{"id":14756,"date":"2025-10-14T15:34:14","date_gmt":"2025-10-14T13:34:14","guid":{"rendered":"https:\/\/stage.kse.ua\/news\/17-foreign-companies-fully-liquidated-or-initiated-the-liquidation-of-their-businesses-in-russia-in-q3-2025-one-of-the-highest-figures-since-the-start-of-the-full-scale-invasion-kse-institute\/"},"modified":"2026-10-15T09:45:33","modified_gmt":"2026-10-15T09:45:33","slug":"17-foreign-companies-fully-liquidated-or-initiated-the-liquidation-of-their-businesses-in-russia-in-q3-2025-one-of-the-highest-figures-since-the-start-of-the-full-scale-invasion-kse-institute","status":"publish","type":"news","link":"https:\/\/kse.ua\/en\/news\/17-foreign-companies-fully-liquidated-or-initiated-the-liquidation-of-their-businesses-in-russia-in-q3-2025-one-of-the-highest-figures-since-the-start-of-the-full-scale-invasion-kse-institute\/","title":{"rendered":"17 foreign companies fully liquidated or initiated the liquidation of their businesses in Russia in Q3 2025 \u2014 one of the highest figures since the start of the full-scale invasion \u2014 KSE Institute"},"content":{"rendered":"<p>Between July and September 2025, Russia saw one of the highest numbers of foreign business liquidations since the start of the full-scale invasion. According to the KSE Institute, 23 international companies completely ceased operations in the third quarter \u2014 13 through completed liquidation, four that initiated the liquidation process, five through business sales, and one case involving asset seizure. In total, 526 companies have exited Russia since the invasion began.<\/p>\n<p>These findings are presented in the <a href=\"https:\/\/kse.ua\/en\/news\/78th-issue-of-the-regular-digest-on-impact-of-foreign-companies-exit-on-rf-economy\/\">monitoring<\/a> by KSE Institute as part of its project <a href=\"https:\/\/kse.ua\/en\/kse-institute\/self-sanctions-leaverussia\/\">\u201cSelfSanctions \/ LeaveRussia,\u201d<\/a> aimed at assessing the economic impact of foreign companies exiting the Russian market.<\/p>\n<p>Among the companies that completed liquidation were the well-known British household appliances manufacturer Dyson, the U.S. industrial automation company Rockwell Automation, the German legal and audit group R\u00f6dl &amp; Partner, the German laboratory equipment producer Eppendorf SE, Mexico\u2019s Orbia Advance Corporation, and Sony Mobile Communications, a global telecommunications company.<\/p>\n<p>Other companies that finalized liquidation include the British chemical manufacturer Croda International, Japanese electronics producer JVC Kenwood, U.S. pharmaceutical company Allergan, Danish medical equipment maker Ambu, Belarusian Good Lakk, German Technoform (construction materials), and Lithuania\u2019s Yukon Advanced Optics Worldwide, a manufacturer of optical and night vision devices.<\/p>\n<p>Four companies are currently in the process of liquidation: Sweden\u2019s Embracer Group (gaming industry), Austria\u2019s Lisec (glass production), France\u2019s Louis Dreyfus Company (agriculture and commodities trading), and Finland\u2019s Orion Pharma (pharmaceuticals).<\/p>\n<p>In addition, Russia initiated the seizure of assets belonging to France\u2019s Air Liquide, valued at around $700 million, as well as the arrest of New Zealand\u2019s Airwork Group, which specializes in air transport and aircraft maintenance.<\/p>\n<p>Among the completed business sales were France\u2019s Alstom (transport engineering), U.S.-based Burger King, Israel\u2019s Fishman Group \/ Mirland Development (real estate development), Sweden\u2019s Hilding Anders AB (furniture and mattresses), and Liechtenstein\u2019s Hilti (construction tools).<\/p>\n<p>As of early October 2025, 526 international companies (12.5%) have fully exited the Russian market. Another 1,377 companies (32.6%) are in the process of exiting or downsizing, while 2,315 (54.9%) continue to operate in Russia.<\/p>\n<p>A detailed list of companies, their statuses, and recent updates can be accessed on the <a href=\"https:\/\/leave-russia.org\/\">LeaveRussia<\/a> platform. Users can also verify the status of products and services through the Leave Russia mobile app, available in the <a href=\"https:\/\/apps.apple.com\/ua\/app\/leave-russia\/id6474446595\">App Store<\/a>.<\/p>\n<p>The next review of deals for October\u2013December 2025 will be released in early January 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between July and September 2025, Russia saw one of the highest numbers of foreign business liquidations since the start of the full-scale invasion. According to the KSE Institute, 23 international companies completely ceased operations in the third quarter \u2014 13 through completed liquidation, four that initiated the liquidation process, five through business sales, and one\u2026<\/p>\n","protected":false},"featured_media":9659,"template":"","categories":[251],"tags":[241,233,228,237,235,242,254],"department":[],"news_type":[230],"project":[270],"region":[108],"unit":[223],"class_list":["post-14756","news","type-news","status-publish","has-post-thumbnail","hentry","category-sanctions-en","tag-budget-en","tag-budget-deficit-en","tag-expenditures-en","tag-inflation-en","tag-labour-market-en","tag-revenues-en","tag-sanctions-en","news_type-analytical-product","project-leave-russia-en","region-russia","unit-institute-en"],"acf":{"primary_unit":223,"news_intro":"","header_cta_mode":"event","header_event_cta_text":"\u0414\u043e \u043f\u043e\u0434\u0456\u0457","header_event_cta_url":"","header_research_cta_text":"\u0427\u0438\u0442\u0430\u0442\u0438 \u0432\u0441\u0435 \u0434\u043e\u0441\u043b\u0456\u0434\u0436\u0435\u043d\u043d\u044f","header_research_pdf":null,"author_person":"","author_name":"","related_news":null,"related_events":[],"related_people":[],"related_links":null,"external_link":"","external_link_label":"","is_featured":false,"is_featured_archive":false,"quote_text":"","quote_author":"","quote_author_role":"","program_title":"\u0424\u043e\u0440\u043c\u0430\u0442 \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u0438","program_items":null,"reference_title":"\u0414\u043e\u0432\u0456\u0434\u043a\u0430","reference_content":"","source_system":"migration","source_id":"65028","content_owner":"kse","last_reviewed":null,"visibility":"public","platform_id":"","platform_version":"","platform_managed":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>17 foreign companies fully liquidated or initiated the liquidation of their businesses in Russia in Q3 2025 \u2014 one of the highest figures since the start of the full-scale invasion \u2014 KSE Institute - KSE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kse.ua\/en\/news\/17-foreign-companies-fully-liquidated-or-initiated-the-liquidation-of-their-businesses-in-russia-in-q3-2025-one-of-the-highest-figures-since-the-start-of-the-full-scale-invasion-kse-institute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"17 foreign companies fully liquidated or initiated the liquidation of their businesses in Russia in Q3 2025 \u2014 one of the highest figures since the start of the full-scale invasion \u2014 KSE Institute\" \/>\n<meta property=\"og:description\" content=\"Between July and September 2025, Russia saw one of the highest numbers of foreign business liquidations since the start of the full-scale invasion. 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