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 10.10.2025<\/b><\/p>\n Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u00abstay<\/b>\u00bb\u00b9<\/b>) \u2013 2 315\u00b2 (+28 per 3 month<\/b>)<\/b><\/p>\n Number of the companies that have curtailed Russian operations<\/b> (KSE\u2019s status \u00ableave<\/b>\u00bb<\/b>) \u2013 1 377 (-10 per 3 month)<\/b><\/p>\n Number of the companies that completed withdrawal from Russia<\/b> (KSE\u2019s status \u201cexited<\/b>\u201d) \u2013 526 (+23 per 3 month)<\/b><\/p>\n As of October 10, 2025,<\/b> we have identified about 4,218 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\u2019639 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 $320.2 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>). 1,377 foreign companies<\/b> have suspended or ceased operations in Russia. Also, we added information about 526<\/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, 1 business seizure and 17 business liquidations took place in July-September 2025).<\/p>\n As can be seen from the tables below, as of October 10, 2025, 526 <\/b>companies which had already completely exited from the Russian Federation, in 2021 had at least 604,400 personnel<\/b>, $111.1 bn in annual revenue<\/b>, $57.6bn in capital <\/b>and $95.1bn in assets<\/b>; companies, that declared a complete withdrawal from Russia had 207,000 personnel<\/b>, $28.6bn in revenues<\/b>, $16.9bn in capital <\/b>and $53.7bn in assets<\/b>; companies that suspended operations on the Russian market had 100,000 personnel<\/b>, annual revenue of $42.2bn<\/b>, $40.2bn in capital <\/b>and $89.4bn 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 37 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, 41 were added in July-September 2025). However, if to operate with the total numbers<\/b> in KSE database, about 32.6% 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 12.5% made a complete exit\u00b3<\/p>\n At the same time, it is difficult not to overestimate the impact on the Russian economy of 526 companies that completely left the country, since in 2021 they employed 41.6% of the personnel employed in foreign companies, the companies owned about 27.1% of the assets, had 29.5% of capital invested by foreign companies, and in 2021 they generated revenue of $111.1 billion or 34.7% of total revenue and paid ~$6.4 billion of taxes or 24.6% of total taxes paid by the companies observed. Data on 1,639 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 At the end of February 2025, the KSE Institute published the study \u201cAssessing foreign companies\u2019 direct losses in Russia: financial impact, market consequences, and strategic adjustments<\/i><\/b><\/a>\u201d 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>\u00a0<\/p>\n Also, at the end of August 2025, the KSE Institute published the new study entitled \u201cFinancial Results of Foreign Businesses in Russia in 2024<\/i><\/b><\/a>\u201d and presented a joint analysis titled \u201cCorporate Complicity: How Global Firms Bankrolled Russia\u2019s War Chest in 2024<\/i><\/b><\/a>\u201d prepared jointly with partners from the B4Ukraine<\/a> coalition and in collaboration with Squeezing Putin<\/a>. It was calculated that international firms still operating in Russia paid at least $20 billion in taxes there in 2024 alone, bringing the total since the full-scale invasion to more than $60 billion. Also, it was found that 17 of the 20 largest profit taxpayers in Russia are companies headquartered in G7 and EU countries, undermining their own governments\u2019 efforts to curb the Kremlin\u2019s revenues and support Ukraine\u2019s independence.Analysis of data for 2022-2024<\/b><\/p>\n KSE Institute has already published detailed data for 2022-2024 many times. Please see below summary tables with key statistics for 2022-2023 in comparison with new data received for 2024.<\/p>\n Detailed data is presented in our public database<\/a> and on the website https:\/\/leave-russia.org\/<\/a><\/p>\n <\/p>\n DIGEST\u2019S FOCUS: On leaving the Russian Federation. Results of 3rd quarter 2025<\/b><\/p>\n In this digest, we will summarize the results of the 3rd 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\u2019639 companies identified in the KSE database with revenue data available of about $320 billion in 2021 and $246 billion in 2022 (which dropped to ~$198.2 billion in 2023 and then stabilized at the level of ~$200.6 billion in 2024). And at least 526 of them have already been sold by local companies or were liquidated and left the Russian market. In 3Q 2025 KSE Institute identified +23 new exits (5 business sales, 1 business seizure and 17 liquidations took place in July-September 2025)\u2074<\/b>, <\/b>the total number<\/b> of exits observed since the beginning of Russia’s invasion reached 526<\/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 September 2025, companies from 40 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,\u201cIndustrial equipment\u201d, \u201cEnergy, oil and gas\u201d, \u201cConstruction & Architecture\u201d, \u201cFood&Beverages\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: 13 full liquidations<\/b>: Allergan<\/b><\/a>, Ambu<\/b><\/a>, Croda International<\/b><\/a>, Dyson<\/b><\/a>, Eppendorf SE<\/b><\/a>, Good Lakk<\/b><\/a>, JVC Kenwood<\/b><\/a>, Orbia Advance Corporation<\/b><\/a>, Rockwell Automation<\/b><\/a>, R\u00f6dl & Partner<\/b><\/a>, Sony Mobile Communications<\/b><\/a>, Technoform<\/b><\/a> and Yukon Advanced Optics Worldwide<\/b><\/a>; 4 newly initiated liquidations<\/b>: Embracer Group<\/b><\/a>, Lisec<\/b><\/a>, Louis Dreyfus<\/b><\/a> and Orion Pharma<\/b><\/a>. Also, 1 business seizure<\/b> (Universal Beverage<\/b><\/a>) and 5 business sales<\/b> were accounted for in July-September 2025<\/b>: Alstom<\/b><\/a>, Burger King<\/b><\/a>, Fishman Group \/ Mirland Development<\/b><\/a>, Hilding Anders AB<\/b><\/a> and Hilti<\/b><\/a>.<\/p>\n Also, in 3rd quarter 2025 <\/b>Russia initiated business seizures<\/b> for Airwork<\/b><\/a> (Russian seizures and growing debt see Airwork Group go into receivership) and Air Liquide<\/b><\/a> (Russia has seized the property and operations within its borders of the French industrial gas firm Air Liquide. Roughly $700 million in property is taken from a French industrial gas firm. Russian president Vladimir Putin signed a decree in late August transferring control of the assets to a firm called M-Logistika. In a brief statement, Air Liquide says it \u201ctakes note of this decision and will examine all available courses of action.\u201d) and it was announced that Jungheinrich<\/b><\/a> signed a contract for the sale of its Russian subsidiary and adjusted forecast for the 2025 financial year. Additionally, Adidas<\/b><\/a> could transfer its business in Russia to an alternative foreign investor.<\/p>\n To read more details on 32 identified cases of full and partial business seizures in Russia – please read our recent 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 4th quarter 2025 will be available in early January 2026<\/b>.<\/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 \u25c6 HK GST Limited<\/b> (China, Electronics) Status by KSE – stay<\/i><\/p>\n Lack of New U.S. Sanctions Allows Restricted Goods and Funds Into Russia<\/p>\n https:\/\/www.nytimes.com\/2025\/07\/02\/us\/politics\/trump-russia-sanctions.html<\/a><\/p>\n \u25c6 Tigers Realm Coal <\/b>(Australia, Metals and Mining) Status by KSE – leave<\/i><\/p>\n Tigers Realm Coal Faces Hurdles in Russian Asset Disposal<\/p>\n https:\/\/www.tipranks.com\/news\/company-announcements\/tigers-realm-coal-faces-hurdles-in-russian-asset-disposal<\/a><\/p>\n \u25c6 PKN Orlen SA<\/b> (Poland, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n ORLEN ends ties with Russian oil, securing energy independence for entire region<\/p>\n https:\/\/www.orlen.pl\/en\/about-the-company\/media\/press-releases\/current\/2025\/june-2025\/orlen-ends-ties-with-russian-oil-securing-energy-independence-for-entire-region<\/a><\/p>\n https:\/\/biz.liga.net\/en\/all\/tek\/novosti\/orlen-has-completely-abandoned-oil-from-russia-it-has-closed-its-last-contract-with-rosneft<\/a><\/p>\n \u25c6 Airwork<\/b> (New Zealand, Air transportation) Status by KSE – leave<\/i><\/p>\n Russian seizures and growing debt see Airwork Group go into receivership<\/p>\n https:\/\/www.rnz.co.nz\/news\/business\/565767\/russian-seizures-and-growing-debt-see-airwork-group-go-into-receivership<\/a><\/p>\n \u25c6 OBI Group <\/b>(Germany, Consumer goods and clothing) Status by KSE – exited<\/i><\/p>\n Hypermarket chain OBI may change its name to QBI<\/p>\n https:\/\/www.kommersant.ru\/doc\/7854495<\/a><\/p>\n \u25c6 Etihad Airways<\/b> (United Arab Emirates, Air transportation) Status by KSE – stay<\/i><\/p>\n Etihad Adds New Routes To Poland, Oman And Russia<\/p>\n https:\/\/latteluxurynews.com\/2025\/07\/03\/etihad-adds-new-routes-to-poland-oman-and-russia\/<\/a><\/p>\n \u25c6 Fortum<\/b> (Finland, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n State-seized former Fortum subsidiary sweeps Russian wind power auction<\/p>\n https:\/\/www.windpowermonthly.com\/article\/1923962\/state-seized-former-fortum-subsidiary-sweeps-russian-wind-power-auction<\/a><\/p>\n \u25c6 Mastercard<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n \u25c6 Visa<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n Russians will have their last Visa and Mastercard cards disconnected<\/p>\n https:\/\/www.moscowtimes.ru\/2025\/07\/04\/rossiyanam-otklyuchat-poslednie-karti-visa-i-mastercard-a167992<\/a><\/p>\n \u25c6 Nasim Bahr Kish<\/b> (Iran, Marine Transportation) Status by KSE – stay<\/i><\/p>\n Rostec is not considering selling shares in the Astrakhan port and maintains plans for its development, the state corporation’s press service reported.<\/p>\n https:\/\/www.interfax.ru\/russia\/1034609<\/a><\/p>\n \u25c6 International Ski Federation (FIS)<\/b> (Switzerland, Sport) Status by KSE – leave<\/i><\/p>\n \u25c6 International Biathlon Union (IBU)<\/b> (Austria, Sport) Status by KSE – leave<\/i><\/p>\n Russian ski ban stays as FIS eyes integrity of Olympics<\/p>\n https:\/\/www.msn.com\/en-us\/sports\/other\/russian-ski-ban-stays-as-fis-eyes-integrity-of-olympics\/ar-AA1I1Dn1<\/a><\/p>\n \u25c6 MONOMAX<\/b> (Ukraine, Food&Beverages) Status by KSE – stay<\/i><\/p>\n LoWARe: How the Ukrainian company “Monomakh” simultaneously sold tea to the Ukrainian Armed Forces and the Russians<\/p>\n https:\/\/censor.net\/biz\/resonance\/3561440\/ukrayinska-kompaniya-monomah-zaroblyala-na-torgivli-z-rosiyeyu-pid-chas-viyiny<\/a><\/p>\n Tea producer “Monomakh” denies cooperation with Russia<\/p>\n https:\/\/monomakh.com.ua\/u-kozhnij-chashci-chayu-vid-at-monomax-lyubov-do-ukra%d1%97ni\/<\/a><\/p>\n \u25c6 Flynas<\/b> (United Arab Emirates, Air transportation) Status by KSE – stay<\/i><\/p>\n UAE And Russia Aviation Partnerships Expand As Flynas Joins The Region\u2019s Strategic Push With Direct Flights From Riyadh<\/p>\n https:\/\/www.travelandtourworld.com\/news\/article\/uae-and-russia-aviation-partnerships-expand-as-flynas-joins-the-regions-strategic-push-with-direct-flights-from-riyadh\/#gsc.tab=0<\/a><\/p>\n \u25c6 Masan Group<\/b> (Vietnam, Food&Beverages) Status by KSE – stay<\/i><\/p>\n Masan Group brings Vietnamese coffee brands to Russia via supermarket tie-up<\/p>\n https:\/\/www.worldcoffeeportal.com\/news\/masan-group-brings-vietnamese-coffee-brands-to-russia-via-supermarket-tie-up\/<\/a><\/p>\n \u25c6 Google<\/b> (USA, Online Services) Status by KSE – exited<\/i><\/p>\n Google v. Russia: ECtHR finds violation of freedom of expression and right to fair trial in administrative proceedings concerning removal of political content<\/p>\n https:\/\/eulawlive.com\/google-v-russia-ecthr-finds-violation-of-freedom-of-expression-and-right-to-fair-trial-in-administrative-proceedings-concerning-removal-of-political-content\/<\/a><\/p>\n \u25c6 PKN Orlen SA<\/b> (Poland, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Poland’s Orlen ends Russian oil imports to Czech refinery<\/p>\n https:\/\/centraleuropeantimes.com\/polands-orlen-ends-russian-oil-imports-to-czech-refinery\/<\/a><\/p>\n \u25c6 MOLGroup<\/b> (Hungary, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Hungary\u2019s Mol Eyes Ukraine Port Access to Phase Out Russian Oil<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2025-07-08\/hungary-s-mol-eyes-ukraine-port-access-to-phase-out-russian-oil<\/a><\/p>\n \u25c6 KINEX BEARINGS<\/b> (Slovakia, Engineering) Status by KSE – stay<\/i><\/p>\n The Slovak company Kinex Bearings A.S. exported over $1.1 million worth of ball and roller bearings in 2024 to its Russian subsidiary, Kinex Rus LLC, facilitated by Turkish intermediaries.<\/p>\n https:\/\/united24media.com\/business\/how-11m-in-banned-bearings-from-slovak-firm-kinex-slipped-into-russias-war-arsenal-9663<\/a><\/p>\n \u25c6 LPP<\/b> (Poland, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n Polish retail giant LPP accepts 1.8m zloty fine over disclosure failings linked to Russia exit<\/p>\n https:\/\/notesfrompoland.com\/2025\/07\/11\/polish-retail-giant-lpp-accepts-1-8m-zloty-fine-over-disclosure-failings-linked-to-russia-exit\/<\/a><\/p>\n \u25c6 Wintershall Dea AG<\/b> (Germany, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n The Prosecutor General’s Office has published evidence of the illegality of the hearings in The Hague on the Wintershall Dea lawsuit<\/p>\n https:\/\/www.kommersant.ru\/doc\/7872924<\/a><\/p>\n \u25c6 Makita Corporation<\/b> (Japan, Construction & Architecture) Status by KSE – stay<\/i><\/p>\n The Japanese-based power tool manufacturer Makita, which significantly reduced its deliveries to Russia after February 2022, has begun to increase their imports into the country.<\/p>\n https:\/\/www.kommersant.ru\/doc\/7873769<\/a><\/p>\n \u25c6 ASML Holding<\/b> (Netherlands, IT) Status by KSE – stay<\/i><\/p>\n Ex-ASML employee sentenced to three years’ imprisonment for sharing company secrets with Russia<\/p>\n https:\/\/www.tomshardware.com\/tech-industry\/semiconductors\/ex-asml-employee-sentenced-to-three-years-imprisonment-for-sharing-company-secrets-with-russia<\/a><\/p>\n \u25c6 NLC India<\/b> (India, Metals and Mining) Status by KSE – stay<\/i><\/p>\n State-owned NLC India is in talks with a Russian-backed entity to secure lithium supplies from its mine in Africa.<\/p>\n https:\/\/timesofindia.indiatimes.com\/business\/india-business\/nlc-india-in-advanced-talks-with-russian-firm-to-source-lithium-from-african-mines-check-details\/articleshow\/122414984.cms<\/a><\/p>\n \u25c6 UniCredit Bank<\/b> (Italy, Finance and payments) Status by KSE – leave<\/i><\/p>\n Italian court orders UniCredit bank to leave Russia<\/p>\n https:\/\/www.kommersant.ru\/doc\/7888179<\/a><\/p>\n \u25c6 OBI Group<\/b> (Germany, Consumer goods and clothing) Status by KSE – exited<\/i><\/p>\n Hermes LLC acquired 65% of shares in three legal entities of the OBI construction hypermarket chain<\/p>\n https:\/\/www.kommersant.ru\/doc\/7888926<\/a><\/p>\n \u25c6 Sony PlayStation<\/b> (Japan, Gaming) Status by KSE – leave<\/i><\/p>\n Sony has begun to massively block Russian user accounts.<\/p>\n https:\/\/life.ru\/p\/1770361<\/a><\/p>\n \u25c6 Westinghouse<\/b> (USA, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Ukraine and Westinghouse to launch domestic nuclear fuel plant, reducing Russian dependence<\/p>\n https:\/\/www.novinite.com\/articles\/233394\/Ukraine+and+Westinghouse+to+Launch+Domestic+Nuclear+Fuel+Plant%2C+Reducing+Russian+Dependence<\/a><\/p>\n \u25c6 Interactive Brokers<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n Massive violations of sanctions against Russia found in one of the largest US brokers<\/p>\n https:\/\/www.moscowtimes.ru\/2025\/07\/16\/v-odnom-iz-krupneishih-brokerov-ssha-obnaruzhili-massovie-narusheniya-sanktsii-protiv-rossii-a168925<\/a><\/p>\n \u25c6 Euroclear<\/b> (Belgium, Finance and payments) Status by KSE – stay<\/i><\/p>\n Euroclear warns ECB against investing frozen Russian assets<\/p>\n https:\/\/cryptorank.io\/news\/feed\/9669b-euroclear-warns-ecb-against-russian-assets<\/a><\/p>\n \u25c6 Subway<\/b> (USA, Public catering) Status by KSE – stay<\/i><\/p>\n In February it became known that Subway was returning to the Russian market and had resumed cooperation with Russian partners, who had previously renamed themselves “Sabfresh”.<\/p>\n https:\/\/lenta.ru\/news\/2025\/07\/16\/tiho-ushedshaya-iz-rossii-set-fast-fuda-reshila-zaregistrirovat-novyy-znak\/<\/a><\/p>\n https:\/\/theins.ru\/news\/283158<\/a><\/p>\n \u25c6 Leroy Merlin<\/b> (France, FMCG) Status by KSE – stay<\/i><\/p>\n Political scientist thanks Leroy Merlin for supporting Russian military.<\/p>\n https:\/\/www.gazeta.ru\/social\/news\/2025\/07\/15\/26276024.shtml?updated<\/a><\/p>\n \u25c6 Nayara<\/b> (India, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n European sanctions on India\u2019s Nayara Energy puts its sale at risk.<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2025-07-18\/europe-sanctions-on-india-s-nayara-energy-puts-its-sale-at-risk<\/a><\/p>\n \u25c6 Rolls Royce<\/b> (Great Britain, Luxury) Status by KSE – stay<\/i><\/p>\n \u25c6 Bentley<\/b> (Great Britain, Automotive) Status by KSE – stay<\/i><\/p>\n \u25c6 Lamborghini<\/b> (Italy, Automotive) Status by KSE – stay<\/i><\/p>\n \u25c6 Ferrari<\/b> (Italy, Automotive) Status by KSE – leave<\/i><\/p>\n \u25c6 Aston Martin<\/b> (Great Britain, Automotive) Status by KSE – leave<\/i><\/p>\n Demand for Rolls-Royce and Ferrari soars as car market declines.<\/p>\n https:\/\/www.moscowtimes.ru\/2025\/07\/18\/na-fone-padeniya-avtorinka-rezko-viros-spros-na-rolls-royce-i-ferrari-a169175<\/a><\/p>\n \u25c6 Meta<\/b> (USA, Online Services) Status by KSE – leave<\/i><\/p>\n Russian lawmakers say ‘security threat’ WhatsApp should prepare to leave Russia.<\/p>\n https:\/\/www.reuters.com\/business\/russian-lawmakers-say-security-threat-whatsapp-should-prepare-leave-russia-2025-07-18\/<\/a><\/p>\n \u25c6 Telegram<\/b> (United Arab Emirates, Online Services) Status by KSE – stay<\/i><\/p>\n Telegram will open an official representative office in Russia.<\/p>\n https:\/\/www.rbc.ua\/ukr\/news\/telegram-reestrue-ofis-rosiyi-shcho-tsim-1752795025.html<\/a><\/p>\n Durov reiterates campaign against Telegram after reports of plans to open office in Russia.<\/p>\n https:\/\/www.moscowtimes.ru\/2025\/07\/17\/durov-snova-zayavil-o-kampanii-protiv-telegram-posle-soobschenii-o-planah-otkrit-ofis-v-rossii-a169113<\/a><\/p>\n \u25c6 Clearstream<\/b> (Luxembourg, Finance and payments) Status by KSE – leave<\/i><\/p>\n \u25c6 Euroclear<\/b> (Belgium, Finance and payments) Status by KSE – stay<\/i><\/p>\n UK simplifies unblocking of Russian investors’ assets.<\/p>\n https:\/\/www.forbes.ru\/investicii\/542202-velikobritania-uprostila-razblokirovku-aktivov-rossijskih-investorov<\/a><\/p>\n \u25c6 Forward Technical Trade SL<\/b> (Spain, Engineering) Status by KSE – stay<\/i><\/p>\n Forging ahead: Russia sidesteps sanctions to import Austrian machinery for howitzer barrels.<\/p>\n https:\/\/theins.ru\/en\/inv\/283004<\/a><\/p>\n \u25c6 Jungheinrich<\/b> (Germany, Logistics, Transport) Status by KSE – leave<\/i><\/p>\n Jungheinrich AG signs contract for the sale of its Russian subsidiary.<\/p>\n https:\/\/www.tradingview.com\/news\/eqs:84b35b823094b:0-jungheinrich-ag-jungheinrich-signs-contract-for-the-sale-of-its-russian-subsidiary-and-adjusts-forecast-for-the-2025-financial-year\/<\/a><\/p>\n \u25c6 Dassault Aviation<\/b> (France, Aircraft industry) Status by KSE – stay<\/i><\/p>\n Parisian Consigliere: Director of French Company Selling Weapons to Ukrainian Armed Forces Flies to Moscow.<\/p>\n https:\/\/theins.ru\/inv\/2832344<\/a><\/p>\n \u25c6 Dusit Thani Public Company Limited<\/b> (Thailand, Hospitality, Real estate) Status by KSE – stay<\/i><\/p>\n Dusit Thani & SPA Anapa Miracleon Set To Redefine Luxury Tourism On Russia\u2019s Black Sea Coast.<\/p>\n https:\/\/www.travelandtourworld.com\/news\/article\/dusit-thani-spa-anapa-miracleon-set-to-redefine-luxury-tourism-on-russias-black-sea-coast\/<\/a><\/p>\n \u25c6 YouTube<\/b> (USA, Online Services) Status by KSE – leave<\/i><\/p>\n YouTube\u2019s mass purge of Chinese and Russian propaganda: 30,000 channels terminated this year.<\/p>\n https:\/\/cybernews.com\/security\/youtube-terminates-thousands-russian-and-chinese-channels\/<\/a><\/p>\n \u25c6 Reliance<\/b> (India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Russian Oil Banned! Reliance Industries Loses \u20b966,000 Crores; Shares Nosedive By 3%.<\/p>\n https:\/\/www.freepressjournal.in\/business\/russian-oil-banned-reliance-industries-loses-66000-crores-shares-nosedive-by-3<\/a><\/p>\n \u25c6 Mitsui OSK Lines<\/b> (Japan, Marine Transportation) Status by KSE – stay<\/i><\/p>\n EU delists three sanctioned MOL LNG carriers after assurances vessels will not carry Russian Arctic gas.<\/p>\n https:\/\/gcaptain.com\/eu-delists-three-sanctioned-mol-lng-carriers-after-assurances-vessels-will-not-carry-russian-arctic-gas\/<\/a><\/p>\n \u25c6 Nayara<\/b> (India, Energy, oil and gas) Status by KSE – leave<\/i><\/p>\n Rosneft-backed Nayara seeks advance payments after sanctions.<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2025-07-21\/russia-linked-refinery-in-india-seeks-early-payment-after-curbs<\/a><\/p>\n \u25c6 Wintershall Noordzee<\/b> (Netherlands, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Dutch court lifts seizure of Gazprom’s local assets.<\/p>\n https:\/\/www.reuters.com\/business\/energy\/dutch-court-lifts-seizure-gazproms-local-assets-2025-07-22\/<\/a><\/p>\n \u25c6 Petr\u00f3leos de Venezuela, S.A. (PDVSA)<\/b> (Venezuela, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Data indicates Venezuela’s PDVSA is importing naphtha from Russia.<\/p>\n https:\/\/www.bairdmaritime.com\/shipping\/tankers\/data-indicates-venezuelas-pdvsa-is-importing-naphtha-from-russia<\/a><\/p>\n \u25c6 Mars<\/b> (USA, FMCG) Status by KSE – stay<\/i><\/p>\n The Pyaterochka and Perekrestok stores have stopped purchasing chocolate bars and chewing gum from Mars.<\/p>\n https:\/\/www.rbc.ru\/business\/24\/07\/2025\/6881b8dd9a7947538bf4e0d1<\/a><\/p>\n \u25c6 Microsoft<\/b> (USA, IT) Status by KSE – leave<\/i><\/p>\n The Moscow Arbitration Court has registered the bankruptcy petition of Microsoft Rus LLC, the main legal entity of Microsoft Corporation in Russia.<\/p>\n https:\/\/tass.ru\/ekonomika\/24613701<\/a><\/p>\n \u25c6 UniCredit Bank<\/b> (Italy, Finance and payments) Status by KSE – leave<\/i><\/p>\n UniCredit’s Russian business net profit fell 22% in Q2.<\/p>\n https:\/\/frankmedia.ru\/211586?utm_referrer=https%3a%2f%2fwww.google.com%2f<\/a><\/p>\n \u25c6 Xiamen Limbach<\/b> (China, Defense) Status by KSE – stay<\/i><\/p>\n Chinese engines, shipped as ‘cooling units’, power Russian drones used in Ukraine.<\/p>\n https:\/\/www.reuters.com\/business\/aerospace-defense\/chinese-engines-shipped-cooling-units-power-russian-drones-used-ukraine-2025-07-23\/<\/a><\/p>\n \u25c6 Ideal Detonators Private Limited<\/b> (India, Defense) Status by KSE – stay<\/i><\/p>\n \u25c6 Maxam<\/b> (Spain, Manufacturing) Status by KSE – stay<\/i><\/p>\n Exclusive: Indian firm shipped explosives to Russia despite US warnings.<\/p>\n![\"RF_13_10_2025_ENG2\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/10\/08123600\/rf_13_10_2025_eng2.png\")
<\/figure>\n![\"RF_13_10_2025_ENG3\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/10\/08123601\/rf_13_10_2025_eng3.png\")
<\/figure>\n![\"RF_13_10_2025_ENG4\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/10\/08123602\/rf_13_10_2025_eng4.png\")
<\/figure>\n![\"RF_13_10_2025_ENG5\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/10\/08123604\/rf_13_10_2025_eng5.png\")
<\/figure>\n![\"RF_13_10_2025_ENG6\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/10\/08123605\/rf_13_10_2025_eng6.png\")
<\/figure>\n![\"RF_13_10_2025_ENG7\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/10\/08123605\/rf_13_10_2025_eng7.png\")
<\/figure>\n![\"RF_13_10_2025_ENG8\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2025\/10\/08123606\/rf_13_10_2025_eng8.png\")
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25.07.2025<\/h3>\n