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 operating subsidiary in Russia but limited some activities. Revenue increased in 2024 vs 2023 by more than +50%.
Europe's largest producer of alumina, a key raw material for aluminum smelting, has been found to be part of the Russian defense industry's supply chain. Supplies come from the Aughinish plant in Ireland. It is owned by Rusal, whose founder, Oleg Deripaska, is under U.S. and EU sanctions.
Maintains an office and current operations in Moscow.
Ukrainian anti-corruption NGO NAKO found antennas supplied by Taoglas among the debris of Russian bombs. The Irish company said it could not prevent its equipment from being used in Russian glide bombs and drones. Taoglas parts have also been found in Shahed-136 drones, reconnaissance drones and other types of drones. Between 2022 and 2024, Taoglas products worth $752,928.49 (€663,000) were imported into Russia, mainly from suppliers in China, Hong Kong, India and Turkey. Taoglas said it had sold millions of its antennas worldwide and had imposed a ban on direct trade with Russia since the invasion began in 2022.