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
Continue doing business as usual, increased revenue in 2022 vs 2021.
Exports products to Russia.
Coinbase joins Kraken, KuCoin and Coinberry and other crypto exchanges that said they will not block Russian customers from using their platforms. The platforms argue that blocking ordinary citizens runs contrary to their crypto-isn't-tie-to-a-government appeal.
Identified by YouControl as one of TOP companies with foreign shareholders which have been registered in Russia after the invasion to Ukraine was started.
Restricts access to content. But later it appeared that Pornhub is not banned in Russia after Ukraine invasion, the social media posts are false.
Saputo makes business in russia through its argentinian subsidiary Lácteos La Paulina. They export cheese to russia so that they can circumvent sanctions and replace European cheese.
Following suit with Canadian government mandated sanctions, SOTI has ceased new sales and active banking operations in Russia. At the same time, the company not only did not leave the Russian market, its Russian employees received awards as top performers in 2023.
The Russian occupying forces received a new batch of armored vehicles manufactured by the Streit Group. It is currently unclear whether the armored vehicles were purchased directly from the Streit Group or purchased through a third country. However, this company previously sold its machines to various countries and advertised them at international defense exhibitions. The new delivery adds to the number of armored vehicles, which are known to be in service with the Russian army. Streit Group is said to have experience supplying modified armored vehicles to private military contractors such as Wagner Group. In the past, the company cooperated with the Russian military industry, developing "Condor"/VK-Ural armored vehicles for "Wagner" soldiers in conflict zones.
Companies whose components were found inside Shahed-136. GLONASS, GPS ceramic radio frequency antenna manufactured by Tallysman. A Tallysman representative said: “We have been informed, and we agree, that some of our components have been misused in sophisticated military guidance systems in Ukraine. Tallysman has fully complied and will continue to cooperate with all Canadian and international export control agencies and authorities. To the extent possible for a product sold globally, we verify and review end customer identification and intended end use. We are very careful about what products we sell to whom." The navigation of the Shahed-238 is handled by the satellite and inertial systems traditional for these aircraft-missiles. To receive satellite navigation signals, a block of four TW1721 antennas from the Canadian company Tallysman is used.
Continues to operate in Russia. Suspending new investments in Russia.
Spin Master does not have any operations in Russia. Spin Master suspended operations in the country in March 2022 and made the decisions to officially close the Russia office in June 2022. But three months into the war, Spin Master Corp. (best known for PAW Patrol, Bakugan, Kinetic Sand, and Rubik's Cube) is still “watching the situation in Ukraine” without taking a stance against the war and cutting ties with Russia.
Removed Russian products from shelves (approx, 10 products)
Sysco Canada contemplated halting reprocessed Russian-origin seafood.
Banned Russian state supported film organizations, media outlets, cultural ambassadors, and delegations from 2022 festival. Festival will include films from independent Russian filmmakers. Statement condemning Russian invasion of Ukraine. The Toronto International Film Festival (TIFF) has decided to cancel the screening of Russian propagandist Anastasia Trofimova's film Russians at War, which whitewashes Russian soldiers fighting in Ukraine. "The cancellation of the screening of the film "Russians at War" by the former Russia Today documentary filmmaker before the Toronto International Film Festival is the only correct decision." due to the illegal invasion of Russia.
Rosatom is a major producer of uranium and nuclear energy. In addition, the state-owned company plays its role in the war, managing the captured Zaporizhzhya NPP. Through its Dutch subsidiary Uranium One Cooperative, the Russian state-owned company is actively engaged in the production of nuclear raw materials in Kazakhstan and Tanzania. Russia’s Rosatom signs agreement with Bolivia to build lithium plant. Uranium One Group, part of Rosatom, has sold its 49.979% stake in the Zarichne JV to SNURDC Astana Mining Company Limited, the ultimate beneficiary of which is a Chinese company. Kazatomprom's stake in the joint venture has not changed.