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 06.11.2024<\/b><\/p>\n Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u00abstay<\/b>\u00bb\u00b9<\/b>) \u2013 2 197\u00b2 (+21 per month<\/b>)<\/b><\/p>\n Number of the companies that have curtailed Russian operations<\/b> (KSE\u2019s status \u00ableave<\/b>\u00bb<\/b>) \u2013 1 365 (-2 per month)<\/b><\/p>\n Number of the companies that completed withdrawal from Russia<\/b> (KSE\u2019s status \u201cexited<\/b>\u201d) \u2013 440 (+13 per month)<\/b><\/p>\n As of November 6, 2024,<\/b> we have identified about 4,002 companies, organizations and their brands from 108 countries and 58 industries<\/b> and analyzed their position on the Russian market. About 40% of them are public ones, for ~1\u2019616 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 $194.5 billion<\/b>), local revenue (about $320.3 billion<\/b>), local assets (about $343.8 billion<\/b>) as well as staff (about 1.451 million people<\/b>) and taxes paid (about $25.6 billion<\/b>). 1,365 foreign companies<\/b> have suspended or ceased operations in Russia. Also, we added information about 440<\/b> companies that have completed the sale\/liquidation of their business in Russia<\/a> based on the information collected from the official registers (8 business sales and 4 full business liquidations took place in October 2024).<\/p>\n As can be seen from the tables below, as of November 6, 2024, 440 <\/b>companies which had already completely exited from the Russian Federation, in 2021 had at least 564,400 personnel<\/b>, $103.6 bn in annual revenue<\/b>, $52.6bn in capital <\/b>and $84.4bn in assets<\/b>; companies, that declared a complete withdrawal from Russia had 222,700 personnel<\/b>, $45.9bn in revenues<\/b>, $20.3bn in capital <\/b>and $45.7bn in assets<\/b>; companies that suspended operations on the Russian market had 120,600 personnel<\/b>, annual revenue of $34.1bn<\/b>, $41.3bn in capital <\/b>and $102.0bn 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 26 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, 34 were added in October 2024). However, if to operate with the total numbers<\/b> in KSE database, about 34.1% of foreign companies have already announced their withdrawal from the Russian market or suspended their activity, but another 54.9% are still remaining in the country and only 11.0% made a complete exit.\u2074<\/p>\n At the same time, it is difficult not to overestimate the impact on the Russian economy of 440 companies that completely left the country, since in 2021 they employed 38.9% of the personnel employed in foreign companies, the companies owned about 24.6% of the assets, had 27.1% of capital invested by foreign companies, and in 2021 they generated revenue of $103.6 billion or 32.4% of total revenue and paid ~$5.9 billion of taxes or 23.2% of total taxes paid by the companies observed. Data on 1,616 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 (27%) and on share of revenue withdrawn (32.4%). At the same time, a bit different picture is for those who are still staying <\/b>– 47% of companies represent 42.7% 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). Also, migration of statuses in June 2024 made its effect as well as adding quite a lot of new companies in July 2024.<\/p>\n KSE Institute has also collected and analyzed data on revenue, capital, assets and net income (profit or loss) in 2022<\/b> for ~1562 companies (about 50 companies the data of which we have collected previously have not provided their reporting, we also added revenue data for about 30 banks) 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 3.6% less of revenue in 2022 (28.8% from total volume) than in 2021 (32.4% from total volume, which is clear as most of them left the country before the year-end). Leaving companies<\/b> also generated much less (-8.7%) revenue in 2022 (16.3% from total volume) than in 2021 (25.0% from total volume). At the same time, staying <\/b>companies were able to generate much (+12.2%) more revenue in 2022 (54.9% from total volume) than in 2021 (42.7% 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 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 ($343.4bn\u2075\u00a0in 2022 vs $343.8bn in 2021) and would even probably increase if the remaining reporting for ~70-80 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, in September 2024, the KSE Institute published the analytical note entitled \u201cWhat are the financial results of foreign business in Russia in 2023, and have exit rates slowed down?<\/i><\/b><\/a>\u201d where, among other things, we estimated that over the two years since the full-scale invasion, Russia has lost USD 125 billion in revenue from Western companies, equivalent to about 5.6% of the country\u2019s GDP. You can download its full text in English here: https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4961551<\/a><\/p>\n Analysis of data for 2023<\/b><\/p>\n KSE Institute has already collected and preliminarily analyzed data on revenue, capital, assets and net income (profit or loss) in 2023<\/b> for ~1439 companies (after it was allowed legally in 2023 about 200 companies the data of which we have collected previously have not provided their reporting and also about 260 companies reported 0 values in revenues). Also, it should be noted that as we convert RUB to USD – the devaluation effect was quite significant<\/b>, Ruble depreciated in 2023 by more than 24%, from 68.4869 RUB\/USD in 2022 to 85.163 RUB\/USD in 2023). Please see below charts with the detailed analysis:<\/p>\n As you can see, there is a significant redistribution in revenue allocation based on KSE statuses happened in 2023: share of \u201cexited\u201d has dropped by -8.4% vs 2021 and -4.8% vs 2022 (from 32.4% in 2021 and from 28.8% in 2022 to 24.0% in 2023) which is explained by the fact that more and more companies are being liquidated and those one which were sold are usually not able to generate the previous level of revenue<\/b>.<\/p>\n Share of companies with status \u201cleave\u201d has dropped even more, by -16.0% vs 2021 and -7.3% vs 2022 (from 25.0% in 2021 and from 16.3% in 2022 to 9.0% in 2023) which is explained by the fact that those companies which are leaving are not concentrated in revenue generation on the Russian market anymore<\/b>.<\/p>\n As for companies with status \u201cstay\u201d – we see the opposite picture there, they are using momentum to take market share of those who are leaving or left (especially in automotive sector) and are generating comparable with previous years level of revenue<\/b>: +24.4% vs 2021 and +12.2% vs 2022 (from 42.7% in 2021 and from 54.9% in 2022 to 67.1% in 2023).<\/p>\n MONTHLY FOCUS: On leaving the Russian Federation. Results of October 2024<\/b><\/p>\n In this digest, we will summarize the results of October 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\u2019616 companies identified in the KSE database with revenue data available of more than $320.3 billion in 2021 and $245.5 billion in 2022 (which dropped to ~$197.5 billion in 2023)<\/b>. And at least 440<\/b> of them have already been sold by local companies or were liquidated and left the Russian market. In October 2024 KSE Institute identified +13 new exits (in reality +11 as one exit, <\/b>Lindstr\u00f6m Group<\/b><\/a>, was missed earlier and we decided to mark <\/b>Fortum<\/b><\/a> as \u201cexited\u201d as it was seized before and there is lack of company’s possibility to get back their assets in Russia. Also, 7 business sales and 4 liquidations took place in October 2024)<\/b>, total number<\/b> of exits observed since the beginning of Russia’s invasion reached 440<\/b>. Companies which moved to status \u201cexited\u201d in October 2024 generated $2.7 billion of revenues in 2021 so it\u2019s quite a significant hit on the Russian economy this time.<\/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 32% <\/b>based on revenue allocation, those who are leaving<\/b> represent 25%<\/b> of total revenue (with 43%<\/i> share of<\/i> suspensions<\/i> and 57% of withdrawals<\/i> sub-statuses), % of staying <\/b>companies represent 43%<\/b> of revenue based on revenue generated in Russia in 2021. So we observe the situation that % of staying companies is less than % of leaving ones (which means that about 57% (!) of pre-invasion revenue generated by foreigners is leaving or already left 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 29% <\/b>based on revenue allocation, those who are leaving<\/b> represent only 16%<\/b> of total revenue (with 40%<\/i> share of<\/i> suspensions<\/i> and 60% of withdrawals<\/i> sub-statuses), % of staying <\/b>companies represent 55%<\/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 2022-2023 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 October 2024, companies from 37 countries<\/b> and 43 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, \u201cElectronics\u201d, \u201cConsumer goods and closing\u201d, \u201cEnergy, oil and gas\u201d, \u201cFinance and payments\u201d, \u201cConstruction & Architecture\u201d and \u201cIndustrial equipment\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: Abloy LLC<\/b><\/a> (liquidation), Ishida<\/b><\/a> (liquidation), Kongsberg Maritime<\/b><\/a> (liquidation), Moncler<\/b><\/a> (liquidation) and Lindstr\u00f6m Group<\/b><\/a> (sale was missed earlier) and we decided to mark Fortum<\/b><\/a> as \u201cexited\u201d as it was seized before and there is lack of company’s possibility to get back their assets in Russia. Also, 7 business sales took place in October 2024: A.Raymond Group<\/b><\/a>, ANAS<\/b><\/a>, Benteler International<\/b><\/a>, GRAITEC<\/b><\/a>, Magneti Marelli<\/b><\/a>, Unilever<\/b><\/a> and UNIQA<\/b><\/a>.<\/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: Sony Mobile Communications<\/b><\/a> (Sony has filed an application to liquidate a Russian legal entity. At the end of 2023, the company had only one employee – the CEO, Belarusian citizen Anatoly Mashkov. The organization had already tried to liquidate itself in December 2023, but was denied), Universal Beverage<\/b><\/a> (The holding company Glavprodukt, which belongs to the American Universal Beverage and produces canned goods, including stewed meat, is being transferred to the temporary management of the Federal Property Management Agency by decree of the Russian president. This is another case of the de facto nationalization of a private company) and Fraport<\/b><\/a> (Orbit Aviation LCC is allowed to acquire 25% of the German Fraport AG in the authorized capital of the management company of Pulkovo Airport. The order to this effect was signed by President Vladimir Putin on October 25, 2024).\u00a0<\/p>\n <\/p>\n The next review of deals for November 2024 will be available in a month.<\/p>\n What\u2019s new last month – key news from Daily monitoring<\/b><\/p>\n (updated on a monthly basis) \u2077<\/b><\/p>\n *Nukem Technologies<\/b> (Germany, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Germany based radioactive waste management and nuclear decommissioning company Nukem Technologies Engineering Services has been acquired by Tokyo-based IT company Muroosystems, marking a new chapter free from Russian ownership.<\/p>\n https:\/\/www.nucnet.org\/news\/german-company-begins-new-chapter-free-from-russian-ownership-9-1-2024<\/a><\/p>\n *BNY Mellon<\/b> (USA, Finance and payments) Status by KSE – stay<\/i><\/p>\n *JPMorgan <\/b>(USA, Finance and payments) Status by KSE – stay<\/i><\/p>\n The Prosecutor General’s Office wants to recover damages from Ukraine for the expropriation of a Sberbank subsidiary<\/p>\n https:\/\/www.vedomosti.ru\/finance\/articles\/2024\/10\/02\/1065904-genprokuratura-hochet-vziskat-uscherb-za-ekspropriatsiyu-dochki-sberbanka<\/a>\u00a0<\/p>\n *Odgers Berndtson <\/b>(Great Britain, Consulting, Law) Status by KSE – leave<\/i><\/p>\n Executive search specialist Odgers Berndtson has rebranded itself in Russia as The Edgers. Having separated from its global \u201cmother,\u201d the company will expand its range of services and actively expand abroad<\/p>\n https:\/\/www.rbc.ru\/technology_and_media\/01\/10\/2024\/66fad1d39a7947ba68b39001?from=newsfeed<\/a><\/p>\n *ABBYY <\/b>(USA, IT) Status by KSE – leave<\/i><\/p>\n ABBYY has fired almost all key developers of Vantage 3.0 ahead of its release, according to a company source<\/p>\n https:\/\/theins.ru\/news\/275002<\/a><\/p>\n *Silicon Labs<\/b> (USA, Electronics) Status by KSE – stay<\/i><\/p>\n *Analog Devices<\/b> (USA, Electronics) Status by KSE – stay<\/i><\/p>\n *Infineon<\/b> (Germany, Electronics) Status by KSE – exited<\/i><\/p>\n RUSSIAN MISSILES, AMERICAN CHIPS<\/p>\n https:\/\/www.bloomberg.com\/features\/2024-russian-missiles-us-tech-ukraine\/<\/a>\u00a0<\/p>\n *Wintershall Dea AG<\/b> (Germany, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n One of Gazprom’s former key partners in Europe, Wintershall Dea, has initiated two arbitration proceedings against Russia, citing expropriation of assets.<\/p>\n https:\/\/www.kommersant.ru\/doc\/7197940<\/a><\/p>\n *UNIQA (<\/b>Austria, Insurance) Status by KSE – exited<\/i><\/p>\n The Austrian insurance group UNIQA has completed the sale of its Russian subsidiary Raiffeisen Life to the Russian insurer Renaissance Life, fully exiting the Russian market. The insurance company announced this on Friday, October 4, 2024.<\/p>\n https:\/\/interfax.com\/newsroom\/top-stories\/106303\/<\/a><\/p>\n *UzAuto Trailer<\/b> (Uzbekistan, Automotive) Status by KSE – stay<\/i><\/p>\n UzAuto Trailer, a semi-trailer manufacturer from Uzbekistan and controlled by the government of Tatarstan, may organize production in the Russian Federation.<\/p>\n https:\/\/www.kommersant.ru\/doc\/7199276<\/a>\u00a0<\/p>\n *Keysight Technologies <\/b>(USA, IT) Status by KSE – stay<\/i><\/p>\n *Rohde & Schwarz<\/b> (Germany, Technology) Status by KSE – leave<\/i><\/p>\n *AnaPico<\/b> (Switzerland, Electronics) Status by KSE – stay<\/i><\/p>\n A stunning success. High-precision electronic warfare equipment is coming to Russia from the West despite sanctions<\/p>\n https:\/\/theins.ru\/politika\/274992<\/a>\u00a0<\/p>\n *Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – stay<\/i><\/p>\n Number of contenders for Raiffeisenbank reduced to two<\/p>\n https:\/\/www.kommersant.ru\/doc\/7199308<\/a><\/p>\n *Bank of Cyprus<\/b> (Cyprus, Finance and payments) Status by KSE – exited<\/i><\/p>\n According to the Bank of Cyprus, the country’s largest bank, since February 2022, it has closed more than 20,000 accounts belonging to about 7,000 Russians.<\/p>\n https:\/\/www.epravda.com.ua\/news\/2024\/10\/5\/720212\/<\/a><\/p>\n *Shell <\/b>(Great Britain, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n The Prosecutor General’s Office filed a lawsuit against Shell<\/p>\n https:\/\/www.rbc.ru\/business\/04\/10\/2024\/66ff91bf9a7947fb84b7c9c0<\/a>\u00a0<\/p>\n *Discord<\/b> (USA, IT) Status by KSE – leave<\/i><\/p>\n Roskomnadzor (RKN) has blocked the Discord platform in Russia for violating legal requirements.<\/p>\n https:\/\/tass.ru\/ekonomika\/22073811<\/p>\n https:\/\/mil.in.ua\/uk\/news\/u-rf-zablokuvaly-discord-yakyj-takozh-vykorystovuvaly-rosijski-vijskovi\/<\/a><\/p>\n *Oversea-Chinese Banking Corp (OCBC)<\/b> (Singapore, Finance and payments) Status by KSE – leave<\/i><\/p>\n Oversea-Chinese Banking Corp (OCBC) will stop handling any transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions.<\/p>\n https:\/\/theedgemalaysia.com\/node\/729583<\/a><\/p>\n *Wikimedia Foundation Inc.<\/b> (USA, Online Services) Status by KSE – leave<\/i><\/p>\n Wikipedia shuts down in Russia: Teaches you how to grow hashish<\/p>\n https:\/\/telegrafi.com\/en\/mbyllet-wikipedia-ne-rusi-te-meson-si-te-kultivosh-hashash\/<\/a>\u00a0<\/p>\n *Unilever<\/b> (Great Britain, FMCG) Status by KSE – leave<\/i><\/p>\n The British conglomerate Unilever, which produces household chemicals and food products, announced its exit from the Russian market. “Today, Unilever completed the sale of its Russian subsidiary, Arnest Group, to a Russian manufacturer of perfumes, cosmetics and household goods,” Schumacher noted.<\/p>\n https:\/\/www.epravda.com.ua\/news\/2024\/10\/10\/720406\/<\/a>\u00a0<\/p>\n https:\/\/www.unilever.com\/news\/press-and-media\/press-releases\/2024\/unilever-statement-oct-2024\/<\/a>\u00a0<\/p>\n *CERN (European Organization for Nuclear Research) <\/b>(Switzerland, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n The European Organization for Nuclear Research (CERN) will end cooperation with up to 500 scientists affiliated with Russian institutions, it said on Sept. 30, because of Russia\u2019s invasion of Ukraine.<\/p>\n https:\/\/japannews.yomiuri.co.jp\/science-nature\/science\/20241009-215783\/<\/a><\/p>\n *MVM CEEnergy Zrt. <\/b>(Hungary, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n On October 10, the Hungarian state energy company MVM and Gazprom signed an agreement on continued cooperation in the energy sector<\/p>\n https:\/\/www.pravda.com.ua\/eng\/news\/2024\/10\/10\/7479119\/<\/a>\u00a0<\/p>\n *Fortum<\/b> (Finland, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n *Vestas <\/b>(Denmark, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n Vestas and Fortum settle dispute over Russian wind projects<\/p>\n https:\/\/esdnews.com.au\/vestas-and-fortum-settle-dispute-over-russian-wind-projects\/<\/a>\u00a0<\/p>\n *Chery Automobile<\/b> (China, Automotive) Status by KSE – stay<\/i><\/p>\n China’s Chery assembles cars in Russian plants vacated by Western rivals<\/p>\n https:\/\/www.reuters.com\/business\/autos-transportation\/chinas-chery-assembles-cars-russian-plants-vacated-by-western-rivals-2024-10-10\/<\/a>\u00a0<\/p>\n *Kazakhstan Stock Exchange<\/b> (Kazakhstan, Finance and payments) Status by KSE – stay<\/i><\/p>\n PJSC Moscow Exchange withdrew from the shareholders of the Kazakhstan Stock Exchange (KASE)<\/p>\n https:\/\/www.interfax.ru\/business\/986322<\/a>\u00a0<\/p>\n *Litasco <\/b>(Switzerland, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n *Eiger Shipping DMCC <\/b>(United Arab Emirates, Marine Transportation) Status by KSE – stay<\/i><\/p>\n Lukoil has added 25 old tankers to its shadow fleet.<\/p>\n https:\/\/www.blackseanews.net\/read\/222960<\/a>\u00a0<\/p>\n *Steam<\/b> (USA, Gaming) Status by KSE – stay<\/i><\/p>\n Roskomnadzor currently does not plan to introduce any restrictions regarding the Steam gaming platform<\/p>\n https:\/\/www.m24.ru\/news\/tehnologii\/10102024\/733027<\/a><\/p>\n *Vollmer<\/b> (Germany, Industrial equipment) Status by KSE – stay<\/i><\/p>\n *Walter Maschinenbau<\/b> (Germany, Industrial equipment) Status by KSE – stay<\/i><\/p>\n *Fein GmbH<\/b> (Germany, Industrial equipment) Status by KSE – stay<\/i><\/p>\n *Heller<\/b> (Germany, Industrial equipment) Status by KSE – stay<\/i><\/p>\n German cars for the Russian army<\/p>\n https:\/\/www.tagesschau.de\/investigativ\/swr\/embargo-russland-maschinen-100.html<\/a>\u00a0<\/p>\n *Sony Mobile Communications<\/b> (Sweden, Electronics) Status by KSE – leave<\/i><\/p>\n The company “Sony Mobile Communications Rus” – the Russian division of Sony Mobile Communications – has filed an application for self-liquidation, according to the database of the Federal Tax Service of Russia. Sony Mobile Communications, which operates in the field of portable electronics, is a subsidiary of Sony.<\/p>\n https:\/\/tass.ru\/ekonomika\/22102643<\/a><\/p>\n *Coral Energy DMCC<\/b> (United Arab Emirates, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Dubai traders Coral Energy and Demex in Washington’s sights over sale of Russian oil<\/p>\n https:\/\/www.africaintelligence.com\/the-continent\/2024\/10\/14\/dubai-traders-coral-energy-and-demex-in-washington-s-sights-over-sale-of-russian-oil,110326778-eve<\/a>\u00a0<\/p>\n *Xiaomi <\/b>(China, Electronics) Status by KSE – stay<\/i><\/p>\n Xiaomi has become the leader in Russia in terms of tablet sales in physical terms in nine months, displacing Samsung<\/p>\n https:\/\/www.kommersant.ru\/doc\/7230580<\/a><\/p>\n *Citi (Citigroup)<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n Citibank closes its last branch in Russia<\/p>\n https:\/\/frankmedia.ru\/177601<\/a>\u00a0<\/p>\n https:\/\/www.moscowtimes.ru\/2024\/09\/14\/poslednii-krupnii-amerikanskii-bank-vrossii-svorachivaet-rabotu-a142266<\/a><\/p>\n *Shell<\/b> (Great Britain, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n The Russian Prosecutor General’s Office has demanded \u20ac1 billion in damages from Shell<\/p>\n https:\/\/www.kommersant.ru\/doc\/7231771<\/a>\u00a0<\/p>\n *Steam<\/b> (USA, Gaming) Status by KSE – stay<\/i><\/p>\n The Russian state media regulator Roskomnadzor, stating that the popular video platform Steam has decided to remove all restricted content from its Russian store<\/p>\n https:\/\/www.themoscowtimes.com\/2024\/10\/15\/steam-removes-banned-content-in-russia-state-regulator-says-a86693<\/a>\u00a0<\/p>\n *Universal Beverage<\/b> (USA, Food & Beverages) Status by KSE – leave<\/i><\/p>\n The Glavprodukt holding company, which is owned by the American Universal Beverage and produces canned goods, including stewed meat, is being transferred to the temporary management of the Federal Property Management Agency by decree of the Russian President.<\/p>\n https:\/\/www.kommersant.ru\/doc\/7232121<\/a>\u00a0<\/p>\n *FATF<\/b> (France, Association, NGO) Status by KSE – stay<\/i><\/p>\n Global money laundering body to consider blacklisting Russia<\/p>\n https:\/\/www.politico.eu\/article\/money-laundering-blacklist-russia-fatf-ukraine-weapons\/<\/a>\u00a0<\/p>\n *Passenger Drone Research Ltd.<\/b> (PDRL) (India, Defense) Status by KSE – stay<\/i><\/p>\n PDRL, a leading innovator in drone technology, signed a Memorandum of Understanding (MoU) with Russia\u2019s top-tier software powerhouse, Stratus LLC, specializing in unmanned aviation technology.\u00a0<\/p>\n https:\/\/www.itvoice.in\/drontech-startup-pdrl-signs-mou-with-russias-stratus-llc-to-revolutionize-drone-technology<\/a>\u00a0<\/p>\n *Matias Ship Management<\/b> (United Arab Emirates, Marine Transportation) Status by KSE – stay<\/i><\/p>\n Russia Adds LNG Shadow Fleet Tankers With New Dubai-Based Firm<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2024-10-18\/russia-adds-lng-shadow-fleet-tankers-with-new-dubai-based-firm?utm_content=business&cmpid=socialflow-twitter-business&utm_source=twitter&utm_campaign=socialflow-organic&utm_medium=social<\/a>\u00a0<\/p>\n *Nebius Group NV (<\/b>Netherlands, IT) Status by KSE – leave<\/i><\/p>\n Nebius to resume Nasdaq trading after severing ties with Russia and Yandex<\/p>\n https:\/\/group.nebius.com\/newsroom\/ynv-announces-successful-completion-of-the-divestment-of-its-russia-based-businesses<\/a><\/p>\n *Apple <\/b>(USA, Electronics) Status by KSE – leave<\/i><\/p>\n The volume of government purchases of iPhones in Russia has increased dramatically<\/p>\n https:\/\/www.oreanda-news.com\/en\/gosudarstvo\/the-volume-of-government-purchases-of-iphones-in-russia-has-increased-\/article1533058\/<\/a>\u00a0<\/p>\n *ExxonMobil<\/b> (USA, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n American oil company that left Russia starts litigation over brand<\/p>\n https:\/\/www.kommersant.ru\/doc\/7247356<\/a>\u00a0<\/p>\n *A.Raymond Group<\/b> (France, Automotive) Status by KSE – exited<\/i><\/p>\n French automobile components manufacturer A.Raymond Group has sold its Russian business to the holding company Cordiant, according to the Unified State Register of Legal Entities.<\/p>\n https:\/\/www.kommersant.ru\/doc\/7233644<\/a>\u00a0<\/p>\n *YouTube<\/b> (USA, Online Services) Status by KSE – stay<\/i><\/p>\n Russians Find Record Anxiety Over YouTube Slowdown<\/p>\n https:\/\/www.moscowtimes.ru\/2024\/10\/21\/u-rossiyan-obnaruzhili-rekordnuyu-trevogu-iz-za-zamedleniya-youtube-a145471<\/a>\u00a0<\/p>\n *Schlumberger (SLB) <\/b>(USA, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n The US Congress demands stronger sanctions against the oil service industry of the Russian Federation, because one of the American companies continues deliveries to Russia<\/p>\n https:\/\/www.ukr.net\/news\/details\/politics\/107446279.html<\/a>\u00a0<\/p>\n *Oracle <\/b>(USA, IT) Status by KSE – exited<\/i><\/p>\n Only \u20bd83 million has been found for Oracle’s subsidiary creditors in Russia<\/p>\n https:\/\/www.rbc.ru\/technology_and_media\/22\/10\/2024\/67165f4d9a79473d81933b7d<\/a>\u00a0<\/p>\n *Deutsche Bank<\/b> (Germany, Finance and payments) Status by KSE – leave<\/i><\/p>\n Russian court injuncts Deutsche Bank\u2019s ICC claim against Gazprom venture<\/p>\n https:\/\/globalarbitrationreview.com\/article\/russian-court-injuncts-deutsche-banks-icc-claim-against-gazprom-venture<\/a>\u00a0<\/p>\n *United Nations (UN) <\/b>(USA, Association, NGO) Status by KSE – stay<\/i><\/p>\n UN Secretary-General Antonio Guterres arrived in Kazan, Russia, on an unannounced visit on the first day of the three-day BRICS summit.<\/p>\n https:\/\/www.pravda.com.ua\/eng\/news\/2024\/10\/23\/7480922\/<\/a>\u00a0<\/p>\n *Fortum<\/b> (Finland, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n The Finnish energy company Fortum filed a lawsuit in a civil court in the Netherlands against the Russian PJSC “Forward Energo” (formerly PJSC “Fortum”).<\/p>\n https:\/\/www.epravda.com.ua\/news\/2024\/10\/22\/720891\/<\/a><\/p>\n https:\/\/www.fortum.com\/media\/2024\/10\/fortum-has-initiated-legal-proceedings-against-forward-energo-recover-approximately-eur-800-million-intercompany-loans<\/a>\u00a0<\/p>\n *Tresmontes Lucchetti <\/b>(Chile, Food&Beverages) Status by KSE – stay<\/i><\/p>\n Moscow court returns rights to Zuko and Yupi beverage brands to Chilean company<\/p>\n https:\/\/www.kommersant.ru\/doc\/7249200<\/a>\u00a0<\/p>\n *Hugo Boss<\/b> (Germany, Luxury) Status by KSE – exited<\/i><\/p>\n *Brunello Cucinelli <\/b>(Italy, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n *Paul Smith <\/b>(Great Britain, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n What Russian boycott? How a Mail investigation discovered British brands from Barbour to Burberry, Mothercare, Rolls-Royce and Land Rover are still being sold in Russia<\/p>\n https:\/\/www.dailymail.co.uk\/news\/article-13988457\/What-Russian-boycott-Mail-investigation-discovered-British-brands-Barbour-Burberry-Mothercare-Rolls-Royce-Land-Rover-sold-Russia.html<\/a>\u00a0<\/p>\n *FATF<\/b> (France, Association, NGO) Status by KSE – stay<\/i><\/p>\n On October 22, the International Anti-Money Laundering Group (FATF) once again failed to include Russia in the “black” list<\/p>\n https:\/\/www.epravda.com.ua\/news\/2024\/10\/23\/720949\/<\/a>\u00a0<\/p>\n *Auchan<\/b> (France, FMCG) Status by KSE – stay<\/i><\/p>\n Auchan is preparing to sell its daughter in Russia<\/p>\n https:\/\/www.lalettre.fr\/fr\/entreprises_grande-distribution-et-services\/2024\/10\/24\/auchan-s-apprete-a-vendre-sa-filiale-en-russie,110331088-evg<\/a>\u00a0<\/p>\n https:\/\/www.epravda.com.ua\/news\/2024\/10\/24\/720984\/<\/a><\/p>\n https:\/\/www.lefigaro.fr\/societes\/auchan-met-en-vente-sa-filiale-en-russie-20241024<\/a>\u00a0<\/p>\n *Anheuser-Busch<\/b> (Belgium, Alcohol&Tobacco) Status by KSE – leave<\/i><\/p>\n *Anadolu Efes<\/b> (Turkey, Alcohol&Tobacco) Status by KSE – stay<\/i><\/p>\n Anheuser-Busch InBev revises Russia exit transaction<\/p>\n https:\/\/drinks-intel.com\/beer\/anheuser-busch-inbev-revises-russia-exit-transaction\/<\/a>\u00a0<\/p>\n *Haval Motor (<\/b>China, Automotive) Status by KSE – stay<\/i><\/p>\n Chinese automaker expands plant near Tula<\/p>\n https:\/\/www.kommersant.ru\/doc\/7250639<\/a>\u00a0<\/p>\n *DP World<\/b> (United Arab Emirates, Logistics, Transport) Status by KSE – stay<\/i><\/p>\n The government is facing calls to cease trading with DP World because of its partnership with Putin\u2019s northern sea route<\/p>\n https:\/\/www.theguardian.com\/business\/2024\/oct\/26\/p-and-o-ferries-owner-dp-world-russia-links<\/a>\u00a0<\/p>\n *Fraport <\/b>(Germany, Air transportation) Status by KSE – leave<\/i><\/p>\n Orbit Aviation LCC is allowed to acquire 25% of the German Fraport AG in the authorized capital of the management company of Pulkovo Airport. The order to this effect was signed by President Vladimir Putin on October 25, 2024.<\/p>\n https:\/\/www.kommersant.ru\/doc\/7263977<\/a>\u00a0<\/p>\n https:\/\/tass.ru\/ekonomika\/22230113<\/a>\u00a0<\/p>\n *UniCredit Bank<\/b> (Italy, Finance and payments) Status by KSE – leave<\/i><\/p>\n Subsidiaries of foreign banks diverge in profits and losses<\/p>\n https:\/\/www.kommersant.ru\/doc\/7250685<\/a>\u00a0<\/p>\n *Great Wall Motor Co. <\/b>(China, Automotive) Status by KSE – stay<\/i><\/p>\n Great Wall Motors Boosts Production in Russia Amid Expanding Market<\/p>\n https:\/\/www.devdiscourse.com\/article\/headlines\/3135330-great-wall-motors-boosts-production-in-russia-amid-expanding-market<\/a>\u00a0<\/p>\n *Don Agro International Limited<\/b> (Singapore, Agriculture) Status by KSE – stay<\/i><\/p>\n Don Agro Secures Strategic Loan with Russian Firm *Total Energies<\/b> (France, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n The owner of GEM Invest, Vladimir Paliy, invested in the former oil plant of the French TotalEnergies and could have become the owner of this asset<\/p>\n https:\/\/www.kommersant.ru\/doc\/7264946<\/a>\u00a0<\/p>\n *Ericsson<\/b> (Sweden, Telecom) Status by KSE – leave<\/i><\/p>\n Court overturns Ericsson brand protection in Russia following lawsuit by air conditioner manufacturer<\/p>\n https:\/\/www.kommersant.ru\/doc\/7264959<\/a>\u00a0<\/p>\n *The World Bank<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n Russia will start representing Belarus’ interests in the World Bank (WB) next month.<\/p>\n https:\/\/tass.ru\/ekonomika\/22241283<\/a>\u00a0<\/p>\n *Google<\/b> (USA, Online Services) Status by KSE – exited<\/i><\/p>\n Russian TV channels’ demands to Google reach \u20bd2 undecillion<\/p>\n https:\/\/www.rbc.ru\/technology_and_media\/29\/10\/2024\/671fd2389a794726b01d3af3<\/a>\u00a0<\/p>\n *Shreya<\/b> (India, Pharma, Healthcare) Status by KSE – stay<\/i><\/p>\n How a Mumbai Drugmaker Is Helping Putin Get Nvidia AI Chips<\/p>\n![\"RF_06_11_2024_ENG2\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122803\/rf_06_11_2024_eng2.png\")
<\/figure>\n![\"RF_06_11_2024_ENG3\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122804\/rf_06_11_2024_eng3.png\")
<\/figure>\n![\"RF_06_11_2024_ENG4\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122805\/rf_06_11_2024_eng4.png\")
<\/figure>\n![\"RF_06_11_2024_ENG5\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122806\/rf_06_11_2024_eng5.png\")
<\/figure>\n![\"RF_06_11_2024_ENG6\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122807\/rf_06_11_2024_eng6.png\")
<\/figure>\n![\"RF_06_11_2024_ENG7\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122808\/rf_06_11_2024_eng7.png\")
<\/figure>\n![\"RF_06_11_2024_ENG8\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122809\/rf_06_11_2024_eng8.png\")
<\/figure>\n![\"RF_06_11_2024_ENG9\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122809\/rf_06_11_2024_eng9.png\")
<\/figure>\n![\"RF_06_11_2024_ENG10\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122810\/rf_06_11_2024_eng10.png\")
<\/figure>\n![\"RF_06_11_2024_ENG11\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122811\/rf_06_11_2024_eng11.png\")
<\/figure>\n![\"RF_06_11_2024_ENG12\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2024\/11\/08122813\/rf_06_11_2024_eng12.png\")
<\/figure>\n01.10.2024<\/h3>\n
02.10.2024<\/h3>\n
03.10.2024<\/h3>\n
04.10.2024<\/h3>\n
05.10.2024<\/h3>\n
06.10.2024<\/h3>\n
07.10.2024<\/h3>\n
09.10.2024<\/h3>\n
10.10.2024<\/h3>\n
11.10.2024<\/h3>\n
12.10.2024<\/h3>\n
14.10.2024<\/h3>\n
14.09.2024<\/h3>\n
15.10.2024<\/h3>\n
16.10.2024<\/h3>\n
17.10.2024<\/h3>\n
18.10.2024<\/h3>\n
20.10.2024<\/h3>\n
21.10.2024<\/h3>\n
22.10.2024<\/h3>\n
23.10.2024<\/h3>\n
24.10.2024<\/h3>\n
25.10.2024<\/h3>\n
26.10.2024<\/h3>\n
27.10.2024<\/h3>\n
\n https:\/\/www.tipranks.com\/news\/company-announcements\/don-agro-secures-strategic-loan-with-russian-firm<\/a><\/p>\n28.10.2024<\/h3>\n
29.10.2024<\/h3>\n