Stop Doing
Business with Russia

On March 11, 2022 Leroy Merlin announced that it does not plan to reduce its operations in Russia, where it operates 143 stores. On March 17, 2022 they disconnected the Ukrainian office from corporate communications and announced that they would increase deliveries to the Russian Federation. Stopped new investments, imports, and financing in Russia. But the latest video investigation confirms that a French company is supporting Russia's war effort in Ukraine. On March 24, 2023 ADEO announces its intention to transfer control of Leroy Merlin Russia to the local management. The company Scenari Holding, registered in the United Arab Emirates, became the main owner of "Leroy Merlin Vostok", the Russian structure of the chain of stores, according to the data of the EGRUL. 12.2023: The record about the founder of JSC "BRICOLAGE INVESTISSMAN FRANCE" has been deleted from EGRUL. SCENARI HOLDING LP (UAE) becomes the new founder of the organization. 19.12.2023: The status of a legal entity is changed to "The legal entity is in the process of reorganization in the form of joining it with other legal entities." In the course of a detailed investigation, it turned out that the company signed a technical agreement on the alleged sale of the main business in Russia (SCENARI HOLDING LP from the UAE), but the CEO (Defassier Laurent, Louis, Claude) stayed the same since 2019, the company signs new contracts with the group and authorities of the Russian Federation (including the Ministry of Defence and the Ministry of Internal Affairs), trademarks are extended in Rospatent until 2031. In addition, as the L'Express investigation showed, SCENARI HOLDING LP has the same General Director as in Russia - Laurent Defassier, so the company used a tax optimization scheme, also called layering. Also, most of the imports in 2023 by Leroy Merlin Vostok in Russia was received from ADEO. The French chain of DIY stores Leroy Merlin made a fifth of its sales and a quarter of its profits in Russia last year, according to financial data from its parent company Adeo seen by AFP on Monday, August 12, 2024. In its 2023 consolidated accounts filed with the Lille business court, Adeo said the transfer of control over operational activities was completed fully only at the end of December 2023. However, it said Adeo remains a "passive investor", and that conditions had not been met for it to deconsolidate the operations from its 2023 accounts, including retaining share capital as of the end of the year.

Stop new business in Russia while meaningfully cutting exposure by 56%. Credit Suisse is shocked, with 17.6 billion Swiss francs blocked in CS alone. UBS sets ‘red lines’ for Credit Suisse staff as it completes takeover. UBS executives have drawn up a list of nearly two dozen “red lines” that prohibit Credit Suisse staff from a range of activities from the first day the two banks are combined, according to people with knowledge of the measures. Prohibited activities include taking on clients from countries such as Libya, Russia, Sudan and Venezuela and launching new products without approval from UBS managers.

Still operating in Russia due to "unimaginable leaving from a human point of view" working for the benefit of the civilian population. The latest video investigation confirms that a French company is supporting Russia's war effort in Ukraine. The National Agency for Prevention of Corruption included the French corporation "Auchan" in the list of international war sponsors. "Auchan Retail Russia continues to work on the Russian market and does not plan to change either its strategy or its work organization. Auchan in Russia works autonomously, without investments from the parent company. There are no plans to open new stores. At the same time, all existing stores continue their work and there are no plans to close them," the retailer noted. Ceetrus, owned by the Auchan group, may sell its assets in Russia. The Ceetrus group, which owns and operates almost 300 shopping centers in Europe, is considering the possibility of selling its assets in Russia. Retailer Auchan refutes rumors about leaving the Russian market, the company continues its work in Russia and plans development in the country, the retailer said in a statement. Auchan made the corresponding statement against the backdrop of recent news about transactions in the real estate market. Earlier it became known that the French company Ceetrus, part of the Auchan Holding group, closed a deal to sell Russian assets. According to the Unified State Register of Legal Entities, from April 12, 2024, the Trade Galleries company became the new owner. “The change of founders, as well as any other structural or organizational changes occurring in third-party companies, do not in any way affect the activities of Auchan in Russia,” the release adds. The retailer also reminds that since 2023, Auchan Retail Russia has been operating in the Russian market independently from the parent company. Auchan, one of the few French chains still operating in the Russian Federation, found a local buyer to exit Russia and entered the final stage of negotiations. According to La Lettre, the Mulliez chain is in final negotiations with a local buyer for the sale of its Russian branch. The name of the buyer has not yet been disclosed, but the signing of the agreement may take place in the coming weeks. The company has not yet confirmed or denied this information. 29.10.2024: Auchan filed an application to register a new trademark. The Russian subsidiary of French supermarket chain Auchan quashed rumours of an impending sale, saying it continued to operate for the benefit of the local population. Although operation of the chain's 230 stores in Russia was transferred to local management in 2023, Auchan is one of the few French firms to remain in the country. "Rumours of a sale of Auchan Russia and its leaving the Russian market have recently multiplied and we have repeatedly denied them," the subsidiary said in a statement sent to AFP. "Our response is always the same: we don't comment on market rumours and we are continuing to work for the good of the country's population." French business journal La Lettre reported on Monday that Auchan had rejected an offer. The journal had reported in late October that negotiations were underway with a local buyer for the Russian stores, which employ some 30,000 people. Many Western companies have quit the Russian market since Moscow launched in February 2022 invasion of Ukraine, but some have found it difficult to sell their operations. The continued operation of Auchan and hardware chain Leroy Merlin, both of which are owned by France's Mulliez family, has drawn the ire of many Ukrainians, including President Volodymyr Zelensky.

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.

Continuing to operate food and feed facilities in Russia. Scaling back Russian business. Suspended new investments, unspecified scaling down of non-essential operations. The Russian "subsidiary" of the American corporation Cargill will stop exporting grain from Russia in the next agricultural year. In the letter, the company informs that in the next agricultural season 2023/24 (starting on July 1, 2023 and lasting until June 30, 2024) LLC "Cargill" does not plan to export grain from Russia "in accordance with the earlier discussion of grain export issues and recommendations of the Ministry of Agriculture". At the same time, the company promised that shipments planned for the current 2022/23 season will be carried out ""in full in accordance with the existing quota. Cargill confirmed to S&P Global that they still intend to purchase and sell Russian grain. A spokesman for the Russian Union of Grain Exporters declared that “Cargill has made a decision to close one of its business lines but not to leave the Russian market”. Decreased revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -10%.

Samsung Electronics suspended all shipments to Russia but continues operating r&d center in Moscow and collaborating with government science institutions sharing advanced technologies. Samsung Electronics said nothing had been decided after a newspaper reported the company https://www.reuters.com/technology/samsung-expects-return-russian-market-this-year-izvestia-newspaper-2022-09-14/ was expected to return to the Russian market this year, six months after suspending shipments following the invasion of Ukraine. The Russian authorities are "losing patience" with electronics manufacturers Samsung and LG and are preparing to ban their equipment in the country because they refuse to sell their plants in the Kaluga and Moscow regions. And although Russian vendors, including Lex, Kuppersberg, Schaub Lorenz and others, were actively interested in buying these capacities, they could not come to an agreement, since South Korean manufacturers do not give in on the price. Decreased revenue in 2023 vs 2022. Samsung Electronics said a decision on whether to resume business in the country has not yet been made. “Samsung Electronics’ smartphone and home appliance business remains suspended in Russia, and whether we will resume operations there has not yet been decided,” a Samsung spokesperson said.

According to Russian press, Huawei has stopped taking on new contracts to supply network equipment to Russian operators. Suspend new orders and furlough some staff; 1/07/2022: activated hiring 19/08/2022: Huawei stores in Russia stop selling products to visitors (lack of official supply); 6/09/2022: relocated Chinese and Russian managers and heads of divisions to Kazakhstan and Uzbekistan. Russia and China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group, and Red Soft has a joint project with Huawei. Taiwanese MSI became the leader in laptop sales in Russia, overtaking Asus and Huawei.

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. Revenue decreased in 2024 vs 2023 by more than -20%.

Has suspended all of its corporate support for the Russian market (800 locations), including operations, marketing and supply chain. Also stopping investment and expansion in the region. A franchise company still operates in Russia and uses the Burger King brand https://vk.com/burgerking

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. Revenue decreased in 2024 vs 2023 by more than -10%.

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. Revenue decreased in 2024 vs 2023 by more than -10%.

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. Revenue decreased in 2024 vs 2023 by more than -10%.

Plans to stop investments in Russia this year

Continue doing business as usual, increased revenue in 2022 vs 2021. JDE Peet's (coffee brands Jacobs, L'Or, Tassimo) will stop selling foreign brands of coffee and tea in Russia before the end of the year. Only local brands will be represented in Russia. The company is largely still operating in Russia - they just phase out some international brands but they plan to keep selling in Russia and paying tax money there. New capital investments to increase factory capacity or expansion in Russia are not authorised, and all cash dividend payments from the Russian business were cancelled.

The company suspended all advertising, enrollment in clinical trials, and any additional investment in Russia. It was decided to suspend supply of the personal care products in Russia. The company will continue to supply the medicines and medical devices in the region. Suppliers of Johnson & Johnson goods began to send notices to opticians about the suspension of imports. Revenue decreased in 2024 vs 2023 by more than -20%.

The Coca-Cola Company is suspending its business in Russia but starts making in Russia 'Dobry Cola' and a bunch of juices with brands like Rich and Moya Semya. The Coca-Cola Company's statement meant that direct official sales of Coca-Cola, Fanta, Sprite and other brands in Russia are no longer possible, even though the American company itself has never engaged in them. Ten Russian Coca-Cola plants were owned, bottled and sold by a separate independent company — Coca-Cola Hellenic Bottling Company (HBC), registered in Switzerland. The American Coca-Cola Company owns 21.3% of its shares. The profits of Multon Partners LLC, the Russian division of Coca-Cola HBC Holdings B.V., totaled 10.25 billion roubles (a little over $111 million) in 2023 — more than four times more than in 2022 (2.3 billion roubles), according to the company's financial statements. Back in March 2022, almost immediately after Russia launched its full-scale invasion of Ukraine, Coca-Cola announced that it was suspending its business in the country. Its chief competitor, PepsiCo, issued a similar statement. However, leaving the Russian market behind proved to be easier said than done. Slightly decreased revenue in 2023 vs 2022.

Left Russia. 30.06.2022: Pilyugina Anna Alexandrovna becomes the new founder of the organization. The record about the founder COMPANY JOINT STOCK COMPANY LPP has been deleted. COMPANY "FAR EAST SERVICES-FZKO" becomes the new founder of the organization. The new owner of "RE Trading" LLC — the Russian division of the Polish retailer LPP — is the UAE-registered company "Farist Services-Fzco". The record of this in the register is dated June 30, 2022. Could be internal transfer deal as LPP continues to operate in Russia and monitors sales under the name "RE" (LLC "RE Trading", tax id: 7725776121). The company keeps delaying finishing the operations in full. Stores and purchases are still controlled by the central in Poland. The American research company Hindenburg Research published a report in which it is said that the Polish company LPP simulated an exit from the Russian market. Before the full-scale invasion began, LPP was developing business in Russia, which became its largest overseas market and generated 19.2% of revenue from 553 stores. In 2022, LPP said it would sell all Russian shares to the Dubai company Far East Services by June, but after that Polish goods continued to arrive in Russia. Despite LPP's claim that they lost 20% of revenue after the full-scale invasion, profits in 2022-2023 are up 13%. “We believe that LPP was able to publish these excellent results because the denial of the Russian business was a complete sham. Far East Services was listed just a day before LPP announced it had reached an agreement to sell its Russian subsidiary,” Hindenburg Research reported. The report says that LPP's Russian operations are still controlled by the head office in Poland. Hindenburg Research sent out secret shoppers and discovered in Russian stores the same clothes that LPP sells in Poland. In addition, the researchers found out that the business planned to modify the barcodes to hide the true origin of the goods and maintain control over the flow of products. Following the publication of Hindenburg Research, LPP shares fell sharply in price. The company considers this a targeted attack on the business.

Exports goods to Russia that could also be used for military purposes, which is a violation of European Union sanctions. Revenue decreased in 2024 vs 2023 by more than -10%.

Paused exports to Russia and suspended advertising investments. Pledged $1M donation to Red Cross and Mercy Corps (office in Moscow). Bacardi, which announced a cessation of exports after the start of the war, continues to supply alcohol to the Russian Federation and bottling whiskey at a Russian factory. Bacardi continues to deliver to Russia, and the profit of the Russian branch of the company - Bacardi Rus - tripled in 2022 - from 1.5 billion to almost 4.7 billion rubles. Bacardi's Russia business growed as other booze makers leave country. But in 2023, revenue and profits began to decline slightly. The firm has almost completely suspended the supplies of some of its flagship brands, including Bacardí rum, Grey Goose vodka, Bombay Sapphire gin and other drinks. This has been recently confirmed by representatives of some leading Russian retail chains, and with their stocks of Bacardí drinks almost completely exhausted. In fact, Bacardí stopped supplies of a number of brands to Russia at the beginning of 2023, although prior to this significant reserves of these drinks were formed — sent mainly to catering enterprises.

Was identified by Forbes.ru in the rating of 50 largest foreign companies in Russia - 2024. Significantly (+97%) increased revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

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). Revenue decreased in 2024 vs 2023 by more than -20%.

Pause new site activation and patient enrollment; continue operating. Revenue decreased in 2024 vs 2023 by more than -10%.

Realme and Oppo as well as some other Chineese brand now hold 61% of Russia’s smartphone market by sales as of May 2022. Decreased revenue in 2023 vs 2022.

Suspending investments in Russia. Continuing to supply food packaging, hygiene and cleaning products. Continuing to operate a polymer dispersion plant in Russia. Has a stake in a polyurethane systems joint venture in Russia. Pledge of $275 K for humanitarian aid for Ukrainian people.

Still operating in Russia. One of the main players in the plant protection products market. Revenue decreased in 2024 vs 2023 by more than -20%.

Initially stopped production at its St. Petersburg plant and stopped imports of vehicles; no statement about retail operations and services inside Russia. 23.09.2022: Toyota Motor decided to close its factory in Russia. But at the end of 2022 the Toyota concern was the first automaker to resume direct deliveries of spare parts to Russia. "We are talking about details that did not fall under the sanctions". Also, the Russian daughter of Toyota Motor (the official supplier of products in the Russian Federation) allowed its dealers to parallel import spare parts that are subject to restrictions, such as electronics. 07.2023: FEDERAL STATE UNITARY ENTERPRISE "CENTRAL ORDER OF LABOR RED BANNER SCIENTIFIC RESEARCH AUTOMOBILE AND AUTOMOTORNY INSTITUTE "NAMI" becomes the new founder of the organization. The record about the founder of JSC "TOYOTA TSUSE CORPORATION" has been deleted. The record about the founder of JOINT-STOCK COMPANY "TOYOTA BOSHOKU YUROP" was deleted. Toyota plant in St. Petersburg transferred to Aurus. Significantly (4x! times) decreased revenue in 2023 vs 2022. The dealer holding SP Business Car (94% of the company belongs to Toyota Motor) is again selling new cars of the Japanese brand. This follows from the announcements of the Moscow car dealership

Suspend manufacturing in Russia

Scale back to just supplying medicine. The media learned about the supply of veterinary drugs to Russia through “unofficial channels”.

We have decided to scale back our business and will refocus our efforts in Russia on our essential role in feeding the Russian people and pets, Any profits from our Russian business will be used for humanitarian causes, We have suspended new investments in Russia and will not import or export our products in or out of Russia, Our social media and advertising activity in Russia and Belarus will remain suspended,

No action taken; still operating in Russia. Decreased revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

Maintain skin and bodycare products; stop other products

Continued to supply and sell essential health and hygiene products. Revenue decreased in 2024 vs 2023 by more than -10%.

The company has stopped exports to customers in Russia and Belarus and imports from these two countries. All investment projects have been cancelled. Local activities are now operating at a minimum and in autonomous mode to maintain the employment of employees.

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. Revenue decreased in 2024 vs 2023 by more than -10%.

The company stopped the supply of protective coatings for the aerospace industry due to the imposed sanctions and stopped investments. The company continues to supply goods to households. Paint giant AkzoNobel paid millions of euros in corporate tax to the Kremlin.

Merck to continue supplying essential medicines and vaccines in Russia and will donate any profit from Russia to humanitarian causes, the company will not make further investments in Russia, This includes stopping all promotional activities, capital investments and business development initiatives, Additionally, screening and enrollment in ongoing clinical trials, and planning for new studies in Russia have been suspended,

Will continue to trade in Russia, Vostochnaya Technika, the official Caterpillar dealer in some parts of Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

Temporarily paused operations in Russia but still operating in Russia; not disclosed publicly (factory in Krasnodar). CLAAS, based in Germany, has not curtailed its work in Russia. CLAAS noted in a recent Wall Street Journal article that its food-production equipment falls within exemptions from international sanctions against Russia. The company wants to make a contribution to the global food supply even in times of war, said company boss Mohr. He calls the stopping of the grain agreement “frustrating” and officially declared that the Ivans will not leave the market and it is strategically important for them. Decreased revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

Suspend all non-essential business activities; keep delivering some medicines

Continuing to supply medical devices and technology as well as continuing to support healthcare providers. Statement condemning Russian invasion of Ukraine. Relocated or made redundant its engineers working in Russia.

Suspend new investments. GEA to scale down Russian business.

The company made a statement about humanitarian support of Ukraine. Stopping supplies to Russia and marketing activities. Dutch health technology company Philips (PHG.AS) will continue to deliver hospital equipment to Russia, despite its war on Ukraine, Chief Executive Officer Roy Jakobs said on Tuesday. Jakobs said Philips' activities in Russia centred on the maintenance and delivery of hospital equipment such as large medical scanners, while it has stopped the sale of its personal healthcare products there - except for maternal care products. 25.09.2023: The full name was changed from PHILIPS HOME EQUIPMENT LLC to VERSUNI LLC | The entry about the founder PHILIPS DOMESTIC APPLAINSIS HOLDING B.V. has been deleted. The entry about the founder PHILIPS DOMESTIC APPLAINSIS NETHERLAND B.V. has been deleted. VERSUNI HOLDING B.V. becomes the new founder of the organization and VERSUNI NETHERLANDS B.V. becomes the new founder of the organization - internal deal. Philips is not trying ot leave as it took half a billion RUB in loans in war year 2022 and invested it in fixed assets. Household appliances from Bosch, Delonghi and Philips, produced for the Ukrainian market, began to be supplied to the Russian Federation and sold through marketplaces and electronics store chains. Philips struck a deal with the Chechnyan ministry of health in July, 2023. They've transformed the Russia branch to a medical supplier, and in that light they don't mind doing business with Kadyrov (a photo with Kadyrov's son-in-law and a Russian Philips manager right after they signed an agreement was published in Instagram feed about the deal).

Refraining from all investments in Russia and at the same time sticking to the delivery stop, have operating production in RF

Continues serving patients. March 29, 2022 "In line with our relentless commitment to serving patients, we will continue to tackle their healthcare needs regardless of their race, sex, nationality, ethnicity, country of origin, language, or religion. We support global sanctions, and we will take all precautionary measures to comply with them. We have suspended several promotional activities in Russia, including advertising and participation to non-scientific congresses. Additionally, we will not initiate any new clinical trials." Revenue decreased in 2024 vs 2023 by more than -10%.

Suspend further marketing and clinical investment; pause new clinical trials and active enrollment but increased revenue in Russia in 2022 vs 2021. Danish diabetes care giant Novo Nordisk (NOV: N) has announced it is terminating supplies of its Ozempic (semaglutide) to Russia at the end of year 2024. Revenue decreased in 2024 vs 2023 by more than -10%.

Promised to close all stores in Russia due to invasion. Stated in the fiscal year ended June 30, 2023: “We have scaled down our operations in Russia. We expect to continue selling a limited selection of products to retailers in Russia”; “ Net sales from Russia decreased in fiscal 2023, as we sold a limited selection of products to certain retailers”.

Paused new investments/development. Household appliances from Bosch, Delonghi and Philips, produced for the Ukrainian market, began to be supplied to the Russian Federation and sold through marketplaces and electronics store chains. Continues doing bussiness in russia via Kazakhstan, website https://delonghi.ru is still active, makes hirings https://hh.ru/employer/608027/vacancies and buys ad on Youtube https://www.youtube.com/watch?v=eDFwVWmiLqE

Suspended advertising and all capital investment in CPW in Russia. (No plants, employees or distributors in Russia. Joint venture with Nestle in Cereal Partners Worldwide. CPW has ties to Russia and sells GM cereal outside of the North America. CPW sales <1% of GM total)

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

Still operating in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.

The German EOS Group, which owns one of the largest collection companies in Russia, is preparing to exit this business, two sources in the financial market told RBC. According to one of them, foreign shareholders of the Russian EOS were negotiating with at least four potential buyers. The German EOS Group has decided on a potential buyer of its collection agency in Russia — the asset can be purchased by the structures of Gazprombank (GPB). German EOS Group, which owns one of the largest collection companies in Russia, has changed its mind about selling its subsidiary to Gazprombank (GPB) structures, two sources in the financial market told RBK. According to one of them, the foreign shareholders of the Russian EOS have “withdrawn from the deal”; negotiations that have been ongoing since at least the fall of last year are no longer ongoing. It became known in the spring of 2024 that EOS Group had begun looking for a buyer for its business in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.

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. Revenue decreased in 2024 vs 2023 by more than -20%.

Promised to suspend operations in Russia. But in 2024, devices from Check Point Software Technologies worth more than $3 million were imported into Russia, along with approximately $1 million worth of products from this company's competitor, Fortinet.

Still operating and actively hiring in Russia. Russian dictator Vladimir Putin transferred the Russian subsidiaries of the Italian water heating company Ariston and the German manufacturer of household appliances BSH Hausgeraete to the temporary management of the Gazprom company. “On March 26, 2025, by Presidential Decree No. 176 of the Russian Federation, Ariston Holding NV regained ownership and full control of the shares of its Russian subsidiary,” the Italian company said in a statement. Paolo Merloni, Ariston’s chief executive, welcomed the decision. “We intend to resume cooperation with our Russian local leadership, in full compliance with existing sanctions, and continue our legacy in the country,” he said in a statement. Ariston said its board of directors would have to reconsider its previous decision, taken last August, to deconsolidate its Russian unit, called Ariston Thermo Rus, and record the related losses. Revenue decreased in 2024 vs 2023 by more than -10%.

Donating $50,000 to support humanitarian efforts in Ukraine. Also donated $1million to support Ukrainian refugees. Promised to suspend operations in Russia but Customs data shows that the latest deliveries were in Feb 2023.

Continue operations in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.

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. Revenue decreased in 2024 vs 2023 by more than -20%.

Canon Medical Systems had a joint venture production facility in development with Russia’s R-Pharm. Despite the company not being under sanctions, Canon stopped supplying the joint venture without explanation or announcement. Canon too could not bear the cost of getting export licenses. It is likely that Canon wanted to escape the bad publicity of pulling medical equipment out of Russia and harming ordinary people.

Still operating in Russia. GEA has initiated measures to scale down its Russian operations as international sanctions increasingly impact the company’s business activities. We are committed to supporting the affected employees and will carry out the associated restructuring measures in compliance with all applicable laws. GEA will continue to maintain scaled down operations to enable the production of essential food and medicine for the local population. Revenue decreased in 2024 vs 2023 by more than -10%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.

Still manufacturing for the Russian market. Scaling back business activities in and with Russia.

Suspend all new investment and non-essential activity

Still cooperating with dealers in Russia; not disclosed publicly. Revenue decreased in 2024 vs 2023 by more than -20%.

03.2023 - The record about the founder of TP-LINK TECHNOLOGIES (SG) PTE was deleted. LTD.BIG FIELD GLOBAL PTE LTD. (offshore) becomes the new founder of the organization. 11.2023 - The deterioration of the status occurred due to the fact that the sale was an intragroup transaction, as KSE Institute learned later. Website in Russian (https://www.tp-link.com/ru) is not accessable now and company decreased by 35% its revenue for 2024 vs 2023. Revenue decreased in 2024 vs 2023 by more than -20%.

Paused all operations and exports of machines and parts in Russia. Operations include offices and a factory supplying Russian market. JCB stopped exporting to Russia in early March, saying it would “pause” operations in the country. But an Observer investigation reveals how Lonmadi and Kwintmadi have continued to sell JCBs, even offering customers credit from Gazprombank Autoleasing, an arm of Russian bank Gazprombank, to buy them. No official position, they were present on recent Moscow Truck Expo.

Suspending all consulting services business, will not seek new business for these services, and will halt all investments in Russia. The company will continue to provide its core retail measurement service and honor related legal commitments.

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. Revenue decreased in 2024 vs 2023 by more than -20%.

Still operating in Russia despite promised suspension of investments. Revenue decreased in 2024 vs 2023 by more than -10%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

Against the backdrop of Western oil equipment suppliers leaving the Russian market, the Chinese corporation is trying to take their place. Kerui has been operating in Russia since 1999, but began to significantly increase its presence in 2014, after the first bans on the supply of Western oil and gas equipment were introduced. In April 2015, Kerui even announced its readiness to start supplying equipment to the annexed Crimea. After Russia's full-scale invasion of Ukraine, Kerui's deliveries to Russia increased 8.5 times. Moreover, in the fall of 2022, the official representative of Kerui in the Russian Federation, Rus-KR LLC, and Gazprom Drilling LLC signed a cooperation and strategic partnership agreement. 06.2024: Internal transfer. Zhang Dongxu, Yan Hao and Jin Liang become the new founders of the organization RUS-KR LLC. The entry about the founder of SHANDONG LLC "KEZHUINEFTEOBORUD" has been removed from the Unified State Register of Legal Entities. Revenue decreased in 2024 vs 2023 by more than -20%.

Promised to suspend new investments but opened its 80th store in Russia in March 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

The company is still operating with higher revenue in 2022 vs 2021 based on open data. According to information provided KSE source they only suspended new hiring in Russia and apparently new getting new clients in Russia. The Development office in Saint Petersburg and office in Moscow are still active and working for Russian clients. Revenue decreased in 2024 vs 2023 by more than -20%.

In response to the Russian invasion of Ukraine, Bohnenkamp stopped all spending in Russia and Belarus which includes: the suspension of all marketing activities, stopping all projects to expand business activities, the suspension of all investments. Received revenues in Russia in 2021-2024. Revenue decreased in 2024 vs 2023 by more than -20%.

The company applies French and international economic sanctions. The company decided to put on hold all of its foreign investments and its major development projects in the country. Intention to withdraw from Russia - signed a Memorandum of Understanding with the local management team with the objective to transfer its activities in Russia in the framework of an Management Buy Out. In September 2022, Air Liquide announced that it had signed a memorandum of understanding to sell its Russian business to a local management team. However, the deal never received approval from the Russian government, leaving the company in limbo.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -20%.

Still operating in Russia. Received revenues in Russia in 2022 (but less than in 2021).

UCB is still bringing medicines to patients in Russia but we have reviewed the way in which we conduct our business there. Profits generated in Russia will be donated to NGOs to help the people of Ukraine. We have already stopped enrolling new patients and are not starting up any new sites or clinical trials in Russia. We are no longer undertaking marketing activities and are exploring other steps we can take to support the sanctions. Revenue decreased in 2024 vs 2023 by more than -10%.

Continue doing business as usual. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -10%.

Italy's Marcegaglia buys Russian steelmaker Severstal's Latvia unit. Aslo have a production plant at Vladimir, Russia ("Marcegaglia Ru LLC"). Revenue decreased in 2024 vs 2023 by more than -20%.

No news, no update at russian website since 2017. The Chinese TPV Technology plant in the Leningrad region has stopped producing Philips, Sony, and Sharp televisions due to sanctions pressure from US and EU regulators. Revenue decreased in 2024 vs 2023 by more than -20%.

Chinese Lifan has stopped selling cars in Russia. Later it turned out that the Moscow website is working, cars and motorcycles are available for sale. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

Bureau Veritas has downsized its business in Russia in the sectors where the company was previously operating i.e. Marine, Aeronautics and Commodities.

Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -10%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

The joint company of Rosatom and D-Link in the first year of production of switches was able to earn 183 million rubles. The main company received 4.2 billion rubles of revenue in 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2022-2024. Revenue decreased in 2024 vs 2023 by more than -10%.

Stop coal imports; lubricants business unchanged. Revenue decreased in 2024 vs 2023 by more than -20%.

Scale back to critical products to ensure food security. Revenue decreased in 2024 vs 2023 by more than -20%.

Refuses from new business transactions with Russia, the Company said it would only fulfill current contracts that are not subject to sanctions. Gunvor handles no Russian crude and only very small quantities of products. The heads of some of the world's leading energy traders have said they are ready to return to Russia for business if sanctions are fully lifted, although some have expressed concerns about the prospect in the near future. "If the sanctions are eased in a way that we can return to them, why not? That's our job," Gunvor Group CEO Torbjorn Turnqvist said in an interview.

Still selling products to Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

Suspend investments & focus on supply of medicines and vaccines. Revenue decreased in 2024 vs 2023 by more than -10%.

Received revenues in Russia in 2021-2022. Coloplast’s priority is also on continuing our supply of products to our users. We provide essential products like ostomy bags and catheters that are necessary for people to maintain a dignified life. Our position is that under no circumstances should people living with intimate chronic conditions be without essential products and treatment. Since March 2022, Coloplast has, however, halted all new investments in Russia. Today, our focus is primarily on serving our existing users of ostomy products and catheters in the country.

New TCL smartphones go on sale in Russia. Chinese TCL began production of TVs at the Russian enterprises Kvant and STI Group. The Chinese TV brand TCL has refused to supply its components to Russian contract manufacturers Quantum and STI Group amid the risks of sanctions. The leaders of the Russian TV market, Chinese Haier, TCL and Huawei, are negotiating with Yandex about installing the YaOS operating system (OS) on all devices supplied to the Russian Federation.

Received revenues in Russia in 2021-2024. Started to review all national and international business activities related to Russia and Belarus. Have severely restricted the ongoing business of Russian subsidiary, well beyond the respective applicable sanctions. No longer supply any products for the oil and gas industry. Furthermore, have completely discontinued the components and spare parts business. Deliveries are still being supplied to the civil infrastructure in the water and energy segments, but these activities are also being critically questioned. Revenue decreased in 2024 vs 2023 by more than -10%.

Still operating in Russia. 2 companies: FOLMANN LLC and CHEMICAL ALLIANCE LLC. Revenue decreased in 2024 vs 2023 by more than -10%.

Takes part in Sakhalin 2 LNG project, join new Sakhalin-2 Russian operator. Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance. The buyer of the leasing subsidiary of Mitsubishi became ExpoCapital, a fund owned by Kim and his partners (LLC "ExpoCapital"). Revenue decreased in 2024 vs 2023 by more than -20%.

Reduced production. Revenue decreased in 2024 vs 2023 by more than -20%.

Still operating in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.

Bang & Bonsomer has suspended all new investments in Russia and will not engage in any new business in Russia until further notice. The company has been engaged in active negotiations to reduce its financial and legal liabilities in the country. Revenue decreased in 2024 vs 2023 by more than -20%.

Promised to suspend all shipments of devices to Russia. Made donation of $1.15 million to Japanese Red Cross. Judging by the official Russian site of the company https://ricoh-imaging.ru/, which is owned by Ricoh and serviced by the Russian distributor "Pentar", deliveries of Pentax and Ricoh brand photographic equipment and binoculars to Russia continue. There are the latest novelties of the company, the number of products in stock is updated. This indicates either direct deliveries to Russia, or deliveries through third countries, such as Cyprus, Lithuania or Kazakhstan.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

Continues business in Russia. In 10 months of 2023, the French Kuhn SAS supplied Russia with seed drills worth $5 million (in the top ten importers). There were also deliveries of cultivators in the amount of $887,000. Shipments were made from France to the Kun Vostok representative office in the Voronezh region. Revenue decreased in 2024 vs 2023 by more than -20%.

Still operating and advertising in Russia. In addition to cultivators, the LEMKEN company also supplied disk harrows to Russia. It is among the top five suppliers of disc harrows (9.41% market share), and among the top ten suppliers of cultivators (3.39% market share). In all cases, deliveries were made from Germany to its own representative office "LEMKEN Rus", registered in the Kaluga region. Revenue decreased in 2024 vs 2023 by more than -20%.

Still operating in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Increased revenues in 2022 vs 2021. Revenue decreased in 2024 vs 2023 by more than -10%.

Call centre group Teleperformance says it has 'curtailed' Russian operations. But Russian website is operational as of Feb 23, 2023 with a slogan "Welcome to Russia". Not clear what "curtailing" operations means, other than complying with sanctions. Revenue decreased in 2024 vs 2023 by more than -10%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

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. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.

Continue doing business as usual. Revenue decreased in 2024 vs 2023 by more than -10%.

Continue doing business as usual. Revenue decreased in 2024 vs 2023 by more than -20%.

Legal entity in Russia (LLC "Schumacher").

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2021-2024, there is no any official announcement. 09.2024: The entry about the founder of "APLEONA" GMBH has been removed from the Unified State Register of Legal Entities. "DELAWARE INVESTMENT COMPANY" LIMITED LIABILITY PARTNERSHIP (Egypt) becomes the new founder of the organization. In fact, the company is still operating in the Russian market and continuing to pay taxes to the Russian government - but is using legal subterfuge to hide the real situation from its customers and employees. In September 2024, Apleona GmbH transferred 100% ownership of its Russian business (Apleona Rus) to Delawar Investment company (Egypt) and the Apleona Russia company name was changed to “Panelao” (a simple anagram of Apleona). The owner and president of Delawar Investment company (Egypt) is Mohamed Delawar, who was (and continues to be) the CEO of Apleona Egypt - a long-term employee of Apleona. Apleona has simply temporarily “parked” its Russian business with its employee in Egypt, and tried to hide that fact by slightly changing its name.

Suspend investments in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.

Still operating and actively hiring in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.