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
Since 2023, the company has entered the Russian market.
Products are transported to Russia from the Czech Republic by the company Inter Style Plus, which operates as an official representative of leading global manufacturers of machinery and components.
Kargoline was registered a month after the start of the war in Ukraine, when Airbus, Boeing and other parts manufacturers banned Russian airlines. Azamat Alkadyrov, a former middle-ranking Kyrgyz official, became the director and owner. In July 2023, the US imposed sanctions against Kargoline. It follows from the customs data that the Lithuanian Right Direction Aero is not the only company from which the Kyrgyz Kargoline bought spare parts for the supply of the Russian AI Fly. NAZK included the company among the international sponsors of the war.
Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found.
Aiyl Bank has announced the suspension of transfers from Russian cards and accounts opened in Sberbank app starting today and until further notice. The financial institution reported. According to the bank, the temporary restrictions apply to all transfers to accounts and cards of Aiyl Bank clients. However, transfers through Zolotaya Korona and AstraSend money transfer systems are possible as usual. The bank apologizes for the inconvenience caused and hopes for the understanding of its clients.