\n<\/i><\/p>\n
Disclaimer: At the beginning of the Russian invasion of Ukraine KSE Institute launched an analytical project, which was named \u201cSelfSanctions\u201d, aimed to collect data on foreign companies operating in the Russian market and limiting or terminating their activities. Examination of data was conducted jointly with specialists from the Ministry of Economy, the Ministry of Foreign Affairs and the Ministry of Digital Transformation of Ukraine. The database contains a lot of information, we collect daily statistics on changes in the status of foreign companies operating\/operated in the Russian market and limiting or terminating their activities. Also, we created the Telegram bot https:\/\/t.me\/exit_ru_bot<\/a> for tracking\/monitoring of news on priority foreign companies (coverage 1, 2, 3 or 7 days of monitoring). Also, we do regular analysis of changes in share prices and capitalization of parent groups of companies that have or have had business in Russia.<\/em><\/p>\n 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 07.07.2025<\/b><\/p>\n Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u00abstay<\/b>\u00bb\u00b9<\/b>) \u2013 2 285\u00b2 (+2 per 2 month<\/b>)<\/b><\/p>\n Number of the companies that have curtailed Russian operations<\/b> (KSE\u2019s status \u00ableave<\/b>\u00bb<\/b>) \u2013 1 387 (+28 per 2 month)<\/b><\/p>\n Number of the companies that completed withdrawal from Russia<\/b> (KSE\u2019s status \u201cexited<\/b>\u201d) \u2013 503 (+9 per 2 month)<\/b><\/p>\n As of July 7, 2025,<\/b> we have identified about 4,177 companies, organizations and their brands from 109 countries and 58 industries<\/b> and analyzed their position on the Russian market. About 40% of them are public ones, for ~1\u2019632 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 $195.2 billion<\/b>), local revenue (about $320.1 billion<\/b>), local assets (about $350.7 billion<\/b>) as well as staff (about 1.454 million people<\/b>) and taxes paid (about $25.9 billion<\/b>). 1,387 foreign companies<\/b> have suspended or ceased operations in Russia. Also, we added information about 503<\/b> companies that have completed the sale\/liquidation of their business in Russia<\/a> based on the information collected from the official registers (5 business sales, 2 business seizures and 3 business liquidations took place in May-June 2025).<\/p>\n As can be seen from the tables below, as of July 7, 2025, 503 <\/b>companies which had already completely exited from the Russian Federation, in 2021 had at least 589,500 personnel<\/b>, $108.7 bn in annual revenue<\/b>, $56.9bn in capital <\/b>and $94.2bn in assets<\/b>; companies, that declared a complete withdrawal from Russia had 216,900 personnel<\/b>, $28.9bn in revenues<\/b>, $16.9bn in capital <\/b>and $53.4bn in assets<\/b>; companies that suspended operations on the Russian market had 104,700 personnel<\/b>, annual revenue of $43.0bn<\/b>, $40.5bn in capital <\/b>and $89.9bn 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 34 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, 39 were added in May-June 2025). However, if to operate with the total numbers<\/b> in KSE database, about 33.2% of foreign companies have already announced their withdrawal from the Russian market or suspended their activity, but another 54.8% are still remaining in the country and only 12.0% made a complete exit\u00b3<\/p>\n At the same time, it is difficult not to overestimate the impact on the Russian economy of 503 companies that completely left the country, since in 2021 they employed 40.6% of the personnel employed in foreign companies, the companies owned about 26.9% of the assets, had 29.1% of capital invested by foreign companies, and in 2021 they generated revenue of $108.7 billion or 34.0% of total revenue and paid ~$6.3 billion of taxes or 24.2% of total taxes paid by the companies observed. Data on 1,632 TOP companies is presented in the table above.<\/p>\n In September 2024, KSE Institute published a study 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 On January 13, 2025 the new research<\/b> was published by the B4Ukraine<\/a> coalition in collaboration with the Kyiv School of Economics and Squeezing Putin<\/a> which reveals how foreign businesses, including many household names, continue to channel billions in taxes to the Russian state nearly three years into its war on Ukraine. The report named \u201c<\/i>Corporate Enablers of Russia\u2019s War in Ukraine: A Closer Look at Multinational Taxes and Revenue in Russia in 2023<\/i><\/b>\u201d<\/i><\/a> calls on companies to make a swift responsible exit from the Russian market and urges the G7 and allied countries to establish standards for corporate behavior, promoting immediate exits from the Russian market.<\/p>\n Also, at the end of February 2025, the KSE Institute published the study \u201c<\/b>Assessing foreign companies\u2019 direct losses in Russia: financial impact, market consequences, and strategic adjustments<\/i><\/b><\/a>\u201d<\/b> where, among other things, we estimated that Foreign businesses\u2019 direct losses in Russia exceed $170 billion due to write-offs, seizures, unfair court rulings, and exit taxes. You can download its full text in English here: https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=5149548<\/a><\/p>\n \n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Analysis of data for 2022-2023<\/b><\/p>\n KSE Institute has already published detailed data for 2022-2023 many times. Below we provide just summary tables with key statistics. Also, we just received new data for 2024 – it is provided in the separate section below.<\/p>\n \n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n DIGEST\u2019S FOCUS: On leaving the Russian Federation. Results of 2nd quarter 2025<\/b><\/p>\n \n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n In this digest, we will summarize the results of the 2nd quarter 2025 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\u2019632 companies identified in the KSE database with revenue data available of about $320 billion in 2021 and $246 billion in 2022 (which dropped to ~$198.1 billion in 2023 and then stabilized at the level of ~$200.6 billion in 2024). And at least 503 of them have already been sold by local companies or were liquidated and left the Russian market. In 2Q 2025 KSE Institute identified +16 new exits (9 business sales, 2 business seizures and 6 liquidations took place in April-June 2025)\u2074<\/b>, <\/b>total number<\/b> of exits observed since the beginning of Russia’s invasion reached 503<\/b>. Also, we downgraded status for <\/b>Apleona<\/b><\/a> as it used legal subterfuge to hide the real situation and changed statuses for “exited” for Ukrainian companies <\/b>Bayadera Group<\/b><\/a> and <\/b>Konti<\/b><\/a> which were seized before as there are very low chances that former owners will be able to get them back.<\/b><\/b><\/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 June 2025, companies from 39 countries<\/b> and 46 industries<\/b> have already exited showing their true reaction to the war started by Russia and its unprovoked 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, \u201cFinance and payments\u201d, \u201cEnergy, oil and gas\u201d, \u201cIndustrial equipment\u201d, \u201cConstruction & Architecture\u201d and \u201cIT\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: H&M (Hennes and Mauritz)<\/b><\/a> (liquidated), Toshiba<\/b><\/a> (liquidation) and Voestalpine<\/b><\/a> (liquidated). Also, 5 business sales<\/b> were accounted for in May-June 2025<\/b>: AGGREKO UK<\/b><\/a> (Aggreko finds buyer for Russian business. Russian President Vladimir Putin signed a decree that gave Russian company BurService permission to buy Russian assets owned by energy solutions provider Aggreko, according to a document published on the Russian government portal), Caparol<\/b><\/a>, Four Season hotels<\/b><\/a>, Muehlhan<\/b><\/a>, and Purmo Group<\/b><\/a>.<\/p>\n Also, we downgraded<\/b> status <\/b>for Apleona<\/b><\/a> as it used legal subterfuge to hide the real situation (In September 2024, Apleona GmbH transferred 100% ownership of its Russian business (Apleona Rus) to Delawar Investment company (Egypt) and the Apleona Russia company name was changed to \u201cPanelao\u201d (a simple anagram of Apleona). The owner and president of Delawar Investment company (Egypt) is Mohamed Delawar, who was (and continues to be) the CEO of Apleona Egypt – a long-term employee of Apleona. Apleona has simply temporarily \u201cparked\u201d its Russian business with its employee in Egypt, and tried to hide that fact by slightly changing its name) and changed statuses for “exited”<\/b> for Ukrainian companies Bayadera Group<\/b><\/a> and Konti<\/b><\/a> which were seized before as there are very low chances that former owners will be able to get them back.<\/p>\n Additionally, China’s largest mining company Zijin Mining Group<\/b><\/a> is leaving Russia due to sanctions. In the Republic of Tuva, one of the largest mining enterprises is under threat of closure. We are talking about the Kyzyl-Tashtyg Mining and Processing Plant (GOK) LLC “Lunxing”, which belongs to the Chinese Zijin Mining Group, one of the largest companies in China. And ABB<\/b><\/a>, a Swedish-Swiss multinational company specializing in electrical engineering and power engineering, received government approval to sell Russian business.<\/p>\n To read more details on 32 identified cases of full and partial business seizures in Russia – please read our new study named \u201c<\/b>Assessing foreign companies’ direct losses in Russia: financial impact, market consequences, and strategic adjustments<\/i><\/b><\/a>\u201d.<\/b><\/p>\n The next review of deals for the 3rd quarter 2025 will be available in early October<\/b>.<\/p>\n SPECIAL EDITION: Financial Presence of Foreign Businesses in Russia in 2024<\/b><\/p>\n Largest Companies Cease Reporting Publication<\/b><\/p>\n We have collected up-to-date financial statements of foreign companies operating in the Russian Federation. Our database contains more than 4,200 records<\/b>, of which approximately 1,600<\/b> relate to companies with legal entities established in Russia.<\/p>\n Foreign companies are gradually discontinuing public financial reporting, particularly the largest among them. Of the 100 largest foreign companies<\/b> operating in Russia in 2021, only 86<\/b> submitted reports in 2023, and just 43<\/b> did so in 2024. In contrast, smaller companies continue to report with little interruption. This selectivity may indicate that reporting by major companies is being coordinated with the Kremlin. As a result, for the largest firms, we are forced to extrapolate data from previous years<\/b> to ensure year-to-year comparability. For TOP-15 companies that received revenue in 2023, we added the same estimates for 2024.<\/p>\n Revenue Has Stabilized, But Not Recovered<\/b> Geopolitical Shift in Ownership Structure<\/b> Notably, the share of U.S. companies has remained nearly unchanged<\/b>, standing at 19%<\/b> in 2024 compared to 20%<\/b> before the full-scale invasion.<\/p>\n Divested Companies Underperform<\/b><\/p>\n A separate issue concerns companies that have left the Russian market<\/b>, with ownership typically transferred to local stakeholders, most often former top managers. Most of these ownership changes took place in 2022 and 2023. While in the pre-war period, divested companies accounted for 34%<\/b> of total foreign revenue, this figure dropped to 25%<\/b> in 2024. This decline suggests the new local owners have been unable to restore pre-sale performance<\/b>, raising questions about their ability to keep the business viable.<\/p>\n Profits Grow Amid Stable Tax Payments<\/b><\/p>\n Net profit in 2024 reached USD 19.5 billion<\/b>, the highest level in the past three years<\/b> (compared to USD 18.5 billion<\/b> in 2021). However, the amount of the profit tax paid remained virtually unchanged<\/b>, totaling USD 5.7 billion<\/b>, similar to the pre-war level.<\/p>\n These figures may indicate that foreign companies from Kremlin-friendly countries<\/b> are benefiting from reduced competition and higher profit margins<\/b>, even against the backdrop of declining total turnover.<\/p>\n In the near future, KSE Institute, together with B4Ukraine partners, will prepare and publish a more detailed analysis and infographics of financial indicators for 2024<\/b>, including an overview by countries, industries and TOP income tax payers and TOP companies that received the highest income in 2024.<\/p>\n Detailed data is presented in our public database<\/a> and on the website https:\/\/leave-russia.org\/<\/a><\/p>\n What\u2019s new last month – key news from Daily monitoring <\/b><\/p>\n (updated on a monthly basis)<\/b>\u2075<\/b><\/p>\n ? Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – stay<\/i> ? Euroclear<\/b> (Belgium, Finance and payments) Status by KSE – stay<\/i> ? DN Solutions<\/b> (South Korea, Industrial equipment) Status by KSE – leave<\/i> ? DTEK<\/b> (Ukraine, Energy, oil and gas) Status by KSE – exited<\/i> ? Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – stay<\/i> ? Uniper SE<\/b> (Germany, Energy, oil and gas) Status by KSE – leave<\/i> ? Pepsi<\/b> (USA, Food&Beverages) Status by KSE – stay<\/i> ? Euroclear<\/b> (Belgium, Finance and payments) Status by KSE – stay<\/i> ? Elliott Investment Management<\/b> (USA, Finance and payments) Status by KSE – stay<\/i> ? Vinpearl<\/b> (Vietnam, Tourism, Travel) Status by KSE – stay<\/i> ? ABB<\/b> (Switzerland, Energy, oil and gas) Status by KSE – leave<\/i> ? Lionsgate<\/b> (USA, Media) Status by KSE – stay<\/i> ? Inditex<\/b> (Spain, Consumer goods and clothing) Status by KSE – exited<\/i> ? Eutelsat<\/b> (France, Telecom) Status by KSE – stay<\/i>![\"RF_07_07_2025_ENG2\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/07\/08123420\/rf_07_07_2025_eng2.png\")
<\/figure>\n![\"RF_07_07_2025_ENG3\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/07\/08123421\/rf_07_07_2025_eng3.png\")
<\/figure>\n![\"RF_07_07_2025_ENG4\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/07\/08123422\/rf_07_07_2025_eng4.png\")
<\/figure>\n![\"RF_07_07_2025_ENG5\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/07\/08123424\/rf_07_07_2025_eng5.png\")
<\/figure>\n![\"RF_07_07_2025_ENG6\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/07\/08123424\/rf_07_07_2025_eng6.png\")
<\/figure>\n![\"RF_07_07_2025_ENG7\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/07\/08123425\/rf_07_07_2025_eng7.png\")
<\/figure>\n![\"RF_07_07_2025_ENG8\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/07\/08123426\/rf_07_07_2025_eng8.png\")
<\/figure>\n
\n<\/b>The total revenue of foreign businesses in Russia in 2024 amounted to USD 201 billion<\/b>, nearly unchanged from 2023 (USD 198 billion<\/b>), but significantly lower than in 2021 (USD 320 billion<\/b>). This indicates a pause in the exit of foreign companies<\/b> from the Russian market and suggests the process has reached a plateau.<\/p>\n
\n<\/b>Companies from countries considered friendly to the Kremlin\u2014particularly China<\/b> and Turkey<\/b>\u2014are playing an increasingly prominent role. In 2021, 95% of total foreign business revenue<\/b> in Russia came from so-called “unfriendly” countries (a Kremlin term), but by 2024, this share had decreased to 82%<\/b>. This trend also slows down further exits from the market.<\/p>\n01.05.2025<\/h3>\n
\nNEW QUESTIONS EMERGE IN THE STORY OF THE PURCHASE OF THE RUSSIAN BRANCH OF RAIFFEISEN BANK
\nhttps:\/\/eutoday.net\/russian-branch-of-raiffeisen-bank\/
\n<\/a>? Nabors Industries<\/b> (USA, Energy, oil and gas) Status by KSE – leave<\/i>
\nNabors Industries has suspended drilling operations in Russia after the United States expanded sanctions on the country.
\nhttps:\/\/www.upstreamonline.com\/rigs-and-vessels\/nabors-suspends-operations-in-russia-amid-us-sanctions\/2-1-1812955<\/a><\/p>\n02.05.2025<\/h3>\n
\nEuroclear plans to withdraw and redistribute about 3 billion euros ($3.4 billion) of Russian funds frozen at the Belgian clearing firm after Moscow seized investors\u2019 cash in Russia.
\nhttps:\/\/www.reuters.com\/business\/finance\/europe-hand-billions-frozen-russian-cash-western-investors-sources-say-2025-05-02\/
\n<\/a>? Eurovision<\/b> (Switzerland, Entertainment) Status by KSE – leave<\/i>
\nRussia will host the revived Eurovision Song Contest on September 20, 2025, at Moscow’s LIVE Arena, organizers announced Wednesday.
\nhttps:\/\/www.observerbd.com\/news\/523555<\/a><\/p>\n03.05.2025<\/h3>\n
\nMachine tools from the South Korean company DN Solutions were found at Russian factories that manufacture Lancet combat drones and Iskander missile launchers.
\nhttps:\/\/www.koreatimes.co.kr\/business\/companies\/20250502\/ukraine-urges-south-korea-to-prevent-exports-of-dn-solutions-cnc-machines-to-russia-via-china<\/a><\/p>\n05.05.2025<\/h3>\n
\nUK suspends $207 million debt collection from Russia in favor of Ukrainian Krymenergo.
\nhttps:\/\/www.kommersant.ru\/doc\/7696308
\n<\/a>? Fortum<\/b> (Finland, Energy, oil and gas) Status by KSE – exited<\/i>
\nRosatom filed a \u20ac2.45 billion lawsuit against Fortum and Outokumpu over the termination of the Hanhikivi-1 nuclear plant contract.
\nhttps:\/\/biz.nv.ua\/markets\/rossiyskiy-gosmonopolist-hochet-vzyskat-milliardy-s-evropeyskih-kompaniy-za-rastorzhenie-kontrakta-50511560.html
\n<\/a>? Haval Motor<\/b> (China, Automotive) Status by KSE – stay<\/i>
\nHaval leased a large logistics park near Klin for ongoing operations in Russia.
\nhttps:\/\/www.kommersant.ru\/doc\/7695321<\/a><\/p>\n06.05.2025<\/h3>\n
\nRussia\u2019s Central Bank wrote off \u20ac1.87 billion from Raiffeisenbank\u2019s account in favor of Rasperia following a court ruling.
\nhttps:\/\/epravda.com.ua\/finances\/yaku-sumu-kofiskuvala-rosiya-u-rayffayzenbanku-806307\/
\n<\/a>? EOS<\/b> (Germany, Finance and payments) Status by KSE – stay<\/i>
\nGerman debt collection agency EOS declined a deal with Gazprombank; its exit from Russia failed.
\nhttps:\/\/www.rbc.ru\/finances\/06\/05\/2025\/6818de3f9a7947fc409ae836<\/a><\/p>\n07.05.2025<\/h3>\n
\nUniper reported income recovery in Q1 after settling most claims against Gazprom.
\nhttps:\/\/www.reuters.com\/business\/energy\/uniper-says-q1-results-include-income-related-gazprom-enforcement-2025-05-06\/
\n<\/a>? Zijin Mining Group<\/b> (China, Metals and Mining) Status by KSE – leave<\/i>
\nChina’s largest mining company announced its intent to exit Russia due to sanctions.
\nhttps:\/\/biz.liga.net\/all\/all\/novosti\/krupneishaya-gornodobyvayushtaya-kompaniya-kitaya-hochet-uiti-iz-rossii-iz-za-sanktsii<\/a><\/p>\n08.05.2025<\/h3>\n
\nPepsiCo applied to register a trademark in Russia for the sale of beverages.
\nhttps:\/\/www.oreanda-news.com\/en\/torgovlya_i_uslugi\/pepsico-wants-to-register-a-trademark-in-russia-for-the-sale-of-beverages\/article1557310\/<\/a><\/p>\n09.05.2025<\/h3>\n
\nEuroclear prepares to seize $3 billion in Russian assets, raising risks for global investors.
\nhttps:\/\/financefeeds.com\/euroclear-to-seize-3-billion-in-russian-assets\/
\n<\/a>? Mondelez<\/b> (USA, Food&Beverages) Status by KSE – stay<\/i>
\nA business deal between Mondelez and Katy Perry sparked outrage due to continued operations in Russia.
\nhttps:\/\/www.newsweek.com\/katy-perry-milka-mondelez-deal-russia-ukraine-2066609<\/a><\/p>\n11.05.2025<\/h3>\n
\nElliott eyes investment in a pipeline carrying Russian gas.
\nhttps:\/\/www.wsj.com\/business\/energy-oil\/elliott-eyes-bet-on-pipeline-carrying-russian-gas-f7426204
\n<\/a>? Vietnam Airlines<\/b> (Vietnam, Air transportation) Status by KSE – stay<\/i>
\nVietnam Airlines signed a memorandum of understanding with Russia\u2019s VTB Bank to strengthen cooperation.
\nhttps:\/\/vietnamnews.vn\/economy\/1717494\/vietnam-airlines-signs-mou-on-cooperation-with-russia-s-vtb-bank.html<\/a><\/p>\n12.05.2025<\/h3>\n
\nVinpearl signed MoUs with four leading Russian travel companies, including Anex Tourism and Coral Travel.
\nhttps:\/\/news.tuoitre.vn\/vietnams-vinpearl-partners-with-4-leading-russian-travel-companies-103250512151430545.htm
\n<\/a>? TH Group<\/b> (Vietnam, FMCG) Status by KSE – stay<\/i>
\nTH Group inaugurated a new high-tech milk processing plant in Kaluga region, Russia.
\nhttps:\/\/en.vietnamplus.vn\/th-group-inaugurates-large-scale-dairy-processing-plant-in-russia-post319039.vnp<\/a><\/p>\n13.05.2025<\/h3>\n
\nABB received approval to sell its business in Russia.
\nhttps:\/\/www.interfax.ru\/business\/1024748
\n<\/a>? Petrovietnam<\/b> (Vietnam, Energy, oil and gas) Status by KSE – stay<\/i>
\nPetrovietnam entered a PSA in Russia’s Kharyaga project, previously exited by TotalEnergies and Equinor.
\nhttps:\/\/www.energyintel.com\/00000196-c4dd-d543-a1d7-e5df18920000
\n<\/a>? Boeing<\/b> (USA, Aircraft industry) Status by KSE – leave<\/i>
\n? Rolls Royce<\/b> (Great Britain, Aircraft industry) Status by KSE – leave<\/i>
\nBoth companies hired lobbyists in the US to oppose new sanctions targeting titanium and uranium trade with Russia.
\nhttps:\/\/biz.nv.ua\/ukr\/markets\/amerikanski-korporaciji-naynyali-lobistiv-shchob-ne-dopustiti-vvedennya-sankciy-proti-rosiji-50513554.html
\n<\/a>? Eni<\/b> (Italy, Energy, oil and gas) Status by KSE – exited<\/i>
\nDespite cutting supplies to Europe, Eni continued gas exports from Russia to Turkey in 2024.
\nhttps:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/italys-eni-delivered-russian-gas-turkey-last-year-document-shows-2025-05-12\/
\n<\/a>? De Heus<\/b> (Netherlands, Pharma, Healthcare) Status by KSE – stay<\/i>
\nInvestigations revealed De Heus sent goods and medicines to Russian soldiers via its local joint venture.
\nhttps:\/\/www.volkskrant.nl\/economie\/nederlands-veevoederbedrijf-steunt-russen-aan-het-front-in-oekraine~bb5bf9cf\/<\/a><\/p>\n14.05.2025<\/h3>\n
\nLionsgate announced plans to resume film distribution in Russia.
\nhttps:\/\/tass.ru\/obschestvo\/23939261
\n<\/a>? GALIKA<\/b> (Switzerland, Engineering) Status by KSE – stay<\/i>
\nSwiss authorities fined Galika AG\u2019s export manager over illegal supplies of machine tools to the Russian arms industry.
\nhttps:\/\/www.swissinfo.ch\/rus\/\u0432\u043d\u0435\u0448\u043d\u044f\u044f-\u043f\u043e\u043b\u0438\u0442\u0438\u043a\u0430\/\u043f\u0440\u043e\u043a\u0443\u0440\u0430\u0442\u0443\u0440\u0430-\u0448\u0432\u0435\u0439\u0446\u0430\u0440\u0438\u0438-\u0432\u044b\u043d\u0435\u0441\u043b\u0430-\u043f\u0440\u0438\u0433\u043e\u0432\u043e\u0440-\u0437\u0430-\u043f\u043e\u0441\u0442\u0430\u0432\u043a\u0438-\u0441\u0442\u0430\u043d\u043a\u043e\u0432-\u0432-\u0440\u043e\u0441\u0441\u0438\u044e\/89304309
\n? International Skating Union<\/b> (Switzerland, Sport) Status by KSE – stay<\/i>
\nISU approved four Russian figure skaters to try qualifying for the 2026 Olympics as neutral athletes.
\nhttps:\/\/www.cbc.ca\/sports\/olympics\/winter\/figure-skating\/4-russians-olympic-qualification-event-neutrals-1.7533757<\/a><\/p>\n15.05.2025<\/h3>\n
\nZara\u2019s unusual exit strategy from Russia left the brand well-positioned for a potential return.
\nhttps:\/\/www.ft.com\/content\/a58e0f9a-3876-4477-88d4-56b21f57c0a4
\n<\/a>? Euroclear<\/b> (Belgium, Finance and payments) Status by KSE – stay<\/i>
\nEuroclear earned \u20ac1.47 billion from frozen Russian assets but reported its first profit decline.
\nhttps:\/\/finance.liga.net\/en\/bank\/novosti\/euroclear-earned-147-billion-from-frozen-russian-assets-sees-first-profit-decline<\/a><\/p>\n17.05.2025<\/h3>\n
\nEutelsat is removing Russian channels from its satellite services.
\nhttps:\/\/www.broadbandtvnews.com\/2025\/05\/16\/eutelsat-removing-russian-channels-from-satellites\/
\n<\/a>? BelAZ<\/b> (Belarus, Automotive) Status by KSE – stay<\/i>
\nBelAZ delivered dump trucks painted in Russian flag colors to Siberia and the Far East.
\nhttps:\/\/www.sb.by\/en\/belaz-delivered-batch-of-dump-trucks-painted-in-colours-of-russian-flag-to-siberia-and-far-east.html<\/a><\/p>\n