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").
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.
