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
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. At the beginning of the fourth quarter of 2022, Engie initiated arbitration proceedings against Gazprom Export LLC, seeking, in particular: recognition of Gazprom Export LLC's failure to fulfill its gas supply obligations under long-term gas supply contracts and payment of penalties, and as well as compensation for damages caused as a result of such non-performance.
Suspending new investments but still operating in Russia.
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."
Continues flows to Russian and Ukrainian producers but suspends its project to build a seed factory in Russia
Boiron frozes investments, stopped advertising campaigns, canceled new product launches and stopped its clinical trial activities in Russia.
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.
According to press, the company suspends new investments/development in Russia. The chief executive of Accor, the French owner of the Orient Express and Novotel hotels, has claimed pulling out of Russia is “not an option” unless he is forced to by more stringent sanctions.
To indefinitely suspend new investments in Russia in response to the Russian Federation’s invasion of Ukraine,
Initially paused exports to Russia. The Pernod Ricard company, which owns Ireland's largest Jameson whiskey brand, has resumed supplies to the Russian market. Sales were suspended in March last year after the start of a full-scale war between the Russian Federation and Ukraine. The Absolut Company has decided to stop the export of its brand to Russia.
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.
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.
Bureau Veritas has downsized its business in Russia in the sectors where the company was previously operating i.e. Marine, Aeronautics and Commodities.
Temporarily close our boutiques in Russia and pause all our commercial activities. After a steep drop right after the invasion, shipments never really stopped, and recovered the volume somewhat by the Fall of 2022, albeit not at the pre-invasion level. Moreover, singificant porttion of the shipments is direct.
Still operating in Russia. “We are providing absolutely no new funding for our operations in Russia, and have stopped all new investment and all financial flows between the group and our Russian subsidiary.
Banijay Freezes All Russian Business Activity Following Ukraine Invasion
Leroy Merlin will continue to work in the Russian Federation and is ready to expand supplies and range (112 stores in Russia). Leroy Merlin's parent company, Adeo, said it was "transferring control" of Leroy Merlin to local management in Russia, where it is among the biggest foreign employers.
EssilorLuxottica restricted operations in Russia, continues to provide essential medical vision care services.
That momentary suspension has now been made ultimate. Because the conflict grinds on and the West makes an attempt to additional isolate Russia, Josef Aschbacher, ESA’s director common, introduced on Tuesday that ties on the rover mission had been reduce for good. Refused to collaborate with Roskosmos on the ExoMars mission
The FATF Plenary on February 24, 2023 has suspended the membership of the Russian Federation. The Ministry of Finance of Ukraine expresses concern over reports of Russia's attempts to blackmail member countries of the International Financial Action Task Force (FATF) on the eve of the FATF plenary meeting in Paris, which will take place on June 19-23. Russia is trying to exert political pressure on its commercial partners to avoid being blacklisted. In particular, Russia demands to oppose any applications of Ukraine or FATF decisions regarding its inclusion in black or gray lists. The International Anti-Money Laundering Group (FATF) did not include Russia in the "black list". The Ministry of Finance and the State Financial Monitoring Service have once again called on the Financial Action Task Force on Money Laundering (FATF) to include Russia in the "blacklist" during the plenary sessions in Paris from October 23 to 27, 2023.
Suspend services in Russia & reduce shipments to and from Russia significantly
Suspend many transactions and cease new financing
The Governor of Sevastopol canceled the state purchase of Citroen cars for officials.
PowerJet, which is registered in France, announced the termination of the contract after the entry into force of EU and US sanctions against Russia, The company stopped supplying spare parts for SaM146, maintenance and repair of engines. In February 2022, the French side stopped the supply of spare parts, technical support and repair of engines, as well as obligations as an engine developer.