KSE database is partly based on the Yale\u2019s School of Management database<\/a>,\u00a0epravda.com.ua<\/a>,\u00a0squeezingputin.com<\/a>, leave-russia.org<\/a> \u00a0websites 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.<\/p>\n KSE Institute is glad to announce that we are in the process of merging with project leave-russia.org<\/a> which was developed by a team of volunteers. Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u201cstay<\/b>\u201d\u00b9 <\/em>) \u2013 709<\/b> (+4 per week\u00b2)<\/b><\/p>\n Number of the companies that have reduced current operations and hold off new Investments<\/b> (KSE\u2019s status \u201cwait<\/b>\u201d) \u2013 469 (+5 per week)<\/b><\/p>\n Number of the companies that have curtailed Russian operations<\/b> (KSE\u2019s status \u201cleave<\/b>\u201d) \u2013 1 157 (+2 per week)<\/b><\/p>\n As of July 10,<\/b> we have identified about 2,335 companies, organizations and their brands from 77 countries and 56 industries<\/b> and analyzed their position on the Russian market. About half of them are public ones, for ~800\u00b3 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), which allowed us to calculate the value of capital invested in the country (about $116.7 billion<\/b>), local revenue (about $228.3 billion<\/b>), as well as staff (about 0.855 million people<\/b>). 1,626 foreign companies have reduced, suspended or ceased operations in Russia.<\/b><\/p>\n As can be seen from the tables below, As of July 10, <\/b>companies that declared a complete withdrawal<\/b> from Russia had $44.3bn in revenues<\/b> and $24.8bn in capital<\/b>; companies that suspended their operations<\/b> on the Russian market had yearly revenue of $61.0bn<\/b> and $33.3bn in capital<\/b>. TOP-70 companies-the largest taxpayers paid ~ $20,2bn of taxes annually<\/b> – haven’t completely withdrawn yet, although suspended or scaled back.<\/p>\n If since the beginning of the Russian invasion of Ukraine, the percentage of companies that closed operations in Russia has risen sharply by mid-March, in the last month the ratio of those who leave or stay is virtually unchanged. although we still see a periodic increase in the share of those companies that remain in the Russian market. However, about a half (49.6%) of foreign companies have already announced their withdrawal from the Russian market, but another 30.4% are still remaining in the country.<\/p>\n The actions of companies by sector (based on the KSE database, with at least 20 companies representing the industry or country) are shown in the graphs below.<\/p>\n Decisions of Western companies by country and sector:<\/b><\/p>\n WEEKLY FOCUS. HOW MUCH WILL FOREIGN COMPANIES LOSE OVER LEAVING RUSSIA? Despite the Russian government’s statement that leaving Russia will be unpleasant for foreign companies, it will not be a disaster for them. At the same time, hundreds of thousands of jobs, billions of lost companies\u2019 revenues and budget income are at risk within the country.<\/b><\/p>\n KSE Institute analyzed annual reports of about 500 companies and their decisions to exit Russia. It concluded that for most foreign companies operating in Russia before February 24th, business in this country accounted, on average, for less than 4% of total revenues (see graph to the right).\u00a0<\/p>\n The share of business for those companies that have already announced their exit from Russia (on average, 3.2% for 229 analyzed companies) is significantly lower than for companies that remain (5.7% for 98 companies) and slightly lower for wait-and-see companies (3.4% for 150 companies), see graph to the right.<\/p>\n If we analyze these data by industry, the following sectors have a share of local revenue higher than 4%: Alcohol and tobacco<\/b> (12.4%), FMCG\/consumer goods<\/b> (10.6%), Online – services<\/b> (6.8%), Engineering <\/b>(6.7%), Food and Beverages<\/b> (5.0%), Public catering<\/b> (4.8%), Industrial Production<\/b> ( 4.7%) and Chemical industry<\/b> (4.1%), see graph to the right.<\/p>\n Data source: KSE Institute database, Wikipedia and company websites<\/p>\n For separate companies, dependency on the Russian market can be much higher. For instance, for Dutch retailer Spar <\/b>and French Leroy Merlin<\/b>, the share of Russian revenue is close to 60%. And for Turkish glass producer \u015ei\u015fecam <\/b>and Italian manufacturer of chocolate and confectionery products, Ferrero <\/b>is above 50%. No wonder these companies are reluctant to leave the market. At the same time, there are examples of decisions to leave Russia even with high exposure to the market. Latvian Elko Grupa<\/b>, a distributor of IT and consumer electronics with a share of sales in Russia at 53%, was one of the first to exit the market entirely. Recently, Finland\u2019s Nokian Tires <\/b>announced their decision to leave Russia, despite the share of Russian revenues being 49%.<\/p>\n KSE Institute also analyzed 18 popular brands in the consumer sector that sold food and beverages, clothing, cosmetics and household chemicals, five hotel chains and seven restaurant chains. For most consumer brands that left or intended to leave Russia, business in this country accounted, on average, for less than 4% of revenue. On the other hand, Russians will first feel the absence of these products and services. At the same time, the total number of locations in the Russian Federation for analyzed companies was 6,741 compared to 240,911 locations worldwide, so the share of premises in Russia is also relatively low – 2.8%.<\/p>\n Data source: KSE Institute database, Wikipedia and company websites<\/p>\n Recently our partners, We are Ukraine<\/a>, analyzed the Top-100 most expensive brands<\/a> by comparing their business in Russia and abroad and came to the conclusion that only 22 out of the 100 most valuable global brands haven\u2019t been working in or with Russia at the time when it waged a full-scale war against Ukraine on February 24, 2022. The rest of the 78 companies faced the dilemma \u2014 leave the aggressor country for good, reduce some operations in the hope of buying some time, or ignore the world\u2019s biggest humanitarian disaster since WWII and continue doing business as usual in Russia.<\/p>\n What\u2019s new last week – key news from Daily monitoring<\/b><\/p>\n (updated on a weekly basis) *Mitsui OSK Lines <\/b>(Japan, Marine Transportation) Status by KSE – stay<\/i><\/p>\n Japan’s largest shipping company, Mitsui OSK, President and CEO Takeshi Hashimoto said on the 3rd that Japan had no choice but to continue buying Russian liquefied natural gas (LNG).<\/p>\n https:\/\/news.v.daum.net\/v\/20220704142411489<\/a><\/p>\n *Schneider Electric <\/b>(France, Electronics) Status by KSE – leave<\/i><\/p>\n France’s Schneider Electric to sell Russia unit to local management<\/p>\n https:\/\/www.reuters.com\/technology\/frances-schneider-electric-sell-russia-unit-local-management-2022-07-04\/?taid=62c2ac356dc5730001a556b4&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter<\/a>\u00a0<\/p>\n *Indian Institute of Spices Research (IISR)<\/b> (India, Agriculture) Status by KSE – stay<\/i><\/p>\n The Indian Institute of Spices Research (IISR) under the Indian Council for Agricultural Research (ICAR) inked a Memorandum of Understanding (MoU) with Lysterra LLC, a Russia-based company for commercialisation of biocapsule, an encapsulation technology for bio-fertilisation.<\/p>\n https:\/\/economictimes.indiatimes.com\/news\/economy\/agriculture\/boosting-agri-ties-india-russia-sign-mou-for-commercialisation-of-biocapsule\/articleshow\/92664512.cms<\/a>\u00a0<\/p>\n *MSD <\/b>(USA, Pharma, Healthcare) Status by KSE – wait<\/i><\/p>\n The American MSD stops supplying the Russian Federation with vaccines against chickenpox, rubella, measles and mumps, which are also produced by other manufacturers, but will retain sales of its drugs that do not have analogues.<\/p>\n https:\/\/www.kommersant.ru\/doc\/5446031<\/a><\/p>\n *IKEA<\/b> (Sweden, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n IKEA reopens for online fire sale in Russia before market exit<\/p>\n https:\/\/www.reuters.com\/business\/retail-consumer\/ikea-reopens-online-fire-sale-russia-before-market-exit-2022-07-05\/<\/a>\u00a0<\/p>\n *Huawei<\/b> (China, Electronics) Status by KSE – wait<\/i><\/p>\n Huawei is actively recruiting new employees in Russia<\/p>\n https:\/\/www.kommersant.ru\/doc\/5436796<\/a>\u00a0<\/p>\n *PwC<\/b> (Great Britain, Consulting & Law) Status by KSE – leave<\/i><\/p>\n On 30 June the legal agreement for the departure of the firm in Russia from the PwC Network was signed. \u201c We can confirm that today (4 July 2022) all aspects of the departure of the former PwC firm in Russia have been completed and PwC no longer has a firm in Russia\u201d.<\/p>\n https:\/\/www.pwc.com\/gx\/en\/news-room\/press-releases\/2022\/statement-on-pwc-russia-sanctions-update-4-July-2022.html<\/a>\u00a0<\/p>\n *KFC<\/b> (USA, Public catering) Status by KSE – wait<\/i><\/p>\n Company is also in advanced stages of transferring ownership of its KFC restaurants, operating system and master franchise rights, including the network of franchised restaurants, to a local operator.<\/p>\n https:\/\/www.yum.com\/wps\/portal\/yumbrands\/Yumbrands\/news\/company-stories\/Update+on+Yum+Brands+Plan+to+Exit+Russia<\/a>\u00a0<\/p>\n *Yum Brands<\/b> (USA, Public catering) Status by KSE – leave<\/i><\/p>\n Announced the current process of exiting the Russian market. Last month, Yum! completed the transfer of ownership of all assets of the Pizza Hut franchise to a local operator. The company is also in the advanced stages of transferring ownership of its KFC restaurants.<\/p>\n https:\/\/www.yum.com\/wps\/portal\/yumbrands\/Yumbrands\/news\/company-stories\/Update+on+Yum+Brands+Plan+to+Exit+Russia<\/p>\n *UniCredit Bank <\/b>(Italy, Finance and payments) Status by KSE – stay<\/i><\/p>\n Still operating in Russia. UniCredit is considering leaving the Russian Federation, but with the possibility of returning after the war – Bloomberg<\/p>\n https:\/\/news.finance.ua\/ua\/unicredit-rozhlyadaye-vyhid-z-rf-ale-z-mozhlyvistyu-povernutysya-pislya-viyny-bloomberg<\/a>\u00a0<\/p>\n *Volvo <\/b>(Sweden, Automotive) Status by KSE – leave<\/i><\/p>\n Automaker Volvo Group will reduce employees in the Russian Federation during the year. The company produced trucks at the plant in Kaluga, which is currently idle.<\/p>\n https:\/\/news.finance.ua\/ua\/volvo-protyahom-roku-provede-skorochennya-spivrobitnykiv-u-rosii<\/a>\u00a0<\/p>\n *BitMEX<\/b> (Seychelles, Finance and payments) Status by KSE – wait<\/b><\/p>\n BitMEX (Crypto exchange) to Restrict Services to Russians in EU due to sanctions, Russians in Russia will not be affected<\/p>\n https:\/\/cryptobriefing.com\/bitmex-to-restrict-services-to-russians-in-eu\/<\/a>\u00a0<\/p>\n *Espersen<\/b> (Denmark, Food & Beverages) Status by KSE – leave<\/i><\/p>\n Supplied fish to McDonalds, suspended operations 17.03.2022 after McDonalnds closed restaurants, 6.07.2022 decides to sell Russian business\u00a0\u00a0<\/p>\n https:\/\/www.intrafish.com\/processing\/danish-seafood-giant-espersen-decides-to-sell-russian-business\/2-1-1243570<\/a>\u00a0<\/p>\n *Women’s Tennis Association<\/b> (USA, Sport) Status by KSE – wait<\/i><\/p>\n suspend Russian partnerships, bans participation under the name or flag of Russia or Belarus, but allows participation of individual athletes. Issued fines for the tournaments that banned participation of individual athletes from Russia and Belarus<\/p>\n https:\/\/en.as.com\/other_sports\/wimbledon-2022-tournament-organizers-appeal-wtas-1-million-fine-for-ban-on-russia-n\/?omnil=resrelrecom<\/a>\u00a0<\/p>\n *ArcelorMittal<\/b> (Luxembourg, Metals and Mining) Status by KSE – leave<\/i><\/p>\n Resumed shipment of steal to Russia from its production in Kazakhstan<\/p>\n https:\/\/www.kommersant.ru\/doc\/5446717?tg<\/a><\/p>\n *HSBC<\/b> (Great Britain, Finance and payments) Status by KSE – wait<\/i><\/p>\n HSBC Is in Talks to Sell Russian Unit to Expobank.<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2022-07-06\/hsbc-is-in-talks-to-sell-russian-unit-to-local-lender-expobank<\/a>\u00a0<\/p>\n *Total Energies<\/b> (France, Energy, oil and gas) Status by KSE – wait<\/i><\/p>\n TotalEnergies quits Russia’s Kharyaga oil project in wake of sanctions<\/p>\n https:\/\/www.reuters.com\/business\/energy\/exclusive-total-quits-russias-kharyaga-oil-project-wake-sanctions-2022-07-06\/<\/a><\/p>\n *Starbucks<\/b> (USA, Food & Beverages) Status by KSE – leave<\/i><\/p>\n The coffee shops of the American chain Starbucks in Russia can be bought by a local restaurateur, the founder of the company Pinskiy&Co, Anton Pinsky.<\/p>\n https:\/\/www.epravda.com.ua\/news\/2022\/07\/7\/688941\/<\/a>\u00a0<\/p>\n *Volkswagen (<\/b>Germany, Automotive) Status by KSE – leave<\/i><\/p>\n This week, the Volkswagen company will announce the liquidation of the production site in Nizhny Novgorod, says “Gazeta.ru” with reference to two sources, in particular – in the Russian office of the German company.<\/p>\n https:\/\/news.finance.ua\/ua\/volkswagen-likviduye-zavod-u-nyzhn-omu-novhorodi<\/a>\u00a0<\/p>\n *LPP <\/b>(Poland, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n The new owner of “RE Trading” LLC \u2014 the Russian division of the Polish retailer LPP \u2014 is the UAE-registered company “Farist Services-Fzco”. The record of this in the register is dated June 30.<\/p>\n https:\/\/www.kommersant.ru\/doc\/5446520?query=\u00ab\u0420\u0415%20\u0422\u0440\u044d\u0439\u0434\u0438\u043d\u0433<\/a>\u00bb <\/p>\n *Vilhelm Parfumerie <\/b>(France, FMCG) Status by KSE – stay<\/i><\/p>\n In the first quarter, a mono-boutique Vilhelm Parfumerie was opened in the format of street retail<\/p>\n https:\/\/www.epravda.com.ua\/rus\/news\/2022\/07\/7\/688944\/<\/a>\u00a0<\/p>\n https:\/\/www.forbes.ru\/biznes\/470827-kriticeskij-minimum-za-polugodie-na-rynok-retejla-vysli-lis-dva-inostrannyh-brenda<\/p>\n *Li-Ning (<\/b>China, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n in the second quarter, the first Chinese sportswear and footwear store of the Li-Ning brand was opened<\/p>\n https:\/\/www.epravda.com.ua\/rus\/news\/2022\/07\/7\/688944\/<\/a>\u00a0<\/p>\n https:\/\/www.forbes.ru\/biznes\/470827-kriticeskij-minimum-za-polugodie-na-rynok-retejla-vysli-lis-dva-inostrannyh-brenda<\/a>\u00a0<\/p>\n *Prisma<\/b> (Finland, FMCG) Status by KSE – leave<\/i><\/p>\n close all business operations in Russia<\/p>\n https:\/\/s-ryhma.fi\/en\/news\/s-group-will-close-all-business-operations-in-russ\/1ryWAf2TE38Wo9OFv2BrUJ<\/a>\u00a0<\/p>\n https:\/\/www.esmmagazine.com\/retail\/russias-x5-to-buy-st-petersburg-chain-from-finlands-prisma-176842<\/a>\u00a0<\/p>\n *Four Season hotels <\/b>(Canada, Hospitality, Real estate) Status by KSE – leave<\/i><\/p>\n Canadian Four Seasons has suspended direct management of hotels in Russia<\/p>\n https:\/\/news.finance.ua\/ua\/kanads-ka-four-seasons-pryzupynyla-pryame-upravlinnya-hotelyamy-v-rosii<\/a>\u00a0<\/p>\n *HDFC Bank<\/b> (India, Finance and payments) Status by KSE – stay<\/i><\/p>\n HDFC Bank facilitated a domestic cement maker\u2019s yuan trade purchase of Russian coal to avoid USD<\/p>\n https:\/\/www.asiafinancial.com\/indias-hdfc-bank-aided-yuan-trade-in-russian-coal<\/a>\u00a0<\/p>\n *Koskinen<\/b> (Finland, Manufacturing) Status by KSE – leave<\/i><\/p>\n Koskinen manufactures and markets wood products 7\/07 has sold its sawing operations located in Russia to Cherepovetsles 8\/03 discontinue its operations in Russia<\/p>\n https:\/\/www.lesprom.com\/en\/news\/Koskisen_sells_its_Russian_production_facility_to_Cherepovetsles_103722\/<\/a>\u00a0<\/p>\n *Hainan Airlines<\/b> (China, Air transportation) Status by KSE – stay <\/i>(sub-status – returned<\/i>)<\/p>\n https:\/\/www.flightglobal.com\/networks\/in-rare-move-hainan-airlines-resumes-flights-to-russia\/149324.article<\/a>\u00a0<\/p>\n *BBK Electronics<\/b> (China, Electronics) Status by KSE – stay<\/i><\/p>\n Xiaomi, Realme<\/b>, Honor (a spinoff of smartphone maker Huawei), and Oppo<\/b> now hold 61% of Russia\u2019s smartphone market by sales as of May 2022<\/p>\n https:\/\/fortune.com\/2022\/07\/07\/russia-ukraine-apple-samsung-china-smartphones-sales-realme-honor-xiaomi\/<\/a>\u00a0<\/p>\n *Turkish Airlines<\/b> (Turkey, Air transportation) Status by KSE – stay<\/i><\/p>\n Still flying to Russia, extended suspension of flights to Minsk, Yekaterinburg, Rostov, and Sochi until the end of August.<\/p>\n https:\/\/twitter.com\/turkiyenewsen\/status\/1544972798631739392<\/a>Get more details on a daily basis:<\/b><\/p>\n KSE Telegram bot on news monitoring<\/b><\/a> @exit_ru_bot<\/b>\u00a0<\/p>\n Twitter of SelfSanctions project<\/b><\/a><\/p>\n Leave-russia.org w<\/b><\/a>ebsite <\/a><\/b><\/p>\n Twitter of leave-russia.org website<\/b><\/a><\/p>\n
\nKSE DATABASE SNAPSHOT as of 10.07.2022
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\n<\/b><\/p>\n04.07.2022<\/h3>\n
05.07.2022<\/h3>\n
06.07.2022<\/h3>\n
07.07.2022<\/h3>\n
08.07.2022<\/h3>\n
09.07.2022<\/h3>\n