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. South Korea's Hyundai Motor is considering options for its suspended Russia operations that could include selling its manufacturing plant there, South Korean media reported.
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 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.
The company scales 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.
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.
Continuing to operate food and feed facilities in Russia. Scaling back Russian business. Suspended new investments, unspecified scaling down of non-essential operations.
The company is scaling back all non-essential activities in Russia. The company discontinues all new capital investments and suspends advertising media spending.
Suspended operations at Russian plant
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 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.
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
Operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions, and we are suspending operations in our Russian manufacturing facilities.
No statements about suspending or closing business.
Pause all new capital investments, media advertising and other promotions; pause new clinical trials and enrollment of new patients
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.
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. Stopped new investments in Russia.
The company made a statement about humanitarian support of Ukraine. Stopping supplies to Russia and marketing activities.
The company suspends non-essential business activity in the country, including all new investments, business development and advertising.
Cisco is stopping all business operations, including sales and services, in Russia and Belarus for the foreseeable future. There are no statement about local manufacturing. A purportedly leaked Russian customs database shows around 500 shipments of Cisco gear arriving in Russia in August, months after the networking giant halted its business operations in that country.
Suspend investments but continues sales and plant operations in Russia
Stopped new investments
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)
Pause new site activation and patient enrollment; continue operating
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. TotalEnergies to continue shipping Russian LNG as long as no EU sanctions.
Suspended new investments and technology-deployments in Russia. Halted all shipments. (No joint ventures or partners in Russia)
Continue operating subsidiary in Russia but limited some activities.
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.
Suspended business development and investment activities.
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
Still operating and advertising in Russia. Suspended some shipments.
Suspend unspecified new business in Russia for time being
Suspend shipments into Russia but not sales
Received revenues in Russia in 2021. The Hero Group has ceased virtually all investments and operations in Russia (sales of all products except baby milk). All proceeds from baby milk is being donated to organizations supporting Ukrainian refugees.
Suspended business including partnership with Kamaz. Daimler Truck currently not in talks over stake in Russia's Kamaz - Reuters.com
Suspend supply of parts and deliveries/servicing, but continue substantial titanium purchases from Russia
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.
Ahlstrom-Munksjö has discontinued exports to Russia and Belarus.
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
The representative office of Anritz Separation in Moscow continues its activities
Monitor situation and review structures of Russian business partners
Bought 2 million barrels of Russian Urals for May loading but will not consider prompt cargoes from the country until more clarity is available.
Restrict Russian accounts with over €10,000
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.
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.
The company has stopped investing in Russia, but the company's plants in Russia continue to operate.
Online orders unavailable but still advertising; no information about on-site sales. The American clothing and accessories brand Michael Kors is leaving the Russian market.
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
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.
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
Suspended investments but still operating 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.
Suspend investments in Russia but continue substantive operations
Appears to still operate in Russia (6 locations)
Did not respond to The Load Star's request for status of Russian operations. (Sales in Russia represent about 1% of revenue)
Signed new deal to import Russian oil but has paused spot purchases of Russian shipments that will arrive after the Dec 5 deadline.
Suspended new business with Russian companies. Fee waivers for Ukrainians. Continuing to support international clients in Russia. Statement condemning Russian invasion of Ukraine. Pledge of over $3.9M to UNICEF.