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Which corporations have pulled out of Russia
In fact, not everything is so clear.
- 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.
Someone left forever, not wanting to, because these niches are starting to fill with competitors.
Not so simple.
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
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