KSE database is partly based on the Yale\u2019s School of Management database<\/a>, the University of St.Gallen latest Paper<\/a>, epravda.com.ua<\/a>, squeezingputin.com<\/a>, https:\/\/bloody.energy\/<\/a> and leave-russia.org<\/a> 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 much 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 and Leave Russia project are the part of <\/i>B4Ukraine Coalition<\/i><\/a> since mid-2022.<\/i><\/p>\n KSE Institute is glad to announce have finalized merging <\/a>with project leave-russia.org<\/a> which was developed by a team of volunteers.<\/p>\n Also, we agreed on partnering with the Push To Leave<\/a> team. \u201cPush To Leave<\/a>\u201d allows you to find any brand or company that is operating in Russia just by scanning barcodes. Impose your personal sanctions by downloading app here:<\/i><\/b> Apple App Store<\/i><\/b><\/a> |<\/i><\/b> Google Play<\/i><\/b><\/a>.<\/i><\/b>KSE DATABASE SNAPSHOT as of 15.05.2023<\/b><\/p>\n Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u00abstay<\/b>\u00bb\u00b9<\/b>) \u2013 1 276 (+36 per 2 weeks)<\/b><\/p>\n Number of the companies that have reduced current operations and hold off new Investments<\/b> (KSE\u2019s status \u00abwait<\/b>\u00bb<\/b>) \u2013 508 (-1 per 2 weeks)<\/b><\/p>\n Number of the companies that have curtailed Russian operations<\/b> (KSE\u2019s status \u00ableave<\/b>\u00bb<\/b>) \u2013 1 197 (-6 per 2 weeks)<\/b><\/p>\n Number of the companies that completed withdrawal from Russia<\/b> (KSE\u2019s status \u201cexited<\/b>\u201d) \u2013 233 (0 per 2 weeks)<\/b><\/p>\n As of May 14,<\/b> we have identified about 3,213 companies, organizations and their brands from 88 countries and 57 industries<\/b> and analyzed their position on the Russian market. About 40% of them are public ones, for ~1 400 public groups of companies<\/b>, we also identified (where it was possible) their operating business in Russia (the presence of a controlling stake in a legal entity and revenue received) and found the data for 2021, which allowed us to calculate the value of capital invested in the country (about $174.5 billion<\/b>), local revenue (about $303.4 billion<\/b>), local assets (about $288.3 billion<\/b>) as well as staff (about 1.427 million people<\/b>) and taxes paid (about $25.0 billion<\/b>). 1,705 foreign companies<\/b> have reduced, suspended or ceased operations in Russia. Also, we added information about 233<\/b> companies that have completed the sale of their business in Russia<\/a> based on the information collected from the official registers.<\/p>\n As can be seen from the tables below, as of May 14, 233 <\/b>companies which had already completely exited from the Russian Federation, in 2021 had at least 392,700 personnel<\/b>, $55.1 bn in annual revenue<\/b>, $24.8bn in capital <\/b>and $49.1bn in assets<\/b>; companies, that declared a complete withdrawal from Russia had 266,500 personnel<\/b>, $49.8bn in revenues<\/b>, $19.6bn in capital <\/b>and $20.7bn in assets<\/b>; companies that suspended operations on the Russian market had 114,600 personnel<\/b>, annual revenue of $38.3bn<\/b>, $38.8bn in capital <\/b>and $99.8bn in assets<\/b>.<\/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-April 2022, in the last 8 months 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 (by adding new companies to the database). However, if to operate with the total numbers<\/b> in KSE database, about 37.3% of foreign companies have already announced their withdrawal from the Russian market or suspended their activity, but another 39.6% are still remaining in the country, 15.8% are waiting and only 7.2% made a complete exit\u00b3.<\/p>\n At the same time, it is difficult not to overestimate the impact on the Russian economy of only 233 companies that completely left the country, since in 2021 they employed 27.5% of the personnel employed in foreign companies, the companies owned about 17.0% of the assets, had 14.2% of capital invested by foreign companies, and in 2021 they generated revenue of $55.1 billion or 18.2% of total revenue and paid $3.7 billion of taxes or 14.6% of total taxes paid by the companies observed. Data on 1,400 TOP companies is presented in the table above.<\/p>\n As it is visible on the charts based on data for 2021 above, roughly similar % of exited <\/b>is obtained based on number of companies (16%) and on share of revenue withdrawn (18%). At the same time, a totally different picture is for those who are still staying <\/b>– 45% of companies represent 26% of revenue and 16% of waiting <\/b>companies represent 27% of revenue generated in Russia. The conclusion could be that smaller companies with lower revenue prefer to stay and those who have higher revenue are more eager to wait, limiting their investments as an excuse (at the same time they continue to earn and reinvest their local profit).<\/p>\n KSE Institute has already collected and analyzed data on revenue, capital, assets and net income (profit or loss) in 2022<\/b> for 1356 companies (about 80 companies the data of which we have collected previously have not provided their reporting yet) and provides below the first ever available analysis (as far as we know, this kind of data is being made public for the first time), more details will be provided soon, once we get full information.<\/p>\n As you can see from the charts above, companies which fully exited<\/b> Russia were able to generate 2% less of revenue in 2022 (16.2% from total volume) than in 2021 (18.2% from total volume, which is clear as most of them left the country before the year-end). Leaving companies<\/b> also generated much less (-9.4%) revenue in 2022 (19.7% from total volume) than in 2021 (29.1% from total volume). Also, the group of the companies with KSE status \u201cleave<\/b>\u201d is the only one which became loss-making in terms of net income received in 2022. At the same time, staying <\/b>companies were able to generate much (+7.2%) more revenue in 2022 (33.1% from total volume) than in 2021 (25.9% from total volume). Also, companies with status \u201cwait<\/b>\u201d\u2074 also gained a higher share (+4%) of revenue in 2022 (30.9% from total volume) vs 26.9% from total volume in 2021. So the key conclusion is that money matters for those companies who are still tied with its local business in Russia.<\/p>\n Here is a list of TOP-10 companies with KSE statuses \u201cstay\u201d and \u201cwait\u201d in terms of revenue generated in 2022<\/b>:<\/p>\n 1. Philip Morris – $7.888bn<\/p>\n 2. Japan Tobacco International – $7.358bn<\/p>\n 3. Pepsi – $4.663bn<\/p>\n 4. Auchan – $3.463bn<\/p>\n 5. Metro AG – $3.405bn<\/p>\n 6. Danone – $3.002bn<\/p>\n 7. Mars – $2.646bn<\/p>\n 8. Procter & Gamble – $2.234bn<\/p>\n 9. Chery Automobile – $2.154bn<\/p>\n 10. Cargill – $2.130bn.<\/p>\n As Leroy Merlin and Nestle (they are also one of the biggest revenue gainers in Russia based on data for 2021) have not provided their financial reporting in the RF yet – but we believe that they also generated a very high amount of revenue but will be able to confirm it once we receive their financials.<\/p>\n Summarizing the first results of new data received for 2022 and comparing it with 2021 we can see the positive trends in terms of significant revenue and capital decline. Only assets have not almost changed ($275.6bn in 2022 vs $288.3bn in 2021) and will be even probably increased once we receive remaining reporting for ~80-100 companies. KSE Institute will shortly present a more detailed analysis of the key findings as announced above, please check our news for the special issue of the research study that will be published soon.<\/p>\n Current progress of Exiters vs others is the following:<\/b><\/p>\n More infographics and analytics see in the special section of our website at the link https:\/\/leave-russia.org\/bi-analytics<\/a><\/p>\n WEEKLY FOCUS: Changing the geography of financial and economic cooperation with Russia, which leads to the leveling of Western sanctions<\/b><\/p>\n In the spring of 2022, due to the invasion of Ukraine, Russia found itself under powerful collective Western sanctions imposed by a coalition of more than 40 countries. The sanctions regime against Russia was truly unprecedented. For the first time in the last half century, restrictions of an extraordinary scale were introduced against a large world economy (with a GDP of 1.78 trillion US dollars in 2021)\u2075. The Russian economy is widely embedded in global communication networks and is the most important supplier of energy resources in the world.<\/p>\n A total of almost 13 000 sectoral economic restrictions have been imposed on Russia. The Russian economy has a simplified structure for the extractive sector, working mainly for the export of industrial and energy raw materials, which is the source of the formation of significant international currency reserves and the majority of the revenue part of the budget. At the end of 2021, Russian share of global gas exports was about 25%\u2076.<\/p>\n On the face of it, Western sanctions appear to be effective: the Russian economy has shrunk, many Russian banks and companies are cut off from international financial and trading systems, and EU and US technology sanctions have weakened key industries and undermined their ability to innovate. However, statistics show that the actual impact of the sanctions in a number of areas is still lower than expected, and Russian imports have almost returned to the “pre-war” level of 2020. In some cases, exports of dual-use technologies that could be used in a war with Ukraine jumped “from virtually zero to tens of millions of dollars”\u2077.<\/p>\n However, the situation that developed in the Russian economy last year can be considered unique \u2013 the expansion of the trade balance surplus (according to the results of the year, it increased from 190.3 billion US dollars to 308 billion US dollars) against the background of the rise in world prices for energy resources, which supported the ruble exchange rate and the budget. This significantly restrained the expected decline in the economy.<\/p>\n Russian oil exports have been largely unaffected by the sanctions, with Russian exporting roughly the same amount of oil as it did before the war, with supplies that used to go to the USA and Europe now going to Asia, Africa and the Middle East. It is worth noting that the share of the US dollars in trading on the Russian stock exchange has sharply decreased \u2013 in February 2023, the Chinese yuan accounted for almost 40% of the total volume of trades in major currencies, the US dollar \u2013 38%, and the euro \u2013 21.2%. Last year in February, the US dollars accounted for 87.6%, the Chinese yuan \u2014 0.32%, the Euro \u2014 11.9%\u2078.In 2022, there was a surge in exports to countries neighboring Russia. This indicates that prohibited products could enter Russia through a “backdoor”.<\/p>\n As an example, the official Lamborghini<\/a> dealer Russian “Avtodim” opened a mono-brand salon of the brand in “Moscow-City”, although the supply of new cars of this brand to the country was stopped in the spring of 2022. The salon is replenished with cars from parallel imports. In fact, these are new cars with low mileage, but not bought from an official importer\u2079.<\/p>\n Trade statistics show that exports of certain goods to third countries, which had remained stable for years, suddenly rose sharply after the outbreak of war or the imposition of sanctions. It can’t just be a coincidence\u00b9\u2070. It can be argued that Russian trade at this time became focused towards Asian countries.<\/p>\n While Western countries unite to arm the Ukrainians to continue their fight against Russia, their own technology is being used by Russia to fight back.<\/p>\n As an example, direct sales of chips to Russia from the USA and its allies have dropped to zero. From 2017 to 2021, Russia purchased an average of 163 million US dollars worth of advanced chips and integrated circuits from the EU, the USA, Japan, and Great Britain. In 2022, this indicator decreased to 60 million US dollars. But it was possible to fill this deficit due to supplies from Turkey, Serbia, UAE and other countries\u00b9\u00b9.<\/p>\n Trade data shows that other countries have stepped in to provide Russia with some of what it needs. After a sharp drop immediately after the invasion of Ukraine, Russian imports of microchips have started to rise again, especially from China.<\/p>\n For reference:<\/b> in 2022, Armenia imported 515% more chips and processors from the USA and 212% more from the EU than in 2021. Then Armenia exported 97% of these products to Russia\u00b9\u00b2<\/i>.<\/i> In this context, China is not just a supplier of sensitive goods to the Russian market, but probably also a supplier of them to the Russian military industry, providing 57% of semiconductor supplies<\/i>\u00b9\u00b3<\/i>.<\/i><\/p>\n In 2022, Kazakhstan sent 3.7 million US dollars worth of advanced semiconductors to Russia. At the same time, in 2021, this indicator was only 12 thousand US dollars\u00b9\u2074<\/i>.<\/i><\/p>\n There are at least six sanctions evasion schemes that Washington believes the Kremlin is using to acquire semiconductors and other electronics that are central to Russian production of guidance systems for its missiles, drones, tanks and other military equipment. Most of this technology is dual purpose, meaning it could also be used in making regular consumer products like cell phones, radios, printers and washing machines. In some cases, Russia appears to be buying these sorts of goods, then stripping them for their high tech parts\u00b9\u2075<\/i>.<\/i><\/p>\n In February 2023, the European Bank for Reconstruction and Development published a report\u00b9<\/i>\u2076, according to which, after the introduction of the first sanctions in March 2022, exports from the EU and Great Britain to Russia more than halved, and exports from Europe to Armenia, Kazakhstan and Kyrgyzstan suspiciously jumped by 15-90%. Also, the “suspicious boom” on German goods in Central Asia drew attention in Germany. The income of German companies from trade with Kazakhstan in 2022 increased by 210% compared to 2018-2020, with Kyrgyzstan by 1 157%, respectively. The export of goods from the Netherlands to Kyrgyzstan increased by 142%, and from Kyrgyzstan to Russia by 233%. Countries bordering Russia are buying more and more goods from Europe and undermining the Western sanctions regime by reselling them to Moscow. At the same time, tracking the entire supply chain is sometimes very difficult\u00b9<\/i>\u2077.<\/p>\n The German authorities believe that it may be about supplying Russia with parallel imports to circumvent sanctions, especially within the framework of the Eurasian Economic Union. In Berlin, this is considered unacceptable. According to Bild, the EU special representative for sanctions, David O’Sullivan, has already drawn attention to this. In general, according to the calculations of the Eastern Committee of the German Economy, in 2022 the export of cars and auto parts from Germany increased (to Kazakhstan \u2013 by 507%, to Armenia \u2013 by 761%), chemical products (to Kazakhstan \u2013 by 129%, to Armenia \u2013 by 110 %), electrical equipment (to Uzbekistan \u2013 by 105%, to Armenia \u2013 by 344%), metal products (to Kazakhstan \u2013 by 137%) and clothing (to Kazakhstan \u2013 by 88%)\u00b9<\/i>\u2078.<\/p>\n In 2022, the US Treasury stated that at least 18 countries were helping Russia circumvent sanctions. Among them were Armenia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan\u00b9<\/i>\u2079.<\/p>\n In Washington, they made it clear that Russian key partners in the region are being offered a choice: “remain connected to the world economy or provide material support to Russia and lose access to the most important world markets.” In other words, the USA threatened secondary sanctions for organizing the re-export of prohibited products to Russia. The stated goal is to \u201cdeprive Russia of the resources and equipment it needs on the battlefield and limit the revenues that the Kremlin relies on.<\/p>\n Turkey was the first of Russia’s major “friendly” trade partners to close the possibility of transit of sanctioned goods to Russia as a result of the EU’s pressure on Turkey regarding the transit of European goods. In 2022, Turkey became the largest transport hub for sanctioned goods destined for Russia, including parallel imports. The monthly transit of goods through Turkey amounted to 200-400 million US dollars\u00b2\u2070.<\/p>\n An additional confirmation from our side of the fact that countries “friendly” to Russia help it circumvent sanctions can be the fact that almost half of the new companies added to the KSE database in 2023 were headquartered in Asian and Middle Eastern countries, namely: China and Hong Kong: +54 companies, UAE: +17 companies, Turkey: +8 companies, India, Iran and Japan: +6 companies each, Uzbekistan: +3 companies, Kazakhstan: +2 companies. On the other hand, it is unfortunate to observe that the so-called countries of the “sanction coalition” are also not far behind and continue to enter Russia\u2019s toxic market, for example, the USA: +38 companies, Great Britain: +17 companies, Germany: +10 companies, France: +8 companies. Of course, we could not identify some companies earlier, but the general trend cannot but be alarming.<\/b><\/p>\n In this regard, it should be noted that in 2023, the European Union adopted the tenth package of sanctions against Russia in response to Russia’s full-scale invasion of Ukraine, in particular, the strengthening of sanctions compliance is expected, which is becoming increasingly important\u00b2\u00b9.<\/p>\n Considering the above, it is already clear that the Western sanctions did not lead to a severe crisis in the Russian economy, although it caused considerable damage to it<\/b>.<\/p>\n Implementation of sanctions was slow and ineffective. Western leaders initially poorly articulated their ambitions \u2014 from “degrading and destroying” Russia’s supply chains to “shaking” the foundations of its economy.<\/p>\n But, unfortunately, the loopholes in the sanction “nets” turned out to be still significant and numerous. The behavior of many countries has been mixed at best, and at worst has led to further profits from providing opportunities to circumvent Western sanctions for the Kremlin and its proxies. But there is much more that can be done, starting with better domestic enforcement of sanctions in allied countries and more active diplomatic engagement to reverse the progress Russia has made in countering international support for sanctions. There is no doubt that Ukraine’s allies have learned from their weak sanctions response to Russia’s annexation of Crimea in 2014 and have come a long way from their earlier start last year. But as the Kremlin adapts and disguises its supply chains and financial ties, the West will need to assess and adjust its activities accordingly\u00b2\u00b2.<\/p>\n In this regard, the EU plans to approve the eleventh package of sanctions against Russia. Unfortunately, the permanent representatives of the member states of the European Union at a meeting on Friday, May 12, 2023, were unable yet to agree on the eleventh package of sanctions against Russia, but another meeting is scheduled for the next week\u00b2\u00b3. Currently, there is an urgent issue of introducing secondary sanctions in relations with those countries that help Russia circumvent the existing restrictions. One of these measures is the introduction of a general sanctions regime for all Western and Asian countries\u00b2\u2074. An example of this is the growing interest in the CIS markets, when it was necessary to establish logistics chains for parallel imports to Russia, which already exceeded 20 billion US dollars\u00b2\u2075.<\/p>\n Nevertheless, in the matter of monitoring compliance with sanctions, there is still more hope for the US, which is trying to partially stop the flow of parallel imports using secondary sanctions. Turkey’s sudden stop in the transit of sanctioned goods to Russia is indicative in this regard\u00b2\u2076.<\/p>\n What\u2019s new last month – key news from Daily monitoring<\/b><\/p>\n (updated on a bi-weekly basis)<\/b>\u00b2\u2077<\/b><\/p>\n *Exolum<\/b> (Spain, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Exolum CEO: Russian energy products may be entering Europe indirectly<\/p>\n https:\/\/www.reuters.com\/business\/energy\/exolum-ceo-russian-energy-products-may-be-entering-europe-indirectly-2023-05-11\/<\/a>\u00a0<\/p>\n *IC Holding<\/b> (Turkey, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Time to invest: Turkish firms invited to Russia to fill void left by Western brands<\/p>\n https:\/\/www.dailysabah.com\/business\/economy\/time-to-invest-turkish-firms-invited-to-russia-to-fill-void-left-by-western-brands<\/a><\/p>\n *Georgian Airways<\/b> (Georgia, Air transportation) Status by KSE – stay<\/i><\/p>\n Georgia Airways founder Tamaz Gayashvili welcomes Russia’s decision to start direct flights between the Sahara.<\/p>\n https:\/\/bm.ge\/ka\/article\/quotrusetshi-reisebis-dawyebas-momzadeba-schirdeba-mivesalmebi-am-gadawyvetilebasquot—georgia-airways-is-damfudznebeli\/133713<\/a>\u00a0<\/p>\n *Pernod Ricard <\/b>(France, Alcohol&Tobacco) Status by KSE – wait<\/i><\/p>\n Pernod Ricard can confirm that it has stopped all exports of its international brands to Russia at the end of April 2023.<\/p>\n https:\/\/www.pernod-ricard.com\/en\/media\/pernod-ricard-cease-its-operations-russia<\/a>\u00a0<\/p>\n *Geely<\/b> (China, Automotive) Status by KSE – stay<\/i><\/p>\n Geely chief defends Chinese car brand\u2019s sales push in Russia<\/p>\n https:\/\/www.ft.com\/content\/b77603d9-5a10-4e33-852e-2d31bea4161a<\/a>\u00a0<\/p>\n *Inditex<\/b> (Spain, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n Pinsent Masons on the sale of Inditex business in Russia to the Daher Group<\/p>\n https:\/\/iberianlawyer.com\/pinsent-masons-on-the-sale-of-inditex-business-in-russia-to-the-daher-group\/<\/a>\u00a0<\/p>\n *Space Exploration Technologies Corp.<\/b> (USA, Aerospace) Status by KSE – stay<\/i><\/p>\n Starlink Terminals On Sale In Russia, Although System Does Not Work On Country\u2019s Territory<\/p>\n https:\/\/ukranews.com\/en\/news\/932303-starlink-terminals-on-sale-in-russia-although-system-does-not-work-on-country-s-territory<\/a>\u00a0<\/p>\n *Hikvision<\/b> (China, Electronics) Status by KSE – stay<\/i><\/p>\n The revenue of Hikvision, the Russian office of the world’s largest Chinese manufacturer of video surveillance solutions, grew by 42% in 2022 to 10.9 billion rubles.<\/p>\n https:\/\/kapital-rus.ru\/news\/395929-kitaicy_ustanovili_rekord_po_prodajam_ustroistv_dlya_massovoi_slejki\/<\/a>\u00a0<\/p>\n *Fortum<\/b> (Finland, Energy, oil and gas) Status by KSE – wait<\/i><\/p>\n Fortum to write off $1.9 billion after Russia seized assets<\/p>\n https:\/\/www.reuters.com\/business\/energy\/fortums-q1-core-profit-beats-estimates-2023-05-11\/<\/a>\u00a0<\/p>\n *Gasum <\/b>(Finland, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Finnish Gasum has stopped taking LNG shipments from NOVATEK’s Kryogaz-Vysotsk project in Lenoblast, according to Kpler data<\/p>\n https:\/\/www.kommersant.ru\/doc\/5978473<\/a>\u00a0<\/p>\n *Google<\/b> (USA, Online Services) Status by KSE – wait<\/i><\/p>\n The “\u042a” source in the Russian electronics market said that Google is increasingly refusing GMS (Google Mobile Services, which includes YouTube, Google Play, cards, etc.)<\/p>\n https:\/\/www.kommersant.ru\/doc\/5978452<\/a>\u00a0<\/p>\n *Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – wait<\/i><\/p>\n Raiffeisenbank International tightened the conditions for its current accounts in CIS banks<\/p>\n https:\/\/www.kommersant.ru\/doc\/5978699<\/a>\u00a0<\/p>\n *Unilever <\/b>(Great Britain, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n Unilever breaks pledge: profits in Russia doubled, advertising spending increased\u00a0<\/p>\n https:\/\/www .ftm.eu\/articles\/unilever-doubles-profits-russia<\/a>\u00a0<\/p>\n *Svitzer<\/b> (Denmark, Marine Transportation) Status by KSE – wait<\/i><\/p>\n Maersk (Denmark, Logistics, Transport) Status by KSE – exited<\/i><\/p>\n “Sakhalin-2” risks being left without chartered Dutch vessels<\/p>\n https:\/\/www.kommersant.ru\/doc\/5977766<\/a>\u00a0<\/p>\n https:\/\/www.reuters.com\/world\/europe\/russian-court-seizes-four-danish-owned-tugboats-sakhalin-2023-05-10\/<\/a>\u00a0<\/p>\n *Philips <\/b>(Netherlands, Electronics) Status by KSE – wait<\/i><\/p>\n Philips will continue to deliver hospital equipment to Russia, CEO says https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/philips-will-continue-deliver-hospital-equipment-russia-ceo-says-2023-05-09\/<\/a><\/p>\n *International Judo Federation <\/b>(Hungary, Sport) Status by KSE – stay<\/i><\/p>\n IJF bans spectators wearing Russian military symbol at World Judo Championships<\/p>\n https:\/\/www.insidethegames.biz\/articles\/1136813\/ijf-ejects-spectators-military-symbo<\/a>\u00a0<\/p>\n *Schlumberger<\/b> (USA, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Oilfield firm SLB retrenches as Russia sanctions squeeze<\/p>\n https:\/\/www.reuters.com\/markets\/commodities\/oilfield-firm-slb-retrenches-russia-sanctions-squeeze-2023-05-10\/<\/a><\/p>\n *Eni <\/b>(Italy, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n Eni Opened Gazprom Arbitration Proceedings After Gas Supply Cuts<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2023-05-08\/eni-opened-gazprom-arbitration-proceedings-after-gas-supply-cuts?leadSource=uverify%20wall<\/a>\u00a0<\/p>\n *Raiffeisen <\/b>(Austria, Finance and payments) Status by KSE – wait<\/i><\/p>\n The Austrian banking group Raiffeisenbank International (RBI), the parent structure of the Russian Raiffeisenbank, terminated correspondent relations with all Russian banks, with the exception of its “daughter” before leaving the Russian Federation.<\/p>\n https:\/\/www.rbc.ru\/finances\/05\/05\/2023\/6454ad459a794721b5f13b83<\/a>\u00a0<\/p>\n *UnionPay <\/b>(China, Finance and payments) Status by KSE – wait<\/i><\/p>\n The Chinese payment system UnionPay, which was presented as an alternative to the discontinued Visa and MasterCard in Russia, did not live up to expectations.<\/p>\n https:\/\/t.me\/moscowtimes_ru\/12658<\/a>\u00a0<\/p>\n *Great Wall Motor Co. <\/b>(China, Automotive) Status by KSE – stay<\/i><\/p>\n NACP included the Chinese car manufacturer Great Wall in the list of sponsors of the war<\/p>\n https:\/\/www.epravda.com.ua\/news\/2023\/05\/9\/699913\/<\/a>\u00a0<\/p>\n *International Motorcycling Federation<\/b> (Switzerland, Sport) Status by KSE – leave<\/i><\/p>\n FIM\u2019s ban on Russian, Belarusian riders to remain for 2023\u00a0<\/p>\n https:\/\/www.thecheckeredflag.co.uk\/2023\/05\/fims-ban-on-russian-belarusian-riders-to-remain-for-2023\/<\/a>\u00a0<\/p>\n *PKN Orlen SA <\/b>(Poland, Energy, oil and gas) Status by KSE – wait<\/i><\/p>\n Russian oil ban costs Polish oil company PKN Orlen millions a day, says boss<\/p>\n https:\/\/www.ft.com\/content\/a059a287-7a59-4f65-b1e9-9f6c19a36627<\/a>\u00a0<\/p>\n *International Olympic Committee (IOC) <\/b>(Switzerland, Sport) Status by KSE – stay<\/i><\/p>\n IOC works to return Russian, Belarusian athletes to international competitions under neutrality<\/p>\n https:\/\/english.news.cn\/20230507\/afe29c77caf149fbbaa920afd114c7cd\/c.html<\/a>\u00a0<\/p>\n *Binance<\/b> (China, Finance and payments) Status by KSE – stay<\/i><\/p>\n Binance Faces US Probe of Possible Russian Sanctions Violations<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2023-05-05\/binance-faces-us-probe-of-possible-russian-sanctions-violations<\/a>\u00a0<\/p>\n *Volkswagen<\/b> (Germany, Automotive) Status by KSE – leave<\/i><\/p>\n Russian carmaker files third lawsuit against Volkswagen<\/p>\n https:\/\/www.reuters.com\/business\/autos-transportation\/russian-carmaker-files-third-lawsuit-against-volkswagen-2023-05-06\/<\/a>\u00a0<\/p>\n *Luxoft<\/b> (Switzerland, IT) Status by KSE – wait<\/i> https:\/\/www.tadviser.ru\/index.php\/\u041a\u043e\u043c\u043f\u0430\u043d\u0438\u044f:Integrity_Solutions_(\u0418\u043d\u0442\u0435\u0433\u0440\u0438\u0442\u0438_\u0421\u043e\u043b\u044e\u0448\u043d\u0441)<\/a>\u00a0<\/p>\n *Metro AG<\/b> (Germany, FMCG) Status by KSE – stay<\/i><\/p>\n *Auchan<\/b> (France, FMCG) Status by KSE – stay<\/i><\/p>\n “Aushan” and Metro continue their work in the Russian Federation and do not plan any changes, the press services of the companies told “Izvestia” on May 5.<\/p>\n https:\/\/iz.ru\/1508752\/2023-05-05\/ashan-i-metro-zaiavili-o-namerenii-ostatsia-v-rossii?utm_source=yxnews&utm_medium=desktop<\/a>\u00a0<\/p>\n *ISAB<\/b> (Italy, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n *GOI Energy <\/b>(Cyprus, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Lukoil closed the deal on the sale of the ISAB refinery in Italy<\/p>\n https:\/\/lukoil.ru\/PressCenter\/Pressreleases\/Pressrelease\/lukoil-zakryl-sdelku-po-prodazhe-npz-isab-v-italii<\/a>\u00a0<\/p>\n *Uniqlo<\/b> (Japan, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n The Japanese clothing chain Uniqlo received more than 10 billion rubles in Russia at the end of 2022. losses, decided to close most of its large stores here.<\/p>\n https:\/\/www.kommersant.ru\/doc\/5968252<\/a>\u00a0<\/p>\n *Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – wait<\/i><\/p>\n Austrian bank Raiffeisen triples Russia profit in first quarter<\/p>\n https:\/\/www.reuters.com\/markets\/europe\/austrias-rbi-triples-profit-russia-first-quarter-2023-05-05\/<\/a>\u00a0<\/p>\n *Fortum <\/b>(Finland, Energy, oil and gas) Status by KSE – wait<\/i><\/p>\n Fortum has formally notified that it objects the unlawful seizure of Russian subsidiary<\/p>\n https:\/\/www.fortum.com\/media\/2023\/05\/fortum-has-formally-notified-it-objects-unlawful-seizure-russian-subsidiary<\/a>\u00a0<\/p>\n *Brinks<\/b> (USA, Security & Protection) Status by KSE – leave<\/i><\/p>\n *Loomis<\/b> (Sweden, Finance and payments) Status by KSE – leave<\/i> *VPower Finance Security (Hong Kong) Ltd. <\/b>(China, Metals and Mining) Status by KSE – stay<\/i><\/p>\n *Al Bahrain Jewellers LLC <\/b>(United Arab Emirates, Metals and Mining) Status by KSE – stay<\/i><\/p>\n *Actava Trading DMCC<\/b> (United Arab Emirates, Agriculture) Status by KSE – stay<\/i><\/p>\n With Russian gold shut out of Western markets, little-known companies are stepping in to help the country\u2019s bullion find new buyers.<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2023-05-02\/russian-gold-is-in-hands-of-obscure-firms-as-jpmorgan-hsbc-exit?srnd=premium-europe<\/a>\u00a0<\/p>\n *SAIPA <\/b>(Iran, Automotive) Status by KSE – stay<\/i><\/p>\n Iran’s SAIPA signs $497 million car deal with Russia, Belarus<\/p>\n https:\/\/www.al-monitor.com\/originals\/2023\/05\/irans-saipa-signs-497-million-car-deal-russia-belarus<\/a>\u00a0<\/p>\n *Union Cycliste Internationale (<\/b>Switzerland, Sport) Status by KSE – stay<\/i><\/p>\n The International Union of Cyclists approved the return of Russians and Belarusians to competitions in neutral status<\/p>\n https:\/\/www.uci.org\/pressrelease\/the-uci-approves-ioc-recommendations-of-28-march-2023-concerning-the\/2plWmIDolvsdL5jmF9cMcj<\/a>\u00a0<\/p>\n *Ericsson<\/b> (Sweden, Telecom) Status by KSE – wait<\/i><\/p>\n “Maxcomm” LLC, established in February, declared the import of components to Russia for 20,000 base stations of the Swedish Ericsson AB, which officially stopped working in the country an hour ago.<\/p>\n https:\/\/www.kommersant.ru\/amp\/5967047<\/a>\u00a0<\/p>\n *Gatik Ship Management<\/b> (India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n The unknown Indian company shipping millions of barrels of Russian oil<\/p>\n https:\/\/www.ft.com\/content\/6f81585c-321a-41fb-bcdb-579e93381671<\/a>\u00a0<\/p>\n https:\/\/www.globalwitness.org\/en\/campaigns\/stop-russian-oil\/inside-murky-trade-russian-oil\/<\/a>\u00a0<\/p>\n *Henkel <\/b>(Germany, Chemical industry) Status by KSE – exited<\/i><\/p>\n Henkel delivers very strong organic sales growth in the first quarter<\/p>\n https:\/\/www.henkel.com\/press-and-media\/press-releases-and-kits\/2023-05-04-henkel-delivers-very-strong-organic-sales-growth-in-the-first-quarter-1824010<\/a>\u00a0<\/p>\n *JPMorgan<\/b> (USA, Finance and payments) Status by KSE – wait<\/i><\/p>\n JPMorgan could process another 40 Russian grain export payments<\/p>\n https:\/\/www.reuters.com\/markets\/commodities\/jpmorgan-could-process-another-40-russian-grain-export-payments-sources-2023-05-03\/<\/a>\u00a0<\/p>\n *VEON <\/b>(Netherlands, Telecom) Status by KSE – leave<\/i><\/p>\n Telecoms firm Veon granted U.S. license for sale of Russian business<\/p>\n https:\/\/www.reuters.com\/business\/media-telecom\/telecoms-firm-veon-granted-us-licence-sale-russian-business-2023-05-04\/<\/a>\u00a0<\/p>\n *OTP Bank <\/b>(Hungary, Finance and payments) Status by KSE – stay<\/i><\/p>\n They lend to the occupiers: NAZK included OTP Bank in the list of international sponsors of the war https:\/\/nazk.gov.ua\/uk\/novyny\/kredytuyut-okupantiv-nazk-vneslo-otp-bank-do-pereliku-mizhnarodnyh-sponsoriv-vijny\/<\/a>\u00a0<\/p>\n *Danieli Group<\/b> (Italy, Industrial equipment) Status by KSE – wait<\/i><\/p>\n The manufacturer is studying options for selling its assets in Russia. The company’s exit can take up to six months, its representative noted.<\/p>\n https:\/\/www.moscowtimes.ru\/2023\/05\/02\/odin-iz-krupneishih-proizvoditelei-oborudovaniya-dlya-metallurgii-obyavil-ob-uhode-iz-rossii-a41876<\/a>\u00a0<\/p>\n *Coca-Cola HBC AG (<\/b>Switzerland, Food & Beverages) Status by KSE – wait<\/i><\/p>\n Coca-Cola HBC\u2019s revenue fizzes almost 25 per cent \u2013 but Russia exit still hurts a year on<\/p>\n https:\/\/www.cityam.com\/coca-cola-hbcs-revenue-fizzes-almost-25-per-cent-but-russia-exit-still-hurts-a-year-on\/<\/a>\u00a0<\/p>\n *Continental <\/b>(Germany, Automotive) Status by KSE – leave<\/i><\/p>\n Continental may get as little as \u00a370 million for Russian business<\/p>\n https:\/\/www.kommersant.ru\/doc\/5955063<\/a>\u00a0<\/p>\n *Google<\/b> (USA, Online Services) Status by KSE – wait<\/i><\/p>\n The revenue of the Russian “daughter” of Google in 2022 fell by 82%<\/p>\n https:\/\/www.kommersant.ru\/doc\/5967070<\/a><\/p>\n *Vanke Group<\/b> (China, Hospitality, Real estate) Status by KSE – stay<\/i><\/p>\n The Chinese Vanke Group, which received the rights to the restoration of the Imperial Educational House and the complex of the former buildings of the Academy of Missile Forces near the Kremlin, began to look for co-investors due to the increase in the project budget<\/p>\n https:\/\/www.kommersant.ru\/doc\/5966302<\/a>\u00a0<\/p>\n *British Petroleum (BP) <\/b>(Great Britain, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n British energy giant BP reported a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.<\/p>\n https:\/\/news.yahoo.com\/bp-back-q1-profit-record-082112293.html<\/a>\u00a0<\/p>\n BP beats profit forecasts but slows pace of share buybacks<\/p>\n https:\/\/www.ft.com\/content\/f1b91245-39f4-443b-a0f1-022974a9b28b?accessToken=zwAF-skWpXVQkdPxuRJFOfREO9Og8QIpdKmyiw.MEYCIQD8Duz3hDxpeXjJfr3bjoNQyK-q7xa9MEWn2UiOgONjZAIhALPh1SfXLvhlOVqfefs-DCy3jVvg6mt7ezPlWDMz37dI&sharetype=gift&token=77f4b4d7-488f-4ab9-9d39-2e1096829d0d<\/a>\u00a0<\/p>\n *ONGC Videsh Ltd <\/b>(India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n India Energy Firms\u2019 $400 Million Stuck in Russia, Official Says<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2023-04-29\/india-energy-firms-400-million-stuck-in-russia-official-says<\/a>\u00a0<\/p>\n *FLO Magazacilik<\/b> (Turkey, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n *Adidas<\/b> (Germany, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n *Authentic Brands Group – Reebok <\/b>(USA, Sport) Status by KSE – exited<\/i><\/p>\n The German manufacturer of sportswear, shoes and accessories Adidas is considering the possibility of transferring the Russian division to a foreign investor<\/p>\n https:\/\/www.kommersant.ru\/doc\/5966391<\/a>\u00a0<\/p>\n *Hyundai <\/b>(South Korea, Automotive) Status by KSE – leave<\/i><\/p>\n Kazakhstan’s Astana Motors announced that it does not plan to buy the Hyundai plant in Russia<\/p>\n https:\/\/www.kommersant.ru\/doc\/5966530<\/a>\u00a0<\/p>\n *Harbin Bank <\/b>(China, Finance and payments) Status by KSE – stay<\/i><\/p>\n *China Construction Bank (<\/b>China, Finance and payments) Status by KSE – stay<\/i><\/p>\n *Agricultural Bank of China <\/b>(China, Finance and payments) Status by KSE – stay<\/i><\/p>\n Chinese banks seize on Russia, oil trade to internationalize yuan<\/p>\n https:\/\/www.reuters.com\/markets\/currencies\/chinese-banks-seize-russia-oil-trade-internationalise-yuan-2023-04-28\/<\/a>\u00a0<\/p>\n *JCB<\/b> (Great Britain, Manufacturing) Status by KSE – wait<\/i>\u00a0<\/p>\n The curious case of the Russian JCB dealer and the millionaire<\/p>\n https:\/\/www.theguardian.com\/business\/2022\/jul\/23\/the-curious-case-of-the-russian-jcb-dealer-and-the-millionaire<\/a>\u00a0<\/p>\n *International Canoe Federation <\/b>(Switzerland, Sport) Status by KSE – stay<\/i><\/p>\n The International Canoe Federation (ICF) Executive Board has opted to allow Russian and Belarusian athletes to return to its competitions under a neutral flag<\/p>\n https:\/\/www.insidethegames.biz\/articles\/1136514\/icf-allows-russia-return<\/a>\u00a0<\/p>\n *Euroclear <\/b>(Belgium, Finance and payments) Status by KSE – leave<\/i><\/p>\n Euroclear publishes another quarter of growth in Q1<\/p>\n https:\/\/www.prnewswire.com\/news-releases\/euroclear-publishes-another-quarter-of-growth-in-q1-301810597.html<\/a>\u00a0<\/p>\n *Inditex<\/b> (Spain, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n How Russian fashion brands replace foreign ones<\/p>\n https:\/\/www.forbes.ru\/biznes\/488502-kak-rossijskie-fesen-brendy-zamesaut-inostrannye<\/a>\u00a0<\/p>\n *Wintershall Dea AG <\/b>(Germany, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Exposing the connections between Wintershall\u2019s Siberian gas fields and Russia\u2019s military supply chain<\/p>\n https:\/\/www.globalwitness.org\/en\/campaigns\/stop-russian-oil\/exposing-the-connections-between-wintershalls-siberian-gas-fields-and-russias-military-supply-chain\/<\/a>\u00a0<\/p>\n *Match Group<\/b> (USA, IT) Status by KSE – leave<\/i><\/p>\n \u00abWe are committed to protecting human rights. Our brands are taking steps to restrict access to their services in Russia and will complete their withdrawal from the Russian market by June 30, 2023.\u00bb -the company’s report says<\/p>\n https:\/\/d1sud0deeo84nn.cloudfront.net\/5BD8c7EsN8WLsfEt9cAkPA2ZV0S30Wt3FDQkHDiO.pdf<\/a>\u00a0<\/p>\n *Framatome<\/b> (France, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Paris approves the building of Russian-led nuclear reactors in Hungary<\/p>\n https:\/\/www.lemonde.fr\/en\/international\/article\/2023\/04\/28\/in-hungary-paris-is-willing-to-help-build-russian-led-nuclear-reactor_6024637_4.html<\/a>\u00a0Recently we made a lot of significant improvements in our <\/b>Telegram-bot<\/b><\/a> with improving the interface, adding overall statistics and reflecting on the latest KSE statuses of companies taken from the KSE public database.<\/b><\/p>\n In early April, the KSE Institute also published its methodology entitled \u201cHow to Identify Foreign Business in Russia and What are the Key Issues of Creating and Keeping a Full List of the Largest Foreign Companies in Russia\u201d, you can download its full text using the following links:<\/b><\/p>\n https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4407284<\/b><\/a> <\/b><\/p>\n How_to_Identify_Foreign_Business_in_Russia<\/b><\/a>KSE Telegram bot on news monitoring<\/b><\/a> @exit_ru_bot<\/b><\/p>\n Twitter of SelfSanctions project<\/b><\/a><\/p>\n Leave-russia.org website<\/b><\/a><\/p>\n BI analytics @ Leave-russia.org<\/b><\/a><\/p>\n Company news @ Leave-russia.org<\/b><\/a><\/p>\n Twitter of leave-russia.org website<\/b><\/a>\u00a0<\/p>\n LinkedIn of leave-russia.org<\/b><\/a><\/p>\n YouTube of leave-russia.org<\/b><\/a><\/p>\n Support us on Patreon<\/b><\/a><\/p>\n Feedback<\/i><\/b><\/a>\u00b9 – KSE status “leave\u201d – 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 \u2076 https:\/\/cyberleninka.ru\/article\/n\/rossiya-v-usloviyah-sanktsiy-predely-adaptatsii\/viewer<\/a><\/p>\n \u2077 https:\/\/mind.ua\/en\/news\/20254288-russia-successfully-bypasses-sanctions-of-the-eu-and-g7-countries-bloomberg<\/a><\/p>\n \u2078 https:\/\/www.kommersant.ru\/doc\/5915726<\/a><\/p>\n \u2079 https:\/\/www.kommersant.ru\/doc\/5680204<\/a><\/p>\n \u00b9\u2070 https:\/\/www.ft.com\/content\/6489d5a4-9c66-40be-bd3b-55b31e94542f<\/a><\/p>\n \u00b9\u00b9 https:\/\/www.kommersant.ru\/doc\/5861980<\/a>\u00b9\u00b2 https:\/\/www.pravda.com.ua\/rus\/news\/2023\/04\/19\/7398458\/<\/a><\/p>\n \u00b9\u00b3 https:\/\/www.piie.com\/blogs\/realtime-economic-issues-watch\/export-controls-against-russia-are-working-help-china<\/a><\/p>\n \u00b9\u2074 https:\/\/www.kommersant.ru\/doc\/5861980<\/a><\/p>\n \u00b9\u2075 https:\/\/www.semafor.com\/article\/05\/11\/2023\/the-us-is-having-trouble-cutting-russia-off-from-computer-chips<\/a><\/p>\n \u00b9\u2076 https:\/\/www.ebrd.com\/publications\/working-papers\/the-eurasian-roundabout<\/a><\/p>\n \u00b9\u2077 https:\/\/www.kommersant.ru\/doc\/5941916<\/a><\/p>\n \u00b9\u2078 https:\/\/interfax.com.ua\/news\/general\/908762.html<\/a><\/p>\n \u00b9\u2079 https:\/\/www.kommersant.ru\/doc\/5968030<\/a><\/p>\n \u00b2\u2070 https:\/\/www.kommersant.ru\/doc\/5864376<\/a>\u00b2\u00b9 https:\/\/www.government.se\/articles\/2023\/02\/sanctions-against-russia–one-year-after-the-full-scale-invasion-of-ukraine\/<\/a><\/p>\n \u00b2\u00b2 https:\/\/www.ft.com\/content\/a9750db3-5d5c-4afb-a33e-e5b960b63a93<\/a><\/p>\n \u00b2\u00b3 https:\/\/www.pravda.com.ua\/news\/2023\/05\/12\/7401989\/<\/a><\/p>\n \u00b2\u2074 https:\/\/www.bbc.com\/russian\/features-65234429<\/a><\/p>\n \u00b2\u2075
\n<\/i><\/p>\n![\"RF_15_05_2023_ENG2\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2023\/05\/08120417\/rf_15_05_2023_eng2.png\")
<\/figure>\n![\"RF_15_05_2023_ENG3\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2023\/05\/08120417\/rf_15_05_2023_eng3.png\")
<\/figure>\n![\"RF_15_05_2023_ENG4\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2023\/05\/08120418\/rf_15_05_2023_eng4.png\")
<\/figure>\n![\"RF_15_05_2023_ENG5\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2023\/05\/08120419\/rf_15_05_2023_eng5.png\")
<\/figure>\n![\"RF_15_05_2023_ENG6\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2023\/05\/08120420\/rf_15_05_2023_eng6.png\")
<\/figure>\n![\"RF_15_05_2023_ENG7\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2023\/05\/08120421\/rf_15_05_2023_eng7.png\")
<\/figure>\n13.05.2023<\/h3>\n
12.05.2023<\/h3>\n
11.05.2023<\/h3>\n
10.05.2023<\/h3>\n
09.05.2023<\/h3>\n
08.05.2023<\/h3>\n
06.05.2023<\/h3>\n
05.05.2023<\/h3>\n
\n Luxoft increased the volume of orders of its remaining Russian “daughter” in 2022<\/p>\n04.05.2023<\/h3>\n
\n*Paloma Precious DMCC <\/b>(United Arab Emirates, Metals and Mining) Status by KSE – stay<\/i><\/p>\n03.05.2023<\/h3>\n
02.05.2023<\/h3>\n
01.05.2023<\/h3>\n
\n– 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
\n– 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
\n– KSE status “exited” – Companies that sold its business\/assets or its part of the business to a local partner and leaved the market\u00b2 As of 19\/06\/2022, we updated the database with extended information on ~ + 400 new companies, and as of 28\/08\/2022, we have updated data for another 422 companies with data on personnel, revenue, capital and assets for 2021. 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 \u2013 it\u2019s just an intention or they just started the process of sale. Everything else is mostly the statements or some preliminary steps. The collected information is already available and systematised in the form of a newKSE\u2019s status “exited”.\u00b3 On 24 July 2022, we introduced the new status \u201cexited\u201d, which reflects the companies\u2019 actions to finalise the exit from the Russian market. The status relies on data from the Uniform State Register of Legal Entities in Russia (USRLE or EGRUL) and complementary analysis such as companies\u2019 announcements and media publications of company activities. At the same time, companies\u2019 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\u2019 actions that contradict their announcements about the exit via the Feedback Form<\/i><\/a>\u00a0at<\/i> https:\/\/leave-russia.org\/<\/i><\/a>\u2074 After almost 15 months of war started by Russia in Ukraine we assume that there was quite enough time to make the decision to leave the country-aggressor for all international business. That\u2019s why for KSE Institute companies with statuses \u201cstay\u201d and \u201cwait\u201d essentially are no different. Probably it’s the right time for us to delete the status \u201cwait\u201d combining it with KSE status \u201cstay\u201d; these changes may be introduced soon.\u2075 https:\/\/data.worldbank.org\/indicator\/NY.GDP.MKTP.CD?locale=ru&locations=RU<\/a><\/p>\n