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
President at Columbia Shipmanagement ltd: https://www,linkedin,com/in/mark-o-neil-831957142
Ongoing operations. The Ministry of Justice of Ukraine initiated the confiscation of the assets of the company associated with the 1xbet bookmaker. VAKS satisfied the lawsuit of the Ministry of Justice and imposed sanctions on Royal Pay Europe LLC, which is called the wallet of the Russian betting company 1xbet. 1XBet Streams ‘Fake’ Sports from Russia, Ukraine. Almost UAH 1.8 billion confiscated from 1xBet will replenish the budget of Ukraine.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started. Linked with Vladimir Putin's ex-wife Lyudmila who reportedly owns part of one of Russia's biggest microfinance companies.
Collect Group, a Cypriot legal entity consisting of the following subsidiaries: Collect & Pay collectnpay.com – a payment services provider facilitating international transactions. Collect & Exchange collectnexchange.com – a currency exchange and money transfer service. Recently, Collect Group also acquired Capital Pay https://capitalpay.kz/, an acquiring payment company, expanding its financial network. The main concern is that Collect Group’s core business is centered around Russia, including facilitating payments to and from Russia, as well as facilitating the movement of Russian capital around the world. Their operations involve transferring funds from Europe to Kazakhstan and then to Russia, effectively circumventing restrictions on direct financial transactions with Russian entities. Furthermore, while some of the companies they work with remain undisclosed, they are known to be associated with heavy industries, further raising concerns about their role in supporting the Russian economy.
Work on the market of the Russian Federation, users can use and pay for the service on the territory of Russia without any problems, have not published any official reaction to the war.
09.04.2023: Italian officials are reviewing a deal to sell the country's largest oil refinery, owned by Russia's Lukoil, after the US government privately raised concerns about the sale of the fund's facility in Cyprus. The deal was previously expected to be completed by March 31, when in January of this year, Russia's Lukoil agreed to sell its ISAB refinery in Sicily to GOI Energy, a newly formed branch of Cypriot private equity group Argus. However, to close the €1.5 billion deal, Italian officials took extra time to consider important details. It was needed because the US government informally asked Rome to confirm the absence of Russian involvement in GOI Energy. 11.04.2023: Italy gave conditional approval to the sale of the Lukoil-owned refinery (LKOH.MM) in Sicily to Cypriot private equity firm G.O.I. Energy.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Players unfazed by sanctions targeting Russia have jumped into the fray, with newcomers such as Safetrans, Torgmoll, Reel Shipping and OVP Shipping adding ships to the trade.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.