Stop Doing
Business with Russia
Russia initiated aggression against Ukraine in 2014. On February 24, 2022, it started a full-scale military invasion to the Ukrainian territory. This brutal war and military crimes of Russian troops caused a humanitarian crisis in Ukraine with thousands civilians killed and millions becoming refuges. As a reaction to this act of aggression, many international companies decided to leave the Russian market, while some others continue doing business there as usual. We track such decisions of companies and urge them to stop funding the war.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Pausing InvestmentsReducing Activities: company scaling back some business operations while continuing others
Scaling BackPause operations: company temporarily curtailing operations while keeping return options open
SuspensionClean Break: the company completely halting Russian engagements or exiting Russia
WithdrawalExit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exit Completed
Hyundai Motor Manufacturing Russia are suspended until further notice due to ongoing global logistics issues with components delivery.
Suspends investments, marketing and launch of new products. The company cannot exclude the possibility of a suspension of its manufacturing operations in Russia.
According to press reports, the company is discontinuing the local production in Russia and export to the Russian market.
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.
The company discontinued all new capital investments in Russia and are suspending all media, advertising, and promotional activity. Product portfolio has been reduced to focus on basic health, hygiene and personal care items.
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.
The company suspended all imports and exports of its products into and out of Russia, and will stop all media and advertising spend. Unilever will not invest any further capital into the country nor will get profit from its presence in Russia. Unilever will continue to supply essential food and hygiene products made in Russia to people in the country.
Maintain Russian natural gas projects and critical infrastructure; write-off Nord Stream2 loans
Suspend all shipments to Russia. Nissan extends suspension of Russia factory for three months
Continuing to operate food and feed facilities in Russia. Scaling back Russian business. Suspended new investments.
The company is scaling back all non-essential activities in Russia. The company discontinues all new capital investments and suspends advertising media spending.
Stopping all non-essential business in Russia and Belarus, while ensuring continued access to health and agriculture products. In this regard, the company decided to continue supplying agricultural products to Russian farmers. Bayer added that it expects Russian authorities to help protect the free flow of agricultural products, expressing the hope that they will not use the food to put pressure on other countries.
Suspended operations at Russian plant
Suspended commercial activities; managing existing backlog
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.
No new trade of Russian commodities. Statement condemning Russian invasion of Ukraine. Maintaining operations in Russia. Equity stakes in En+ Group (~$645 million) and Rosneft (~$183 million).
The company stopped any new spending not related to the supply of the essential and life-changing medicines and vaccines in Russia, as well as in Belarus.
Still operating across 14 sites in Russia but suspend new investments
Suspended investment and technology deployment to its Russia operations.
No statements about suspending or closing business.
The company is not planning any new investments in Russia. It is continuing to work in Russia, and are taking all required measures to ensure an uninterrupted supply of medicines.
The company suspends non-essential business activity in the country, including all new investments, business development and advertising.
Operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions, and we are suspending operations in our Russian manufacturing facilities.
The company will only conduct business in Russia that fulfills existing obligations. The company is pausing new contracts.
Pfizer will donate all profits of the Russian subsidiary to causes that provide direct humanitarian support to the people of Ukraine. There will be no new clinical trials in Russia.
Pause all new capital investments, media advertising and other promotions; pause new clinical trials and enrollment of new patients
Suspend investments but continues sales and plant operations in Russia
Continuing business in Russia. Suspended new investments in Russia. Suspended operations in Ukraine. (World's biggest flooring manufacturer with ~$400M in Russian sales in 2021. Owns Russia's largest ceramic tile manufacturer)
In process of divesting from local subsidiary. Anounced plans to sell its shareholding in Avito with a significant discount. The publicized letter of the auditing company "B1" (the Russian division of Ernst & Young) confirmed that Prosus is indeed negotiating with VKontakte, and that Sberbank will finance the deal.
Pause new site activation and patient enrollment; continue operating
All new types of business in Russia have been suspended. German energy holding Siemens Energy has started restructuring its business activities in Russia and intends to complete the exit from assets in Russia at the end of the current fiscal year. But it is possible to continue servicing the equipment for "Nordic Stream-1"
Suspending new investments but still operating in Russia
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. Combined Russia and Ukraine sales over $650 K annually)
Has halted fresh investment in Russia and suspended trade in Russian oil but stopped short of exiting the country, which makes up 24% of its proven reserves and includes a stake in gas producer Novatek. No longer will provide capital for new projects in Russia/stop purchasing Russian oil; No longer enter into or renew contracts for the purchase of Russian oil and petroleum products, to cease all purchases of Russian oil and petroleum products as soon as possible, but no later than the end of 2022. withdraw from Acrtic LNG 2 project.
Suspended new investments and technology-deployments in Russia. Halted all shipments. (No joint ventures or partners in Russia)
Continuing business operations in Russia (4 locations). Canceled €200 million expansion investment.
Have working production in Russia, will suspend investments in Russia, including for the repair of industrial furnaces, in addition, will reduce the production and supply of glass to automakers in the Russian Federation
Suspend all further investments
Suspend further marketing and clinical investment; pause new clinical trials and active enrollment
AbbVie has temporarily suspended operations for the aesthetics products in Russia and paused the start of new clinical studies. Other operations are continued.
Red Bull suspended all marketing activities and new investments in Russia.
Host all new investments and advertising activities and not to profit from the presence in Russia, donation to UNHCR and Red Cross
Decision to renew production in Russia despite previous announcements to halt production
Suspend new investments/development
Halt new investments and advertising
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.
Continues to operate in Russia. Suspending new investments in Russia.
Suspension all trading and investment
Suspended future projects and investments in Russia. Maintaining operations in Russia. Statement condemning the Russian government’s invasion of Ukraine. (Nine facilities in Russia rendering 3% profits)
The company decided to continue operations in Russia but pause investments in new projects
Suspend shipments into Russia but not sales
still operating plant in Togliatti, Russia
Continue operations on an unspecified "lower" level & postpone investments
According to press, the company suspends new investments/development in Russia.
The company scales down operations in Russia that are not related to the production and transport of essential food commodities and ingredients.
Ending new investments where has control over fund
Ahlstrom-Munksjö has discontinued exports to Russia and Belarus.
Suspend supply of parts and deliveries/servicing, but continue substantial titanium purchases from Russia
Prepares project documentation for construction of LNG plant in Yakutia. Aker Solutions will not take new projects in Russia.
Alcon suspended all capital investments in Russia and have halted enrollment in clinical research there.
The company will cease any new business initiatives in Russia while completing support of existing clinical trials and continuing distribution of pharmaceutical products.
Investigate if Russian customers are subject to European sanctions
Suspend unspecified new business in Russia for time being
Monitor situation and review structures of Russian business partners
The company stops investments in the country, canceling its plans to support the growth of that market. All money flows between its HQ and its Russian subsidiary are interrupted. BlaBlaCar will maintain the current service, but isolate its Russian activity from the rest of the company, and stop all development plans.
Boiron frozes investments, stopped advertising campaigns, canceled new product launches and stopped its clinical trial activities in Russia.
Remove all Russia-manufactured and Russian-branded goods. Had about 100'000 drivers in Russia but they will go to other services, like Yandex.Taxi
The company stopped all investments in Russia including advertising & promotions and reduced the business to minimum necessary to pay the salaries to the local staff.
Online orders unavailable but still advertising; no information about on-site sales
Investigate if Russian customers are subject to European sanctions
The company suspended investments in Russia, but local cheese factories will continue to operate. Profits from the local Russian business will be used for humanitarian purposes until further notice.
DNV Issues Statement on its Business Operations in Russia
Suspend royalty payments & limit investment - restaurants remain open
Dubai's DP World temporarily halts Ukraine operations, reviews business in Russia
Continues to import Russian gas but is looking for alternatives
Suspend new investments and clinical trials
The Group’s long-term contracts with Gazprom in 2021 represented approximately 20% of ENGIE’s overall gas sales and consumption worldwide. Should European sanctions affect Russian supplies – ENGIE would comply with such decision at all levels.
Reduced operations due to sanctions, Ferronordic and Volvo CE have agreed to terminate the dealer agreement for Russia, continues to service and repair the existing fleet of Volvo CE machines in Russia, evaluating strategic options, including a potential divestment or downsizing the operations; Ferronordic and Sandvik terminated their dealer agreements for Russia.
Initiated the sale of its Russian and Belarusian companies. The operations of the companies in Russia and Belarus will continue until the sale is completed, to secure our local employees and to avoid nationalization of the company.
Has 4 master franchises and 195 partner cafes that still operate in Russia.
No new investments in Russia or Belarus in sovereign or corporate debt, or public or private equity. Will not be creating new shares for their FTSE Russia ETF.
Cease trading operations with Russia & Belarus; running plants in Russia
GKN owner Melrose Industries delays payout to shareholders, blaming 'unquantifiable' Russian invasion
Continues flows to Russian and Ukrainian producers but suspends its project to build a seed factory in Russia
Suspend new investments and "sharply" reduce activities in Russia
To indefinitely suspend new investments in Russia in response to the Russian Federation’s invasion of Ukraine,
Maintain rep offices in Russia; observe all banking sanctions
Seeks new oil supplier to replace Russian oil
Suspended development activities and closed corporate offices in Russia while continuing to operate hotels
Suspending new investments in Russia. Continuing holdings and relationships with Russian investors, partners, tenants.