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 developed an application in the\u00a0 Apple Store<\/b><\/a> which is available only for mobile devices in addition to our Telegram bot https:\/\/t.me\/exit_ru_bot<\/a>. It allows you to find any brand or company that is operating in Russia just by scanning barcodes.<\/i><\/p>\n On February 24, 2024 KSE Institute merged KSE status \u201cwait\u201d with status \u201cstay\u201d as 2 years of the war gave enough time for companies to leave Russia<\/b><\/i>KSE DATABASE SNAPSHOT as of 01.04.2024<\/b><\/p>\n Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u00abstay<\/b>\u00bb\u00b9<\/b>) \u2013 2 170 (+19 per month<\/b>)<\/b><\/p>\n Number of the companies that have curtailed Russian operations<\/b> (KSE\u2019s status \u00ableave<\/b>\u00bb<\/b>) \u2013 1 211 (-4 per month)<\/b><\/p>\n Number of the companies that completed withdrawal from Russia<\/b> (KSE\u2019s status \u201cexited<\/b>\u201d) \u2013 378 (+6 per month)<\/b><\/p>\n As of April 1, 2024,<\/b> we have identified about 3,759 companies, organizations and their brands from 102 countries and 58 industries<\/b> and analyzed their position on the Russian market. About 40% of them are public ones, for ~1 570 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 before invasion was started, which allowed us to calculate the value of capital invested in the country (about $193.6 billion<\/b>), local revenue (about $316.0 billion<\/b>), local assets (about $338.2 billion<\/b>) as well as staff (about 1.444 million people<\/b>) and taxes paid (about $25.5 billion<\/b>). 1,211 foreign companies<\/b> have suspended or ceased operations in Russia. Also, we added information about 378<\/b> companies that have completed the sale\/liquidation of their business in Russia<\/a> based on the information collected from the official registers (3 full and 2 partial business liquidations took place in March 2024).<\/p>\n As can be seen from the tables below, as of April 1, 2024, 378 <\/b>companies which had already completely exited from the Russian Federation, in 2021 had at least 535,000 personnel<\/b>, $94.9 bn in annual revenue<\/b>, $46.4bn in capital <\/b>and $76.4bn in assets<\/b>; companies, that declared a complete withdrawal from Russia had 229,400 personnel<\/b>, $42.1bn in revenues<\/b>, $18.6bn in capital <\/b>and $34.5bn in assets<\/b>; companies that suspended operations on the Russian market had 88,500 personnel<\/b>, annual revenue of $22.3bn<\/b>, $35.8bn in capital <\/b>and $83.8bn 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 19 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, 21 were added in March 2024). However, if to operate with the total numbers<\/b> in KSE database, about 32.2% of foreign companies have already announced their withdrawal from the Russian market or suspended their activity, but another 57.7% are still remaining in the country and only 10.1% made a complete exit\u00b3.<\/p>\n At the same time, it is difficult not to overestimate the impact on the Russian economy of 378 companies that completely left the country, since in 2021 they employed 37.1% of the personnel employed in foreign companies, the companies owned about 22.6% of the assets, had 24.0% of capital invested by foreign companies, and in 2021 they generated revenue of $94.9 billion or 30.0% of total revenue and paid ~$5.2 billion of taxes or 20.5% of total taxes paid by the companies observed. Data on 1,570 TOP companies is presented in the table above.<\/p>\n As it is visible on the charts based on data for 2021 above, % of exited <\/b>is obtained based on number of companies (24%) and on share of revenue withdrawn (30.0%). At the same time, a totally different picture is for those who are still staying <\/b>– 57% of companies represent 49.6% of revenue received 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 also collected and analyzed data on revenue, capital, assets and net income (profit or loss) in 2022<\/b> for ~1490 companies (about 80 companies the data of which we have collected previously have not provided their reporting) and provides below the detailed analysis.<\/p>\n As you can see from the charts above, companies which fully exited<\/b> Russia were able to generate 3.9% less of revenue in 2022 (26.1% from total volume) than in 2021 (30.0% from total volume, which is clear as most of them left the country before the year-end). Leaving companies<\/b> also generated much less (-6.6%) revenue in 2022 (13.8% from total volume) than in 2021 (20.4% from total volume). At the same time, staying <\/b>companies were able to generate much (+10.5%) more revenue in 2022 (60.1% from total volume) than in 2021 (49.6% from total volume). So the key conclusion is that money matters for those companies who are still tied with its local business in Russia and they were even able to gain more.<\/p>\n Summarizing the 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 almost not changed ($335.9bn\u2074 in 2022 vs $338.2bn in 2021) and would even probably increase if the remaining reporting for ~80-90 companies could be obtained (until companies decide not to disclose it). KSE Institute has published before a large-scale study “How the income of foreign businesses in the Russian Federation has changed in 2022 and why so many companies still do not leave<\/i><\/a>“. You can familiarize yourself with the English version by downloading the report at the following link: https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4453963<\/a>.<\/p>\n At the end of November 2023, the KSE Institute published a new study<\/b> entitled “Analysis of foreign business exits from Russia<\/i><\/b><\/a>“, which analyzed and systematized the results of 300 exits of foreign companies from the Russian Federation. This paper includes detailed analysis of the largest deals, main buyers\/beneficiaries, continuation of trade relations after sales and many other interesting insights. You can download the full text of the study in English here: https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4648135<\/a>\u00a0<\/p>\n Also, at the end of February 2024, the KSE Institute jointly with the B4Ukraine coalition partners published the report entitled \u201c2024 Is the Year to Defund Russia\u2019s War – The West Holds the Key<\/i><\/b><\/a>\u201d where, among other things, we estimated that the amount of taxes paid by foreign companies operating in Russia in 2022-2023 may amount to $20 billion annually. You can download its full text in English here: https:\/\/b4ukraine.org\/pdf\/b4u_report_2024.pdf<\/a><\/p>\n MONTHLY FOCUS: On leaving the Russian Federation. Results of March 2024<\/b><\/p>\n In this digest, we will summarize the results of March 2024 and provide year-to-date statistics on full exits since the beginning of the war.<\/p>\n In our project, we pay special attention to companies that have their own legal entities in Russia, pay taxes, hire staff, etc.\u00a0<\/p>\n We would like to remind you that we assign the status of \u201cexited\u201d exclusively based on the results of changes in the composition of company owners in the Russian Federation reflected in the official register, or when the closing of the transaction was notified in another official way (for example, in press releases or during the disclosure of information on the Stock Exchange by public companies) or based on company\u2019s liquidation.There are about 1\u2019570 companies identified in the KSE database with revenue data available of more than $315 billion in 2021 and ~$235 billion in 2022<\/b>. And at least 378<\/b> of them have already been sold by local companies or were liquidated and left the Russian market. In March 2024 KSE Institute identified +6 new exits (in reality +7 as status of 1 company, <\/b>LPP Group<\/b><\/a> was downgraded. 3 business sales and 3 liquidations took place in March 2024)<\/b>, total number<\/b> of exits observed since the beginning of Russia’s invasion reached 378<\/b>.<\/p>\n On the chart below, share of exited and other statuses based on revenue-2021 allocation<\/b> is shown. It is worth mentioning when we analyze status \u201cleave\u201d it is also worth paying attention to sub-statuses (suspension could be treated as a temporary pause in operations while withdrawal – is a clear sign of the company’s intention to exit Russia in full).<\/p>\n % of exited is 30% <\/b>based on revenue allocation, those who are leaving<\/b> represent 20%<\/b> of total revenue (with 35%<\/i> share of<\/i> suspensions<\/i> and 65% of withdrawals<\/i> sub-statuses), % of staying <\/b>companies represent 50%<\/b> of revenue based on revenue generated in Russia in 2021. So we observe the situation that % of staying companies is ~ equal with % of leaving ones (which means that about 50% of pre-invasion revenue generated by foreigners is leaving Russia).<\/p>\n If we take a look at the same chart based on revenue-2022 distribution<\/b> – the picture will be a bit different:<\/p>\n % of exited is 26% <\/b>based on revenue allocation, those who are leaving<\/b> represent only 14%<\/b> of total revenue (with 30%<\/i> share of<\/i> suspensions<\/i> and 70% of withdrawals<\/i> sub-statuses), % of staying <\/b>companies represent 60%<\/b> of revenue based on revenue generated in Russia in 2022.<\/p>\n Key conclusion could be the following: on the general background of falling revenue in 2022 companies which made the decision to leave earned less than those who stayed and more companies migrated from the \u201csuspension\u201d sub-status to \u201cwithdrawal\u201d showing their increased intention to cut ties with Russia.<\/p>\n Geography is the most important factor that explains companies’ decisions. Companies from “unfriendly countries” (a term coined by the Russian Federation to describe countries that joined the international sanctions policy against the Russian Federation in response to its invasion of Ukraine) are much more likely to exit.<\/p>\n Here are also the breakdowns by countries and by industries of the companies which already exited:<\/p>\n So, as of the end of March 2024, companies from 37 countries<\/b> and 42 industries<\/b> have already exited showing their true reaction to the war started by Russia and its not provoked aggression against Ukraine. Most of the companies were headquartered in the USA, Germany, Finland, Great Britain, France and Sweden and operated in the \u201cAutomotive\u201d, \u201cConsumer goods and closing\u201d, \u201cElectronics\u201d, \u201cEnergy, oil and gas\u201d, \u201cFinance and payments\u201d and \u201cFood & Beverage\u201d industries.<\/p>\n For a more accurate explanation of the behavior of companies, it is necessary to take into account several factors at the same time. According to our analysis, companies in the technological and communication sector are most prone to exit (as opposed to those who remain in the Russian Federation). Partially due to the fact that they have fewer physical assets in the Russian Federation than in the production sectors. Companies that produce products for the daily consumption of the population in the Russian Federation are less likely to leave (this is one of their key explanations why they do not leave). Pharmaceutical companies that explain their decisions by concern for public health tend to be the \u201cstaying\u201d companies.<\/p>\n Companies with larger local revenue and public companies are also inclined to leave the market: presumably, large multinational corporations are more responsible for their reputation and respond to investors’ requests. In addition, it is likely that the exit of the largest multinationals from the Russian Federation is not as painful for them for global business as it is for smaller companies, for which the share of the Russian market can be significant.<\/p>\n Here is the list of \u201cexiters\u201d that we were able to identify recently: Deezer<\/b><\/a> (liquidation), Denso<\/b><\/a> (liquidation), DXC Technology<\/b><\/a>, Foraco<\/b><\/a>, Grant Thornton<\/b><\/a> (not accounted before), Herpa<\/b><\/a>, Teijin<\/b><\/a> (liquidation). Additionally, 2 partial liquidations took place in March 2024: IKEA<\/b><\/a> liquidated one of the small remaining legal entity LLC “IKEA PURCHASING SERVICES RUS” (tax id 5047183743) and Fischer Sports<\/b><\/a> liquidated legal entity FISCHER SPORTS RETAIL LLC (tax id 7716885692), but the main legal entity FISCHER LLC (tax id 7716588925) continues to work. Also, we downgraded the status of LPP Group<\/b><\/a>. In the course of a detailed investigation of Hindenburg Research, it turned out that \u201cLPP was able to publish these excellent results because the denial of the Russian business was a complete sham. Far East Services was listed just a day before LPP announced it had reached an agreement to sell its Russian subsidiary,<\/i>\u201d Hindenburg Research reported. The report says that LPP’s Russian operations are still controlled by the head office in Poland. Hindenburg Research sent out secret shoppers and discovered in Russian stores the same clothes that LPP sells in Poland. In addition, the researchers found out that the business planned to modify the barcodes to hide the true origin of the goods and maintain control over the flow of products. Following the publication of Hindenburg Research, LPP shares fell sharply in price. The company considers this a targeted attack on the business. KSE Institute also had doubts about that exit and decided to downgrade the status until more proofs from both sides will appear.<\/p>\n Most of these exits were identified before in their preparation phase. Also, we are not in a hurry to assign \u201cexited\u201d status to many companies that are literally on the verge of exit, although they have not yet finalized this process (even though some of them have already been nationalized, partly sold their business or initiated bankruptcy procedures).<\/p>\n Here are just some of them: Alstom<\/b><\/a> (French railway transport concern Alstom sold its 20% stake in Transmashholding to Russian shareholders. The transaction amount is not disclosed. TMH CEO Kirill Lipa said that the deal was completed \u201cat half the objective cost.\u201d), Fischer Sports<\/b><\/a> (the legal entity FISCHER SPORTS RETAIL LLC (tax id 7716885692) was liquidated, but the main legal entity FISCHER LLC (tax id 7716588925) continues to work), Grundfos<\/b><\/a> (ISTRATECH GROUP LLC becomes the new founder of the organization LLC “Grundfos Istra”. The entry about the founder of GRUNDFOS HOLDING A\/S was removed from the Unified State Register of Legal Entities. Another legal entity LLC “Grundfos” (tax id 5042054367) continues to work), HP (Hewlett-Packard)<\/b><\/a> (HP company left the Russian market early: the operational activities of the Hewlett-Packard (HP) company in the Russian Federation were terminated early, although this was supposed to happen in May. The support service and services for customers stopped working regularly. The Russian site with a redirect to Kazakh is also disabled. The last deliveries to customers in the Russian Federation were in February 2024. In parallel with this, the liquidation of the company’s Russian representative office – HPI Inc. LLC took place. But another legal entity, LLC “HEWLETT PACKARD ENTERPRISE” (tax id 7743098542) continues to work), Iveco<\/b><\/a> (Iveco to leave Russia, to transfer stake in truck JV to local partner), JKX Oil & Gas<\/b><\/a> (Russia declares UK player \u2018extremists\u2019 and confiscates gas assets), Kraft Heinz<\/b><\/a> (“Chernogolovka” has closed a deal to purchase the Russian baby food business of the American Kraft Heinz. For six months, products at the two factories transferred to Chernogolovka will be produced under the Heinz brand. But in the spring, Chernogolovka will launch a new brand of baby food on the market. 03.2024: LLC “MANAGEMENT COMPANY “CHERNOGOLOVKA” becomes a management organization. 19.03.2024: JSC “AQUALIFE RESOURCE” becomes the new founder of the organization. The entry about the founder of the PRIVATE LIMITED LIABILITY COMPANY “H.J. HEINZ GLOBAL HOLDING B.V. was removed from the Unified State Register of Legal Entities), Mikenopa<\/b><\/a> (Authorized capital increased from 10,000 rubles up to 30,000 rubles. 25.03.2024: Evgeniy Ivanovich Vostrikov becomes the new main shareholder of the organization. Mikenopa retained 33% of the capital after its increase).<\/p>\n <\/p>\n The next review of deals for April 2024 will be available in a month.<\/p>\n SPECIAL EDITION: Update on the presence of foreign banks in Russia<\/b><\/p>\n KSE Institute collected and pre-processed the available reporting data for 2023 of foreign banks in Russia.<\/p>\n For the convenience of users, aggregated data are presented in new dashboards on the site https:\/\/leave-russia.org\/banks<\/a>:<\/p>\n Source: <\/i>Central Bank of the Russian Federation<\/i><\/a> ; <\/i>Full version of the dashboard 1<\/i><\/a> ; <\/i>Full version of the dashboard 2<\/i><\/a><\/p>\n As you can see from the above information:<\/p>\n \u2022 banks with status Stay occupy about 4.2% of all assets of the banking system (Raiffeisenbank – 1.44%, UniCredit Bank – 0.79%, Citibank – 0.37%, OTP Bank – 0.21%);<\/p>\n \u2022 foreign banks managed to earn $3.5 billion in net profit in 2023 (compared to $3.93 billion in 2022). At the same time, the decrease in profit in dollars is explained, first of all, by the devaluation of the ruble (if in 2022 the average exchange rate was 68.4869 rubles\/dollar, then in 2023 it was already 85.163 rubles\/dollar);<\/p>\n \u2022 if analyzed in rubles, then we even see an increase in net profit and accrued income tax in 2023 compared to 2022 (297.7 billion rubles in 2023 against 269.1 billion rubles in 2022 or +10.6% for year);<\/p>\n \u2022 when converted into dollars, the largest profit in 2023 was shown by: Raiffeisenbank – $1.471 billion, UniCredit Bank – $0.685 billion, OTP Bank – $0.255 billion, ICBC Bank – $0.25 billion, Bank of China – $0.19 billion, Citibank – $0.15 billion;<\/p>\n \u2022 in total, foreign banks accrued $0.97 billion (or 83 billion rubles) of income tax in 2023 against $1.02 billion (or 69.9 billion rubles) in 2022, so in rubles we again see an increase in net income and accrued tax on profit in 2023 compared to 2022 (+18.7% per year);<\/p>\n \u2022 The largest income tax payers in 2023: Raiffeisenbank – $0.490 billion, ~50% of all banks with status Stay, UniCredit Bank – $0.152 billion, OTP Bank – $0.069 billion, ICBC Bank – $0.064 billion, Citibank – $0.053 billion;<\/p>\n a comparison of the growth of assets of banks with status Stay with the entire banking system: as you can see, the assets of foreign banks with status Stay have grown since the beginning of the war by about 50% more than the banking system as a whole:<\/p>\n banks with status Stay in the KSE database:<\/p>\n \u2022 Raiffeisenbank<\/a><\/p>\n \u2022 UniCredit Group<\/a><\/p>\n \u2022 Citibank<\/a><\/p>\n \u2022 OTP Bank<\/a><\/p>\n \u2022 Credit Europe Bank<\/a><\/p>\n \u2022 ING Bank<\/a><\/p>\n \u2022 Sumitomo Mitsui<\/a><\/p>\n \u2022 M-U-F-G Bank (Eurasia)<\/a><\/p>\n \u2022 Mizuho Bank<\/a><\/p>\n \u2022 ICBC Bank<\/a><\/p>\n \u2022 Bank of China<\/a><\/p>\n \u2022 J.P. Morgan Bank<\/a><\/p>\n \u2022 Woori Bank<\/a><\/p>\n \u2022 KEB HNB Bank<\/a><\/p>\n \u2022 Denizbank Moscow<\/a><\/p>\n \u2022 Credit Suisse<\/a><\/p>\n \u2022 China Construction Bank<\/a><\/p>\n \u2022 Natixis Bank<\/a><\/p>\n \u2022 Agricultural Bank of China<\/a><\/p>\n \u2022 Commercial Indo Bank<\/a><\/p>\n \u2022 UBS Bank<\/a><\/p>\n You will find more details in the new dashboards from KSE Institute:<\/b> https:\/\/leave-russia.org\/banks<\/b><\/a><\/p>\n What\u2019s new last month – key news from Daily monitoring<\/b><\/p>\n (updated on a monthly basis) <\/b>\u2076<\/strong><\/p>\n *Reliance <\/b>(India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n India Looks Elsewhere for Oil as US Sanctions Crimp Russia Trade<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2024-02-29\/india-looks-elsewhere-for-oil-as-us-sanctions-crimp-russia-trade?srnd=homepage-europe<\/a>\u00a0<\/p>\n *EUMETSAT <\/b>(Germany, Technology) Status by KSE – leave<\/i><\/p>\n EUMETSAT suspended Russia’s membership shortly after the invasion of Ukraine began, but individual member states, including the UK and the US, continued to share data with Russian specialists. This information is necessary for \u201cforecasting activities,\u201d but recently the information flow from Western satellites has practically dried up<\/p>\n https:\/\/charter97.org\/ru\/news\/2024\/2\/29\/585685\/<\/a>\u00a0<\/p>\n *Mondelez <\/b>(USA, Food & Beverages) Status by KSE – stay<\/i><\/p>\n Investors Challenge Mondelez on Russia Operations: Human Rights and Business Risk at Forefront<\/p>\n https:\/\/bnnbreaking.com\/finance-nav\/investors-challenge-mondelez-on-russia-operations-human-rights-and-business-risk-at-forefront<\/a><\/p>\n *NASA<\/b> (USA, Aerospace) Status by KSE – stay<\/i><\/p>\n Science News Roundup: NASA to discontinue $2 billion satellite servicing project on higher costs, schedule delays; Iran’s Pars 1 satellite enters space after Russian launch and more<\/p>\n https:\/\/www.devdiscourse.com\/article\/technology\/2846672-science-news-roundup-nasa-to-discontinue-2-billion-satellite-servicing-project-on-higher-costs-schedule-delays-irans-pars<\/a><\/p>\n *United Nations (UN) <\/b>(USA, Association, NGO) Status by KSE – stay<\/i><\/p>\n Russian airlines lost contracts with the UN<\/p>\n https:\/\/biz.liga.net\/all\/avto\/novosti\/rossiyskie-aviakompanii-lishilis-kontraktov-s-oon<\/a><\/p>\n *Global Terminal Services<\/b> (Turkey, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Turkish oil terminal halts Russian oil business<\/p>\n https:\/\/www.reuters.com\/business\/energy\/turkish-oil-terminal-halts-russian-oil-business-2024-03-06\/<\/a>\u00a0<\/p>\n *Sinokor<\/b> (South Korea, Marine Transportation) Status by KSE – stay<\/i><\/p>\n South Korean sea carrier Sinokor announced the cessation of operations at the Russian port of Vostochny in Primorye.<\/p>\n https:\/\/www.moscowtimes.ru\/2024\/03\/04\/krupneishii-morskoi-perevozchik-na-dalnem-vostoke-iz-za-sanktsii-otkazalsya-zahodit-v-port-vostochnii-a123471<\/a>\u00a0<\/p>\n *Geely<\/b> (China, Automotive) Status by KSE – stay<\/i><\/p>\n *Haval Motor<\/b> (China, Automotive) Status by KSE – stay<\/i><\/p>\n *Chery Automobile<\/b> (China, Automotive) Status by KSE – stay<\/i><\/p>\n *Changan<\/b> (China, Automotive) Status by KSE – stay<\/i><\/p>\n Sales in February increased by 85% year-on-year<\/p>\n https:\/\/www.kommersant.ru\/doc\/6552554<\/a>\u00a0<\/p>\n *8 seconds<\/b> (South Korea, FMCG) Status by KSE – stay<\/i><\/p>\n The first mono-brand stores of the South Korean fashion retailer 8 Seconds, which positions itself as a competitor to the Japanese Uniqlo and managed by Samsung, are preparing to open in Russia.<\/p>\n https:\/\/www.kommersant.ru\/doc\/6552510<\/a><\/p>\n *International Tennis Federation<\/b> (Great Britain, Sport) Status by KSE – stay<\/i><\/p>\n The International Tennis Federation (ITF) has decided to allow Russians and Belarusians to compete at the 2024 Olympic and Paralympic Games in Paris as neutrals.<\/p>\n https:\/\/www.pravda.com.ua\/eng\/news\/2024\/03\/6\/7445313\/<\/a>\u00a0<\/p>\n https:\/\/suspilne.media\/sport\/700042-rosijskih-ta-biloruskih-tenisistiv-dopustili-do-olimpiadi-ta-paralimpiadi-u-nejtralnomu-statusi\/<\/a>\u00a0<\/p>\n *AGC<\/b> (Japan, Construction & Architecture) Status by KSE – exited<\/i><\/p>\n AGC COMPLETES TRANSFER OF RUSSIAN OPERATIONS<\/p>\n https:\/\/www.glassmagazine.com\/news\/agc-completes-transfer-russian-operations<\/a>\u00a0<\/p>\n *Henkel<\/b> (Germany, Chemical industry) Status by KSE – exited<\/i><\/p>\n Henkel posts losses after divestment from Russian<\/p>\n https:\/\/starconnectmedia.com\/2024\/03\/henkel-posts-losses-after-divestment-from-russian\/<\/a>\u00a0<\/p>\n *Danone<\/b> (France, FMCG) Status by KSE – leave<\/i><\/p>\n Danone to withdraw from Russia, with a \u20ac1 bln write-off as result<\/p>\n https:\/\/ca.movies.yahoo.com\/movies\/danone-withdraw-russia-1-bln-060000158.html<\/a>\u00a0<\/p>\n *China National Petroleum Corporation <\/b>(China, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n *Total Energies<\/b> (France, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n *Gaztransport & Technigaz (GTT)<\/b> (France, Engineering) Status by KSE – leave<\/i><\/p>\n Russia’s gas cardinal: who is behind the Kremlin’s new wave of export expansion<\/p>\n https:\/\/www.epravda.com.ua\/publications\/2024\/03\/5\/710735\/<\/a><\/p>\n *Indian Oil Corporation <\/b>(India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n *Bharat Petroleum (BPCL)<\/b> (India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n *Hindustan Petroleum<\/b> (India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n India Cautious on Contracted Russian Oil as US Sanctions Bite<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2024-03-06\/india-cautious-on-contracted-russian-oil-as-us-sanctions-bite<\/a>\u00a0<\/p>\n *Leroy Merlin<\/b> (France, FMCG) Status by KSE – stay<\/i><\/p>\n The Leroy Merlin chain has changed the name of its Russian legal entity<\/p>\n https:\/\/www.retail.ru\/news\/set-lerua-merlen-izmenila-nazvanie-rossiyskogo-yurlitsa-6-marta-2024-238394\/<\/a>\u00a0<\/p>\n *PKN Orlen SA <\/b>(Poland, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Gazprom wants to recover $935 million from Polish Orlen through a Russian court<\/p>\n https:\/\/www.kommersant.ru\/doc\/6560273<\/a><\/p>\n *Auchan <\/b>(France, FMCG) Status by KSE – stay<\/i><\/p>\n Ceetrus, owned by the Auchan group, may sell its assets in Russia.<\/p>\n https:\/\/www.vedomosti.ru\/realty\/articles\/2024\/03\/07\/1024141-prinadlezhaschaya-gruppe-auchan-kompaniya-mozhet-prodat-aktivi<\/a>\u00a0<\/p>\n *Space Exploration Technologies Corp. (SpaceX)<\/b> (USA,Aerospace) Status by KSE – stay<\/i><\/p>\n The Russians have Starlink at the front: the USA has launched an investigation against Elon Musk’s company<\/p>\n https:\/\/www.unian.ua\/world\/kongres-ssha-rozpochav-rozsliduvannya-proti-spacex-ilona-maska-cherez-terminali-starlink-u-rosiyan-12566277.html<\/a><\/p>\n *Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – stay<\/i><\/p>\n The United States has threatened to impose sanctions against the Austrian group Raiffeisen Bank International (RBI) for doing business in Russia<\/p>\n https:\/\/minfin.com.ua\/2024\/03\/11\/122987592\/<\/a>\u00a0<\/p>\n *Pepsi<\/b> (USA, Food & Beverages) Status by KSE – stay<\/i><\/p>\n *Mars <\/b>(USA, Food & Beverages) Status by KSE – stay<\/i><\/p>\n *Nestle <\/b>(Switzerland, FMCG) Status by KSE – stay<\/i><\/p>\n *Unilever<\/b> (Great Britain, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n *Mondelez<\/b> (USA, Food & Beverages) Status by KSE – stay<\/i><\/p>\n The Ministry of Defense of Estonia refuses the products of companies operating in Russia<\/p>\n https:\/\/kaitseministeerium.ee\/et\/uudised\/kaitseminister-andis-suunise-lopetada-valitsemisalas-venemaal-jatkuvalt-saada-oleva-toodangu<\/a><\/p>\n *BBC<\/b> (Great Britain, Media) Status by KSE – leave<\/i><\/p>\n BBC halts journalists’ work in Russia after Kremlin passes law threatening jail for spreading ‘fake’ information<\/p>\n https:\/\/uk.style.yahoo.com\/style\/bbc-suspends-journalists-staff-russia-171807404.html?guccounter=1<\/a>\u00a0<\/p>\n *IKEA<\/b> (Sweden, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n A Russian court arrested IKEA property worth 12.9 billion rubles. The company wanted to finally leave the Russian Federation<\/p>\n https:\/\/theins.ru\/news\/269872<\/a>\u00a0<\/p>\n *Stellar Group<\/b> (Netherlands, Alcohol & Tobacco) Status by KSE – stay<\/i><\/p>\n The producer of strong alcohol Stellar Group (brands Steersman, Old Barrel, etc.) plans to enter the cocktail market, according to data from Rospatent and RosAccreditation.<\/p>\n https:\/\/www.kommersant.ru\/doc\/6561165<\/a>\u00a0<\/p>\n *Honor<\/b> (China, Electronics) Status by KSE – stay<\/i><\/p>\n *Xiaomi <\/b>(China, Electronics) Status by KSE – stay<\/i><\/p>\n *Samsung<\/b> (South Korea, Electronics) Status by KSE – stay<\/i><\/p>\n *Acer<\/b> (Taiwan, Electronics) Status by KSE – stay<\/i><\/p>\n Departed brands resumed advertising activity in the Russian Federation<\/p>\n https:\/\/www.kommersant.ru\/doc\/6561258<\/a><\/p>\n *PGNiG<\/b> (Poland, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n *PKN Orlen SA<\/b> (Poland, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n *Europol Gaz<\/b> (Poland, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n The Federal Tax Service has decided to file a bankruptcy petition for the Polish energy company PGNiG.<\/p>\n https:\/\/www.interfax.ru\/business\/949830<\/p>\n https:\/\/www.kommersant.ru\/doc\/6561999?utm_source=yxnews&utm_medium=mobile&utm_referrer=https:\/\/dzen.ru\/news\/story\/222442e5-40bf-5885-b063-2dd5a0809e96<\/a>\u00a0<\/p>\n *Alstom<\/b> (France, Industrial equipment) Status by KSE – leave<\/i><\/p>\n The large French engineering concern Alstom sold its entire stake in Russian Transmashholding (20%) to local shareholders.<\/p>\n https:\/\/thebell.io\/alstom-vyshel-iztransmashkholdinga<\/a><\/p>\n *Unilever<\/b> (Great Britain, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n The local structure of Unilever received the rights to some brands in Russia, including Clean Line and Inmarko, which should ease possible legal disputes.<\/p>\n https:\/\/www.kommersant.ru\/doc\/6562652<\/a>\u00a0<\/p>\n *Rolls-Royce Motor Cars<\/b> (Great Britain, Automotive) Status by KSE – stay<\/i><\/p>\n *Bentley<\/b> (Great Britain, Automotive) Status by KSE – stay<\/i><\/p>\n Cars from British manufacturers, including Rolls-Royce and Bentley, are still coming to Russia despite sanctions imposed over the war in Ukraine. Elite cars are imported, bypassing restrictions, through third countries, mainly through Azerbaijan.<\/p>\n https:\/\/www.moscowtimes.ru\/2024\/03\/12\/rossiya-prodolzhaet-zakupat-lyuksovie-britanskie-avto-cherez-azerbaidzhan-a124162<\/a>\u00a0<\/p>\n *Nuovo Pignone SRL<\/b> (Italy, Industrial equipment) Status by KSE – stay<\/i><\/p>\n *Optaperiph<\/b> (France, Industrial equipment) Status by KSE – stay<\/i><\/p>\n European companies, bypassing sanctions, supplied equipment for the LNG project of Putin\u2019s friend worth half a billion euros<\/p>\n https:\/\/unn.ua\/ru\/news\/yevropeiskie-kompanii-v-obkhod-sanktsii-postavili-oborudovanie-dlya-spg-proekta-druga-putina-na-polmilliarda-yevro-rossmi<\/a>\u00a0<\/p>\n *CERN<\/b> (Switzerland, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Russian scientists were finally cut off from work at the Large Hadron Collider<\/p>\n https:\/\/www.moscowtimes.ru\/2024\/03\/12\/rossiiskih-uchenih-okonchatelno-otrezali-ot-raboti-na-bolshom-adronnom-kollaidere-a124215<\/a><\/p>\n *Danone <\/b>(France, FMCG) Status by KSE – leave<\/i><\/p>\n Russian President Vladimir Putin canceled the transfer of the assets of the French company Danone in Russia to the temporary management of the Federal Property Management Agency.<\/p>\n![\"RF_01_04_2024_ENG2\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121933\/rf_01_04_2024_eng2.png\")
<\/figure>\n![\"RF_01_04_2024_ENG3\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121934\/rf_01_04_2024_eng3.png\")
<\/figure>\n![\"RF_01_04_2024_UKR4\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121925\/rf_01_04_2024_ukr4.png\")
<\/figure>\n![\"RF_01_04_2024_ENG5\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121935\/rf_01_04_2024_eng5.png\")
<\/figure>\n![\"RF_01_04_2024_ENG6\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121935\/rf_01_04_2024_eng6.png\")
<\/figure>\n![\"RF_01_04_2024_ENG7\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121936\/rf_01_04_2024_eng7.png\")
<\/figure>\n![\"RF_01_04_2024_ENG8\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121936\/rf_01_04_2024_eng8.png\")
<\/figure>\n![\"RF_01_04_2024_ENG9\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121937\/rf_01_04_2024_eng9.png\")
<\/figure>\n![\"RF_01_04_2024_ENG10\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121938\/rf_01_04_2024_eng10.png\")
<\/figure>\n![\"RF_01_04_2024_ENG11\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121938\/rf_01_04_2024_eng11.png\")
<\/figure>\n![\"RF_01_04_2024_ENG12\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121939\/rf_01_04_2024_eng12.png\")
<\/figure>\n![\"RF_01_04_2024_ENG13\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121940\/rf_01_04_2024_eng13.png\")
<\/figure>\n![\"RF_01_04_2024_ENG14\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/04\/08121941\/rf_01_04_2024_eng14.png\")
<\/figure>\n01.03.2024<\/h3>\n
02.03.2024<\/h3>\n
03.03.2024<\/h3>\n
05.03.2024<\/h3>\n
06.03.2024<\/h3>\n
07.03.2024<\/h3>\n
08.03.2024<\/h3>\n
10.03.2024<\/h3>\n
11.03.2024<\/h3>\n
12.03.2024<\/h3>\n
13.03.2024<\/h3>\n
14.03.2024<\/h3>\n