Prepared by the KSE Institute team and KSE members of the Board of Directors with the support of the International Renaissance Foundation; 08-14.08.2022

Disclaimer: At the beginning of the Russian invasion of Ukraine KSE Institute launched an analytical project, which was named “SelfSanctions”, aimed to collect data on foreign companies operating in the Russian market and limiting or terminating their activities. Examination of data was conducted jointly with specialists from the Ministry of Economy, the Ministry of Foreign Affairs and the Ministry of Digital Transformation of Ukraine. The database contains a lot of information, we collect daily statistics on changes in the status of foreign companies operating/operated in the Russian market and limiting or terminating their activities. Also, we created the Telegram bot https://t.me/exit_ru_bot for tracking/monitoring of news on priority foreign companies (coverage 1, 2, 3 or 7 days of monitoring). Also, we do regular analysis of changes in share prices and capitalization of parent groups of companies that have or have had business in Russia.

KSE database is partly based on the Yale’s School of Management database, epravda.com.ua, squeezingputin.com, leave-russia.org  websites and other open sources. Data is verified and KSE status is assigned. Data on stocks is taken from Google and Yahoo Finance. At the same time, the KSE database is more complete and comprehensive and contains ~40 percent more information than most other similar databases, as it also includes data on number of staff, revenue, capital and other financial indicators, the latest updates and changes in statuses, links to used sources, and daily updates from the telegram-bot etc.

KSE Institute is glad to announce have finalized merging with project leave-russia.org which was developed by a team of volunteers.

KSE DATABASE SNAPSHOT as of 14.08.2022

Number of the companies that continue Russian operations (KSE’s status «stay»¹) – 747 (-7 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 477 (+4 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 126 (+4 per week)

Number of the companies that completed withdrawal from Russia (KSE’s status “exited”) – 46 (0 per week)

As of August 14, we have identified about 2,396 companies, organizations and their brands from 78 countries and 56 industries and analyzed their position on the Russian market. About half of them are public ones, for ~ 800 public groups of companies, we also identified (where it was possible) their operating business in Russia (the presence of a controlling stake in a legal entity) and updated the data for 2021, which allowed us to calculate the value of capital invested in the country (about $128.8 billion), local revenue (about $262.6 billion), as well as staff (about 1.049 million people). 1,649 foreign companies have reduced, suspended or ceased operations in Russia. Also, recently we added information about companies that have completed the sale of their business in Russia based on the information collected from the official registers.

As can be seen from the tables below, As of August 14, companies which had already completely exited from the Russian Federation, had 192,600 personnel, $18.9 billion in annual revenue and $7.7 billion in capital; companies, that declared a complete withdrawal from Russia had 140,700 personnel, $34.1bn in revenues and $18.6bn in capital; companies that suspended operations on the Russian market had 158,800 personnel, annual revenue of $63.1bn and $32.8bn in capital.

What’s new last week – key news from Daily monitoring

(updated on a weekly basis)⁶

Get more details on a daily basis:

KSE Telegram bot on news monitoring @exit_ru_bot 

Twitter of SelfSanctions project

Leave-russia.org website

Twitter of leave-russia.org website

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¹ – KSE status “leave” – Companies that have published on the company’s official website (or their release has appeared in a foreign publication such as FT, NYT, etc.) that are completely shutting down in Russia or companies that have officially announced that they are temporarily reducing operations in Russia
– KSE status “wait” – Companies that have published on the company’s official website (or their release has appeared in a foreign publication such as FT, NYT, etc.) that they are reducing only part of their business operations by continuing to work on other operations or companies that have reported delaying future investment / development / marketing , while continuing their core business
– KSE status “stay” – Companies that ignore exit / downsizing requirements in Russia, as well as companies that have officially stated that they remain in Russia or news of their exit have not been found
– KSE status “exited” – Companies that sold its business/assets or its part of the business to a local partner and leaved the market

² As of 19/06/2022, we updated the database with extended information on ~ + 400 new companies, and as of 07/08/2022, we have updated data for some companies on personnel, revenue, and capital for 2021 (and will continue to do so as new data is processed). Also, we started to monitor additionally whether companies really stated any actions to exit the country (currently we observe a very small number of such companies). So far we found information only about a few companies which started selling their business in Russia. Even for most of them – it’s just an intention or they just started the process of sale. Everything else is mostly the statements or some preliminary steps. The first collected information is already available and systematized in the form of a newKSE’s status “exited”.

³ On 24 July 2022, we introduced the new status “exited”, which reflects the companies’ actions to finalise the exit from the Russian market. The status relies on data from the Uniform State Register of Legal Entities in Russia and complementary analysis such as companies’ announcements and media publications of company activities. At the same time, companies’ activities can be hard to track and can be missed in the analysis, especially for companies less covered in the media. We encourage our readers to inform us if they are familiar with the companies’ actions that contradict their announcements about the exit via the Feedback Form at https://leave-russia.org/.

⁴ KSE Institute started to develop new BI analytics module with a lot of dashboards, the first one is already available at the https://leave-russia.org/ website soon, stay tuned for further updates

⁵ Corrected information regarding the Ukrainian bookmaker Parimatch, which was believed to have continued its activities in Russia under a different name. According to the information provided by the company on 16/08/2022, the franchise and software were used illegally. Accordingly, the status of the company was changed from “Stay” to “Leave”.

⁶ Recently, a new section “Company news” was added to the project site https://leave-russia.org/, follow daily updates directly on the site