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 12.01.2026<\/b><\/p>\n Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u00abstay<\/b>\u00bb\u00b9<\/b>) \u2013 2 348\u00b2 (+33 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 1 369 (-8 per 3 month)<\/b><\/p>\n Number of the companies that completed withdrawal from Russia<\/b> (KSE\u2019s status \u201cexited<\/b>\u201d) \u2013 547 (+21 per 3 month)<\/b><\/p>\n As of January 12, 2026,<\/b> we have identified about 4,264 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\u2019642 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>). 1,369 foreign companies<\/b> have suspended or ceased operations in Russia. Also, we added information about 547<\/b> companies that have completed the sale\/liquidation of their business in Russia<\/a> based on the information collected from the official registers (11 business sales, 1 business seizure and 9 business liquidations took place in October-December 2025).<\/p>\n As can be seen from the tables below, as of January 12, 2026, 547 <\/b>companies which had already completely exited from the Russian Federation, in 2021 had at least 614,600 personnel<\/b>, $113.8 bn in annual revenue<\/b>, $58.6bn in capital <\/b>and $100.4bn in assets<\/b>; companies, that declared a complete withdrawal from Russia had 201,600 personnel<\/b>, $26.7bn in revenues<\/b>, $16.0bn in capital <\/b>and $48.5bn in assets<\/b>; companies that suspended operations on the Russian market had 103,400 personnel<\/b>, annual revenue of $40.6bn<\/b>, $41.0bn in capital <\/b>and $89.5bn 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 40 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, 48 were added in October-December 2025). However, if to operate with the total numbers<\/b> in KSE database, about 32.1% of foreign companies have already announced their withdrawal from the Russian market or suspended their activity, but another 55.1% are still remaining in the country and only 12.8% made a complete exit\u00b3.<\/p>\n At the same time, it is difficult not to overestimate the impact on the Russian economy of 547 companies that completely left the country, since in 2021 they employed 42.3% of the personnel employed in foreign companies, the companies owned about 28.6% of the assets, had 30.0% of capital invested by foreign companies, and in 2021 they generated revenue of $113.8 billion or 35.5% of total revenue and paid ~$6.5 billion of taxes or 25.2% of total taxes paid by the companies observed. Data on 1,642 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 the latest 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 4th quarter 2025<\/b><\/p>\n In this digest, we will summarize the results of the 4th 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\u2019642 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 547 of them have already been sold by local companies or were liquidated and left the Russian market. In 4Q 2025 KSE Institute identified +21 new exits (11 business sales, 1 business seizure and 9 liquidations took place in October-December 2025)\u2074<\/b>, <\/b>the total number<\/b> of exits observed since the beginning of Russia’s invasion reached 547<\/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 December 2025, companies from 41 countries<\/b> and 47 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, \u201cIndustrial equipment\u201d, \u201cFinance and payments\u201d, \u201cEnergy, oil and gas\u201d, \u201cConstruction & Architecture\u201d, \u201cIT\u201d and \u201cFood&Beverages\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: 9 full liquidations<\/b>: Anecoop<\/b><\/a>, Generix Group<\/b><\/a>, Kronospan<\/b><\/a>, Makrochem SA<\/b><\/a>, METAProactive<\/b><\/a>, Nokia<\/b><\/a>, NSH Group<\/b><\/a>, Rittal<\/b><\/a> and Roland Corporation<\/b><\/a>. Also, there was also a restructuring into a Russian legal entity (Ozon Holdings) of a previously <\/b>seized business<\/b>, the oldest foreign investment company in Russia, Baring Vostok Capital Partners<\/b><\/a>. Additionally, 11 business sales<\/b> (2 of which from previous periods) were accounted for in October-December 2025<\/b>: ABB<\/b><\/a>, Allianz<\/b><\/a>, Amalva group<\/b><\/a>, Dentsu International<\/b><\/a>, Grupo Antol\u00edn<\/b><\/a>, Krewel Meuselbach<\/b><\/a>, Teleperformance<\/b><\/a>, TVH Parts NV<\/b><\/a>, VLG.FILM<\/b><\/a>, STO SE & CO. KGAA<\/b><\/a> and Preiss-Daimler<\/b><\/a>.<\/p>\n Also, in November 2025 <\/b>Citibank<\/b><\/a>, the Russian subsidiary of the American financial giant Citigroup, is taking the unprecedented step of forgiving outstanding loans for around 1,000 clients as it prepares to exit the Russian market. The bank began notifying clients via email about the forgiveness of debts, prompting questions about the strategic move as it consolidated its retreat from the region. Citibank, the Russian subsidiary of US banking giant Citigroup, will end its operations in Russia on November 1, 2025 marking the final step in its exit from the country. Citi’s Russian “subsidiary” (Citibank) will be sold to Renaissance Capital, a financial group owned until 2024 by billionaire Mikhail Prokhorov, a former presidential candidate who won 8% of the vote in the 2012 election. The order allowing Citi to sell the Russian bank to Renaissance was signed by Kremlin leader Vladimir Putin. The amount of the deal was not disclosed in the document. It\u2019s planned that the transfer of shares will take place in 1H2026. Finally, 2 seizures of European business<\/b> took place in mid-January 2026<\/b>: The Russian assets of the Danish Rockwool<\/b><\/a> were transferred to the management of companies from the Russian Federation in accordance with Putin’s decrees, which he signed on December 31, 2025. It is noted that 100% of Rockwool LLC, a subsidiary of Rockwool, as well as 68% in Rockwool-Volga LLC – another “subsidiary” of the Danish manufacturer of thermal insulation materials – were transferred to the Russian company JSC “Development of Construction Assets”. The latter was registered in Moscow in the fall of 2025. In parallel, Russian assets of the Polish-American CanPack<\/b><\/a> were transferred to the management of companies from the Russian Federation in accordance with Putin’s decrees, which he signed on December 31, 2025. The Russian company “StalElement” received 100% of LLC “Ken-Pak” and LLC “Ken-Pak Packaging Plant” – Russian Canpack factories engaged in the production of metal containers. The decrees come into effect from the date of official publication, i.e. from January 13, 2026.<\/p>\n To read more details on 32 identified cases of full and partial business seizures in Russia – please read our 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 1st quarter 2026 will be available in early April 2026<\/b>.<\/p>\n What\u2019s new last month – key news from Daily monitoring<\/b><\/p>\n (updated on a quarterly basis)<\/b>\u2075<\/b><\/p>\n \u2666 Brunello Cucinelli<\/b> (Italy, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n After short-seller report, Cucinelli reaffirms that it operates in Russia in line with EU rules<\/p>\n https:\/\/www.reuters.com\/business\/cucinelli-reaffirms-that-it-operates-russia-line-with-eu-rules-2025-10-01\/<\/a><\/p>\n \u2666 UniCredit Bank<\/b> (Italy, Finance and payments) Status by KSE – leave<\/i><\/p>\n UniCredit’s Russian business stops taking on corporate clients, raises fees<\/p>\n https:\/\/www.reuters.com\/business\/finance\/unicredits-russian-business-stops-taking-corporate-clients-raises-fees-2025-10-01\/<\/a><\/p>\n \u2666 Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – stay<\/i><\/p>\n Austria’s Raiffeisen fails in new effort to sell stake in Russia, sources say<\/p>\n https:\/\/www.reuters.com\/business\/finance\/austrias-raiffeisen-fails-new-effort-sell-stake-russia-sources-say-2025-10-01\/<\/a><\/p>\n \u2666 Starbucks<\/b> (USA, Public catering) Status by KSE – exited<\/i><\/p>\n Starbucks has registered its trademark with Russia’s intellectual property agency (Rospatent), allowing it to sell food and beverages under its logo.<\/p>\n https:\/\/www.malaysiasun.com\/news\/278613448\/starbucks-registers-new-trademark-in-russia<\/a><\/p>\n \u2666 Maxam<\/b> (Spain, Manufacturing) Status by KSE – stay<\/i><\/p>\n Spanish prosecutor closes investigation into major manufacturer Maxam, whose Russian plants continue producing explosives despite EU ban<\/p>\n https:\/\/theins.ru\/en\/news\/285518<\/a><\/p>\n \u2666 Raiffeisen<\/b> (Austria, Finance and payments) Status by KSE – stay<\/i><\/p>\n The EU is preparing to lift sanctions on assets linked to Russian oligarch Oleg Deripaska to compensate Austria’s Raiffeisen Bank International for losses incurred for payments made in Russia.<\/p>\n https:\/\/www.ft.com\/content\/4a4c28ed-53ab-4d96-963e-a75edcb06e96<\/a><\/p>\n \u2666 LPP<\/b> (Poland, Consumer goods and clothing) Status by KSE – stay<\/i><\/p>\n Russian strike on Lviv threatens clothing shortages in Reserved, Cropp, and Sinsay stores<\/p>\n https:\/\/abiznes.com.ua\/rosiyskyy-udar-po-lvovu-zahrozhuie-defitsytom-odiahu-u-mahazynakh-reserved-cropp-ta-sinsay-6379\/<\/a><\/p>\n 06.10.2025<\/p>\n \u2666 Apple<\/b> (USA, Electronics) Status by KSE – leave<\/i><\/p>\n IPhone 17s go on sale in Moscow despite Apple refusing to sell products in Russia<\/p>\n https:\/\/www.msn.com\/en-gb\/money\/technology\/iphone-17s-go-on-sale-in-moscow-despite-apple-refusing-to-sell-products-in-russia\/ar-AA1MXYx9<\/a><\/p>\n \u2666 Silgan Holdings<\/b> (USA, Manufacturing) Status by KSE – leave<\/i><\/p>\n Putin transferred another asset of the American company Silgan, Vonorus LLC, to the management of the Federal Property Management Agency, according to a presidential decree.<\/p>\n https:\/\/www.forbes.ru\/biznes\/547319-putin-peredal-rosimusestvu-ese-odin-aktiv-amerikanskoj-silgan<\/a><\/p>\n \u2666 Visa<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n \u2666 Mastercard<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n Visa and Mastercard cards may be restricted in Russia due to expired security certificates<\/p>\n https:\/\/ru.krymr.com\/a\/rossiya-viza-masterkard-bezopasnost\/33554584.html<\/a><\/p>\n \u2666 NIS Serbia<\/b> (Serbia, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Serbian oil company NIS announced the entry into force of US sanctions.<\/p>\n https:\/\/www.rbc.ru\/politics\/09\/10\/2025\/68e751379a79470b67cb09d0<\/a><\/p>\n \u2666 Citi (Citigroup)<\/b> (USA, Finance and payments) Status by KSE – leave<\/i><\/p>\n Citibank, the Russian subsidiary of US banking giant Citigroup, will end its operations in Russia on November 1, marking the final step in its exit from the country.<\/p>\n https:\/\/www.msn.com\/en-us\/money\/markets\/citibank-to-fully-exit-russia-from-november-as-western-lenders-retreat\/ar-AA1NW5g5<\/a><\/p>\n \u2666 Knauf Gips<\/b> (Germany, Construction & Architecture) Status by KSE – leave<\/i><\/p>\n Building materials manufacturer Knauf cannot get rid of Russian business<\/p>\n https:\/\/www.zeit.de\/news\/2025-10\/07\/baustoffhersteller-knauf-wird-russland-geschaeft-nicht-los<\/a><\/p>\n \u2666 Lightware Optoelectronics<\/b> (South Africa, Defense) Status by KSE – stay<\/i><\/p>\n South Africa Investigates How It Made a Part for Russian Drones<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2025-10-10\/south-africa-investigates-russian-drone-parts-in-ukraine-war<\/a><\/p>\n \u2666 Google<\/b> (USA, Online Services) Status by KSE – exited<\/i><\/p>\n A South African court has ordered the seizure of assets belonging to the American company Google International LLC within its jurisdiction.<\/p>\n https:\/\/www.ixbt.com\/live\/sw\/imuschestvo-google-v-yuar-arestovano-dlya-ispolneniya-resheniya-arbitrazhnogo-suda-moskvy.html<\/a><\/p>\n \u2666 CMA CGM<\/b> (France, Logistics, Transport) Status by KSE – stay<\/i><\/p>\n In November 2025, one of the world’s largest container carriers, the French shipping line CMA CGM, will officially resume calls to the port of St. Petersburg, including it in the route of its regular Finland Express (FLX) service.<\/p>\n https:\/\/www.kommersant.ru\/doc\/8121574<\/a><\/p>\n \u2666 Renault<\/b> (France, Automotive) Status by KSE – exited<\/i><\/p>\n The Russian government has added French automaker Renault SAS to its sanctions list amid reports that the company may be producing drones for Ukraine.<\/p>\n https:\/\/epravda.com.ua\/biznes\/rosiya-virishila-pokarati-koncern-renault-za-dopomogu-ukrajini-812758\/<\/a><\/p>\n \u2666 UzPost<\/b> (Uzbekistan, Logistics, Transport) Status by KSE – stay<\/i><\/p>\n Russian e-commerce platform acquires state-owned stake in UzPost.<\/p>\n https:\/\/uz.kursiv.media\/en\/2025-10-13\/russian-marketplace-acquires-state-stake-in-uzpost\/<\/a><\/p>\n https:\/\/www.kommersant.ru\/doc\/7888179<\/a><\/p>\n \u2666 Tiger Logistics<\/b> (India, Logistics, Transport) Status by KSE – stay<\/i><\/p>\n Tiger Logistics and Russia’s H2 Invest signs MoU to bring cutting edge cryogenic technology to India for transportation of liquid hydrogen<\/p>\n https:\/\/www.equitybulls.com\/category.php?id=362802<\/a><\/p>\n \u2666 Sir Industriale<\/b> (Italy, Metals and Mining) Status by KSE – stay<\/i><\/p>\n Italy-Ukraine, a spy story: the secret of the Iskander, Putin’s invisible missile, and the spotlight of Kiev’s 007s on Made in Italy.<\/p>\n https:\/\/www.corriere.it\/economia\/finanza\/25_ottobre_13\/italia-ucraina-una-spy-story-il-segreto-dell-iskander-il-missile-invisibile-di-putin-e-il-faro-degli-007-di-kiev-sul-made-in-italy-7dcfae2a-d26c-4590-a24d-f5b3801c1xlk.shtml<\/a><\/p>\n \u2666 Sinopec Limited (China Petroleum & Chemical Corporation)<\/b> (China, Chemical industry) Status by KSE – stay<\/i><\/p>\n The main buyer of gas, the Chinese state-owned China Oil & Gas Pipeline Network, is largely independent of the dollar system, reducing the risk of secondary sanctions.<\/p>\n https:\/\/zn.ua\/WORLD\/wsj-kak-rossija-obkhodit-sanktsii-na-arkticheskij-haz-cherez-kitaj.html<\/a><\/p>\n \u2666 Geely<\/b> (China, Automotive) Status by KSE – stay<\/i><\/p>\n Geely will not provide warranty support for vehicles imported into Russia unofficially.<\/p>\n https:\/\/www.kommersant.ru\/doc\/8121171<\/a><\/p>\n \u2666 Fortum<\/b> (Finland, Energy, oil and gas) Status by KSE – exited<\/i><\/p>\n Fortum has lost a quarter of its revenue during Russian seizure<\/p>\n https:\/\/energywatch.com\/article18610963.ece<\/a><\/p>\n \u2666 Formosa Petrochemical Corp<\/b> (Taiwan, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Taiwan\u2019s Formosa Petrochemical Corporation (FPCC) agrees not to purchase Russian naphtha after report reveals tremendous import surge<\/p>\n https:\/\/energyandcleanair.org\/taiwans-fpcc-agrees-not-to-purchase-russian-naphtha\/<\/a><\/p>\n \u2666 Raven Property Group Limited<\/b> (Great Britain, Hospitality, Real estate) Status by KSE – exited<\/i><\/p>\n Raven Russia’s assets in the Moscow region and St. Petersburg were seized.<\/p>\n https:\/\/www.kommersant.ru\/doc\/8137287<\/a><\/p>\n \u2666 NIS Serbia<\/b> (Serbia, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n The Russian side rejected the offer to sell a stake in the Serbian NIS<\/p>\n https:\/\/www.akm.ru\/eng\/news\/the-russian-side-rejected-the-offer-to-sell-a-stake-in-the-serbian-nis<\/a><\/p>\n \u2666 International Bobsleigh & Skeleton Federation (IBSF)<\/b> (Switzerland, Sport) Status by KSE – leave<\/i><\/p>\n The International Bobsleigh and Skeleton Federation (IBSF) Appeals Tribunal partially overturned the IBSF Congress’s decision to ban Russian athletes from international competition.<\/p>\n https:\/\/ua.tribuna.com\/bobsleigh\/1000000288628-apelyatsiynyy-trybunal-ibsf-chastkovo-skasuvav-zaboronu-<\/a><\/p>\n \u2666 Air France<\/b> (France, Air transportation) Status by KSE – stay<\/i><\/p>\n Air France-KLM CEO calls for regulatory support amid Russian airspace challenges<\/p>\n https:\/\/m.investing.com\/news\/stock-market-news\/air-franceklm-ceo-calls-for-regulatory-support-amid-russian-airspace-challenges-93CH-4297477?ampMode=1<\/a><\/p>\n \u2666 Strabag<\/b> (Austria, Construction & Architecture) Status by KSE – stay<\/i><\/p>\n Strabag shareholders withdraw arbitration to avoid Russian court penalty<\/p>\n https:\/\/globalarbitrationreview.com\/article\/strabag-shareholders-withdraw-arbitration-avoid-russian-court-penalty<\/a><\/p>\n \u2666 Enagas<\/b> (Spain, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Spain\u2019s gas operator says network ready for faster Russian LNG phase-out<\/p>\n https:\/\/energiesmedia.com\/spains-gas-operator-notes-sectors-readiness\/<\/a><\/p>\n \u2666 Chevron<\/b> (USA, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n \u2666 Shell<\/b> (Great Britain, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Chevron, Shell cut oil output in Kazakhstan after Ukrainian strike on Russian gas plant<\/p>\n https:\/\/www.reuters.com\/business\/energy\/kazakhstans-karachaganak-cuts-output-after-drone-hits-russian-gas-plant-2025-10-21\/<\/a><\/p>\n \u2666 Sinopec Limited (China Petroleum & Chemical Corporation)<\/b> (China, Chemical industry) Status by KSE – stay<\/i><\/p>\n China Withdraws Investment In Europe As Sinopec Hong Kong Purchases Russian SIBUR Equity From Its Own Cyprus Subsidiary<\/p>\n https:\/\/russiaspivottoasia.com\/china-withdraws-investment-in-europe-as-sinopec-hong-kong-purchases-russian-sibur-equity-from-its-own-cyprus-subsidiary\/<\/a><\/p>\n \u2666 International Ski Federation<\/b> (Switzerland, Sport) Status by KSE – leave<\/i><\/p>\n The International Ski and Snowboard Federation says its council has voted against allowing athletes from Russia and Belarus to compete in qualifiers for the upcoming Milan-Cortina Winter Olympics.<\/p>\n https:\/\/www.nbcchicago.com\/olympics-2026-milan-cortina\/ski-federation-wont-allow-russian-athletes-milan-cortina-olympic-qualifiers\/3841494\/<\/a><\/p>\n \u2666 Kulevi Oil Terminal (Black Sea Petroleum)<\/b> (Azerbaijan, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n According to LSEG and a trader, on October 6, the tanker Kayseri delivered 105,340 metric tons of Siberian Light crude oil from the Russian Black Sea port of Novorossiysk to the Kulevi oil terminal.<\/p>\n https:\/\/www.reuters.com\/business\/energy\/russia-ships-first-oil-new-refinery-georgia-2025-10-21\/<\/a><\/p>\n \u2666 China National Petroleum Corporation<\/b> (China, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n The Central Bank has discovered a mysterious influx of a trillion rubles worth of foreign currency into Russia in a single month.<\/p>\n https:\/\/www.moscowtimes.ru\/2025\/10\/21\/rosneft-mogla-obespechit-pritok-valyuti-v-rossiyu-na-trillion-rublei-v-sentyabre-a177745<\/a><\/p>\n \u2666 Neste Oyj<\/b> (Finland, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Due to the new sanctions, Neste has suspended fuel supplies to the Finnish gas station chain Teboil, for which Neste was the primary fuel supplier.<\/p>\n https:\/\/rus.err.ee\/1609838722\/smi-prinadlezhawaja-lukojlu-set-azs-v-finljandii-lishilas-postavok-topliva-iz-za-sankcij<\/a><\/p>\n \u2666 Reliance<\/b> (India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n Private company Reliance Industries, India’s largest buyer of Russian crude, plans to reduce or stop imports of Russian oil, including halting purchases under its large long-term deal with Rosneft.<\/p>\n https:\/\/www.reuters.com\/business\/energy\/indian-refiners-review-russian-oil-contracts-after-us-sanctions-source-says-2025-10-23\/<\/a><\/p>\n \u2666 SAP<\/b> (Germany, IT) Status by KSE – leave<\/i><\/p>\n The Moscow Arbitration Court awarded damages to its Russian counterparty, ABC Consulting, from a subsidiary of the German business software provider SAP. The losses were caused by the vendor’s cancellation of cloud services contracts following the European company’s exit from Russia.<\/p>\n https:\/\/www.kommersant.ru\/doc\/8141155<\/a><\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2025-07-21\/russia-linked-refinery-in-india-seeks-early-payment-after-curbs<\/a><\/p>\n ? Wintershall Noordzee<\/b> (\u041d\u0456\u0434\u0435\u0440\u043b\u0430\u043d\u0434\u0438, \u0415\u043d\u0435\u0440\u0433\u0435\u0442\u0438\u043a\u0430, \u043d\u0430\u0444\u0442\u0430 \u0456 \u0433\u0430\u0437) \u0421\u0442\u0430\u0442\u0443\u0441 \u0437\u0430 KSE – \u0437\u0430\u043b\u0438\u0448\u0430\u044e\u0442\u044c\u0441\u044f<\/i><\/p>\n \u0421\u0443\u0434 \u041d\u0456\u0434\u0435\u0440\u043b\u0430\u043d\u0434\u0456\u0432 \u0437\u043d\u044f\u0432 \u0430\u0440\u0435\u0448\u0442 \u0456\u0437 \u043b\u043e\u043a\u0430\u043b\u044c\u043d\u0438\u0445 \u0430\u043a\u0442\u0438\u0432\u0456\u0432 \u00ab\u0413\u0430\u0437\u043f\u0440\u043e\u043c\u0443\u00bb.<\/p>\n https:\/\/www.reuters.com\/business\/energy\/dutch-court-lifts-seizure-gazproms-local-assets-2025-07-22\/<\/a><\/p>\n \u2666 Euroclear<\/b> (Belgium, Finance and payments) Status by KSE – stay<\/i><\/p>\n Euroclear’s revenue from frozen Russian assets fell by 25%.<\/p>\n https:\/\/www.rbc.ru\/quote\/news\/article\/68fb45489a7947ec6e4242f5<\/a><\/p>\n \u2666 Camozzi Group<\/b> (Italy, Industrial equipment) Status by KSE – stay<\/i><\/p>\n The Camozzi Group from Brescia supplies, through intermediaries, technical components used to automate the loading and assembly processes of artillery shells and warheads used by the Russian military complex.<\/p>\n https:\/\/www.linkiesta.it\/2025\/10\/camozzi-russia-guerra-industria\/<\/a><\/p>\n https:\/\/www.rbc.ru\/business\/24\/07\/2025\/6881b8dd9a7947538bf4e0d1<\/a><\/p>\n \u2666 Pacific Gas<\/b> (China, Marine Transportation) Status by KSE – stay<\/i><\/p>\n China\u2019s Pacific Gas Owns LNG Ship Skirting Russian Sanctions<\/p>\n https:\/\/www.bloomberg.com\/news\/articles\/2025-10-24\/china-s-pacific-gas-owns-lng-ship-skirting-russian-sanctions<\/a><\/p>\n \u2666 International Paralympic Committee (IPC)<\/b> (Germany, Sport) Status by KSE – leave<\/i><\/p>\n Paralympics committee bans Russian, Belarusian athletes<\/p>\n https:\/\/newswav.com\/article\/paralympics-committee-bans-russian-belarusian-athletes-A2510_CpDWP2<\/a><\/p>\n 26.10.2025<\/b><\/p>\n https:\/\/frankmedia.ru\/211586?utm_referrer=https%3a%2f%2fwww.google.com%2f<\/a><\/p>\n ? Xiamen Limbach<\/b> (\u041a\u0438\u0442\u0430\u0439, \u041e\u0431\u043e\u0440\u043e\u043d\u0430) \u0421\u0442\u0430\u0442\u0443\u0441 \u0437\u0430 KSE – \u0437\u0430\u043b\u0438\u0448\u0430\u044e\u0442\u044c\u0441\u044f<\/i><\/p>\n \u041a\u0438\u0442\u0430\u0439\u0441\u044c\u043a\u0456 \u0434\u0432\u0438\u0433\u0443\u043d\u0438, \u0432\u0456\u0434\u0432\u0430\u043d\u0442\u0430\u0436\u0435\u043d\u0456 \u044f\u043a \u00ab\u043e\u0445\u043e\u043b\u043e\u0434\u0436\u0443\u0432\u0430\u043b\u044c\u043d\u0456 \u0443\u0441\u0442\u0430\u043d\u043e\u0432\u043a\u0438\u00bb, \u0436\u0438\u0432\u043b\u044f\u0442\u044c \u0440\u043e\u0441\u0456\u0439\u0441\u044c\u043a\u0456 \u0434\u0440\u043e\u043d\u0438.<\/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 ? Ideal Detonators Private Limited<\/b> (\u0406\u043d\u0434\u0456\u044f, \u041e\u0431\u043e\u0440\u043e\u043d\u0430) \u0421\u0442\u0430\u0442\u0443\u0441 \u0437\u0430 KSE – \u0437\u0430\u043b\u0438\u0448\u0430\u044e\u0442\u044c\u0441\u044f<\/i><\/p>\n ? Maxam<\/b> (\u0406\u0441\u043f\u0430\u043d\u0456\u044f, \u0412\u0438\u0440\u043e\u0431\u043d\u0438\u0446\u0442\u0432\u043e) \u0421\u0442\u0430\u0442\u0443\u0441 \u0437\u0430 KSE – \u0437\u0430\u043b\u0438\u0448\u0430\u044e\u0442\u044c\u0441\u044f<\/i><\/p>\n \u0406\u043d\u0434\u0456\u0439\u0441\u044c\u043a\u0430 \u043a\u043e\u043c\u043f\u0430\u043d\u0456\u044f \u043f\u043e\u0441\u0442\u0430\u0447\u0430\u043b\u0430 \u0432\u0438\u0431\u0443\u0445\u0456\u0432\u043a\u0443 \u0434\u043e \u0420\u0424 \u043f\u043e\u043f\u0440\u0438 \u0437\u0430\u0441\u0442\u0435\u0440\u0435\u0436\u0435\u043d\u043d\u044f \u0421\u0428\u0410.<\/p>\n https:\/\/www.reuters.com\/business\/aerospace-defense\/indian-firm-shipped-explosives-russia-despite-us-warnings-2025-07-24\/<\/a><\/p>\n \u2666 ONGC Videsh Ltd<\/b> (India, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n ONGC Videsh seeks legal advice as US sanctions hit Russian oilfield with Indian stake<\/p>\n https:\/\/m.economictimes.com\/industry\/energy\/oil-gas\/ongc-videsh-seeks-legal-advice-as-us-sanctions-hit-russian-oilfield-with-indian-stake-report\/amp_articleshow\/124822782.cms<\/a><\/p>\n \u2666 Sinopec Limited (China Petroleum & Chemical Corporation)<\/b> (China, Chemical industry) Status by KSE – stay<\/i><\/p>\n \u2666 China National Offshore Oil Corporation (CNOOC Group)<\/b> (China, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n \u2666 PetroChina<\/b> (China, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n China state oil majors suspend Russian oil buys due to sanctions, sources say<\/p>\n https:\/\/www.reuters.com\/business\/energy\/china-state-oil-majors-suspend-russian-oil-buys-due-sanctions-sources-say-2025-10-23\/<\/a><\/p>\n \u2666 Shandong Yulong Petrochemical<\/b> (China, Energy, oil and gas) Status by KSE – stay<\/i><\/p>\n China refiner Yulong boosts Russian oil imports after sanctions<\/p>\n https:\/\/www.reuters.com\/business\/energy\/china-refiner-yulong-boosts-russian-oil-imports-after-sanctions-sources-say-2025-10-28\/<\/a><\/p>\n \u2666 Hindustan Aeronautics Ltd<\/b> (India, Aerospace) Status by KSE – stay<\/i><\/p>\n HAL signs MoU with Russia’s PJSC-UAC to produce civil aircraft SJ-100<\/p>\n https:\/\/economictimes.indiatimes.com\/industry\/transportation\/airlines-\/-aviation\/hal-signs-mou-with-russias-pjsc-uac-to-produce-civil-aircraft-sj-100\/articleshow\/124865478.cms?from=mdr<\/a><\/p>\n \u2666 Maritime Mutual<\/b> (New Zealand, Insurance) Status by KSE – stay<\/i><\/p>\n The West has launched an investigation into a New Zealand insurer that helped Russia’s shadow fleet transport $17 billion worth of oil.<\/p>\n https:\/\/www.moscowtimes.ru\/2025\/10\/28\/na-zapade-nachali-rassledovanie-protiv-novozelandskogo-strahovschika-kotorii-pomog-tenevomu-flotu-rossii-perevezti-nefti-na-17-mlrd-a178547<\/a><\/p>\n \u2666 Sibilla Solutions<\/b> (Cyprus, Online Services) Status by KSE – leave<\/i><\/p>\n The money transfer service Profee has restricted transfers from Russians after the European Union (EU) tightened sanctions.<\/p>\n https:\/\/lenta.ru\/news\/2025\/10\/24\/odin-platezhnyy-servis-ogranichil-perevody-rossiyan<\/a><\/p>\n \u2666 Fast Bunkering<\/b> (Latvia, Logistics, Transport) Status by KSE – stay<\/i><\/p>\n Baltic companies secretly fuelling Russia\u2019s shadow fleet<\/p>\n https:\/\/www.lrt.lt\/en\/news-in-english\/19\/2726119\/baltic-companies-secretly-fuelling-russia-s-shadow-fleet<\/a><\/p>\n \u2666 BMW<\/b> (Germany, Automotive) Status by KSE – leave<\/i><\/p>\n BMW overtook the Chinese and became the most popular premium car in Russia for the first time since 2022.<\/p>\n https:\/\/www.moscowtimes.ru\/2025\/10\/28\/bmw-obognala-kitaitsev-i-vpervie-s-2022-goda-stala-samim-populyarnim-premialnim-avtomobilem-v-rossii-a178505<\/a><\/p>\n \u2666 Lego<\/b> (Denmark, Consumer goods and clothing) Status by KSE – leave<\/i><\/p>\n Czech-made Lego products openly sold in Russia despite company\u2019s boycott<\/p>\n https:\/\/tvpworld.com\/89710037\/czech-made-lego-remain-on-sale-in-russia-report-says<\/a><\/p>\n![\"RF_12_01_2026_ENG2\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/01\/08123806\/rf_12_01_2026_eng2.png\")
<\/figure>\n![\"RF_12_01_2026_ENG3\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/01\/08123807\/rf_12_01_2026_eng3.png\")
<\/figure>\n![\"RF_12_01_2026_ENG4\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/01\/08123808\/rf_12_01_2026_eng4.png\")
<\/figure>\n![\"RF_12_01_2026_ENG5\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/01\/08123810\/rf_12_01_2026_eng5.png\")
<\/figure>\n![\"RF_12_01_2026_ENG6\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/01\/08123812\/rf_12_01_2026_eng6.png\")
<\/figure>\n![\"RF_12_01_2026_ENG7\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/01\/08123812\/rf_12_01_2026_eng7.png\")
<\/figure>\n![\"RF_12_01_2026_ENG8\"](\"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/01\/08123813\/rf_12_01_2026_eng8.png\")
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