Companies That Have Curtailed Russian Operations
- Someone completely closed their business in Russia and left.
- Someone has closed the store, but continues to pay rent and wages to employees.
- Someone sold their business for token money (like Renault for $1 with the right to buy back for the same money).
- Someone essentially changed the name of their business in Russia, like McDonald's - Delicious - period.
- Someone used to think about selling their business in Russia and now they have sold it.
- Someone has already returned.
- And someone didn't leave at all.
Compiled by Jeffrey Sonnenfeld, Updated May 16, 2022 © Yale Chief Executive Leadership Institute 2022 the list is constantly growing, but it doesn't change the whole picture
#1. WITHDRAWAL - Clean Break - Surgical Removal, Resection (172 Companies) (Grade: A)
- Aalberts - still operating in Russia - Industrials - Netherlands
- Acerinox - still operating in Russia - Materials - Spain
- Agrana - continue operating plant in Russia - Consumer Staples - Austria
- Agricultural Bank of China - Russian companies open accounts with the bank; decline to comment - Financials - China
- Aimbridge | Interstate Hotels - still operating in Russia - Consumer Discretionary - United States
- Air China - still flying to Russia - Industrials - China
- Air Serbia - still flying to Russia - Industrials - Serbia
- Alibaba - still operating in Russia - Consumer Discretionary - China
- Align Technology - still operating in Russia - Health Care - United States
- Alpina Žiri - distributors in Russia - Consumer Discretionary - Slovenia
- Alumil - Not disclosed publicly - Industrials - Greece
- Amdocs - still cooperating with Russian partners; not disclosed publicly - Information Technology - United States
- Amgen - still operating in Russia - Health Care - United States
- ANT Group - joint venture with the Russian Sovereign Wealth Fund - Information Technology - China
- Auchan-Retail - still operating in Russia - Consumer Staples - France
- Avaya - still supporting Russian partners - Information Technology - United States
- AVL - still operating in Russia - Industrials - Austria
- Bajaj Auto - business as usual - Industrials - India
- Bekaert - still manufacturing for the Russian market - Industrials - Belgium
- Benetton - continue operations in Russia - Consumer Discretionary - Italy
- Bharat Petroleum (BPCL) - bought 2 million barrels of Russian Urals for May loading - Energy - India
- Binbit - Operating in Russia - Information Technology - Mexico
- Bonduelle - still operating in Russia - Consumer Staples - France
- BPW - still cooperating with dealers in Russia; not disclosed publicly - Consumer Discretionary - Germany
- Buzzi Unicem - continue operating plants in Russia - Materials - Italy
- Calzedonia - continue sales in Russia - Consumer Discretionary - Italy
- Camille Albane - franchised salons continue to operate - Consumer Discretionary - France
- CANPACK - still operating in Russia - Industrials - Poland
- Canva - still providing services to Russia - Information Technology - Australia
- Cham Wings - still flying to Russia - Industrials - Syria
- Charoen Pokphand Foods - still operating in Russia - Consumer Staples - Thailand
- Check Point Software - selling cybersecurity products in Russia - Information Technology - Israel
- China Communications Construction Company - planning new infrastructural projects - Industrials - China
- China Construction Bank - Russian companies open accounts with the bank; decline to comment - Financials - China
- China Life Insurance Company - offices in Russia, actively looks for new Russian employees - Financials - China
- China Minmetals - discussing investments with Chinese government to booster stakes in Russian energy and commodity companies - Materials - China
- China Mobile - business as usual - Communication Services - China
- China National Petroleum Corporation - business as usual - Energy - China
- China Railway Construction Corporation - continues to build Vladivostok highway in March 2022 - Industrials - China
- China Railway Engineering Corporation - business as usual - Industrials - China
- China State Construction Engineering - contractor to the Russian state - Industrials - China
- China State Railway Group Company - increasing coal shipments from Russia - Industrials - China
- China United Network Communications - a subsidiary in Russia: China Unicom (Russia) Operations Limited Liability Company; business as usual - Communication Services - China
- Chipita - Not disclosed publicly; still operating in Russia - Consumer Staples - Greece
- Clarins - still selling online in Russia - Consumer Discretionary - France
- CLINTON - still operating in Russia (Camp David) - Consumer Discretionary - Germany
- Cloudflare - continue sales & services in Russia - Information Technology - United States
- Coal India - expecting highest import level in 2 years - Energy - India
- Cofix Coffee - maintains locations in Russia - Consumer Staples - Israel
- Colin's - still selling online - Consumer Discretionary - Turkey
- Corendon Airlines - still flying to Russia - Industrials - Turkey
- Cremonini Group - continue sales in Russia - Consumer Staples - Italy
- De Cecco - continue sales and operations in Russia - Consumer Staples - Italy
- Deep in Russia - still offering trips to Russia - Industrials - Belgium
- Dessange International - still operating salons in Russia - Consumer Discretionary - France
- Diadora - still operating in Russia through local retailers; no public statement - Consumer Discretionary - Italy
- Didi - explicitly reversed decision to exit Russia - Industrials - China
- Diesel - still operating in Russia; not disclosed - Consumer Discretionary - Italy
- Doka - still manufacturing in Russia; not disclosed - Industrials - Austria
- Donaldson Company - continues sales to Russia - Industrials - United States
- Dr Reddys Labs - business as usual - Health Care - India
- Duol - still operating in Russia - Consumer Discretionary - Slovenia
- Egger - still operating in Russia - Industrials - Austria
- Egyptair - still flying to Russia - Industrials - Egypt
- ELA Container - still selling in Russia - Industrials - Germany
- ElvalHalcor - Not disclosed publicly - Industrials - Greece
- Emirates Airlines - still flying to Russia - Industrials - United Arab Emirates
- EMS-Chemie - still operating in Russia - Industrials - Switzerland
- Etam - still selling to Russia - Consumer Discretionary - France
- Etihad Airways - still flying to Russia - Industrials - United Arab Emirates
- Eutelsat - provide satellite TV services to Russia - Communication Services - France
- Faurecia - still operating and advertising in Russia - Consumer Discretionary - France
- FAW Group - remains silent on whether they will continue operations - Industrials - China
- Fenzi Group - still operating in Russia - Industrials - Italy
- Fischer Sports - still selling online - Consumer Discretionary - Austria
- Fleetcor - business as usual - Financials - United States
- Flowserve - still operating in Russia - Industrials - United States
- Fluidra - continuing sales in Russia - Consumer Discretionary - Spain
- Fondital - still operating and investing in Russia - Industrials - Italy
- Foraco - still operating in Russia - Energy - France
- Forever Living Products - still operating in Russia - Consumer Discretionary - United States
- Frigoglass - still operating in Russia - Consumer Staples - Greece
- Gedeon Richter - still operating in Russia - Health Care - Hungary
- Geoplin - still purchasing Russian gas from Gazprom - Energy - Slovenia
- Giorgio Armani - still operating in Russia - Consumer Discretionary - Italy
- Global Fashion Group - still operating in Russia - Consumer Discretionary - Luxembourg
- Globus - still operating in Russia - Consumer Staples - Germany
- Gorenje - still operating in Russia - Consumer Discretionary - Slovenia
- Groupe Le Duff - still operating in Russia - Consumer Discretionary - France
- Groupe Savencia - still operates in Russia - Consumer Staples - France
- Grupo Borges | ITLV - still operating in Russia - Consumer Staples - Spain
- Grupo Fuertes - still operating in Russia - Consumer Staples - Spain
- Hampidjan - still operating in Russia - Industrials - Iceland
- Hard Rock Café - still operating in Russia - Consumer Staples - United States
- Heliski Russia - cooperating with sanctioned individuals - Industrials - France
- Hengli Group - business as usual - Energy - China
- Herend - still operating in Russia - Consumer Discretionary - Hungary
- Hindalco - business as usual - Materials - India
- Hoffmann Group - still operating and advertising in Russia - Industrials - Germany
- Honor - business as usual - Information Technology - China
- Huntsman Corporation - still operating in Russia - Materials - United States
- Ideal Molde - still selling to Russia - Industrials - Portugal
- Indian Oil Corporation - signed new deal to import Russian oil - Energy - India
- Industrial Bank (China) - offices operating in Moscow, did not answer for Reuters' calls for commenting on that - Financials - China
- International Baccalaureate Organization - still offers professional development services to Russian teachers - NGO - Netherlands
- International Paper - still operating in Russia - Materials - United States
- IQVIA - still operating and actively hiring - Industrials - United States
- Itochu - continues oil & gas exploration partnerships - Consumer Staples - Japan
- JD.com - business as usual - the Russian store is still fully operational - Industrials - China
- JDE Peet's - still operating in Russia - Consumer Staples - Netherlands
- Jean Cacharel - still selling and advertising in Russia - Consumer Discretionary - France
- JSW Steel - business as usual - Materials - India
- Kemin - still operating in Russia; declined to commend - Health Care - United States
- Kidzania - Operating facility in Russia - Utilities - Mexico
- Kleemann - Not disclosed publicly - Industrials - Greece
- Knarr Maritime - members still operating in Russia - Industrials - Iceland
- Koch Industries - still operating in Russia - Industrials - United States
- Kotanyi - still exporting to Russia - Consumer Staples - Austria
- Krka - still operating in Russia - Health Care - Slovenia
- Kronospan - still operating in Russia - Materials - Austria
- Kweichow Moutai - business as usual - Consumer Staples - China
- La Redoute - still selling products to Russia - Industrials - France
- Lacoste - still operating in Russia - Consumer Discretionary - France
- LACTALIS - still operating in Russia - Consumer Staples - France
- Larsen & Toubro - business as usual - Real Estate - India
- Legrand - still operating in Russia - Industrials - France
- Lemken - still operating and advertising in Russia - Industrials - Germany
- Leptos Estates - continues operations in Russia - Real Estate - Cyprus
- Leroy Merlin - still operating in Russia - Consumer Discretionary - France
- Letique Cosmetics - maintains stores in Russia - Consumer Staples - Latvia
- Liebherr - No action taken; still operating in Russia - Industrials - Switzerland
- Lisec - still operating in Russia - Industrials - Austria
- Luka Koper - continuing trans shipments - Industrials - Slovenia
- Mahindra & Mahindra - business as usual - Industrials - India
- Makita - still working with dealers in Russia - Industrials - Japan
- Makrochem SA - still operating in Russia - Industrials - Poland
- Match Group - continue to operate in Russia including Tinder - Information Technology - United States
- Maxam - still operating in Russia - Materials - Spain
- Medtronic - continue operating subsidiary in Russia - Health Care - United States
- Menarini Group - continue operating plant in Russia - Health Care - Italy
- Metro - still operating in Russia - Consumer Staples - Germany
- Micro-Star International Co. (MSi) - still operating in Russia - Information Technology - Taiwan
- Mitsubishi Heavy Industries - still operating in Russia - Industrials - Japan
- Mitsui - continuing operations within sanctions compliance - Energy - Japan
- Mizuho Financial Group - still operating in Russia - Financials - Japan
- Mod's Hair - still operates in Russia - Consumer Discretionary - France
- MOLGroup - still operating in Russia - Energy - Hungary
- Mondi - continue operations in Russia - Materials - United Kingdom
- New Yorker Marketing & Media GmbH - continue to operate and open new stores - Industrials - Germany
- Nippon Telegraph and Telephone Corporation - continues to operate cloud services in Russia - Communication Services - Japan
- Nor-Maali - still operating in Russia - Industrials - Finland
- NTT Data - still operating and actively hiring - Information Technology - Japan
- Oasis Logistics Corp - “We are actively exploring opportunities to work with our Russian partners” - Industrials - China
- OBO Bettermann - still operating in Russia - Industrials - Germany
- OCSiAl - still running research center and branch - Information Technology - Luxembourg
- OKI - still operating in Russia; not disclosed - Information Technology - Japan
- ONGC - aggressive selling of Russian Sokoil to other Indian Nationalised Energy corps - Energy - India
- Oppo - business as usual - Information Technology - China
- Orano - still operating in Russia - Energy - France
- Paccar - still active in Russia; deny comments - Industrials - United States
- Pegasus - still flying to Russia - Industrials - Turkey
- Pidilite Ind - business as usual - Materials - India
- Plastika Kritis - Not disclosed publicly - Industrials - Greece
- Poly Real Estate - a sister company is Poly Technologies, one of China's largest arms exporters and has been sanctioned by the United States; in Russian tax registry - Real Estate - China
- PowerChina - cooperating with a Russian bank "Solidarnost" on off-shore projectes - Energy - China
- Projahn - still operating in Russia through a subsidiary - Industrials - Germany
- Provalliance Group (Jean Louis David) - affiliates still operating in Russia - Consumer Discretionary - France
- Qatar Airways - still flying to Russia - Industrials - Qatar
- Raba - maintain commerical ties with Russian Kamaz - Industrials - Hungary
- Rabe Moden - still advertising and selling to Russia via Telegram - Consumer Discretionary - Germany
- Raiffeisen Bank International - still operating in Russia - Financials - Austria
- Riko - still operating in Russa - Industrials - Slovenia
- Riot Games - still operating in and selling to Russia - Consumer Discretionary - United States
- Russia Fachspedition Dr. Lassmann - still operating in Russia - Industrials - Austria
- SAIC Motor - remains operational; plans to increase export - Industrials - China
- Sanatmetal - still operating in Russia - Health Care - Hungary
- Sany Heavy Industries - business as usual - Industrials - China
- Sarantis - still operating in Russia - Consumer Staples - Greece
- Sbarro Pizza - still operating in Russia and allowing placing online orders - Consumer Discretionary - United States
- Schoeller Bleckmann - still operating in Russia - Industrials - Austria
- Semiconductor Manufacturing International Corporation - defies US sanctions by continuting to export to Russia - Industrials - China
- SGS - still operating and actively advertising in Russia - Industrials - Switzerland
- Shanghai Fosun Pharmaceutical - business as usual - Health Care - China
- Sika - still operating in Russia - Industrials - Switzerland
- Société Bic - still operating and actively hiring in Russia - Consumer Discretionary - France
- Stada Arzneimittel - Business as usual - Health Care - Germany
- State Grid Corporation of China - business as usual - Utilities - China
- Storck - continue candy sales in Russia - Consumer Staples - Germany
- Stryker - continue sales and imports to Russia - Health Care - United States
- Sun Pharma - business as usual - Health Care - India
- SWISS KRONO - still operating plant in Russia - Industrials - Switzerland
- Syngenta - still operating in Russia - Health Care - China
- Sæplast - not publically disclosed - Industrials - Iceland
- Tencent - major investment in VK - Communication Services - China
- Tenneco - still operating in Russia; deny comments - Industrials - United States
- TEPCO - continues purchases of Russian gas - Utilities - Japan
- TGI Friday's - still operating in Russia - Consumer Discretionary - United States
- The China Coal Transportation and Distribution Association - big power plants and about 20 Russian coal companies discussed plans to increase bilateral trade - Energy - China
- Titan International - still operating in Russia - Industrials - United States
- TomTom - still operating in Russia - Information Technology - Netherlands
- Triumph - still operating in Russia - Consumer Discretionary - Switzerland
- Turkish Airlines - still flying to Russia - Industrials - Turkey
- UniCredit - Still operating in Russia - Financials - Italy
- Valeo - still operating in Russia - Consumer Discretionary - France
- Valve - still providing services to Russia - Consumer Discretionary - United States
- Vanke - business as usual - Utilities - China
- Veolia - still operating in Russia - Utilities - France
- Vinci SA - still operating in Russia - Industrials - France
- Vivo - still operating in Russia - Industrials - China
- Wanhua Chemical Group - still operating in Russia - Materials - China
- Wienerberger - still operating in Russia - Industrials - Austria
- WIKA - still operating in Russia - Industrials - Germany
- Xibao Metallurgy Materials Group - building a refractory material plant in Lipetsk, Russia - Industrials - China
- Zimmer Biomet - continues sales in Russia - Health Care - United States
- ZTE - business as usual - Communication Services - China
- Zwack - Not disclosed publicly - Consumer Staples - Hungary
- Buying Time - - -
- Holding Off New Investments/Development (155 Companies) (Grade: D) - - -
- - - -
- Companies postponing future planned investment/development/marketing while continuing substantive business... - - -
- - - -
- Name - Action - Industry - Country
- Abbott Laboratories - suspend non-essential business activity - Health Care - United States
- Abbvie - suspend aesthetics operations, pause new clinical trials - Health Care - United States
- Accor - suspend new investments/development - Consumer Discretionary - France
- Accumalux - still operating plant in Togliatti, Russia - Industrials - Luxembourg
- Aegon - ending new investments where has control over fund - Financials - Netherlands
- Air Liquide - Some clients no longer supplied, others scaled down; all Russian investments on hold - Materials - France
- Airbus - suspend supply of parts and deliveries/servicing, t but continue substantial titanium purchases from Russia - Industrials - Netherlands
- Akrapovič - still operating in Russia - Consumer Discretionary - Slovenia
- Alcon - suspend new investments and new clinical trial enrollment in Russia - Health Care - Switzerland
- AmerisourceBergen - cease new business initiatives but continue existing clinical trials, and distributing health products - Health Care - United States
- Andbank - investigate if Russian customers are subject to European sanctions - Financials - Andorra
- Andritz - suspend unspecified new business in Russia for time being - Industrials - Austria
- Anecoop - diverting sales away from Russia - Consumer Staples - Spain
- Archer Daniels Midland (ADM) - unspecified scaling down of non-essential operations - Consumer Staples - United States
- Arconic - pause new contracts but continue existing - Materials - United States
- AstraZeneca - halt new investments/new clinical trials - Health Care - United Kingdom
- Aviva - suspend new Russian investments - Financials - United Kingdom
- Baker Hughes - paused new investments/development - Energy - United States
- Bang & Bonsomer - suspend new investments but still operating in Russia - Industrials - Finland
- Barilla - all new investments and advertising activities on hold; limit Russia production to pasta and bread - Consumer Staples - Italy
- Barry Callebaut - suspend capital investment - Consumer Staples - Switzerland
- Bayer - stopping unspecified non-essential business activity - Health Care - Germany
- Binance - restrict Russian accounts with over €10,000 - Financials - China
- BlaBlaCar - Stopped new investment but stays in Russia - Information Technology - France
- Boiron - suspend new investments & stop clinical trials - Health Care - France
- Bolt - remove all Russia-manufactured and Russian-branded goods - Information Technology - Estonia
- Calfrac Well Services - suspension of new investments in Russia - Energy - Canada
- Campari - continue sales in Russia but suspend new investments - Consumer Discretionary - Italy
- CAPRI Holdings (Versace, Michael Kors, Jimmy Cho) - online orders unavailable but still advertising; no information about on-site sales - Consumer Discretionary - United States
- Cargill - unspecified scaling down of non-essential operations - Consumer Staples - United States
- Carmim - suspend some orders in backlog - Consumer Staples - Portugal
- Citadele Banka - still allows transactions to Russia but introduced more thorough checks - Financials - Latvia
- Colgate-Palmolive - continue essential health and hygiene products - Consumer Staples - United States
- Corticeira Amorim - commerical activity suspended - Consumer Discretionary - Portugal
- Crèdit Andorrà - investigate if Russian customers are subject to European sanctions - Financials - Andorra
- Danone - suspend all investment projects but continue dairy products; suspend imports of Evian and Alpro products - Consumer Staples - France
- Deceuninck - stop investments & cut links with other establishments - Industrials - Belgium
- Delonghi - paused new shipments and investments - Consumer Discretionary - Italy
- DMK Group - suspend new investments/advertising but continue sales and plant operations in Russia - Consumer Staples - Germany
- Domino's Pizza - suspend royalty payments & limit investment – restaurants remain open - Consumer Discretionary - United States
- dōTERRA - suspend new investment in Russia - Consumer Staples - United States
- Dr. Theiss - suspend advertisement - Health Care - Germany
- Ecco - suspend new investments still operating in Russia - Consumer Discretionary - Denmark
- Eesti Gaas - continues to import Russian gas but is looking for alternatives - Energy - Estonia
- Ehrmann - continue sales in Russia but suspend new investments - Consumer Staples - Germany
- Ekosem Agrar AG - restructuring finances - Consumer Staples - Germany
- Eli Lilly - suspend new investments and clinical trials - Health Care - United States
- Engie - no new investments - Utilities - France
- ESL - ban people with ties to Russian government - Utilities - Germany
- FL Smidth - no new business - Industrials - Denmark
- FM Global - stopped renewing and underwriting new reinsurance - Financials - United States
- Focus Brands - Cinnabon - no new investments and expansion plans on hold - Industrials - United States
- GEA Group - suspend new investments - Industrials - Germany
- Geox - suspend new investments - Consumer Discretionary - Italy
- GlaxoSmithKline - stopped advertising/new clinical trials in Russia - Health Care - United Kingdom
- Glencore - stop entering into new Russian commodities trading contracts but continue holding substantive Russian equity stakes - Materials - Switzerland
- Greif - canceled future investments in Russia - Materials - United States
- GROUPE LIMAGRAIN/JACQUET-BROSSARD - continues flows to Russian and Ukrainian producers but suspends its project to build a seed factory in Russia - Industrials - France
- Groupe Seb - suspend new investments and "sharply" reduce activities in Russia - Consumer Discretionary - France
- Gruma - halt new investments in Russia - Consumer Staples - Mexico
- GXO Logistics - suspend new investments - Industrials - United States
- Hellenic Bank - maintain rep offices in Russia; observe all banking sactions - Financials - Cyprus
- Hellenic Petroleum - seeks new oil supplier to replace Russian oil - Energy - Greece
- HERZ - no new business in Russia - Consumer Discretionary - Austria
- Hilton - suspend new investments/close corporate office - Consumer Discretionary - United States
- Hines - suspend new investments in Russia - Industrials - United States
- HiPP - suspend investments in Russia but continue substantive operations - Consumer Staples - Switzerland
- Hochland - suspend investments but continues sales and plant operations in Russia - Consumer Staples - Germany
- HSBC - curtail Russian access to capital markets and limit new business - Financials - United Kingdom
- Huawei - suspend new orders and furlough some staff - Information Technology - China
- Hyatt - suspend investments and new developments - Consumer Discretionary - United States
- Icosagen - not start any new projects - Industrials - Estonia
- ID Logistics - suspend new investment in Russia - Industrials - France
- Idexx Labs - suspend minor operations and new investments - Health Care - United States
- ING Bank - pause all new business - Financials - Netherlands
- Ingram Micro - no new business in Russia - Information Technology - United States
- Intercontinental Hotels - ended new investments/closed corporate office - Consumer Discretionary - United Kingdom
- Intermedia - move some employees out of Russia and ambiguous reduction of risk exposure to Russia - Information Technology - United States
- Intesa Sanpaolo - suspend new investments and curtail new financing - Financials - Italy
- J. Neves & Fihos (JNF) - paused distribution - Industrials - Portugal
- Japan Tobacco - stopped new investments and marketing activities in Russia - Consumer Staples - Japan
- Johnson & Johnson - pause patient enrollment in ongoing trials - Health Care - United States
- Julius Baer - suspend new business in Russia and reduce current exposure - Financials - Switzerland
- KCA Deutag - suspend investments - Energy - United Kingdom
- KDDI Corp - continue operations with local staff - Communication Services - Japan
- Kimberly-Clark - suspend new investments in Russia - Consumer Staples - United States
- Knauf - still operating across 14 sites in Russia but suspend new investments - Materials - Germany
- Kraft Heinz - JBS - stopped new investments and exports/imports from Russia - Industrials - United States
- Kubíček VHS - Stopped cooperation - Industrials - Czech Republic
- Laboratoire Servier - suspending new investments but still operating in Russia - Health Care - France
- Lamb Weston - halted the export of products to/from Russia and suspended investments in new production - Industrials - United States
- Lenovo - reported to suspend operations in Russia - Information Technology - Hong Kong
- Lotos - ready to stop spot purchases of Russian oil - Energy - Poland
- Loulis Mills - search for alternative suppliers - Consumer Staples - Greece
- Maire Tecnimonet - suspended commercial activities; managing existing backlog - Industrials - Italy
- Manitowoc - stopped taking new orders, still maintaining office in Russia - Industrials - United States
- Marel - paused new projects - Consumer Staples - Iceland
- Marriott - suspend new investment/close corp. office - Consumer Discretionary - United States
- Mavenir - continue operating in Russia but very limited curtailment of some activities - -
- Melamin - making up for shortfall from sanctions - Materials - Slovenia
- Merck - no further investments/clinical trial enrollment - Health Care - United States
- Mocapor - paused exports - Industrials - Portugal
- Mohawk Industries - suspend new investments in Russia - Consumer Discretionary - United States
- Mondelez - Nabisco - scaling back unspecified non-essential activities in Russia - Industrials - United States
- National Oilwell Varco - suspend all new investments in Russia - Energy - United States
- Nature's Sunshine - suspend shipments into Russia but not sales - Consumer Staples - United States
- Naust Marine - stopped projects in Russia - Industrials - Iceland
- Nestle - halted non-essential imports/exports to Russia, stopped all advertising, and suspended all capital investment - Consumer Staples - Switzerland
- Nippon Steel - searching to replace Russian supplies - Industrials - Japan
- Novartis - pause all new capital investments, media advertising and other promotions; pause new clinical trials and enrollment of new patients - Health Care - Switzerland
- NTPC - difficulty in transacting with Russian counterparties due to SWIFT issues etc - Utilities - India
- Olam Group - ceased imports into Russia - Consumer Staples - Singapore
- OMV - no new Russian investments; doing strategic review of current Russian gas investments - Energy - Austria
- Palfinger - reduced production - Industrials - Austria
- Pfizer - stopped new investments/clinical trials in Russia - Health Care - United States
- Philips - most operations continue, ended some consumer products - Health Care - Netherlands
- Polpharma - stop all new investments and limit deliveries to essential drugs only - Health Care - Poland
- Pottinger - limited deliveries to Russia sales subsidiary - Industrials - Austria
- Procter & Gamble - scale back unspecified operations in Russia and stop new investments - Consumer Staples - United States
- Red Bull - suspend new investments - Consumer Staples - Austria
- RHI Magnesita - selling down existing stocks in Russia - Industrials - Austria
- Ritter Sport - halt new investments and advertising - Consumer Staples - Germany
- Roche - pause new site activation and patient enrollment; continue operating - Health Care - Switzerland
- Rockwool - cancel new investments in Russia - Industrials - Denmark
- Saipem - halt new investments - Energy - Italy
- Sanofi - halting advertising and promotional spending and new recruitment of patients clinical trials, continue medical supply and treating current patients - Health Care - France
- Sarens - new projects cancelled - Industrials - Belgium
- SC Johnson - stopped new investments and scaled back unspecified operations - Consumer Staples - United States
- Schlumberger - stopped new investment and technology deployment to our Russia operations - Energy - United States
- SCHOTT - suspend investments in Russia - Materials - Germany
- Siemens Energy AG (Independent) - freeze new business in Russia - Industrials - Germany
- Sigma Group - Stopped cooperation - Industrials - Czech Republic
- Signify - suspend only exports to Russia and investments and new business - Consumer Discretionary - Netherlands
- Soudal - cancel investments in a brand new factory in Russia; but maintain other activities - Materials - Belgium
- SRV - outline steps to stop procurement of building materials from Russia - Materials - Finland
- Subway - suspend new investments/advertising - Consumer Staples - United States
- Sumitomo Mitsui Financial - continue operations with local staff - Financials - Japan
- Technip Energies - continuing existing projects; no new business - Energy - France
- TOM Tailor - no official statement; online sales suspended but advertising continues - Consumer Discretionary - Germany
- Toshiba Group - stop all new investments in Russia - Information Technology - Japan
- Toshulin - Stopped cooperation - Industrials - Czech Republic
- Toyota Tsusho - Stopped exports and imports of auto parts to and from Russia - Materials - Japan
- Trafigura - froze investments in Russia - Energy - Singapore
- TZMO - stopped new investments - Consumer Staples - Poland
- Unilever - stopped inports/exports and stopped all advertising and investments - Consumer Staples - United Kingdom
- UnionPay - Suspended issuing bank cards to Russian Banks - Financials - China
- Vestas - continue operations but no new contracts - Energy - Denmark
- Vimeo - not accept new customers from Russia - Utilities - United States
- Wear Medicine - online store shut down; no information about on-site sales - Consumer Discretionary - Poland
- Weatherford International - suspend new investments/deployments in Russia - Energy - United States
- Welltec - suspend all new investments in Russia - Energy - Denmark
- Wintershall Dea AG - maintain Russian natural gas projects and critical infrastructure; write-off Nord Stream2 loans - Energy - Germany
- Xiaomi - reported to suspend operations in Russia - Information Technology - China
- Young Living - suspend new investments in Russia - Consumer Staples - United States
- Yves Rocher - suspend new investments/development - Consumer Staples - France
- Scaling Back - - -
- Reducing Current Operations (141 Companies) (Grade: C) - - -
- - - -
- Companies that are scaling back some significant business operations but continuing some others... - - -
- - - -
- Name - Action - Industry - Country
- ABB - temporarily pausing all new orders and operational activity - Industrials - Switzerland
- Activision Blizzard - suspend new sales of and in our games in Russia - Communication Services - United States
- Adobe - suspend all new sales in Russia and Belarus; current services continue - Information Technology - United States
- AGCO - stop sale of new machines to Russia - Industrials - United States
- AkzoNobel - suspend new investments in Russia; end Aerospace work - Materials - Netherlands
- Allianz - meaningfully reduce exposure to Russia - Financials - Germany
- Amadeus IT Group - suspend partnership with Aeroflot - Information Technology - Spain
- AmRest - suspend operations with some brands in Russia - Consumer Staples - Spain
- ASBIS - amends contracts following new sanctions - Information Technology - Cyprus
- Aspo - reducing operations in Russia - Financials - Finland
- Bacardi - paused exports to Russia but not domestic operations - Consumer Staples - Bermuda
- Bank of Cyprus - maintain loan book; observe banking sanctions - Financials - Cyprus
- Beiersdorf - maintain skin and bodycare products; stop other products - Consumer Staples - Germany
- Black Red White - divesting from Russian subsidiary, still has a significant stake in a company operating in Belarus, which also suspended Russian exports - Consumer Discretionary - Poland
- BNY Mellon - suspend new business activity and investments; continue cooperation with current clients - Financials - United States
- Boehringer Ingelheim - scale back to just supplying medicine - Health Care - Germany
- Bosch - suspend some shipments and plants but not all - Industrials - Germany
- Boston Scientific - suspend all new investment and non-essential activity - Health Care - United States
- Bucher Industries - not specified business activities in Russia were reduced "substantially" - Industrials - Switzerland
- Bunge - suspend exports but continue certain domestic - Consumer Staples - United States
- Bureau Veritas - scaled back - Industrials - France
- Carter's | Oshkosh - stop all shipments of merchandise to Russia - Consumer Discretionary - United States
- Caterpillar - suspend minor Russian manufacturing facilities but not import sales - Industrials - United States
- CHR Hansen - suspend operations outside of staple food products - Industrials - Denmark
- Coca-Cola - suspend certain operations in Russia but continue to operate some chains (Costa Coffee) - Consumer Staples - United States
- Coinbase - block certain illicit Russian accounts but not all - Financials - United States
- Confor Step - Stopped producing or shipping to Russia - Consumer Discretionary - Portugal
- Continental - resumed local production after having previously suspended Russian factory - Consumer Discretionary - Germany
- Corning - suspend almost all sales in Russia except minor life-saving products - Information Technology - United States
- Credit Suisse - stop new business in Russia while meaningfully cutting exposure by 56% - Financials - Switzerland
- Danske Bank - ban Russian investments in customers' portfolios - Financials - Denmark
- DB Schenker - suspend direct shipments to Russia; continue Europe to Kazakhstan and Russia to Kazakhstan routes - Industrials - Germany
- Deere - suspend shipments into Russia only - Industrials - United States
- Discord - suspend renewal of paid and premium products and services for Russian clients; free services still available - Communication Services - United States
- Dover Corporation - ramping down sales activity and focusing on liquidating working capital - Industrials - United States
- Dow - suspend investments/some purchases but not all - Materials - United States
- Eaton - stop shipments to Russia; maintains services - Energy - United States
- Eimskip - reduced operation in Russia - Industrials - Iceland
- Elanco - scale back to critical products to ensure food security - Health Care - United States
- Elsevier - suspended all sales except essential health products - Communication Services - Netherlands
- Emerson Electric - Stops Emerson Business, still operating through Metran - Industrials - United States
- Enel - suspend current investments; working to divest current assets - Utilities - Italy
- Epic Games - stop in-game commerce for Russia - Consumer Discretionary - United States
- FANUC - stopped shipments and limited service - Information Technology - Japan
- Ferrero - suspend non-essential business activity - Consumer Staples - Italy
- Fieldfisher - terminate certain Russian relationships - Industrials - United Kingdom
- FIGMA - continue current business & stop all new sales efforts in Russia - Information Technology - United States
- Fortive - suspend most operations except medical essentials - Industrials - United States
- GE - stopped sales in Russia and Belarus except medical equipment and support for electric power generation and transmission - Industrials - United States
- General Mills - suspended sales of global brands in its JV - Consumer Staples - United States
- Georg Fischer - temporary suspension of deliveries to Russia - Industrials - Switzerland
- Goldman Sachs - wind down business in Russia but buy Russian debt - Financials - United States
- Groupe BPCE - suspend many transactions and cease new financing - Financials - France
- Halliburton - suspend future business in Russia and wind down current - Energy - United States
- Hellenic Bottling Company - vaguely suspend some operations in Russia - Consumer Staples - Greece
- Herbalife - suspend sales and shipments to Russia but independent sellers remain operational - Consumer Staples - United States
- HILTI - limiting sales and workforce in Russia - Industrials - Liechtenstein
- Hostinger - stop accepting payments for new purchases and renewals - Information Technology - Lithuania
- Idemitsu Kosan - stop coal imports; lubricants business unchanged - Energy - Japan
- IndusInd Bank - can no longer clear rupee rouble conversions - Financials - India
- Ingersoll Rand - scale back to only health critical services - Industrials - United States
- Ingka - stop all exports, IKEA production; keep open retail centers (Mega) - Consumer Discretionary - Netherlands
- Inspire Brands (Dunkin' Donuts, Baskin Robins) - halt corporate support for franchisees - Consumer Discretionary - United States
- International Biathlon Union - Russians to compete as neutral athletes - NGO - Austria
- IPG Photonics - suspend new investments and reduce manufacturing in Russia - Information Technology - United States
- Iskratel - paused some business with Russia - Communication Services - Slovenia
- Iveco - suspend deliveries to Russia; truck JV still in operations - Industrials - Italy
- J&T Finance Group - curb its activities in Russia - Financials - Slovakia
- JPMorgan - wind down business in Russia but buy Russian debt - Financials - United States
- Kellogg - suspend new investments except essentials (minor) - Consumer Staples - United States
- Kotak Mahindra - paused transaction through cards in Russia - Financials - India
- Legal & General - reduce exposure - Financials - United Kingdom
- Linde - divest certain industrial assets and suspend new development/investments - Materials - Germany
- Loyalty Ventures - scaled back most services and stopped new sales - Information Technology - United States
- Luxottica - restrict Russian operations to medical services - Consumer Discretionary - Italy
- LyondellBasell - end all business with state-controlled entities - Materials - Netherlands
- Mars - scale back business and stopped advertising/new investments/exports in Russia - Consumer Staples - United States
- Marubeni - scaling down but still in numerous projects across Russia - Industrials - Japan
- Maruti Suzuki - suspend car exports - Industrials - India
- Mashreqbank - halt loans to Russia - Financials - United Arab Emirates
- Microsoft - suspend new sales in Russia but continue existing access - Information Technology - United States
- Miele - suspend operations except exempt healthcare - Consumer Discretionary - Germany
- Milliken & Co - still operating in Russia - Materials - United States
- Miro - close office in Moscow & pause new sales - Information Technology - Netherlands
- Mitsubishi UFJ Financial Group - Japanese expats working for MUFG Bank (Eurasia) have moved out of Russia to work outside of the country on a temporary basis - Financials - Japan
- Nalco Water (Ecolab) - suspended services except services critical to health - Industrials - United States
- Natura - suspend some subsidiary operations but not all - Consumer Staples - United States
- NielsenIQ - suspend consulting service but not core business - Industrials - United States
- Nokian Tyres - meaningfully reduce production in Russia - Consumer Discretionary - Finland
- Nordea Bank - stop processing payments to and from Russia & Belarus - Financials - Finland
- Norsk Hydro - reduced deliveries and supplies to the contractual minimum for some commitments, and is suspending deliveries and supply in several contracts - Materials - Norway
- Novo Nordisk - continue some operations - Health Care - Denmark
- Oriflame Cosmetics - suspend online sales to end consumers but not others - Consumer Staples - Switzerland
- Orion - stop exports to Russia - Health Care - Finland
- Orsted - end coal and biomass purchases, refuse to pay for gas in roubles - Energy - Denmark
- Otis Worldwide - exploring options for exit; while no new investments/new contracts but fulfill existing agreements - Industrials - United States
- OTP Bank - wind down corporate lending - Financials - Hungary
- Paul Wurth - stopped new business, closed sites, and scaled back serviceds - Industrials - Luxembourg
- Pepsi - suspend operations in Russia except essentials - Consumer Staples - United States
- Phibro Animal Health Corp - curtail some operations (i.e. ethanol) and substantial sales hit - Health Care - United States
- Philip Morris - explore strategic alternatives, while stop new investments including $150MM, paused marketing, canceled product launches - Consumer Staples - United States
- Pirelli - suspend new investments in Russia and scale back production - Consumer Discretionary - Italy
- PKN Orlen SA - stopped maritime oil shipments, diversifying supply - Energy - Poland
- Playtika - temporarily block new downloads games in Russia - Information Technology - Israel
- PPG - scale back majority of operations and suspend new investments in Russia - Materials - United States
- Rosenbauer - no new business; continue servicing fire engine pumps in Russian JV - Industrials - Austria
- Royal DSM - stopped all operations in Russia other than basic food/feed/essential health activities - Materials - Netherlands
- Sabre - suspend certain partnerships with Aeroflot - Information Technology - United States
- Saint-Gobain - suspend exports and imports but not local operations - Industrials - France
- SAP - stop all sales to Russia and shut down cloud operations but some carveouts - Information Technology - Germany
- SBI - stopped processing transactions of sanctioned Russian entities - Financials - India
- Schaeffler - stop deliveries to Russia; continue manufacturing in Russia - Industrials - Germany
- Scopely - suspend marketing and commerce - Utilities - United States
- SEB - scaling down operations in Russia - Financials - Sweden
- SHV - suspend new investments, new projects, new exports; continue to work with suppliers and customers in Russia - Energy - Netherlands
- Sinopec - suspend $500MM new investment and significant operations and partnerships - Energy - China
- Skadden - suspend certain operations in Russia but not all - Industrials - United States
- Sketchers - suspended shipments to Russia but online sales continue - Consumer Discretionary - United States
- Tchibo - suspend coffee deliveries but not other lines - Consumer Staples - Germany
- Tennant - substantially suspending sales to Russia - Consumer Discretionary - United States
- Terex Corporation - stop accepting new orders from continuing dealer network in Russia - Industrials - United States
- Tetra Pak - stopped new investments and scaled down activities - Industrials - Sweden
- ThyssenKrupp - Stopped new business and investments. Closed plant - Materials - Germany
- Tikkurila - reduce Russian operations; stop sales to aerospace - Materials - Finland
- Tokio Marine - suspend new contracts and repatriate employees - Financials - Japan
- Total Energies - no longer will provide capital for new projects in Russia/stop purchasing Russian oil - Energy - France
- Triglav Group - not renewing or entering into new business - Financials - Slovenia
- Tungsram - stopped producing products and projects - Utilities - Hungary
- U.S. Polo Assn. - stopped all shipments of goods into Russia and shut down all branded digital operations but phased approach to closing physical stores - Consumer Discretionary - United States
- UBS - suspend new business in Russia and reduce current exposure by helping clients unwind Russia securities; reducing Russian client services - Financials - Switzerland
- Uniper SE - suspend new Russian gas purchases/divest Unipro - Utilities - Germany
- Valentino - suspend online sales; no information about on-site sales - Consumer Discretionary - Italy
- Vattenfall - shifting energy purchases away from Russia - Utilities - Sweden
- Wartsila - suspend all deliveries and new sales to Russia; continue ongoing projects - Industrials - Finland
- Westinghouse Air Brake Technologies Corp - stopped sales to Russia - Industrials - United States
- Whirlpool - limiting production in Russia - Consumer Discretionary - United States
- Wilo - stop shipments to and from Russia; no comment about production in Russia - Industrials - Germany
- Wolters Kluwer - scale back to just health products in Russia - Financials - Netherlands
- Yum Brands - suspend operations of company-owned restaurants and new investments in Russia - Consumer Discretionary - United States
- ZF Friedrichshafen - stop all deliveries to Russia; maintain JVs - Industrials - Germany
- Zoetis - suspend investments & focus on supply of medicines and vaccines - Health Care - United States
- Suspension - - -
- Keeping Options Open for Return (452 Companies) (Grade: B) - - -
- - - -
- Companies temporarily curtailing most or nearly all operations while keeping return options open... - - -
- - - -
- Name - Action - Industry - Country
- 3M - suspend operations in Russia - Industrials - United States
- AAK - halted delivery and sales - Consumer Staples - Sweden
- AB InBev - sold stake in Efes - Consumer Staples - Belgium
- Abrdn - suspend investments in Russia and reduce exposure - Financials - United Kingdom
- ACCA - suspend operations in Russia and Belarus - Industrials - United Kingdom
- Acer - suspend its business in Russia - Information Technology - Taiwan
- Acne Studios - put all Russian activities on hold - Consumer Discretionary - Sweden
- Adidas - suspend operations in Russia - Consumer Discretionary - Germany
- ADP - suspend sales/services to Russia - Information Technology - United States
- AICPA - suspend sale and delivery of services indefinitely - Industrials - United States
- Air Astana - suspend flights to Russia - Consumer Discretionary - Kazakhstan
- Air Malta - suspend all flights to and from Russia - Industrials - Malta
- Airbnb - block bookings and block accepting guests in Russia - Consumer Discretionary - United States
- Akamai - suspend sales in Russia - Information Technology - United States
- Akin Gump - suspend operations in Russia - Industrials - United States
- AL-KO Vehicle Technology - suspend deliveries to Russia and Belarus - Industrials - Germany
- Alaska Airlines - temporarily suspend partnership with Russian airline - Industrials - United States
- Alimentation Couche-Tard - suspend operations - Consumer Staples - Canada
- Alphabet - suspend all operations in Russia - Communication Services - United States
- Alstom - suspend shipments to Russia - Industrials - France
- AM Best - suspend all commercial activities to Russian clients - Information Technology - United States
- Amazon - suspend operations in Russia - Consumer Discretionary - United States
- Ambarella - suspend shipments into Russia - Information Technology - United States
- AMD - suspend all sales to Russia - Information Technology - United States
- Amer Sports - suspend all commercial activities in Russia - Consumer Discretionary - Finland
- American Airlines - pause agreements with Russian airlines - Industrials - United States
- American Express - suspend operations in Russia - Financials - United States
- Amica - suspended Russian exports - Consumer Discretionary - Poland
- Amway - suspend operations in Russia - Consumer Staples - United States
- Analog Devices - suspend sales to Russia according to sanctions - Industrials - United States
- Ansys - suspend all sales and business activity - Information Technology - United States
- Aon PLC - suspend operations in Russia - Financials - United Kingdom
- Apple - suspend all sales - Information Technology - United States
- Arla - suspends all operations - Consumer Staples - Denmark
- ARM - suspend shipments according to sanctions - Information Technology - United Kingdom
- Asian Infrastructure Investment Bank - curtail Russian access to capital markets - Financials - China
- Asos - suspend all shipments to Russia - Consumer Discretionary - United Kingdom
- Association of International Certified Professional Accountants - indefinite suspension of services within Russia - Industrials - United States
- Aston Martin - suspend all shipments to Russia - Consumer Discretionary - United Kingdom
- Asus - suspend shipments to Russia - Information Technology - Taiwan
- Atlas Copco - suspend deliveries in Russia - Industrials - Sweden
- Atlassian - suspend software sales to Russia - Information Technology - Australia
- Audi - suspend operations at Kaluga assembly plant - Consumer Discretionary - Germany
- Authentic Brands Group - Reebok - successfully completed suspension of all operations - Industrials - United States
- Autodesk - suspend operations in Russia - Information Technology - United States
- Avast - suspend all operations in Russia - Information Technology - Czech Republic
- AXA - stop underwriting new insurance & stop renewals - Financials - France
- AXA Investments Managers - pause investments & prohibit new subscriptions - Financials - France
- Azerbaijan Airlines - suspend flights to Russia - Industrials - Azerbaijan
- B Lab - suspend Russian companies from obtaining certifications - NGO - United States
- Badminton World Federation - cancel all tournaments - NGO - Malaysia
- Bain - suspend consulting for all Russian businesses - Industrials - United States
- Bang & Olufsen - suspended deliveries and sales to Russia - Consumer Discretionary - Denmark
- Bank of China - curtail Russian access to capital markets - Financials - China
- BCG - suspend operations; Moscow office open - Industrials - United States
- Bentley - suspend all shipments to Russia - Information Technology - United States
- Bentley Systems - pause sales to Russia & Belarus - Information Technology - United States
- Big Fish Games - suspend downloadable game business in Russia - Communication Services - United States
- Bitdefender - suspend all sales to Russia - Information Technology - Romania
- BlackBerry - cease all activities in Russia - Information Technology - Canada
- BMC - suspend all business with Russia & Belarus - Information Technology - United States
- BMW - suspend exports to and production in Russia - Consumer Discretionary - Germany
- BNP Paribas - suspend new business in Russia/curtail financing - Financials - France
- Boeing - suspend operations in Russia/titanium purchases - Industrials - United States
- Bombardier - restrict Russian business - Industrials - Canada
- Boohoo Group - suspend all shipments to Russia - Consumer Discretionary - United Kingdom
- Booking - suspend bookings in Russia - Consumer Discretionary - United States
- Boosteroid Cloud Gaming - suspend services to Russia - Information Technology - United Arab Emirates
- Boryszew - suspended operations in Russia - Materials - Poland
- Brav - suspend sales and operations in Russia - Consumer Discretionary - Norway
- Bridgestone Tire - suspend manufacturing in Russia and shipments into - Industrials - Japan
- Brown-Forman - suspend commercial operations in Russia - Consumer Staples - United States
- BUDVAR Centrum Sp. z.o.o. - - Industrials - Poland
- Budweiser Budvar - suspends production and supply of beer - Consumer Staples - Czech Republic
- Bulgaria Air - suspend flights to Russia - Industrials - Bulagria
- Bulgarian Postbank - stop operations in Russian ruble - Financials - Bulgaria
- Burberry - suspend all shipments to Russia - Consumer Discretionary - United Kingdom
- Burger King (Restaurant Brands) - halt corporate support for franchises - Consumer Staples - United States
- Buta Airways - suspend flights to Russia - Industrials - Azerbaijan
- Canada Goose - suspend all shipments to Russia - Consumer Discretionary - Canada
- Canadian Tire - close Russia stores - Consumer Discretionary - Canada
- Canon - suspend deliveries in Russia - Information Technology - Japan
- Canonical - suspend support & professional services - Information Technology - United Kingdom
- Capgemini - stop services to Russia - Information Technology - France
- Cargolux - suspend all shipments into and through Russia - Industrials - Luxembourg
- Cargotec - stop all sales to Russia & Belarus - Industrials - Finland
- CBRE - discontinue Russian business - Real Estate - United States
- CCC - suspends operations in Russia (delivery to Russia, further expansion) - Information Technology - Poland
- CD Projekt - suspends sales of products in Russia & Belarus - Communication Services - Poland
- CERN - suspend Russia's obeserver status; halt new collaborations - NGO - Switzerland
- Chanel - suspend all operations in Russia - Consumer Discretionary - France
- Chevron - Pausing all transactions and sales of refining products, lubricants, and chemicals - Energy - United States
- Chipperfield - suspend operations in Russia - Industrials - United Kingdom
- Cie Automotives - temporarily shut down aluminum plant - Consumer Discretionary - Spain
- Ciena - suspend business operations in Russia - Information Technology - United States
- Cisco - suspend all operations in Russia - Information Technology - United States
- Citi - expand the scope of the exit process - Financials - United States
- Citrix - suspend all sales to Russia - Information Technology - United States
- Cleary Gottlieb - suspend Russian operations - Industrials - United States
- Clorox - suspend business activity in Russia - Consumer Staples - United States
- Clutch - suspend all business activity - Industrials - United States
- CMA CGM - suspend all shipments to Russia - Industrials - France
- CME Group - suspend acceptance of certain Russian commodities - Financials - United States
- CNH Industrial - suspend sales to Russia - Industrials - United Kingdom
- Cogent Communications - cut all internet to Russia - Communication Services - United States
- Commerzbank - suspend operations in Russia - Financials - Germany
- Conde Nast - suspend all publishing operations - Utilities - United States
- Conformis - suspend distribution operations in Russia - Health Care - United States
- Costco - stopped purchases from Russia - Consumer Discretionary - United States
- Coupa - suspend operations in Russia - Information Technology - United States
- Coursera - platform available; refrain from financial benefits from the region; suspend some content - Consumer Discretionary - United States
- Credit Agricole - suspend all services in Russia - Financials - France
- Crocs - suspend D2C business - Consumer Discretionary - United States
- Cyprus Airways - suspend flights to Russia - Industrials - Cyprus
- d&b audiotechnik - suspend all shipments to Russia - Consumer Discretionary - Germany
- DACHSER - suspend deliveries to Russia - Utilities - Germany
- Daimler Truck - freeze activities in Russia - Consumer Discretionary - Germany
- Damen - stop supplying ships to Russia, halt new contracts - Industrials - Netherlands
- Danaher - suspended shipments to Russia except for humanitarian medical products - Industrials - United States
- Dassault Aviation - suspend all shipments to Russia - Industrials - France
- Dassault Systèmes - suspend business operations in Russia - Information Technology - France
- Debevoise & Plimpton - suspend operations in Russia - Industrials - United States
- Decathlon - suspend the operation of its stores in Russia - Consumer Discretionary - France
- Deckers - suspend business in Russia - Consumer Discretionary - United States
- Dell - suspend all shipments to Russia - Information Technology - United States
- Denso - suspend all shipments into Russia - Industrials - Japan
- Depositphotos - stop all sales and services to Russia - Utilities - Ukraine
- Deutsche Bank - wind down business in Russia - Financials - Germany
- DHL - suspend all shipments to Russia - Industrials - Germany
- Diageo - suspend all shipments to Russia - Consumer Staples - United Kingdom
- Diebold Nixdorf - suspend shipments and sales of any kind into Russia. - Information Technology - United States
- DirecTV - cut Kremlin backed TV networks - Communication Services - United States
- Discover - suspend efforts to establish Russian presence - Communication Services - United States
- Disney - pause new content releases - Communication Services - United States
- DKV Mobility - stop all activity for Russian domestic business - Information Technology - Germany
- DPD - suspend shipments to Russia - Industrials - Germany
- DSV A/S - suspend all shipments to Russia - Industrials - Denmark
- DuPont - suspend operations in Russia and Belarus - Materials - United States
- EDF - suspend Moscow office - Utilities - France
- eDreams ODIGEO - cease all operations involving Russia - Consumer Discretionary - Spain
- Edrington - suspend all shipments to Russia - Consumer Staples - United Kingdom
- Egon Zehnder - stop operations in Russia - Industrials - United States
- Electrolux - suspending all shipments into Russia - Consumer Discretionary - Sweden
- Elopak - suspends all activities - Materials - Norway
- Embraer - suspend supplying parts and services to Russia - Industrials - Brazil
- Epiroc - pause all deliveries to Russia and no operations domestically - Consumer Staples - Sweden
- Eppendorf SE - suspend exports to Russia; keep rep office open - Health Care - Germany
- Epson - suspend exports to Russia & Belarus - Consumer Discretionary - Japan
- Equinix - suspend Russian partnerships and customers - Real Estate - United States
- Ericsson - suspend all shipments to Russia - Information Technology - Sweden
- ESET - suspend all sales to Russia - Information Technology - Slovakia
- Estee Lauder - suspend operations in Russia - Consumer Staples - United States
- European University Association - cease cooperation with governmental agencies in Russia - NGO - Belgium
- Exiger - halting all activity and due diligence in Russia - Information Technology - United States
- Exor - holding company's assets are suspending operations - Financials - Netherlands
- FedEx - suspend all shipments to Russia - Industrials - United States
- Ferrari - suspend sales in Russia - Consumer Discretionary - Italy
- FIDE - suspend Russian & Belarussian teams from participation in tournaments - NGO - Switzerland
- Finnlines - suspend all traffic to Russia - Industrials - Finnland
- Fiverr - suspend business - Consumer Discretionary - Israel
- Ford - suspend joint ventures in Russia - Consumer Discretionary - United States
- Foster + Partners - stop work on projects in Russia - Industrials - United Kingdom
- Fugro - suspend all projects in Russia - Energy - Netherlands
- Fujitsu - cease orders and shipments to Russia - Consumer Discretionary - Japan
- Galp - suspend Russian oil-product purchases; eliminate Russian exposure - Energy - Portugal
- Ganni - freeze all trade with Russia - Consumer Discretionary - Denmark
- Gap Inc - stopped shipments to franchisees in Russia - Consumer Discretionary - United States
- Garmin - stop all future trade with Russia - Information Technology - United States
- Geberit - discontinue all operations in Russia but continue to pay employees - Industrials - Switzerland
- Gestamp - stopped production - Consumer Discretionary - Spain
- GetYourGuide - suspend all Russian operations - Consumer Discretionary - Switzerland
- GM - suspend all shipments to Russia - Consumer Discretionary - United States
- Goodyear - suspend shipments of tires to Russia - Consumer Discretionary - United States
- Graphisoft - suspended new activities, disabled access to our commercial services in Russia - Information Technology - Hungary
- Grundfos - suspend all operations and sales in Russia - Industrials - Denmark
- Grupo Antolín - suspend operations in Russia - Consumer Discretionary - Spain
- Grupo Bimbo - Suspended distribution of the Bimbo Brand at retail, but left Moscow Bimbo QSR plant operating for food service products - Consumer Staples - Mexico
- H&M - suspend all shipments to Russia - Consumer Discretionary - Sweden
- Hannover Re - halt underwriting business - Utilities - Germany
- Hapag Lloyd - suspend all shipments to Russia - Industrials - Germany
- HARIBO - suspend production to Russia - Consumer Staples - Germany
- Harley-Davidson - suspending all business in Russia - Consumer Discretionary - United States
- Hasbro - pause toy shipments o Russia - Consumer Discretionary - United States
- Hermes - suspend all operations in Russia - Consumer Discretionary - France
- Herzog & de Meuron - suspend work on Russian projects - Industrials - Switzerland
- Hexagon - freeze all business activities - Information Technology - Sweden
- HHLA - suspend entry of Russian shipments at owned ports - Financials - Germany
- Hitachi Construction - suspend all shipments to Russia - Industrials - Japan
- HMM - suspend all shipments to Russia - Industrials - South Korea
- Honda - suspend all shipments to Russia - Consumer Discretionary - Japan
- Honey Group - suspend sales to Russia - Consumer Staples - Finland
- Honeywell - suspend virtually all sales in Russia - Industrials - United States
- HP Enterprise (Independent from HP Inc.) - suspend all shipments to Russia - Industrials - United States
- HP Inc. - suspend all shipments to Russia - Information Technology - United States
- Hugo Boss - temporarily close stores and e-commerce sites - Consumer Discretionary - Germany
- Hunkemoller - suspend operations of on-site and online stores - Consumer Discretionary - Netherlands
- Husqvarna - stop exports to Russia & halt investments - Consumer Discretionary - Sweden
- Hyundai - suspend manufacturing in Russia - Consumer Discretionary - South Korea
- Iberia - canceling flights to Russia - Industrials - Spain
- IBM - suspend technology sales to Russia on Feb 24 - Information Technology - United States
- ICBC - curtail Russian access to capital markets - Financials - China
- Icecat - suspends activities for the Russian market - Industrials - Netherlands
- Ikea - suspend all operations in Russia - Consumer Discretionary - Sweden
- Illinois Tool Works - suspension of sales to Russia - Industrials - United States
- Indeed - suspend service in Russia - Information Technology - United States
- Inditex - close Russian stores and suspend sales - Consumer Discretionary - Spain
- Institute of Internal Auditors - suspend business in Russia - Industrials - United States
- Intel - suspend sales to Russia - Information Technology - United States
- Interactive Advertising Bureau - suspend licensing in Russia and Belearus - Industrials - United States
- Intercomm Foods - Stopping shipments to Russia - Consumer Staples - Greece
- International Canoe Federation - suspend Russian athletes & relocate Russian events - NGO - Switzerland
- International Federation of Sport Climbing - suspend Russian teams from participation; supend Russian events - NGO - Italy
- International Paralympic Committee - bar Russian atheletes - NGO - Germany
- Intertek - suspend operations - Industrials - United States
- Intuit - suspend customer accounts - Information Technology - United States
- Jablotron - halts sales and blocks data services to products assempled in Russia - Consumer Discretionary - Czech Republic
- JCB - suspend operations in Russia - Financials - Japan
- JCB - pause business in Russia - Industrials - United Kingdom
- JD Sports - suspend operations in Russia - Consumer Discretionary - United Kingdom
- Johnson Controls - suspend operations in Russia - Industrials - Ireland
- Julipedra - suspended exports to Russia - Materials - Portugal
- Jungheinrich - keep Russia office; stop exports to Russia - Industrials - Germany
- Juniper Networks - suspend sales in Russia - Information Technology - United States
- Kärcher - suspend exports to Russia & halt investments - Consumer Discretionary - Germany
- KBC Group - suspend transactions with certain Russian banks - Financials - Belgium
- Kepenou Mills - stop wheat orders from Russia - Consumer Staples - Greece
- Kering - close all stores in Russia - Consumer Discretionary - France
- Kerry Group - suspending operations - Consumer Staples - Ireland
- KGHM - suspended Russian contracts, subsidiary ZANAM Vostok in Russia - Materials - Poland
- Kingston - suspend shipments to Russia - Information Technology - United States
- Kinross Gold - suspend operations in Russia - Materials - Canada
- Knight Frank - suspend substantive operations in Russia - Real Estate - United Kingdom
- Kodak Alaris - suspend all business activity into Russia & Belarus - Information Technology - United Kingdom
- Komatsu - suspend all shipments to Russia - Industrials - Japan
- KONE - suspend deliveries to Russia & stop new Russian orders - Industrials - Finland
- Konica Minolta - new shipments suspended - Consumer Discretionary - Japan
- Körber - suspend new business with Russia - Industrials - Germany
- Korn Ferry - suspend business in Russia - Financials - United States
- KUKA - suspend all business with Russia - Industrials - Germany
- Kurokesu - suspend shippments to Russia - Consumer Discretionary - Lithuania
- Kyocera - suspend deliveries of all devices to Russia - Information Technology - Japan
- L'Occitane - close all stores and e-commerce site in Russia - Consumer Discretionary - France
- L'Oreal - suspend operations in Russia - Consumer Discretionary - France
- La Lorraine - halt its 50mn euro investment in Moscow - Consumer Staples - Belgium
- Lanxess - suspend business activities with Russia - Materials - Germany
- LCBO - suspend Russian-produced products - Consumer Staples - Canada
- Lego - suspend all shipments to Russia - Consumer Discretionary - Denmark
- Leica Camera AG - suspend operations in Russia - Financials - Germany
- Leonardo - pause all JVs in Russia; helicopter production - Industrials - Italy
- Les Ballets de Monte-Carlo - suspend performance rights for his ballet - Consumer Discretionary - Monaco
- Levi Strauss - suspend all sales in Russia - Consumer Discretionary - United States
- Lexmark - suspend shipments to Russia - Information Technology - United States
- LG Electronics - suspend all shipments to Russia - Consumer Discretionary - South Korea
- Lindt-Sprungli - suspend operations in Russia - Consumer Staples - Switzerland
- Little Caesar's - suspend Russian franchise support - Consumer Discretionary - United States
- Lladró - suspended service and shipment to Russia. No new requests - Consumer Discretionary - Spain
- Logitech - suspend shipments to Russia - Information Technology - Switzerland
- Louis Dreyfus - suspend operations in Russia - Consumer Staples - Netherlands
- Lumen - cut networks to Russia - Communication Services - United States
- LUSH - suspend online sales & supply to Russia - Consumer Discretionary - United Kingdom
- LVMH - suspend all operations in Russia - Consumer Discretionary - France
- M&G - phased divestment of Russian assets - Consumer Discretionary - United Kingdom
- Maersk - suspend all shipments to Russia - Industrials - Denmark
- Magna - suspend Russian plants - Consumer Discretionary - Canada
- Magna Steyr - suspend deliveries to Russia - Industrials - Austria
- MAN - suspend delivery, supply of trucks, and sales to Russia - Industrials - Germany
- Mango - suspend direct operations in Russia - Consumer Discretionary - Spain
- Mannheimer Swartling - suspend all operations - Industrials - Sweden
- Manolo Blahnik - suspend sales to Russia - Consumer Discretionary - United Kingdom
- Marks & Spencer - suspend all shipments to Russia - Consumer Staples - United Kingdom
- Marvell - suspend all sales to Russia in compliance with sanctions - Information Technology - United States
- Mastercard - suspend operations in Russia - Information Technology - United States
- Mattel - suspend shipments into Russia - Consumer Discretionary - United States
- Mazda - suspend all shipments to Russia - Consumer Discretionary - Japan
- McCain Foods - suspend operations in Russia - Consumer Staples - Canada
- McCormick - suspend operations in Russia - Consumer Staples - United States
- Meggit - cease all imports and exports with Russia - Industrials - United Kingdom
- Mercedes-Benz - suspend all shipments to Russia - Industrials - Germany
- Meta - suspend Russian advertising - Communication Services - United States
- Metsa - suspend operations at Russian mill - Industrials - Finland
- Metso Outotec - suspend all shipments to Russia - Industrials - Finland
- Mettler Toledo - suspend all shipments to Russia - Health Care - United States
- Michelin - suspended all operations in Russia - Consumer Discretionary - France
- Micron - Suspend shipments to Russia according to sanctions - Information Technology - United States
- Milk Hydrosan sp. z o.o. - suspended Russian contracts - Industrials - Poland
- Mitsubishi Electric - stop all sales to Russia but reserve the right to return - Industrials - Japan
- Mitsubishi Motors - suspended operations at Russian plant - Consumer Discretionary - Japan
- Mobatime (Elekon) - stopped activity and remotly stopped clock on Russian Academy of Sciences - Consumer Discretionary - Czech Republic
- Moncler - suspend operations in Russia - Consumer Discretionary - Italy
- MongoDB - suspend sales to Russia and Belarus - Information Technology - United States
- Mothercare - suspend operations in Russia - Consumer Discretionary - United Kingdom
- Motorola Solutions - suspend service orders to Russia - Information Technology - United States
- MS & AD Insurance Group - suspending operations - Financials - Japan
- Munich Re - not renew current contracts & suspend new business - Financials - Germany
- MV Group - suspends all imports and orders, froze partner brands - Consumer Staples - Lithuania
- MVRDV - suspend operations in Russia - Industrials - Netherlands
- Namecheap - stop offering products to Russia - Information Technology - United States
- NCR - suspend sales to Russia - Information Technology - United States
- NEC - suspend all future sales - Information Technology - Japan
- Nemak - halt production in Russia - Consumer Discretionary - Mexico
- Neste Oyj - suspend purchases of Russian oil - Energy - Finland
- NetApp - suspend business operations in Russia - Information Technology - United States
- New Balance - suspend shipments to Russia - Consumer Discretionary - United States
- New Development Bank - curtail Russian access to capital markets - Financials - China
- NHL - pause all partnerships in Russia - NGO - United States
- Niantic Labs - products made unavailable in Russia - Information Technology - United States
- Nike - suspend all operations in Russia - Consumer Discretionary - United States
- Nikon - suspend shipments to Russia - Consumer Discretionary - Japan
- Nintendo - suspend all sales in Russia - Communication Services - Japan
- Nissan - suspend all shipments to Russia - Consumer Discretionary - Japan
- Norton - suspend sales to Russia - Information Technology - United States
- Nozbe - cut off services for Russia and Belarus - Industrials - Poland
- NSG Group (Pilkington) - suspension all trading and investment - Materials - Japan
- Nutanix - pause all sales and support to Russia - Information Technology - United States
- Nvidia - suspend all sales in Russia - Information Technology - United States
- NXP Semiconductors - suspend all shipments to and business with Russia - Information Technology - Netherlands
- Olvi - stop exports to Russia - Consumer Staples - Finland
- Olympus - suspend sales of Scientific Solutions portfolio and all capital investments - Information Technology - Japan
- ON24 - suspend all Russian activities - Information Technology - United States
- OP Bank Lithuania - temporarily stop the processing of all payments from and to Russia & Belarus - Financials - Lithuania
- OpenText - suspend all business - Information Technology - Canada
- Oracle - suspend all operations in Russia - Information Technology - United States
- Outokumpu - stop sales and deliveries to Russia - Materials - Finland
- PagerDuty - suspend cooperation with Russian customers - Information Technology - United States
- Panasonic - suspend operations in Russia - Consumer Discretionary - Japan
- Papa John's - suspend support for all Russian franchises - Consumer Discretionary - United States
- Paramount - pause new content releases to Russia - Communication Services - United States
- Payoneer - close Russian accounts - Information Technology - United States
- Paypal - suspend operations in Russia - Information Technology - United States
- Peak Design - shut down sales to Russia - Consumer Staples - United States
- Pernod Ricard - pause exports to Russia - Consumer Staples - France
- Pivovary Staropramen - suspended beer exports - Consumer Staples - Czech Republic
- Plzeňský Prazdroj - suspend sales to Russia - Consumer Staples - Czech Republic
- Podravka - stop deliveries to Russia - Consumer Staples - Croatia
- Polaris - suspend exports to Russia - Consumer Discretionary - United States
- Ponsse PLC - discontinue all operations in Russia - Industrials - Finland
- Porsche - end shipments of new cars; dealerships running and warranty obligations honored - Consumer Discretionary - Germany
- Prada - suspend operations in Russia - Consumer Discretionary - Italy
- Preem AB - suspend purchases of Russian oil - Energy - Sweden
- PTC - discontinue all business operations and sales - Information Technology - United States
- Puma - suspend all shipments to Russia - Consumer Discretionary - Germany
- PVH - suspend operations in Russia - Consumer Discretionary - United States
- Qlik - suspend sales and services to Russia - Information Technology - Sweden
- QS - cease activity with Russian customers & cease promotion of Russian universities - Information Technology - United Kingdom
- Qualcomm - suspend shipments to Russia - Information Technology - United States
- Rabobank - curtail Russian access to capital markets - Financials - Netherlands
- Rakovnický Pivovar - stopped exports and withdrew some products for sale in Russia - Consumer Staples - Czech Republic
- Ralph Lauren - pause operations in Russia - Consumer Discretionary - United States
- Raytheon - suspend operations in Russia - Industrials - United States
- Reface.ai - suspend all new downloads and updates of app in Russia - Information Technology - Ukraine
- Reima - suspend all sales into Russia - Consumer Discretionary - Finland
- Reliance - intention to avoid Russian fuel - Energy - India
- Remitly Global - stop accepting new users in Russia - Information Technology - United States
- Renault - suspend operations in Russia - Consumer Discretionary - France
- Revolut - stop top-ups for Russian cards and block transfers to Russian institutions - Financials - United Kingdom
- Richemont - suspend all operations in Russia - Consumer Discretionary - Switzerland
- Ricoh - suspend shipments to Russia - Information Technology - Japan
- Roca - closure of plants - Consumer Discretionary - Spain
- Rockwell Automation - suspend operations in Russia - Industrials - United States
- Roland DG - suspend all exports and sales to Russia - Information Technology - Japan
- Rolls Royce - suspend all shipments to Russia - Industrials - United Kingdom
- Rovio - remove games from app stores in Russia - Information Technology - Finland
- Royal Society of Chemistry - pause activities with Russian institutions - NGO - United Kingdom
- Safran - stop all activities in Russia - Industrials - France
- Samsonite International - suspend operations in Russia - Consumer Discretionary - Luxembourg
- Samsung - suspend all shipments to Russia - Information Technology - South Korea
- Sandvik - suspend all operations in Russia - Industrials - Sweden
- Sardina - suspend deliveries to Russia - Consumer Staples - Croatia
- Scandinavian Tobacco - suspend most operations in Russia - Consumer Staples - Denmark
- Scania - suspend all sales in Russia - Industrials - Sweden
- Schwarz Group - stop sales of Russian products in stores - Consumer Staples - Germany
- Sennheiser - suspend all business & stop exports - Information Technology - Germany
- Sharp Group - suspend shipping into Russia - Information Technology - Japan
- Shiseido - suspend export shipments to Russia - Consumer Staples - Japan
- Simba Dickie Group - suspend all business in Russia including with local independent distributor - Consumer Discretionary - Germany
- Skytrax - suspend all audit and rating analysis - Financials - United Kingdom
- Smartway Pharmaceuticals - suspended all operations, most supplies, and all advertising - Health Care - United Kingdom
- Snap - suspend all sales to Russia - Communication Services - United States
- Sodeca - cut off all supplies to Russian partners - Industrials - Spain
- Solvay - suspend operations in Russia - Materials - Belgium
- SonoSim - suspend distributor relationship in Russia - Health Care - United States
- Sony - pause release of new films in Russia, suspending console and game sales in Russia - Consumer Discretionary - Japan
- Sportradar - suspend all new investments in Russia, including signing new customers - Consumer Discretionary - Switzerland
- SriLankan Airlines - suspend flights between Sri Lanka and Russia - Industrials - Sri Lanka
- SSAB - shipments and sales to Russia discontinued - Materials - Sweden
- Starbucks - suspend all operations in Russia - Consumer Discretionary - United States
- Stellantis - suspend operations in Russia - Consumer Discretionary - Netherlands
- STIHL - suspend deliveries to Russia - Consumer Discretionary - Germany
- Stora Enso - stop all production and sales in Russia - Materials - Finland
- Storytel - pause operations in Russia - Utilities - Sweden
- Subaru - suspend all shipments to Russia - Consumer Discretionary - Japan
- Sumitomo Group - scaling back or suspending all Russian-related business - Financials - Japan
- Supercell - remove games from app stores in Russia - Information Technology - Finland
- Swarovski - suspend all sales in Russia - Consumer Discretionary - Liechtenstein
- Swatch - suspend direct operations in Russia - Consumer Discretionary - Switzerland
- Sylvamo - suspend operations in Russia - Materials - United States
- Systemair - suspend all sales to Russia - Industrials - Sweden
- T Machinery - Stopped cooperation - Industrials - Czech Republic
- Tadano - suspension of shipments into Russia - Industrials - Japan
- Tanin - goods are stopped - Materials - Slovenia
- Tata Motors - paused sales of Jaguar Land Rover in Russia - Consumer Discretionary - India
- Tendam - suspend activity in Russia - Consumer Discretionary - Spain
- The Navigator Company - suspend all marketing in Russia - Materials - Portugal
- Thermo Fisher - suspend sales and manufacturing in Russia - Health Care - United States
- TikTok - suspend operations in Russia - Communication Services - United States
- Timken - suspend operations in Russia - Industrials - United States
- Torm - effectively suspend shipments to Russia - Industrials - Denmark
- Tous - close shops and online store in Russia - Consumer Discretionary - Spain
- Toyota - suspend all shipments to Russia - Consumer Discretionary - Japan
- Trane Technologies - suspend shipments to Russia - Industrials - Ireland
- Trelleborg Group - suspended deliveries and sales to Russia - Industrials - Sweden
- Trimble - suspend all sales in Russia - Information Technology - United States
- TSMC - suspend all shipments to Russia - Information Technology - Taiwan
- TTC Holding - suspended activities - Real Estate - Czech Republic
- Twin Disc - suspend all shipments to Russia - Industrials - United States
- Twitter - suspend certain operations in Russia - Communication Services - United States
- Ubisoft - suspend new sales to Russia - Information Technology - France
- UiPath - suspend sales in Russia - Information Technology - United States
- UL - stop all work in Russia and Belarus - Consumer Staples - United States
- Under Armour - suspend all shipments to Russia - Consumer Discretionary - United States
- Uniqlo/Fast Retailing - suspend operations in Russia - Consumer Discretionary - Japan
- UPM - temporarily suspend operations and sales in Russia - Materials - Finland
- UPS - suspend all shipments to Russia - Industrials - United States
- Valero Energy - suspend purchases of Russian oil - Energy - United States
- Veeam - pause sales in Russia - Information Technology - United States
- VF Corporation - temporarily suspend commercial activities - Consumer Discretionary - United States
- Viessmann - stop business with Russia & stop deliveries to and from Russia - Industrials - Germany
- Vietnam Airlines - suspend flights to Russia - Consumer Discretionary - Vietnam
- Visa - suspend operations in Russia - Information Technology - United States
- Vitec Group - suspend all exports and services - Consumer Discretionary - United Kingdom
- Viva - suspend purchases of Russian oil - Energy - Australia
- VMWare - suspend operations in Russia - Information Technology - United States
- Volkswagen - suspend all shipments to Russia - Consumer Discretionary - Germany
- Volvo Cars - suspend all shipments to Russia - Industrials - Sweden
- Volvo Group - suspend all sales, service and production - Industrials - Sweden
- WarnerMedia - pause new content releases - Communication Services - United States
- WEKA - suspend business and concrete deals with Russia - Information Technology - United States
- Western Union - suspend operations in Russia - Information Technology - United States
- WeTransfer - suspend all services in Russia - Financials - United States
- William Grant & Sons - suspend all shipments to Russia - Consumer Staples - United Kingdom
- Wise PLC - suspend Russian partnerships - Information Technology - United Kingdom
- Wizz Air - Air flights to/from Russia are temporarily suspended - Industrials - Hungary
- Wrangler (Kontoor) - suspend online sales - Consumer Discretionary - United States
- Xerox - suspend shipments to Russia - Information Technology - United States
- Yara - suspend all imports from Russia - Materials - Norway
- YKK Group - suspend operations in Russia - Industrials - Japan
- Yokohama - halt production in Russia - Industrials - Japan
- Zegna Group - suspended all shipments to and production for Russia partners - Consumer Discretionary - Italy
- Zendesk - suspend all sales to Russia - Information Technology - United States
- Zetor - suspend all cooperation with Russia - Industrials - Czech Republic
- ZHA - suspend operations in Russia - Industrials - United Kingdom
- Zynga - suspend all installations, monetization and marketing support - Consumer Discretionary - United States
- Withdrawal - - -
- Clean Break - Surgical Removal, Resection (317 Companies) (Grade: A) - - -
- - - -
- Companies totally halting Russian engagements or completely exiting Russia... - - -
- - - -
- Name - Action - Industry - Country
- Accenture - exiting Russia completely - Information Technology - Ireland
- Accountor - withdrawal from Russia - Information Technology - Finland
- Acronis - suspend operations in Russia - Information Technology - Switzerland
- Adamed - halted sales to Russia - Health Care - Poland
- Adenza - discontinue all operations in Russia - Information Technology - United Kingdom
- AECOM - exit Russia operations - Industrials - United States
- AerCap - cease leasing activity with Russian airlines - Industrials - Ireland
- AG Barr - cut ties with Russian market - Consumer Staples - United Kingdom
- Air Products - full divestiture from Russia - Materials - United States
- AirBaltic - leave Russian market until further notice - Industrials - Latvia
- Akvelon - close offices in Moscow - Information Technology - United States
- Alcoa - cease buying raw materials from, or selling our products to, Russian businesses - Materials - United States
- Aldi - remove products from Russia - Consumer Staples - Germany
- Allegro - bans Russian & Belarussian products - Consumer Discretionary - Poland
- Allen & Overy - wind down Russian operations - Industrials - United Kingdom
- Ametek - closing TPM Russia subsidiary due to war in Ukraine - Industrials - United States
- Amsted Rail - exit Russia completely - Industrials - United States
- AP7 - sell off all of Russian shares - Financials - Sweden
- APG - sell all Russian investment - Financials - Netherlands
- ArcelorMittal - removed all Russian materials from supply chain - Materials - Luxembourg
- Arendt & Medernach - pull out of Russia; close Russian office and suspend select Russian client engagements - Industrials - Luxembourg
- Asda - remove products from Russia - Consumer Staples - United Kingdom
- Assicurazioni Generali - exit Russia completely - Financials - Italy
- Atos - exit from Russia - Information Technology - France
- Atria - exit business in Russia - Consumer Staples - Finland
- Avantor - discontinue all sales into Russia, direct and indirect - Industrials - United States
- Avery Dennison - exit Russian operations - Materials - United States
- Avid - cease all sales and support to all customers, users and resellers in Russia & Belarus - Information Technology - United States
- Baker Botts - wind down Moscow office - Industrials - United States
- Baker McKenzie - cease operations in Russia and transfer them to an independent entity - Industrials - United States
- Baker Tilly - gradual wind down of operations in Russia - Industrials - United Kingdom
- Bakoma - withdraw from Russia completely prior to aggression - Consumer Staples - Poland
- Ball Corporation - leave Russia completely - Materials - United States
- BASF SE - wind down Russian operations - Materials - Germany
- BBDO - exit Russian operations - Industrials - United States
- Bestseller - stop all sales to Russia through distributors - Consumer Discretionary - Denmark
- BlackRock - curtail Russian access to capital markets - Financials - United States
- Bonava - close operations in Russia - Real Estate - Sweden
- Bose - stop all product shipments - Information Technology - United States
- BP - divest from 20% Rosneft stake - Energy - United Kingdom
- British American Tobacco - exit Russian operations - Consumer Staples - United Kingdom
- Bryan Cave - exit Russian operations - Industrials - United States
- Bumble - remove apps from app stores - Communication Services - United States
- Carlsberg - exit Russia completely - Consumer Staples - Denmark
- Carnival - discontinue Russia itineraries - Consumer Discretionary - United States
- Centrica - exit gas supply partnership with Gazprom - Utilities - United Kingdom
- Ceratizit - stop all deliveries to Russia and Belarus - Industrials - Luxembourg
- Cersanit - put up its Russian business for sale - Materials - Poland
- Chapman Freeborn - wind down Russian business - Industrials - United Kingdom
- Ciech - suspended Russian exports - Materials - Poland
- Clarivate - exit Russian operations - Industrials - United Kingdom
- Clifford Chance - wind down operations in Moscow - Industrials - United Kingdom
- Colliers - Discontinue business in Russia - Real Estate - Canada
- Comarch - halts orders from Russia & Belarus - Information Technology - Poland
- Compass Group - permanently exit Russian market - Consumer Staples - United Kingdom
- Coop - fully divest Russian operations Transgourmet via management buyout - Financials - Switzerland
- Coty - wind down Russian business - Consumer Staples - United States
- CRH - withdrawal from Russia - Materials - Ireland
- Cummins - exit Russian operations - Industrials - United States
- Currency.com - halting operations for residents of Russian - Financials - United Kingdom
- Cushman & Wakefield - close office in Russia; transfer to local partner - Real Estate - United States
- Cyfrowy Polsat - removing Russian TV channels from the offer - Communication Services - Poland
- Danfoss - exit Russia completely - Industrials - Denmark
- DDB - exit Russian operations - Materials - United States
- Dechert - close Russian office - Industrials - United States
- Deezer - suspend operations in Russia - Communication Services - France
- Deichmann - stop operations in Russia - Consumer Discretionary - Germany
- Deloitte - leaving Russia completely - Industrials - United States
- Delta Air Lines - suspend agreement with Aeroflot - Industrials - United States
- Demant - stop all sales to Russia - Health Care - Denmark
- Dentons - exit Russian operations - Industrials - Switzerland
- Dentsu International - divest joint venture/leave Russia - Communication Services - United Kingdom
- Deutsche Telekom - close Russian business - Communication Services - Germany
- Dino Polska - removed Russian products - Consumer Staples - Poland
- DJI - stop selling drones in Russia - Information Technology - China
- DLA Piper - withdrawing from Russia - Industrials - United States
- Dr. Oetker - stops sales and production in Russia; transferred ownership of production facilities - Consumer Staples - Germany
- DXC Technology - leaving Russia completely - Information Technology - United States
- EarthDaily Analytics - suspend operations in Russia - Industrials - United States
- eBay - suspend all shipments to Russia - Consumer Discretionary - United States
- Edeka - remove Russian food from store shelves - Consumer Staples - Germany
- edX - withdraw from all Russian partnerships - Information Technology - United States
- Electronic Arts - suspend all operations in Russia - Communication Services - United States
- Elisa Esports - ban Russian teams from participating in tournaments - NGO - Finland
- ELKO Group - leave Russia - Information Technology - Lativa
- ENEOS - stop purchases of Russian crude - Energy - Japan
- Eni - divest Russian pipeline - Energy - Italy
- EPAM - discontinue servicing Russian customers - Information Technology - United States
- Equinor - exit joint ventures in Russia - Energy - Norway
- ESAB - transition out of operations in Russia - Industrials - Sweden
- Esri - curtailing sales to Russia - Information Technology - United Kingdom
- Etsy - deactivate all listings from Russian sellers - Consumer Discretionary - United States
- Eurovision - ban on all Russian competition - Financials - United Kingdom
- Eversheds Sutherland - close Russia office - Industrials - United Kingdom
- Expedia - suspend bookings in Russia - Consumer Discretionary - United States
- Exxon - exit Rosneft partnership - Energy - United States
- EY - leaving Russia completely - Industrials - United States
- Famur - suspended Russian exports - Industrials - Poland
- Farfetch - suspend all shipments to Russia - Consumer Discretionary - United Kingdom
- Fazer - suspend operations in Russia - Consumer Staples - Finland
- Ferragamo - suspend all shipments to Russia - Consumer Discretionary - Italy
- FICO - exiting all work in Russia - Information Technology - United States
- FIFA - ban Russian athletes from competing - Industrials - Switzerland
- Fiskars - withdraw completely from the Russian market - Consumer Discretionary - Finnland
- Fitch - suspend operations in Russia - Financials - United States
- FMC Corporation - discontinue all business and operations - Materials - United States
- Fonterra - exit its businesses in Russia. - Consumer Staples - New Zealand
- Formula One - suspend all operations in Russia - Communication Services - United Kingdom
- Fortinet - suspend operations in Russia - Information Technology - United States
- Fortum - exit Russian market - Utilities - Finland
- Freshfields - closing business in Russia - Industrials - United Kingdom
- G2A - block marketplace for Russian users - Communication Services - Netherlands
- Gameloft - make company's games unavailable in Russia - Information Technology - France
- Gaz-System - stopped gas imports - Utilities - Poland
- Geodis - suspend all shipments to Russia - Industrials - France
- Global Foundries - suspend all shipments to Russia - Information Technology - United States
- GoDaddy - discontinue all Russian services - Information Technology - United States
- Gowling - leave Russia - Industrials - Canada
- Grainpro - suspend all operations in Russia - Materials - United States
- Grammarly - suspend operations in Russia - Information Technology - United States
- Grant Thornton - closing business in Russia - Industrials - United States
- Grohe - cease all activities with Russia - Consumer Discretionary - Germany
- Grupa Azoty - stopped exporting its products to Russia or Belarus - Materials - Poland
- Haniel - unwind all Russian business - Materials - Germany
- Hays plc - close Russian business - Industrials - United Kingdom
- Heidrick & Struggles - ceased all operations in Russia - Industrials - United States
- Heineken - exit Russia completely - Consumer Staples - Netherlands
- Hempel - exit Russia - Industrials - Denmark
- Henkel - in process of exiting business activities in Russia - Consumer Staples - Germany
- Herbert Smith Freehills - suspend operations in Russia - Industrials - Australia
- Hesburger - withdraw from Russia - Consumer Discretionary - Finland
- Hogan Lovells - exit Russian operations - Industrials - United Kingdom
- Holcim - exit Russian market completely - Materials - Switzerland
- Houthoff - terminate all relationships with Russia - Industrials - Netherlands
- Huhtamaki - divest Russian operations - Consumer Staples - Finland
- IMCD - withdraw from Russia completely - Industrials - Netherlands
- Imperial Brands - transfer Russian business to local partners - Consumer Staples - United Kingdom
- Incoff Aerospace - no longer trade with the Russians - Industrials - Slovakia
- Infosys - shutting down operations in Russia - Information Technology - India
- InPost - stop purchasing services/goods from Russian & Belorussian companies - Industrials - Poland
- Intercontinental Exchange - curtail Russian access to capital markets - Financials - United States
- International Boxing Federation - ban on all Russian competition - NGO - France
- International Cat Federation - ban Russian cats from competitions - NGO - Canada
- International Cycling Union - ban on all Russian competition - NGO - United States
- International Ice Hockey Federation - ban on all Russian competition - NGO - Switzerland
- International Olympic Committee - ban Russian athletes from competing - NGO - Switzerland
- International Skating Union - ban on all Russian competition - NGO - Switzerland
- International Tennis Federation - suspend Russian partnerships - NGO - United Kingdom
- International Weightlifting Federation - ban on all Russian competition - NGO - Switzerland
- Interpublic Group - exit Russian operations - Communication Services - United States
- ISS - ISS divested its Russian activities during March and is no longer active in Russia - Industrials - Denmark
- J Sainsbury - remove products from Russia - Consumer Staples - United Kingdom
- Jabil - closed its site in Russia - Information Technology - United States
- Jamie Oliver - exit franchise agreement - Consumer Staples - United Kingdom
- Jan de Nul - close rep office and withdraw ships - Industrials - Luxembourg
- JetBrains - suspend all activity indefinitely - Information Technology - Czech Republic
- JLL - Separated operations in Russia. - Real Estate - United States
- John Wood Group - withdraw from Russia - Industrials - United Kingdom
- JYSK - suspend operations in Russia - Financials - Denmark
- Kalnapilis-Taurus - termination of export ties and production in Russian Market - Consumer Staples - Lithuania
- Kearney - suspend work with Russian clients - Industrials - United States
- Kemira - exit Russia completely - Consumer Discretionary - Finland
- Kesko - stop sales to Russia and imports from Russia - Consumer Staples - Finland
- Kiilto - seeking exit from Russian business - Materials - Finland
- Kingspan - suspend operations in Russia - Industrials - Ireland
- KLP - exit all investment holdings in Russia - Financials - Norway
- Knorr-Bremse - stop shipments to Russia; end JVs - Industrials - Germany
- Kofax - curtail all sales of software and close sites in Russia - Information Technology - United States
- Konecranes - stop all orders from Russia - Industrials - Finland
- Korean Air Lines - no flying over Russian airspace until the end of April - Industrials - South Korea
- KPMG - leaving Russia completely - Industrials - United States
- Krispy Kreme - winding down business in Russia - Consumer Discretionary - United States
- Krombacher - stopped exports to Russia - Consumer Staples - Germany
- Kuehne + Nagel AG - suspend all shipments to Russia - Industrials - Switzerland
- Latham & Watkins - suspend operations in Russia - Industrials - United States
- Lincoln Electric - ceased all operations - Industrials - United States
- Linklaters - suspend operations in Russia, with entities connected to the Russian state - Industrials - United Kingdom
- Live Nation Entertainment - suspend all operations in Russia - Information Technology - United States
- Lloyd's Register - withdraw services to Russia - Industrials - United Kingdom
- London Stock Exchange Group - curtail Russian access to capital markets - Financials - United Kingdom
- LPP Group - left Russia - Consumer Discretionary - Poland
- Lufthansa - suspended flights and ended Russian aircraft maintenance - Industrials - Germany
- Luxoft - exit Russian market - Information Technology - Switzerland
- Marsh McLennan - exit operations in Russia - Financials - United States
- McDonald's - leave the Russian market & sell Russian business - Consumer Discretionary - United States
- McKinsey - suspend all consulting in Russia - Industrials - United States
- MessageBird - shut down API access, block SMS and voice traffic to Russian carriers - Information Technology - Netherlands
- Monroe Energy - suspend partnerships with Russia - Energy - United States
- Moody's - suspend operations within Russia - Financials - United States
- Moog Inc. - exit Russian operations - Industrials - United States
- Morgan Advanced Materials - suspend all operations in Russia - Industrials - United Kingdom
- Morgan Lewis - suspend operations in Russia - Industrials - United States
- Morrisons - remove products from Russia - Consumer Staples - United Kingdom
- MSC - temporary suspension of all shipments to Russia - Financials - United States
- MSCI - curtail Russian access to capital markets - Financials - United States
- Nasdaq - curtail Russian access to capital markets - Financials - United States
- Naspers - separate from Avito and fully exit Russia - Consumer Discretionary - South Africa
- NCAB Group AB - Sold assets and ceased operations in Russia - Industrials - Sweden
- Netflix - suspend operations in Russia - Communication Services - United States
- Netscout - suspend Russian operations - Information Technology - United States
- Nokia - pulling out of Russia completely - Information Technology - Finland
- Norton Rose Fulbright - exit from Russia - Industrials - United Kingdom
- Norwegian Cruise Lines - discontinue Russian itineraries - Consumer Discretionary - United States
- OBI - exit Russian market completely - Consumer Discretionary - Germany
- Oceania Cruises - discontinue Russian itineraries - Consumer Discretionary - United States
- Omnicom Media Group - exit Russian operations - Communication Services - United States
- OneWeb - suspend use of Russian airspace - Communication Services - United States
- Orkla - exit Russian operations - Consumer Staples - Norway
- Orlen Lietuva - stopped Russian oil imports - Energy - Poland
- Owens Corning - expedite exit from Russia - Industrials - United States
- Pandora - stop all sourcing from Russia - Consumer Discretionary - Denmark
- Par Pacific - suspend partnerships with Russia - Energy - United States
- Parker Hannifin - closed our office and warehouse facility in Moscow and no longer do business in this country - Industrials - United States
- Paulig - suspend operations in Russia - Consumer Staples - Finland
- Pekao SA - transactions in Russian ruble suspended - Financials - Poland
- Pensioenfonds Detailhandel - sell off all Russian investments - Financials - Netherlands
- Pentair - exiting its business in Russia - Industrials - United States
- PFZW - divest from all Russian assets - Financials - Netherlands
- PGL Esports - exclusion of esports teams and individuals with connections to the Russian government from upcoming competition - Communication Services - United States
- PKO BP - suspends transactions with Russian banks transactions in Russian ruble suspended - Financials - Poland
- Playmobil - stop all sales to Russia - Consumer Discretionary - Germany
- PME pensioenfonds - sell off all Russian investments - Financials - Netherlands
- Polskie Górnictwo Naftowe i Gazownictwo SA - stopped gaz imports - Energy - Poland
- Prio - ceased purchase of any products from Russian or directly related companies - Energy - Portugal
- Prosus - divest from local subsidiary - Communication Services - Netherlands
- Publicis Groupe - cede ownership to local affiliates - Communication Services - France
- PwC - leaving Russia completely - Industrials - United States
- PZU SA - reduced position in Russian bonds to zero - Financials - Poland
- Qantas Airlines - no longer flies over Russian territory - Industrials - Australia
- R&A - ban on all Russian competition - Industrials - United States
- Radio Free Europe - suspend operations in Russia - Communication Services - Czech Republic
- Reckitt Benckiser Group - begins a process aimed at transferring ownership of its Russia business - Consumer Staples - United Kingdom
- Red Hat - discontinue sales and services in Russia & terminate partnerships - Information Technology - United States
- Regent Seven Seas Cruises - discontinue Russian itineraries - Consumer Discretionary - United States
- Rewe - remove products from Russia from shelves - Consumer Discretionary - Germany
- Rimi - remove products from Russia from shelves - Consumer Discretionary - Latvia
- Rio Tinto - terminate all commercial relationships with Russia - Materials - Australia
- Rocket Lawyer - suspend Russian and Belarusian access to the platform - -
- Roku - remove Kremlin-linked propaganda and ads - Communication Services - United States
- Roland Berger - end any activity for Russia - Industrials - Germany
- Rolex - suspend exports to Russia - Consumer Discretionary - Switzerland
- S Group (Suomen Osuuskauppojen Keskuskunta) - close all operations - Consumer Staples - Finland
- S&P - curtail Russian access to capital markets - Financials - United States
- Salesforce - suspend operations in Russia - Information Technology - United States
- Savills - end partnerships in Russia - Real Estate - United Kingdom
- Schneider Electric - sell Russian assets to local management and exit completely - Industrials - France
- Shell - withdraw from Russia; sell retail and lubricants business to Lukoil - Energy - United Kingdom
- Sidley Austin - end all Russian relationships - Industrials - United States
- Siemens - exit Russian market - Industrials - Germany
- Signet Jewelers - suspend operations in Russia - Consumer Discretionary - United States
- SKF - end sales and production in Russia - Industrials - Sweden
- Skoda - halted production and stopped exports - Consumer Discretionary - Czech Republic
- Slack - exit Russian market completely - Information Technology - United States
- SMAY - stopped all Russian business - Industrials - Poland
- Smurfit Kappa - exit Russian market - Materials - Ireland
- Societe Generale - cessation of all activities in Russia - Financials - France
- Sodexo - ceded control of its operations in Russia - Industrials - France
- Sonos - ceased all sales to this market at the onset of the war and blocked Russian state radio - Consumer Discretionary - United States
- Spotify - closed office and other restrictions - Communication Services - Sweden
- Squire Patton Boggs - suspend operations in Russia - Industrials - United States
- Stanley Black & Decker - suspend operations in Russia - Industrials - United States
- State Street - curtail Russian access to capital markets - Financials - United States
- Storebrand - divest all Russian holdings - Financials - Norway
- Strabag - winding down operations in Russia; terminating shareholder syndicate agreements with Deripaska - Industrials - Austria
- Svenska Handelsbanken - divest from all Russian investments - Financials - Sweden
- Sweco - stop all projects in Russia - Industrials - Sweden
- Systembolaget - remove all Russian alcohol from stores - Consumer Discretionary - Sweden
- Take-Two Interactive - suspend all sales in Russia - Communication Services - United States
- Tata Steel - replaced all Russian raw materials for operations; no presence in Russia - Materials - India
- Teknotherm Marine HVAC sp. z o.o. - complete withdrawal from Russia - Industrials - Poland
- Teradata - stopped all business in Russia - Information Technology - United States
- Tietoevry - conclude total exit from Russia - Information Technology - Finland
- TJ Maxx - divest Familia subsidiary - Consumer Discretionary - United States
- TripAdvisor - remove Kremlin-linked propaganda and ads - Communication Services - United States
- TUI - end brand-sharing agreement; had already exited - Consumer Discretionary - Germany
- Tunnock's - discontinue supplies to Russia - Consumer Staples - United Kingdom
- Uber - divest from partnership with Yandex - Information Technology - United States
- UEFA - ban Russian athletes from competing - NGO - Switzerland
- United Airlines - no flying over Russian airspace - Industrials - United States
- United Internet Group - suspend all Russian contracts - Information Technology - Germany
- Universal - closing operations in Russia - Communication Services - United States
- Upwork - suspend operations in Russia - Industrials - United States
- Valio - sell business and Viola brand to Velcom - Consumer Staples - Finland
- Vanguard - suspend operations in Russia - Financials - United States
- Velux - permanently close operations in Russia and Belarus - Consumer Discretionary - Denmark
- Vianor - terminate contract with Russian subsidiary - Consumer Discretionary - Finland
- Vičiūnai - selling Russian operations and exiting Russia - Consumer Staples - Lithuania
- Vinmonopolet - stop sales of all Russian wine, spirits and strong beers in Norway - Consumer Staples - Norway
- Vodafone - suspend partner agreement with MTS - Information Technology - United Kingdom
- Volaris Group - discontinue sales and support to Russia - Information Technology - Canada
- Volfas Engelman - suspend investment and withdraw from Russian market - Consumer Staples - Lithuania
- Waitrose - remove products from Russia - Consumer Staples - United Kingdom
- Walker's Shortbread - cancel all future orders to Russia - Consumer Staples - United Kingdom
- Wargaming - close operations; transfer of some business - Consumer Discretionary - Belarus
- Waters Corporation - suspend all sales and services into Russia - Health Care - United States
- Weir Group - wind down Russian business in 2022 - Industrials - United Kingdom
- WePlay - terminate all Russian operations - Consumer Discretionary - United States
- WeWork - planning divestment of Russian operations - Real Estate - United States
- Wex Inc. - ending relationship with Lukoil and subsidiaries - Information Technology - United States
- White & Case - wind down Russian operations - Industrials - United States
- Wielton - suspended Russian exports - Industrials - Poland
- Willis Towers Watson - fully exit Russia and transfer ownership to local management - Financials - United Kingdom
- Winston & Strawn - suspend operations in Russia - Industrials - United States
- Women's Tennis Association - suspend Russian partnerships - NGO - United States
- World Athletics Council - ban on all Russian competition - NGO - United States
- World Boxing Association - ban on all Russian competition - NGO - Panama
- World Boxing Council - suspend Russia from title fights - NGO - Mexico
- World Boxing Organization - ban on all Russian competition - NGO - United States
- World Federation of Exchanges - suspend all Russian members and affiliates - NGO - United Kingdom
- World Rowing Federation - ban on all Russian competition - NGO - United States
- World Rugby Union - ban on all Russian competition - NGO - Ireland
- Woseba - suspends deliveries to Russia - Consumer Discretionary - Poland
- WPP PLC - suspend all operations in Russia - Communication Services - United Kingdom
- WWE - suspend all operations in Russia - Communication Services - United States
- YIT - exits Russia projects - Industrials - Finland
- YOOX - suspend all shipments to Russia - Consumer Discretionary - Italy
- Żabka - halts orders from Russia & Belarus - Consumer Staples - Poland
