Stop Doing
Business with Russia

Discontinued a number of its cigarette products and reduced manufacturing activity. Suspended marketing activities in the country. The company was working on options to exit the Russian market in an orderly manner. Philip Morris planned to leave Russia by the end of 2022 but later admits it may never sell its Russian business. NACP included Philip Morris International in the list of international sponsors of the war.

Promised to suspend investments, marketing and launch of new products. The company not excluded the possibility of a suspension of its manufacturing operations in Russia. But is still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$1.5bn or +26%). NACP included Japan Tobacco International in the list of international sponsors of the war. The Director of Corporate Affairs and Communications at Japan Tobacco International (JTI), Sergei Glushkov, informed journalists that the company has decided to maintain its business operations in Russia. According to him, JTI does not want to 'deprive consumers of the products they are accustomed to,' despite 'events of two years ago.

Chery is ready to organize the release of its cars in Russia. The Chinese car concern can start assembly at another Sollers plant or buy out the assembly facilities. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month. Significantly increased revenue in 2023 vs 2022 (more than 3x! times). The ex-Mercedes plant in Yesipovo near Moscow, which was transferred to Avtodom, will assemble premium cars from the Chery concern under a contract assembly agreement.

The company announced the suspension of the sale of Pepsi-Cola, 7Up and Mirinda (replacing them with Evervess and Frustyle). The company continued to produce other products in Russia. It also suspends capital investments and all advertising and promotional activities in Russia. In September 2022 PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. For 11 months, from the beginnig of the war, the company has not taken any visible steps to exit and continues to sell chips and dairy products in Russia. Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$223mn or +5%). Profit volumes also significantly increased in 2022 vs 2021. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war. SAS is taking swift action and have already announced a boycott of Pepsi products due to their continued business in russia and financially fueling Russia's war. In 2024, the American company PepsiCo started the operation of the first phase of the factory of snacks and salty snacks in Russia, near Novosibirsk. Despite the war, the company has been operating in Russia for over 60 years, and opened a new plant with a production capacity of 60,000 tons per year.

Haval Motor remained on the Russian market. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month. Significantly (more than 3x! times) increased revenue in 2023 vs 2022.

The unprecedented situation leads RBI to consider its position in Russia. We are therefore assessing all strategic options for the future of Raiffeisenbank Russia, up to and including a carefully managed exit from Raiffeisenbank in Russia. RBI and its subsidiary banks continue to operate in compliance with local and international sanction laws. The Russian subsidiary of JSC Raiffeisenbank not only officially recognizes the so-called Donetsk and Luhansk "people's republics", but also provides favorable credit terms to the Russian occupiers in Ukraine. Raiffeisen Bank's Russian branch halts opening of new corporate accounts. The National Agency on Corruption Prevention included the Austrian banking group Raiffeisen Bank International in the list of international sponsors of the war for the continuation of the bank's work in Russia and the official recognition of the so-called "DPR" and "LPR". As reported, Raiffeisen paid 4.8 times more to the Russian budget in 2022 than for the entire pre-war year - 559 million euros (~$615million). It should be noted that this is equal to the cost of about 95 Kalibr missiles, with which the terrorist state regularly fires at peaceful Ukrainian cities. In addition, the bank plays along with Russian propaganda, calling the war a "special military operation". Raiffeisen Bank boosts pay for Russian staff by €200mn. Austria's RBI says Russian spin-off unlikely in 2023. Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia. The National Agency on Corruption Prevention (NACP) temporarily excluded the Austrian Raiffeisen Bank from the list of companies sponsoring Russia's war before consultations (but returned it back later). Ukraine refuses to take Raiffeisen off Russia war blacklist. Raiffeisen Bank trumpets Russia growth plans in dozens of job ads. The head of Raiffeisen Bank International (RBI), Johan Strobl, said that in the third quarter of 2024, the banking group will begin to comply with the order of the European Central Bank (ECB) to significantly reduce business in Russia. Raiffeisen ceases all outgoing dollar payments from Russia due to US pressure. A Russian court has issued a preliminary injunction, by which shares of AO Raiffeisenbank are subject to a transfer ban with immediate effect. Raiffeisen Bank International AG (“RBI”) is the 100% shareholder of AO Raiffeisenbank. Court refuses to lift arrest on Raiffeisenbank shares. A Russian court on 05.12.2024 rejected an appeal by Raiffeisen Bank International (RBIV.VI), opens a new tab, against the freezing of shares of its local unit in a lawsuit filed by Russian investment company Rasperia, court documents showed. Raiffeisen’s Russian unit received more than 62 million rubles ($620,000) in fees for its services from one Russian chemical company in 2024, bank statements and other documents show. That firm supplied a sanctioned company with ingredients needed for producing military systems, according to the statements. Raiffeisen Bank International, the largest western bank still doing business in Russia, has halted attempts to sell its unit in the country amid a rapprochement between Washington and Moscow. Austrian banking group Raiffeisen Bank International (RBI) has denied reports that the sale of its Russian subsidiary has been suspended. This was reported by the company's press service. Raiffeisen Bank International AG has lost an appeal against a court ruling that ordered it to pay more than 2 billion euros ($2.3 billion) in damages to a company formerly owned by sanctioned Russian billionaire Oleg Deripaska.

The company promised to scale back the business and will refocus in feeding the Russian people and pets. "Any profits from the Russian business will be used for humanitarian causes. The company will not import or export the products. Factories and sales still operating in Russia". Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$432mn or +20%). Mars last year announced the suspension of operations in Russia. However, some factories of the company continue to produce chocolate and other products. The Prosecutor's Office of the Moscow Region is investigating the Mars company due to possible financing of the Ukrainian Armed Forces. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war. Mars and Mondelez to raise prices on sweets in Russia.

The company is suspending KitKat and Nesquik, among other brands. It halted non-essential imports and exports into and out of Russia, stopped advertising, and suspended all capital investment in the country. Nestle doesn't expect to make a profit in the country or pay any related taxes for the foreseeable future in Russia, any profit will be donated to humanitarian relief organizations. On January 26, 2024 the Swiss company Nestle (brands Pro Plan, Purina One, Gourmet, Darling, Felix) warned suppliers about another increase in prices for cat and dog food starting in February.

The company keeps doing business in Russia as usual. The CEO of the Metro supermarket chain confirmed plans to continue business in Russia. The National Agency for Prevention of Corruption included Metro AG in the list of international war sponsors. Metro emphasized that they are maintaining operational activities in the country. The press service added that the priorities for 2023 are the strengthening of strategic business, expansion of the assortment, services and further digitalization. In addition, it is planned to "expand the geography of presence by opening stores under the "Fasol" franchise in new regions for the company." Slightly decreased revenue in 2023 vs 2022.

Geely initially has suspended shipments of cars to dealers in Russia. But later, the head of Chinese car conglomerate Geely has defended a decision by the Geely auto brand to increase car sales in Russia after global rivals pulled out of the market following Vladimir Putin’s invasion of Ukraine. The Chinese car manufacturer Geely was included in the list of international sponsors of the war by NACP. Significantly increased revenue in 2023 vs 2022 (more than 2.4x! times).

China's Great Wall Motor posts profit surge on Russia business. NACP included the Chinese car manufacturer Great Wall in the list of sponsors of the war. Significantly (2x! times) increased revenue in 2023 vs 2022.

Still operating in Russia. The German owner of the Globus group, Matthias Bruch, previously explained the company's stay in Russia by the need to take into account almost 10,000 Russian employees, as well as customers of large stores, for whom he wants to "preserve access to food products."

Haier itself has no plans to leave the Russian market. In the summer of 2022, Haier announced plans to expand the production of household appliances in Naberezhnye Chelny. The brand's fourth factory will be built here. The Chinese manufacturer of household appliances Haier intends to liquidate the factory of Candy household appliances in Kirov. Significantly increased revenue in 2023 vs 2022 (more than 1.5x! times).

The company discontinued all new capital investments in Russia and is suspending all media, advertising, and promotional activity. Product portfolio has been reduced to focus on basic health, hygiene and personal care items. Procter & Gamble Corporation was included in list of international war sponsors by the National Agency for Prevention of Corruption (NAPC) due to continuing presence in Russia. Received revenues in Russia in 2021-2023.

Remains silent on whether they will continue operations. Revenue in Russia has grown. The Chinese manufacturer of limousines for Communist Party leaders Hongqi (pronounced “Huntsy” and translated as “red banner”), which supplies the most expensive cars to Russia (maximum price 19 million rubles), intends to increase sales from 3,300 cars in 2023 to 12,000 in 2024. Significantly increased revenue in 2023 vs 2022.

Ant Yapi holding operates in four countries - Russia, Turkey, Great Britain and the USA, earning most of its revenue in Russia. The group's companies took part in the construction of the Capital City and OKO towers in Moscow City, the Capital Towers residential complex and Terminal 2 at Domodedovo Airport. Increased revenue in 2023 vs 2022.

Changan remained on the Russian market. The Changan brand has reduced its model range presented in the Russian Federation from 17 to 14 cars. Crossovers CS35 Plus, CS55 and CS75 FL will cease to be sold in the country. The press service of the company explained that they will be replaced a little later by the next generations of updated cars. However, experts emphasize that the CS35 Plus crossover, which will no longer be sold in the country, was one of the most popular among Russians.

Initially, the company promised to scale back all non-essential activities in Russia, discontinue all new capital investments and suspends advertising media spending. But later they announced: "We continue to evaluate the situation in Ukraine and Russia and our ability to control our operating activities and businesses on an ongoing basis, and we continue to consolidate both our Ukrainian and Russian subsidiaries. During the first quarter of 2022, Ukraine generated 0.3% and Russia generated 2.4% of consolidated net revenue and during the first quarter of 2023, Ukraine generated 0.4% and Russia generated 2.8% of consolidated net revenue". Significantly increased revenue in Russia from $1.016bn in 2021 to $1.463bn in 2022. Was included in the list of international war sponsors by NACP.

The company promised to stop new investments in Russia. It is continuing to work in Russia, and are taking all required measures to ensure an uninterrupted supply of medicines. Despite the statements of international pharmaceutical companies about the suspension of new tests in Russia after the start of military operations in Ukraine, the British-Swedish AstraZeneca will conduct a study of a new drug for the prevention of COVID-19 in the Russian Federation, which is necessary before its registration. AstraZeneca has spent about £45 million to pay Russian doctors since Moscow invaded and its chief said ‘medicines are never under sanctions’.

BelAZ-Holding includes eight enterprises, and its products are exported to 80+ countries around the world, including to Russia. Increased revenue in 2023 vs 2022.

The largest assets represented in Russia are the dairy product manufacturer Savushkin Product (brands Savushkin, Brest-Litovsk, Teos, Sveza and others), food manufacturer, primarily seafood, Santa Bremor (brands Santa Bremor, “Russian Sea”, “Mathias” and others) and the retail chain “Santa Retail” (more than 300 stores in Belarus). Increased revenue in 2023 vs 2022.

In 2022, the Turkish holding purchased the Russian assets of the American corporation Whirlpool (Whirlpool, Hotpoint and Indesit brands), including production in Lipetsk for the production of refrigerators and washing machines, for €220 million. Significantly increased revenue in 2023 vs 2022.

The company promised to stop any new spending not related to the supply of the essential and life-changing medicines and vaccines in Russia, as well as in Belarus. Increased revenue, profit and assets in Russia in 2022 vs 2021. Customs data shows that the latest deliveries were in 2023. Sanofi experiencing serious supply problems from its Russian plant to EU market.

Initially promised to suspend investment and technology deployment to its Russia operations. But the company increased its market share in Russia and is expanding. The National Agency for the Prevention of Corruption (NACP) has included the leading global oil company SLB (formerly Schlumberger), headquartered in the USA, on the list of international sponsors of the war. On July 14, 2023 SLB announced that it is halting shipments of products and technology into Russia from all SLB facilities worldwide in response to the continued expansion of international sanctions. SLB-based oilfield services provider SLB has said it has no current plans to end its operations in Russia despite the ongoing conflict with Ukraine and resulting Western pressure. The world's largest oilfield services company SLB is expanding in Russia after its main Western competitors exited the market in the wake of a full-scale invasion of Ukraine.

As of 8th of March stopped placing orders for concentrate in Russia and ceased investments in the market, not clear whether they leave or not. Stopped all production and sales of brands of The Coca-Cola Company in Russia, renamed company to Multon Partners, will focus on the production and sale of existing local brands; intend to have a much smaller operation in Russia. The Swiss-Greek Coca-Cola HBC, despite the promise to support the implementation of the decision of the American Coca-Cola Company and statements in support of Ukraine, is leaving Russia and not gathering. But she lost the opportunity to bottle and sell drinks under the Coca-Cola brand - at least legally. In August 2022, Coca-Cola HBC announced that it had sold the last old stocks of original Coca-Cola and would now develop its Russian business "on a much smaller scale" under the new name - "Multon Partners" (that was the name of the Russian juice company, which Coca- Cola HBC bought in 2005). "Multon Partners" will focus on the production and sale of local brands "Dobry", Rich and "My Family", it was said in the release - and it was emphasized that the raw materials will be exclusively local, that is, The Coca-Cola Company will not supply concentrates for beverages. Coca-Cola is preparing to return to Russia: The company is already discussing a strategy for working with domestic competitors and combating parallel imports.

The Swiss-Greek Coca-Cola HBC, despite the promise to support the implementation of the decision of the American Coca-Cola Company and statements in support of Ukraine, is leaving Russia and not gathering. But she lost the opportunity to bottle and sell drinks under the Coca-Cola brand - at least legally. In August 2022, Coca-Cola HBC announced that it had sold the last old stocks of original Coca-Cola and would now develop its Russian business "on a much smaller scale" under the new name - "Multon Partners" (that was the name of the Russian juice company, which Coca- Cola HBC bought in 2005). "Multon Partners" will focus on the production and sale of local brands "Dobry", Rich and "My Family", it was said in the release - and it was emphasized that the raw materials will be exclusively local, that is, The Coca-Cola Company will not supply concentrates for beverages.

US imposes sanctions against Belavia and four other Belarusian companies (including Byelorussian Steel Works). Was identified by Forbes.ru in the rating of 50 largest foreign companies in Russia - 2024.

CP Foods is one of the top 10 producers of broiler meat and pork meat in Russia. Thai CP Foods (#44) is a major investor in Russian agriculture. In 2015, the holding bought the company Severnaya Poultry for $680 million, and in 2021 - the Don agricultural producer of pork for 22 billion rubles.

Pause all new capital investments, media advertising and other promotions; pause new clinical trials and enrollment of new patients. Received revenues in Russia in 2021-2023.

Received revenues in Russia in 2021-2023.

The company is temporarily closing its stores in Russia and suspending investments in the country. There are no statements about its Russian plant. In Russia, the Group has temporarily closed all its own stores and e-commerce sites and suspended all industrial and media investments. In accordance with European and American sanctions, L'Oreal promised to suspend the sales of all products except essential daily products. The share in sales through own websites is minimal. After the suspension, L'Oreal increased cooperation with other sites, including sanctioned ones. The company officially works in Crimea. Advertising expenses were not stopped - all investments were suspended for only 2-3 months. Now everything has been restored and even increased. The delivery of goods through Turkey and Kazakhstan was arranged. L'Oréal announced on November 26, 2023 that its factory in Kaluga, central Russia, within the group, is maintaining its operations in Russia to avoid a takeover by local authorities. L'Oreal rented a new office in the business center "AFI Gallery" in the center of Moscow.

Initially suspended operations in Russia. The company's statement regarding Ukraine contained the following sentence: "we have decided to temporarily suspend all non-essential activities and development plans in Russia, like most other food companies" later this part of the statement was revised to "All non-essential activities and development plans in Russia remain on hold ”, avoiding comparison with “other food companies”. The vast majority of exports are direct. Comparing total exports for the year beginning March 1, 2022 versus a year earlier by value, the growth is 33% ($120 million vs. $90 million). The 33% increase in value was not enough to maintain the market share of exported chocolate: it fell from 18.2% to 16.9%.

Still operating in Russia. Significantly increased revenue in 2023 vs 2022.

Still operating in Russia. One of the main players in the plant protection products market.

Still operating in Russia. Paid $42 mn of taxes in 2022.

Was identified by Forbes.ru in the rating of 50 largest foreign companies in Russia - 2024. Significantly (+97%) increased revenue in 2023 vs 2022.

The company, whose ties to Russia had exacerbated its financial difficulties after the Kremlin’s invasion of Ukraine, is restructuring its debt for the second time in less than a year. Hilding Anders, which owns a 73% equity stake in Russian bed manufacturer Askona Group (through the Cypris-based company HAILCROFT LIMITED), hasn’t been receiving dividends from the unit as it was ring-fenced from the rest of the group amid sanctions-related red tape. Hilding Anders AB still has major Russian operations is a key supplier of beds for IKEA. "At that time, Hilding Anders also acquired a prestigious customer in the form of the current large network of IKEA stores. The two Swedish companies began a cooperation, which has lasted to this day." (https://www.curem.pl/en/o-curem). "The group includes major retailers such as Ikea, Otto and Amazon as significant customers." (https://www.prnewswire.co.uk/news-releases/hilding-anders-a-kkr-portfolio-company-appoints-jason-forbes-as-president-of-online-brands-and-global-chief-digital-officer-838142990.html).

JAC Motors remained on the Russian market. There are already eight brands from China in the top ten best-selling new cars in Russia at the end of 2023. Or even nine - depending on how you consider Moskvich: it is produced in Moscow and is considered Russian, but copies of Chinese JAC JS crossovers come off the assembly line under this name. Each of the top three Chinese brands in sales - Haval, Geely and Chery - sells more than 10,000 cars per month.

Received revenues in Russia in 2021-2023.

Prpmised to suspend investments but continues sales and plant operations in Russia. Received revenues in Russia in 2021-2023.

Azerbaijan's SOCAR halts Russian crude supplies to Turkish refinery. Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again. 28.09.2023: The secondary legal entity (LLC "CHERNOMORSERVIS") was liquidated but the key one (LLC "SOCAR RUS") is doing business as usual. At the end of August 2024, Russia (Gazprom) and Azerbaijan (SOCAR) agreed to develop gas cooperation and expand strategic partnership, but specific projects have not been announced yet. Among the public procurement tenders, the company has such customers as the Russian Guard and Russian military units. Slovakia's Slovensky Plynarensky Priemysel (SPP) is in talks with Azerbaijan's state oil company SOCAR on gas purchases.

The Russian subsidiary is operating in compliance with the international sanctions. The company is winding down corporate lending. OTP Bank Plc. does not provide financing to its subsidiary in Russia (not verified + reinvesting profit is also a financing). OTP Bank has suspended transfers in US dollars. But the bank offers to convert dollars into euros for the transfer. The National Agency for the Prevention of Corruption (NACP) added the Hungarian OTP Bank to the list of war sponsors. At the end of September 2023 NACP suspended OTP Bank from the list of international sponsors of war while negotiations are underway. OTP Bank is in communication with the national agency and the European Commission in the process of implementing the exit plan from the Russian Federation. The subsidiary bank of the Hungarian OTP in Russia has increased profits by 150 times and is expanding its business. Russian companies have begun to move en masse to the Hungarian OTP Bank from the Austrian Raiffeisenbank after the latter introduced new restrictions on currency transfers on September 2, 2024. Hungary's biggest bank, OTP Bank, boosted its business with Russia last year, helping to bolster its profits, as rival European lenders came under increasing pressure to pare back their ties with Moscow due to its war in Ukraine.

Still operating in Russia through subsidiaries. Only 1 out of 5 companies was sold, and the owner was also from the Netherlands, could be internal transfer. 05.2023: TRAKYA INVESTMENT B.V. LIMITED CLOSED JOINT STOCK COMPANY becomes the new founder of the organization (JSC "SISEСAM AUTOMOTIVE RUS"). NACP included the Turkish glass manufacturer Sisecam in the list of international sponsors of the war.

5,3% of revenue from Russia or approx, $500MM. Westinghouse will supply nuclear fuel for Russian-designed reactors in Slovakia.

Appears to still operate in Russia. Received revenues in Russia in 2021-2023.

Teva in Russia is working in its standard operating mode

No official statement

The company has a subsidiary in Russia and also, before the war has started, Ehrmann expanded in Russia by acquiring FrieslandCampina’s dairy business. Continue sales in Russia but promised to suspend new investments.

Continues to build Vladivostok highway in March 2022. The state-owned Chinese Railway Construction Corporation (CRCC) is ready to ensure the implementation of railway and automobile construction projects in the Crimean region.

LG Electronics is suspending all shipments to Russia and will continue to keep a close watch on the situation as it unfolds. The management of the South Korean LG is discussing the possibility of closing the plant in Russia (it produces refrigerators, washing machines and televisions) and transferring production to Uzbekistan at the Artel facility. The Polish plant of the South Korean LG began to install Smart TV software adapted for the Russian market on the TVs it produces. Russian online cinemas are pre-installed on the devices supplied by parallel import and there is support for the voice assistant "Alice". Significantly decreased revenue in 2023 vs 2022. Home appliance manufacturer LG has relaunched its application for viewing LG Channels TV channels in Russia. Previously, the Ukrainian Megogo was responsible for developing the application of the South Korean brand, but after February 2022 the company stopped supporting it in the Russian Federation. The new application was presented by the LG development center in St. Petersburg. This is not the first time that a Korean company has shown interest in the Russian market, to which it has not officially supplied products for three years. According to Russian media reports on September 12, 2024, LG, which has withdrawn from the Russian market, has recently applied to register a trademark for cosmetics in Russia. LG Electronics Inc. has resumed work at its home appliance plant in Russia amid prospects for a ceasefire between Russia and Ukraine, marking the return of South Korean companies to the market after nearly three years.

Continuing business operations in Russia (4 locations). Canceled €200 million expansion investment. The Rockwool company earned millions of Krons on orders from the Russian Ministry of Defense. Among other things, Rockwool products are part of a warship that participated in the war against Ukraine last year. An official partner and distributor of Rockwool supplied materials to the Russian Navy for use in the construction of three advanced frigates. Still, the Danish stone wool giant vehemently denies having any customer relationship with Russia’s military. Since the annexation of Crimea in 2014, Rockwool has systematically sold ship insulation that has ended up in at least 31 vessels in the Russian navy. Ukraine’s anti-corruption agency has branded Danish insulation giant Rockwool an “international sponsor of war” for continuing to supply its construction materials via intermediaries to various Russian state institutions, including the Ministry of Defense.

Received revenues in Russia in 2022.

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.

No official statement

(Office in Russia)

Despite the initial threats, the listed web services remain operational and available in Russia, such as YouTube, Wikipedia, Telegram and Zoom. The authorities will spend 1 billion rubles to replace Telegram for officials. Telegram filed a protocol for refusing to localize data. Messenger faces a fine of 6 to 18 million rubles. Telegram was fined 4 million rubles. for refusing to delete content prohibited in the Russian Federation. Tech giants Google, Meta, TikTok, and Telegram settle Russian fines.

London-listed information technology firm Softline said, it would sell its Russian business to its founder Igor Borovikov or an entity controlled by him. Softline system integrator is negotiating the purchase of Forward Leasing (Forward Leasing LLC), which provides a “subscription” service for smartphones and other user devices, including laptops, in the leasing format – a buyout with a low monthly payment and the ability to exchange a device for a new one. until the entire amount is paid. 08.2023: Authorized capital increased from 100,000 rubles to 120,000 rubles | Kichko Dmitry Vladimirovich becomes the new founder of the organization. Russian part of the group was sold to the ZPIF of Tethys Capital Management Company. The government subcommittee did not approve the deal for the acquisition of a stake in Mosbirzha by the Softline group of companies from the European Bank for Reconstruction and Development (EBRD). Russian software firm Softline expects to grow 36% in 2025.

Business as usual

No official statement

Will continue to supply essential medicines, vaccines, medical devices, and equipment in Russia. Halted clinical trials, advertising, and promotion. Russian sales proceeds to go to humanitarian aid (no manufacturing and little raw materia/suply chain reliance). Still operating in Russia with increasing sales and profit volumes in 2022 vs 2021. After the start of Russia's war against Ukraine, the volume of product exports to Russia increased.

Promised to suspend all further investments. Heidelberg Materials as a global company strongly condemns this war against the Ukrainian people. "We fully support all sanctions on Russia and immediately stopped all investments almost one year ago. We operate a pure local business in Russia, on a limited scale and only for local needs. We ensure that our reduced activities in Russia are fully compliant with international and other laws as well as with international human rights standards." Increased revenue in 2022 vs 2021. Heidelberg's website until summer 2023 contained information of their plants and terminals in Kaliningrad and Murmansk. Company produces concrete, which could be important for military industry as well.

Suspend capital investment. Barry Callebaut, which also has three factories in Russia. The company claims to provide essential goods, "chocolate is part of the daily diet of many". It has a certain sound of "Qu'ils mangent de la brioche" (even if the saying predates Marie Antoinette). If we compare total exports for the year starting March 1, 2022, with the year before, the value has more than doubled ($70.9 million vs. $29 million), or 145% to be exact. The Swiss chocolate manufacturer Barry Callebaut is included in the list of sponsors of the war in Ukraine. As NAZK emphasizes, Barry Callebaut remained working in Russia, using manipulative statements about the supply of primary necessities to the Russian Federation and asserting that "chocolate is part of the daily diet of many".

Promised to suspend new investments and technology-deployments in Russia. Halted all shipments (no joint ventures or partners in Russia). The Russian branch of the international oil service company Weatherford intends to continue to fulfill existing contracts and conclude new agreements with customers. This follows from the reports of Weatherford's Russian structures, including "Weatherford" LLC, which accounts for the bulk of the company's revenues in the Russian Federation.

Still operating in Russia

Kinross divests Russian assets to Highland Gold at half the set amount. Highland Gold structures of Vladislav Sviblov can increase investments in gold mining in the Trans-Baikal Territory. This follows from the draft government decree published by the Ministry of Eastern Development in June, which provides for the expansion of the area of ​​the Transbaikalia ASEZ for potential residents. Thus, it follows from the draft resolution that Talatuiskoye LLC, a member of Highland Gold, plans to implement a project from 2024 to 2042 to develop the Darasun deposit and build a gold extraction plant with a capacity of 200 thousand tons of ore per year.

The company's plants are located in America and Europe. The plant in Yelabuga has become the second in Russia after the plant in Nizhny Novgorod. Revenue and profiit significantly increased in 2022 vs 2021.

No official statement

Still working with dealers and has its own entity in Russia.

Still operating in Russia and significantly increased profit and revenue in Russia in 2022 vs 2021. Promised to stop all new investments, all promotional and advertising activities. Only basic activities continue to maintain the employment of ~1,500 staff. Perfetti Van Melle as a Group is donating 2 million euros to the International Red Cross (International Federation of the Red Cross) as a contribution to its ongoing commitment to providing support to victims, refugees, families and especially children.

Will continue to trade in Russia, Vostochnaya Technika, the official Caterpillar dealer in some parts of Russia

Have decided to suspend any investment in Russia as well as commercial marketing activities. The company did not stop working in Russia. The Russian website is working. In October 2023, the general director was changed. Staff are being recruited.

Continue to supply patients, not for fianacial reasons

Reported to suspend operations in Russia but in July 2022, Xiaomi and its sub-brand POCO combined accounted for 42% of the Russian smartphone market, ranking first in terms of sales volume. Xiaomi Corporation, the leader in the sale of smartphones in the Russian Federation, was included in the list of international sponsors by NACP of the war but the company is "strongly against the accusation from the Ukrainian National Agency on Corruption Prevention (NACP) that we are "International sponsor of war". We don't support any war actions. We fully embrace world peace. Our mission is to let everyone in the world enjoy a better life through innovative technologies". Xiaomi Corporation has applied to the Federal Service for Intellectual Property (FIPS) to register a new product. According to the document, if the application is approved, the company will be able to produce and sell beer, chocolate, fruit and other products.

The company decided to continue doing business in Russia, citing the lack of bans from France and the EU. The Bonduelle company, which continues to work in the Russian Federation, supported the Russian military. Scaled back operation in Russia. Manufacturer of canned and frozen vegetables Bonduelle registers a trademark with the name in Cyrillic at Rospatent. The company said that products with the new label will appear “in the near future.”

Still operating in Russia. Lactalis and Savencia maintain their positions in Russia, although they are attracting the attention of local players looking to capitalize on their presence in the market. The Lactalis company, which has been operating in Russia since 2003 and has four production facilities, has attracted the interest of Sergey Bachin, a well-known Russian businessman who heads the Agranta group of companies. Despite this interest, both Lactalis and Savencia have yet to show any intention to abandon their Russian operations, demonstrating their unwavering commitment to the market amid current events. The company's four subsidiaries, producing dairy products under the President, Galbani, Parmalat, and Bely Gorod brands, received a total of 43 billion rubles in revenue in 2023, and profits exceeded 3 billion rubles.

Promised to suspend exports to Russia & halt investments but sales are ongoing at full range, official statement is misleading and total lie. Website https://www.karcher.ru/ru/ appears to be fully functional to buy Kärcher products in Russia.

ECCO holds off investments in Russia. Importgenius: The company exported to Russia (to "EKKO-ROS" LLC).

Initially ceased financing of deals involving Russian commodities. The largest Chinese state banks - Bank of China, ICBC, China Construction Bank - refuse to accept payments from banks from the Russian Federation that have come under sanctions. There are four banks with Chinese capital operating in Russia. The two largest Russian banks owned by Chinese credit organizations are Bank of China (101.5 billion rubles of assets as of January 1, 2022) and ICSIB Bank (93.8 billion rubles of assets). They belong to the largest financial groups of the PRC — Bank of China and Industrial and Commercial Bank of China (ICBC), respectively. Their Russian "daughters" increased their assets several times in 2022, and the profit - tens of times. Bank of China restricts Russian transfers of yuan to E.U., U.S. Bank of China (BoC) significantly increases its capital, assets and Net profit in Russia in 2022 vs 2021. The Central Bank has set individual values for capital adequacy ratios for two Chinese banks, which are 1.5-3 percentage points lower than the minimum required in the Russian Federation. Without waiting for the expiration of its license, Bank of China, one of the largest Chinese banks, which acted as a clearing agent, that is, de facto carried out all yuan transactions, refused to work with the Moscow Exchange.

Continue doing business as usual.

Received revenues in Russia in 2021, there is no any official announcement

On 01.06.2022, the company announced the continuation of its operations in russia: "One of the most popular questions to our team and me in particular is whether we plan to stay in the russian market. The answer is unequivocal: we will continue to work!" said Alexey Nuzhny, CEO of ESAB, russia and CIS. The Director of ESAB Welding Materials continued: "We are facing challenging times, but the ESAB team sees them as opportunities. Our task is to increase production and expand the local range of products." In June 2023, ESAB announced the start of production of vacuum-packed welding electrodes in Russia. ESAB, through its russian distributors Acropolis and Weldexpert, also presented high-tech welding equipment at the STT Expo and Metalworking 2023 trade shows.

Company was originally founded in St. Petersburg, over $60 milllion exports to Russia after February 24, 2022. In 2022 $28 million exports to Russia, or 28% of that year revenue. Increased revenue and profit in 2022 vs 2021.

Continued relations with Russia. Among the "rich" French in Russia, it is worth mentioning the sugar giant Sucden. It has more than 250 thousand hectares of arable land in Russia. And in addition to sugar, it produces wheat, barley, sunflower, peas and corn. According to the results of last year, its net profit increased almost 2.7 times to 3.4 billion rubles. Revenue also increased many times - to 13.6 billion rubles.

Continues flows to Russian and Ukrainian producers but suspends its project to build a seed factory in Russia. The company also produces sunflower and corn seeds that are critically important for the Russian market. Its revenue in 2023 was 14.4 billion rubles, and its profit was 1.6 billion. The growth compared to 2022 is 2 and 4 times, respectively. This is a colossal pace.

No official statement

No relevant news about leaving Russia.

Continue candy sales in Russia. No statement seems to be available, and the Russian Website boasts "Storck products are convincing consumer across Russia from Kaliningrad to Vladivostok!" Comparing total export for a year starting on March 1, 2022 vs. a year before by value, the increase is "only" 51% (96 million USD vs. 64 million USD). Slightly increasing the market share of exported chocolate from 12.9% to 13.7%.

There is no statement on the company's website about the termination of cooperation with the Russian Federation. The international sales network contains links to the websites of companies in Russia https://amazone.net/en/experience-acquire/acquire/sales-contacts/international-sales-network.

The business of Reebok in the Russian Federation was transferred to the Turkish FLO Retailing. Significantly increased revenue (+568% in 2023 vs 2022) and staff in Russia (696 in 2023 vs 200 in 2022).

Received revenues in Russia in 2021, there is no any official announcement

Received revenues in Russia in 2021, there is no any official announcement.

Chinese investors, including Midea and Hisense, are interested in the acquisition of Russian Bosch plants. The largest Iranian manufacturer of household appliances, Entekhab Group, is negotiating the purchase of a refrigerator plant of the major Chinese brand Midea in Tatarstan.

Promised to host all new investments and advertising activities and not to profit from the presence in Russia, made donation to UNHCR and Red Cross. Barilla continues to produce pasta in Russia and increased its revenue in 2022 vs 2021.

Still operating in Russia

Received revenues in Russia in 2021-2022, there is no any official announcement. In March 2024, a statement appeared on the company's website that since the beginning of the war in early 2022, the company has significantly reduced its operations in Russia and strictly fenced off its Russian subsidiary from wider business. But the revenue for 2023 increased and the company did not fulfill the promise.

The revenue of Hikvision, the Russian office of the world's largest Chinese manufacturer of video surveillance solutions, grew by 42% in 2022 to 10.9 billion rubles. Included in the list of international war sponsors by NACP. The company received almost $150 million of revenue in 2023 and has not gone anywhere, its support service in Russia works normally at the number +7(800)500-00-88 or via Support.ru@hikvision.com

Curtail Russian access to capital markets. There are four banks with Chinese capital operating in Russia. The two largest Russian banks owned by Chinese credit organizations are Bank of China (101.5 billion rubles of assets as of January 1, 2022) and ICSIB Bank (93.8 billion rubles of assets). They belong to the largest financial groups of the PRC — Bank of China and Industrial and Commercial Bank of China (ICBC), respectively. Their Russian "daughters" increased their assets several times in 2022, and the profit - tens of times. The Central Bank has set individual values for capital adequacy ratios for two Chinese banks, which are 1.5-3 percentage points lower than the minimum required in the Russian Federation.

Still operating in Russia

Continuing to supply social selling representatives in Russia. Suspending Russian Avon exports. Continuing Russian manufacturing operations, which primarily produce cosmetics for the local market (Fragrance portfolio is currently produced in Russia). The international cosmetics concern Avon, which announced more than a year and a half ago that it would cease investing in Russia, has so far decided not to leave the country. Avon halts Russian business sale.

Still operating in Russia.

Russian website works

Continuing to operate majority owned Voltyre-Prom tire factory near Volgograd (factory makes agriculture and industrial tires). Quincy, Illinois-based Titan International, maker of tires for farm tractors, has kept its majority stake in its factory in the southwestern city of Volgograd.

Stop shipments to and from Russia; no comment about production in Russia. Wilo SE continues to operate the factory in Russia and supplying factory with all technological components both from Germany and China. Wilo SE has own subsidiary in Russia and running it without any limits - supplied by trade goods from own factory in russia and own plants in Germany. Currently Wilo is benefiting from withdrawal of the key competitors from the russian market like Grundfos and growing the business in this country comparing with pre-war situation.

Received revenues in Russia in 2021, there is not any official announcement.

No official statement

No official statement

Received revenues in Russia in 2021, there is no any official announcement

No official statement

Continue operations in Russia

Lesaffre continues its activities. On April 28, 2022, a webinar on how to bake bread will take place in Moscow.

No official statement

No official statement

Not disclosed publicly; still operating in Russia

Business as usual

Received revenues in Russia in 2021, there is no any official announcement

No official statement

Still operating in Russia

Received revenues in Russia in 2021, there is no any official announcement

Received revenues in Russia in 2021, there is no any official announcement

No official statement