022, the grounds on which Cypriot citizen Volodymyr Krupchak was recognized as the beneficial owner of Pulp Mill Holding GmbH were terminated. Dr. Heinz Zinner became the sole controlling person of the holding. Pulp Mill Holding is currently owned by another fund, TPCA Paper Industry Holding GmbH, which appears to have been created the day before the ownership change agreement and registered in the same building where Pulp Mill Holding is registered.
A discovery by the Ukrainian military was that the Iranian drone contained a high-end Austrian Rotax 912iS engine, which is used in small civilian aircraft. Manufacturer Rotax immediately denied supplying engines to Iran and launched an investigation.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
It is noted that back in 2012, the company planned to enter the Russian market and for several years analyzed the sales and implementation of its technologies in the Russian Federation. Against the background of these contacts, private companies operating under the name VTA appeared, in particular VTA Eurasia, which positioned itself as the official representative of the Austrian company. An officer of the Russian GRU, associated with a special unit for sabotage operations abroad, visited Austria for years and established contacts with an engineer of VTA Austria GmbH, a company that is part of a global wastewater treatment network. This investigation clarifies the interaction between Russian intelligence and the Austrian company, as well as the context of the use of technologies in countries around the world, including Ukraine.
Red Bull suspended all marketing activities and new investments in Russia. Red Bull has not completed its exit from Russia. Although the company states that it suspended all marketing activities and new investments in Russia in March 2022 and complies with sanctions, there is no public evidence that Red Bull has sold or liquidated its Russian subsidiary. Open-source data indicate that ООО “Ред Булл (Рус)” remains registered in Russia and continues to report significant financial activity. Trade data also suggest continued imports of Red Bull products into the Russian market. Therefore, this should not be treated as a case of “return” to Russia, but rather as evidence of continued economic presence despite a partial suspension of activities.
Selling down existing stocks in Russia
The representative office of Anritz Separation in Moscow continues its activities
The unprecedented situation leads RBI to consider its position in Russia. We are therefore assessing all strategic options for the future of Raiffeisenbank Russia, up to and including a carefully managed exit from Raiffeisenbank in Russia. RBI and its subsidiary banks continue to operate in compliance with local and international sanction laws. The Russian subsidiary of JSC Raiffeisenbank not only officially recognizes the so-called Donetsk and Luhansk "people's republics", but also provides favorable credit terms to the Russian occupiers in Ukraine. Raiffeisen Bank's Russian branch halts opening of new corporate accounts. The National Agency on Corruption Prevention included the Austrian banking group Raiffeisen Bank International in the list of international sponsors of the war for the continuation of the bank's work in Russia and the official recognition of the so-called "DPR" and "LPR". As reported, Raiffeisen paid 4.8 times more to the Russian budget in 2022 than for the entire pre-war year - 559 million euros (~$615million). It should be noted that this is equal to the cost of about 95 Kalibr missiles, with which the terrorist state regularly fires at peaceful Ukrainian cities. In addition, the bank plays along with Russian propaganda, calling the war a "special military operation". Raiffeisen Bank boosts pay for Russian staff by €200mn. Austria's RBI says Russian spin-off unlikely in 2023. Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia. The National Agency on Corruption Prevention (NACP) temporarily excluded the Austrian Raiffeisen Bank from the list of companies sponsoring Russia's war before consultations (but returned it back later). Ukraine refuses to take Raiffeisen off Russia war blacklist. Raiffeisen Bank trumpets Russia growth plans in dozens of job ads. The head of Raiffeisen Bank International (RBI), Johan Strobl, said that in the third quarter of 2024, the banking group will begin to comply with the order of the European Central Bank (ECB) to significantly reduce business in Russia. Raiffeisen ceases all outgoing dollar payments from Russia due to US pressure. A Russian court has issued a preliminary injunction, by which shares of AO Raiffeisenbank are subject to a transfer ban with immediate effect. Raiffeisen Bank International AG (“RBI”) is the 100% shareholder of AO Raiffeisenbank. Court refuses to lift arrest on Raiffeisenbank shares. A Russian court on 05.12.2024 rejected an appeal by Raiffeisen Bank International (RBIV.VI), opens a new tab, against the freezing of shares of its local unit in a lawsuit filed by Russian investment company Rasperia, court documents showed. Raiffeisen’s Russian unit received more than 62 million rubles ($620,000) in fees for its services from one Russian chemical company in 2024, bank statements and other documents show. That firm supplied a sanctioned company with ingredients needed for producing military systems, according to the statements. Raiffeisen Bank International, the largest western bank still doing business in Russia, has halted attempts to sell its unit in the country amid a rapprochement between Washington and Moscow. Austrian banking group Raiffeisen Bank International (RBI) has denied reports that the sale of its Russian subsidiary has been suspended. This was reported by the company's press service. Raiffeisen Bank International AG has lost an appeal against a court ruling that ordered it to pay more than 2 billion euros ($2.3 billion) in damages to a company formerly owned by sanctioned Russian billionaire Oleg Deripaska. The EU is preparing to lift sanctions on assets linked to Russian oligarch Oleg Deripaska to compensate Austria's Raiffeisen Bank International for losses incurred for payments made in Russia.
Reduced production. Revenue decreased in 2024 vs 2023 by more than -20%.
Still operating in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.
In 2024, the Austrian firm SAATBAU GENETIK GmbH, a subsidiary of SAATBAU LINZ eGen, specializing in plant breeding and seed production, founded three companies. This company is also a member of SAATBAU PROBSTDORFER UKRAINE LLC. Revenue decreased in 2024 vs 2023 by more than -10%.
Promised to limit deliveries to Russia sales subsidiary. But in 10 months of 2023, the manufacturer PÖTTINGER Deutschland GmbH (Germany) sold seed drills to Russia worth $3.7 million (in the top ten suppliers). A. PÖTTINGER, spol. s.r.o. (Czech Republic) supplied disc harrows and cultivators. In all cases, the supply was made to the Pöttinger subsidiary registered in Moscow. Revenue decreased in 2024 vs 2023 by more than -10%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.
Suspend unspecified new business in Russia for time being. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
The company is very important to the transportation industry of Russia. Has 2 legal entities (were recently renamed to hide relations with Doppelmayr) which reduced volumes but continued import in 2022. Customs data shows that the latest deliveries were in September 2022. 06.2024: Internal transfer. The entry about the founder of ROPETRANS INTERNATIONAL GMBH was removed from the Unified State Register of Legal Entities. DOPPELMAYR INTERNATIONAL GMBH becomes the new founder of the organization. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.
The company continues to work in the Russian Federation, has a factory in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.
The company continues to operate in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Continued operations with Russia. Distribution partner in Russia - Trading company INAGRO (later stopped relations).
No new business; continue servicing fire engine pumps in Russian JV
Vienna's main energy company said on Friday it will stop using Russian natural gas in 2025, as Austria steps up efforts to reduce its dependence on Russian energy supplies after Moscow's 2022 invasion of Ukraine. Wien Energie said that customers, power plants and district heating will be fully supplied with non-Russian gas and that the procurement for 2025 was completed in the last few days. with the help of decisive measures," added Hanke.