SelfSanctions / LeaveRussia

The KSE Institute project aimed to collect data on foreign companies operating in the Russian market and limiting or terminating their activities

At the beginning of the Russian invasion of Ukraine KSE Institute launched an analytical project, which was named “SelfSanctions”, 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.
We are grateful to Yale’s School of Management which database is used to fulfill the KSE database. Please see the database of Yale’s School of Management HERE.

 

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.
• We created the Telegram bot https://t.me/exit_ru_bot for tracking/monitoring of news on priority foreign companies (coverage 1, 2, 3 or 7 days of monitoring).
• We do regular analysis of changes in share prices and capitalization of parent groups of companies that have or have had business in Russia.

 

KSE also used epravda.com.ua and squeezingputin.com websites and other open sources. Data is verified and KSE status is assigned. Data on stocks is taken from Google and Yahoo Finance. KSE database is more complete and comprehensive and contains ~40 percent 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.

In July, 2022 KSE Institute announced the launch of the Leave Russia project’s main website leave-russia.org, which was developed, launched and filled with a team of volunteers and transferred to the KSE Institute for free. The website has a unique and currently the largest database with over 2350 top companies and world-famous brands that have closed their business in Russia or continue to work in this market.

Add a new company via form. After checking the information by our analysts, it will be added to the general database.

IMPACT OF FOREIGN COMPANIES SELF-SANCTIONING ON RF ECONOMY

Impact of SelfSanctions on RF economy. August 14, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 747 (-7 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 477 (+4 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 126 (+4 per week)

Number of the companies that completed withdrawal from Russia (KSE’s status “exited”) – 46 (0 per week)

 

Impact of SelfSanctions on RF economy. August 07, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 754 (+4 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 473 (+3 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 122 (-5 per week)

Number of the companies that completed withdrawal from Russia (KSE’s status “exited”) – 46 (+3 per week)

 

Impact of SelfSanctions on RF economy. July 31, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 750 (+43 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 470 (+1 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 127 (-3 per week)

Number of the companies that completed withdrawal from Russia (KSE’s status “exited”) – 43 (+4 per week)

 

Impact of SelfSanctions on RF economy. July 24, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 707 (-3 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 469 (-2 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 130 (-27 per week)

Number of the companies that completed withdrawal from Russia (KSE’s status “exited”) – 39 (new category)

 

Impact of SelfSanctions on RF economy. July 17, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 710 (+1 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 471 (+2 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 157 (0 per week)

 

Impact of SelfSanctions on RF economy. July 10, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 709 (+4 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 469 (+5 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 157 (+2 per week)

 

Impact of SelfSanctions on RF economy. July 03, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 705 (+33 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 464 (0 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 155 (+64 per week)

 

Impact of SelfSanctions on RF economy. June 26, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 672 (-5 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 464 (+7 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 091 (-1 per week)

 

Impact of SelfSanctions on RF economy. June 19, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 677 (+2 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 457 (0 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 092 (+3 per week)

 

Impact of SelfSanctions on RF economy. June 12, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 675 (-1 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 457 (+7 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 089 (+2 per week)

 

Impact of SelfSanctions on RF economy. June 5, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 676 (+86 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 450 (+12 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 087 (+50 per week)

 

Impact of SelfSanctions on RF economy. May 29, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 590 (+8 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 438 (+8 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 037 (+4 per week)

 

Impact of SelfSanctions on RF economy. May 22, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 582 (+2 per week)

Number of the companies that have reduced current operations and hold off new Investments (KSE’s status «wait») – 430 (+8 per week)

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 033 (+16 per week)

Impact of SelfSanctions on RF economy. May 13, 2022

Number of the companies that continue Russian operations (KSE’s status «stay») – 580

Number of the companies that have reduced current operations and hold off new Investments (status «wait») – 422

Number of the companies that have curtailed Russian operations (KSE’s status «leave») – 1 017

KSE status “leave – companies that have published on the company’s official website (or their release has appeared in a foreign publication such as FT, NYT, etc.) that are completely shutting down in Russia or companies that have officially announced that they are temporarily reducing operations in Russia; 

KSE status “wait – companies that have published on the company’s official website (or their release has appeared in a foreign publication such as FT, NYT, etc.) that they are reducing only part of their business operations by continuing to work on other operations or companies that have reported delaying future investment / development / marketing, while continuing their core business;

KSE status “stay – companies that ignore exit / downsizing requirements in Russia, as well as companies that have officially stated that they remain in Russia or news of their exit have not been found.

KSE status exited – Companies that sold its business/assets or its part of the business to a local partner and leaved the market based on data from the Uniform State Register of Legal Entities in Russia

Key news from KSE Daily monitoring
(updated weekly on Mondays)

13.08.2022

*EnBW (Germany, Energy, oil and gas) Status by KSE – wait

no new energy deals with Putin’s Russia, has two long-term Russian gas contracts, takes $561 million hit due to Russian gas supply cuts

https://www.reuters.com/business/energy/germanys-enbw-takes-561-mln-hit-due-russian-gas-supply-cuts-2022-08-12/   

*Mondi Group (Great Britain, FMCG) Status by KSE – wait

Mondi agreed on Friday 13.08.2022 to sell its largest plant in Russia to an investment vehicle owned by Russian billionaire Viktor Kharitonin for $1.6 billion. Mondi also has three much smaller plants in Russia that are not part of the deal

https://www.reuters.com/markets/deals/packaging-firm-mondi-sell-russia-business-156-bln-2022-08-12/ 

*Coca-Cola HBC AG (Switzerland, FMCG) Status by KSE – wait

Stopped all production and sales of brands of The Coca-Cola Company in Russia, renamed company to Multon Partners, will focus on the production and sale of existing local brands; intend to have a much smaller operation in Russia 

https://www.coca-colahellenic.com/en/media/news/corporate_news/2022/an-update-on-our-russian-operations

12.08.2022

*Tchibo (Germany, FMCG) Status by KSE – exited

Tchibo exited the Russian business

https://www.epravda.com.ua/news/2022/08/12/690323/

https://www.kommersant.ru/doc/5504485

*Canadian Tire (Canada, Automotive) Status by KSE – leave

Helly Hansen (Norway, Consumer goods and clothing) Status by KSE – leave

Canadian Tire claims exit in the official announcement (Helly Hansen exited Russia)

https://corp.canadiantire.ca/English/media/news-releases/press-release-details/2022/Canadian-Tire-Corporation-Reports-Second-Quarter-Results/default.aspx

11.08.2022

*Boreo (Finland, Electronics) Status by KSE – leave 

Boreo has today sold its 90% shareholding in the electronic component distribution business in Russia (“YE Russia”) to companies controlled by Mr. Yrjö Pönni, current General Director and 10% shareholder of YE Russia (“Buyer”)

https://www.boreo.com/publication/gnw-boreo-2495825-en   

*Tik Tok (China, Online Services) Status by KSE – leave

Tiktok is ‘shadow promoting’ banned Russian content to users

https://www.euronews.com/my-europe/2022/08/10/tiktok-is-still-promoting-banned-russian-content-to-users-says-report

10.08.2022

*Kährs (Sweden, Manufacturing) Status by KSE – wait

Kährs started a process to evaluate the possibilities and conditions for divesting its operations in Russia.

https://www.lesprom.com/en/news/K%C3%A4hrs_evaluates_possible_divestment_of_its_operations_in_Russia_104130/ 

*Mazars (France, Consulting, Law) Status by KSE – leave

stop all Mazars activities in Russia, explore exit options, do not take new clients from Russia

https://www.mazars.com/Home/About-us/News-publications-and-media/Latest-news/Update-on-our-position-in-Russia 

https://news.bloombergtax.com/financial-accounting/xtx-sues-mazars-for-refusing-to-work-for-russian-founder

09.08.2022

*Saipem (Italy, Industrial equipment) Status by KSE – wait

Saipem in Talks to End Its Arctic LNG 2 Projects in Russia

https://www.linkedin.com/feed/update/urn:li:activity:6962678697682202626

https://www.oedigital.com/news/498579-saipem-in-talks-to-end-its-arctic-lng-2-projects-in-russia

*Maire Tecnimont (Italy, Engineering) Status by KSE – wait

Italian Conglomerate Maire Looks to Gas From Waste to Cut Reliance on Russia

https://www.bloomberg.com/news/articles/2022-08-08/italy-s-maire-looks-to-gas-from-waste-to-cut-reliance-on-russia 

*Wizz Air (Hungary, Air transportation)  Status by KSE – wait

WizzAir will resume flights to Moscow from October

https://news.finance.ua/ua/wizzair-vidnovyt-reysy-do-moskvy-z-zhovtnya

08.08.2022

*Siemens Energy AG (Independent) (Germany, Energy, oil and gas) Status by KSE – wait

Siemens Energy loss widens amid Russia withdrawal

https://www.marketwatch.com/story/siemens-energy-3q-rev-eur7-28b-271659936745 

German energy holding Siemens Energy has started restructuring its business activities in Russia and intends to complete the exit from assets in Russia at the end of the current fiscal year. But it is possible to continue servicing the equipment for “Nordic Stream-1”

https://www.epravda.com.ua/news/2022/08/8/690135/ 

*Ball Corporation (USA, Aerospace) Status by KSE – leave

The manufacturer of aluminum cans Ball estimated losses due to the exit from the Russian Federation at 435 million dollars

https://www.epravda.com.ua/news/2022/08/7/690110/ 

https://www.prnewswire.com/news-releases/ball-announces-second-quarter-2022-results-and-rephasing-of-certain-growth-capital-projects-301599665.html

05.08.2022

*AB InBev Efes (Russia, Alcohol & Tobacco) Status by KSE – wait

AB InBev Efes has localized production of some popular beer brands in Russia.

https://www.interfax.ru/business/855277 

*BlackRock (USA, Finance and payments) Status by KSE – leave

BlackRock to Shutter Russia ETF That Once Held $800 Million

https://www.bloomberg.com/news/articles/2022-08-04/blackrock-to-shutter-russia-etf-that-once-held-800-million 

*Paramount (USA, Films) Status by KSE – leave

Paramount+ subscribers grew to over 43 million thanks to the addition of 4.9 million subscribers and the removal of 1.2 million users from Russia, the company revealed in its report for the second quarter of the year.

https://senalnews.com/en/digital/paramount-reached-over-43-million-subscribers-during-q2 

*Glencore (Switzerland, FMCG) Status by KSE – wait

Glencore’s profits more than doubled to a record in the first half of the year, cementing the group’s status as one of the biggest winners from the turmoil in commodity markets unleashed by the war in Ukraine.

https://www.ft.com/content/5ce49d4e-be60-4675-ae7e-8fe70b9b1bac

04.08.2022

*ExxonMobil (USA,  Energy, oil and gas)  Status by KSE – wait

Exxon Mobil is negotiating to transfer its stake in the Sakhalin-1 project to another company

https://www.epravda.com.ua/news/2022/08/4/689996/ 

*Societe Generale (France, Finance and payments) Status by KSE – exited

The French Societe Generale estimated the loss from the sale of its bank in the Russian Federation at 3.3 billion euros

https://www.epravda.com.ua/news/2022/08/3/689963/ 

*PHX Energy Services (Canada, Energy, oil and gas) Status by KSE – leave

PHX Energy Services Pulls Out of Russia

https://www.marketwatch.com/story/phx-energy-services-pulls-out-of-russia-271659442238 

https://www.globenewswire.com/news-release/2022/08/02/2490230/0/en/PHX-Energy-Announces-Withdrawal-from-Russia.html

03.08.2022

*Jotun (Norway, Chemical industry) Status by KSE – leave

The Norwegian paint manufacturer Jotun has announced the sale of its business in the Russian Federation and exit from the country.

https://www.epravda.com.ua/news/2022/08/2/689921/ 

https://www.jotun.com/ww-en/about-jotun/media/news/jotun-has-decided-to-exit-russia/ 

*Maersk (Denmark, Logistics, Transport) Status by KSE – leave

Maersk expects a quick conclusion of negotiations on the sale of business in the Russian Federation

https://www.epravda.com.ua/news/2022/08/3/689955/ 

*Nokian Tyres (Finland, Automotive) Status by KSE – leave

Nokian Tyres aims for Q3 decision on new plant to replace Russia production

https://www.reuters.com/business/retail-consumer/nokian-tyres-plunges-into-red-russia-exit-weighs-2022-08-02/ 

*Metso Outotec (Finland, Industrial equipment)  Status by KSE – wait

CEO tells YLE Metso Outotec has adhered fully to sanctions against Russia

https://www.helsinkitimes.fi/business/21974-ceo-tells-yle-metso-outotec-has-adhered-fully-to-sanctions-against-russia.html

02.08.2022

*Ekaterra (Netherlands, Food & Beverages) Status by KSE – wait

The discontinuation of Ekaterra means that tea brands Lipton, Saito and Brooke Bond will cease to be produced in Russia by the end of 2022. After that, the Ekaterra company will completely stop their sales and distribution on the Russian market.

https://iz.ru/1373204/2022-08-01/mezhdunarodnaia-chainaia-kompaniia-ekaterra-prekrashchaet-rabotu-v-rossii 

*Baker Hughes (USA, Energy, oil and gas) Status by KSE – leave

Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia

https://investors.bakerhughes.com/news-releases/news-release-details/baker-hughes-announces-local-management-buyout-its-oilfield 

*Heineken (Netherlands, Alcohol&Tobacco) Status by KSE – leave

The Dutch brewing corporation Heineken N.V. said it plans to reach an agreement on the sale of Russian assets, valued at a total of 475 million euros, in the second half of 2022.

https://www.epravda.com.ua/news/2022/08/1/689868/ 

https://www.theheinekencompany.com/newsroom/heineken-nv-reports-2022-half-year-results/

01.08.2022

*LHV Pank (Estonia, Finance and payments) Status by KSE – wait

New restrictions on payments received from banks in Russia and Belarus.

Due to the complicated international situation caused by the Russo-Ukrainian War, LHV Pank will no longer be able to accept payments from Russian and Belarusian banks from 9 August 2022. 

https://www.lhv.ee/en/news/2022/25 

*Continental (Germany, Automotive) Status by KSE – wait

On August 1, the Continental plant producing automobile tires will start working again in Kaluga. 

https://aif.ru/money/company/zavod_shin_continental_v_kaluge_vozobnovit_rabotu_s_1_avgusta 

*OBI Group (Germany, Consumer goods and clothing) Status by KSE – leave

OBI closes deal to sell Russian business for one euro

https://newsunrolled.com/economy/70781.html

30.07.2022

*DHL (Germany, Logistics, Transport) Status by KSE –  wait

Suspended all shipments to Russia in March. Will stop domestic services within Russia, effective September 1st, 2022.

https://www.dhl.com/global-en/home/global-news-alerts/global-messages/ukraine.html?back=1 

*Latvijas Gaze (Latvia, Energy, oil and gas) Status by KSEstay

Continues to buy Russian-made gas after statements about the refusal of direct supplies, fuel is purchased from an intermediary. Stated by the head of the company Aigars Kalvitis.

29.07.2022

*Kraft Heinz (USA, Food & Beverages) Status by KSE – wait

American food manufacturer Kraft Heinz, the largest shareholder of which is Warren Buffett’s Berkshire Hathaway, is putting up its business for the production of baby cereals, purees and other baby food for sale

https://www.epravda.com.ua/news/2022/07/29/689772/ 

https://www.kommersant.ru/doc/5482348 

*Guardian Industries (USA, Manufacturing)  Status by KSE – leave

Guardian Industries sold its business in Russia to Vladimir Alexandrovich Voronin, President of FSK Group

https://news.kochind.com/en-us/news/2022/koch-responds-crisis-ukraine-statements 

*Technip Energies (France, Engineering) Status by KSE – wait

Technip Energies’ exit from the Arctic LNG 2 project in Russia is due to complete in a few months, according to chief executive Arnaud Pieton; no update on Yamal LNG

https://www.upstreamonline.com/finance/technip-energies-russian-exit-almost-complete-as-transition-s-golden-age-of-engineering-beckons/2-1-1268008 

*OMV (Austria, Energy, oil and gas) Status by KSE –  wait

Significantly reduced its exposure to risks related to importing Russian gas later this year

https://www.upstreamonline.com/production/omv-profits-rise-as-it-reduces-russian-exposure/2-1-1268065

28.07.2022

*Otis Worldwide (USA, Industrial equipment) Status by KSE – leave

Otis will sell 100% of the business to Ice Development.

https://news.finance.ua/ua/naybil-shyy-vyrobnyk-liftiv-otis-u-sviti-prodaye-sviy-biznes-v-rf 

https://www.otis.com/en/us/news?cn=otis-enters-into-agreement-to-sell-its-russia-business 

*Iveco (Italy, Automotive)Status by KSE – leave

Final exit update, not visible in the registry yet – On 20th July, Iveco Group N.V. executed a dissolution agreement with the Russian JV, IVECO AMT, also formally presenting its withdrawal from the legal entity. Accordingly, the Iveco Group stake (33.3%) was returned to IVECO AMT. 

https://www.ivecogroup.com/-/media/investors/events/quarterly_results_presentations/docs/iveco_group_2022_q2_and_h1_results_prepared_remarks.pdf?rev=fdff33f4022b4e3a95024ac2e5a4ea99 

*British American Tobacco (Great Britain, Alcohol&Tobacco )Status by KSE – leave

Exit update: initiated the process of transferring its Russian business

https://journalnow.com/business/local/bat-taking-steps-to-exit-russian-marketplace-reaches-project-quantum-financial-milestone/article_fb6fb10e-0dab-11ed-aafa-1bc5037fc5ea.html 

*Volkswagen (Germany, Automotive) Status by KSE – leave

Volkswagen is looking to sell its car assembly plant in the Russian city of Kaluga and a Kazakh auto maker could be a potential purchaser, Russia’s Vedomosti newspaper reported on Wednesday.

https://www.reuters.com/markets/deals/volkswagen-seeks-purchaser-russian-auto-making-plant-newspaper-2022-07-27/ 

27.07.2022

*McCormick (USA, Food & Beverages) Status by KSE – leave

The Kamis seasoning manufacturer may leave the Russian market

https://www.epravda.com.ua/news/2022/07/27/689671/

*UBS (Switzerland, Finance and payments) Status by KSE – wait

UBS reduced its exposure to the country and continues to do so. At the end of June, UBS had a direct country risk exposure to Russia of $300 million, down from $400 million at the end of the first quarter, and half of the $600 million exposure at the end of last year, UBS said in its second-quarter report.

https://www.retailnews.asia/ubs-retreats-from-russia-in-small-steps/

26.07.2022

*Tetra Pak (Sweden, FMCG) Status by KSE – leave

Tetra Pak has now reached an agreement to divest its Russian business to local management, with the intention of enabling business continuity for its customers, minimizing the impact on employees, and continuing to support consumers’ access to essential food.

https://www.tetrapak.com/about-tetra-pak/news-and-events/newsarchive/Tetra-Pak-to-exit-Russia

23.07.2022

*Kuehne + Nagel AG (Switzerland, Logistics & Transport) Status by KSE – leave

Kuehne+Nagel sold its business in the Russian Federation, Azerbaijan, Belarus and Kazakhstan to its Managing Director effective July 20, 2022. This follows Kuehne+Nagel’s announcement on March 1, 2022, to suspend all shipments to/from the Russian Federation.

https://home.kuehne-nagel.com/-/news/update-on-ukraine-and-russia

22.07.2022

*Wartsila (Finland, Industrial equipment) Status by KSE – exited

Wärtsilä completes Russian market exit

https://news.finance.ua/ua/fins-kyy-vyrobnyk-obladnannya-dlya-enerhetyky-ta-sudnobuduvannya-w-rtsil-zavershyv-vyhid-iz-rf 

https://www.wartsila.com/media/news/21-07-2022-wartsila-completes-russian-market-exit-3130664 

*HSBC (Great Britain, Finance and payments) Status by KSE – wait

HSBC agrees deal to sell Russian unit to Expobank

https://news.finance.ua/ua/brytans-ka-hrupa-hsbc-domovylasya-pro-prodazh-biznesu-v-rosii-miscevomu-banku 

https://www.reuters.com/markets/deals/exclusive-hsbc-agrees-deal-sell-russian-unit-expobank-2022-07-21/ 

*McCain Foods (Canada, Food & Beverages) Status by KSE – leave

Canadian French fry giant McCain Foods Ltd. has sold its Russian potato production facility, completing the company’s exit from Russia.

https://www.theglobeandmail.com/business/article-mccain-foods-sells-russian-potato-plant-completing-its-exit-from-the/?cmpid=rss 

*Philip Morris (USA, Alcohol&Tobacco) Status by KSE – wait

Philip Morris plans to leave Russia by the end of 2022

https://news.finance.ua/ua/philip-morris-planuye-pity-z-rosii-do-kincya-2022-roku 

https://www.bloomberg.com/news/videos/2022-07-21/philip-morris-wants-out-of-russia-ceo-says-video 

*Primo Water (USA, Food & Beverages) Status by KSE – exited

PRIMO WATER CORPORATION EXITS RUSSIA

https://primowatercorp.com/investors/press-releases/news-details/?news_id=a4465e98-abcf-4928-8833-ca81f9718e33 

*FIFA (Switzerland, Sport) Status by KSE leave

Russian national team and Russian clubs won’t be featured in FIFA 23

https://dotesports.com/fifa/news/russian-national-team-and-russian-clubs-to-be-banned-in-fifa-23

21.07.2022

*ABB (Switzerland, Electronics) Status by KSE – leave

ABB has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions. When the war broke out, ABB stopped taking new orders in Russia. At the same time, it has been fulfilling a small number of existing contractual obligations with local customers, in compliance with applicable sanctions

https://new.abb.com/news/detail/93368/abb-to-exit-russian-market 

*Wargaming (Cyprus, Gaming) Status by KSE – exited

FROM AUGUST, THE ORIGINALLY BELARUSIAN COMPANY WARGAMING, WHICH MAKES WORLD OF TANKS GAMES, WILL STOP ADVERTISING IN RUSSIA AND BELARUS

https://thegeek.games/2022/07/20/from-august-the-originally-belarusian-company-wargaming-which-makes-world-of-tanks-games-will-stop-advertising-in-russia-and-belarus/?utm_source=dlvr.it&utm_medium=twitter 

*Edrington (Great Britain, Alcohol&Tobacco) Status by KSE – leave

*Beam Suntory (USA, Alcohol&Tobacco) Status by KSE – leave

Edrington, along with Beam Suntory, has reached an agreement to sell the Maxxium Russia joint venture business to members of the local management team; all shipments to Russia remained suspended

https://www.edrington.com/en/news/edrington-and-russia   

https://www.beamsuntory.com/en/news/Beam-Suntory-Russia-Statement  

20.07.2022

*Mothercare (Great Britain, Consumer goods and clothing) Status by KSE – leave

The British brand of children’s goods and clothing Mothercare may leave Russia – the owner of the company, the Kuwaiti Alshaya Group, has started looking for buyers for the business, but the option of selling off the remaining goods and closing the retail network is not excluded.

https://www.epravda.com.ua/news/2022/07/20/689368/

https://www.vedomosti.ru/business/articles/2022/07/19/932112-mothercare-mozhet-uiti

*Mondi Group (Great Britain, FMCG) Status by KSE – wait

British packaging company Mondi also said it would end its ties to Russia over the invasion of Ukraine. However, it actually stayed and even doubled down on its business, helping fund the Russian War Machine.

https://euromaidanpress.com/2022/07/19/russias-milk-sector-was-crippled-by-sanctions-then-british-packaging-company-mondi-came-to-the-rescu/?swcfpc=1  

*Polymetal (Great Britain, Metals and Mining) Status by KSE – wait

Polymetal Plans to Sell Russian Assets to Avert Sanctions Risk

https://www.bloomberg.com/news/articles/2022-07-19/polymetal-plans-to-sell-russian-assets-to-avert-sanctions-risk

19.07.2022

*NIOC (Iran, Energy, oil and gas) Status by KSE – stay

Iran and Russia’s Gazprom sign primary deal for energy cooperation

https://www.reuters.com/business/energy/iran-russias-gazprom-sign-primary-deal-energy-cooperation-2022-07-19/

18.07.2022

*H&M (Hennes and Mauritz)  (Sweden, Consumer goods and clothing) Status by KSE – leave

H&M is selling its business in Russia. The brand’s stores will temporarily open to sell off leftovers.

https://www.unian.ua/russianworld/h-m-yde-z-rosiji-cherez-viyskove-vtorgnennya-v-ukrajinu-novini-rosiji-11907315.html 

16.07.2022

*Starbucks (USA, Food & Beverages) Status by KSE – leave

Starbucks set to sell Russian business to restaurateur Anton Pinskiy

https://www.reuters.com/business/retail-consumer/restaurateur-pinskiy-buy-starbucks-russia-coffee-shops-report-2022-07-15/ 

*Danfoss (Denmark, Industrial equipment) Status by KSE – leave

Danfoss have signed agreement to divest the business in Russia and Belarus to the local management to exit Russia completely

https://www.danfoss.com/en/about-danfoss/news/cf/danfoss-announces-local-management-buyout-of-its-russian-businesses/ 

*Calrec Audio  (Great Britain, Media) Status by KSE – wait

Calrec Responds to Critics Who Claim Company Supports Russian Aggression

It says it maintains stringent compliance controls and immediately took steps to cease all commercial activities in Russia and Belarus.

https://calrec.com/news/calrec-statement-july-2022/

15.07.2022

*Elopak (Norway, Packaging) Status by KSE – leave

Elopak to sell Russian operations to local management and exit market, previously suspended operations since March 4th.

https://www.elopak.com/2022/07/15/elopak-to-sell-russian-operations-to-local-management-and-exit-market/ 

*Hortex (Poland, Food & Beverages) Status by KSE – leave

Hortex left the Russian market. The new owner of Ortika Frozen Foods, which is responsible for the import and sale of frozen products under this brand in RF, is the Agama group. “Interfax” reports with reference to the data of the Unified State Register of Legal Entities.

https://bb-cntv.com/news/hortex-left-russia-94466/

14.07.2022

*Nord Axis Limited (China, Energy, oil and gas) Status by KSE – stay 

*Trafigura (Singapore, Metals and Mining) Status by KSE – wait

Trafigura said in a statement on Wednesday that its 10 per cent stake in Vostok Oil, a gargantuan Arctic development backed by Russian president Vladimir Putin, had been sold to “an independent Hong Kong registered trading company”, Nord Axis Limited.

https://www.ft.com/content/62cc84da-3737-41eb-8d3c-d26590506430?shareType=nongift 

https://www.trafigura.com/press-releases/trafigura-completes-the-exit-of-its-investment-in-vostok-oil/ 

*Tik Tok (China, Online Services) Status by KSE – leave

TikTok is no longer advertising for employees in Moscow, following a Washington Free Beacon report that the company was seeking hires in Russia a few months after announcing it had suspended operations in the country.

https://freebeacon.com/national-security/tiktok-drops-job-listings-in-moscow-after-free-beacon-report/

13.07.2022

*AirSlate (Ukraine, IT) Status by KSE – stay

Ukraine’s unicorn AirSlate has an office in Russia, no plans to shut it down

https://ain.capital/2022/07/13/airslate-does-not-plan-to-shut-down-its-office-in-russia/

*European Space Agency (ESA) (France, Aerospace) Status by KSE – stay

That momentary suspension has now been made ultimate. Because the conflict grinds on and the West makes an attempt to additional isolate Russia, Josef Aschbacher, ESA’s director common, introduced on Tuesday that ties on the rover mission had been reduce for good.

https://twitter.com/AschbacherJosef/status/1546899245998948354 

https://specialnews.net/european-space-agency-cuts-ties-with-russia-on-its-mars-mission/ 

*Pepsi (USA, FMCG) Status by KSE – wait

PepsiCo reported a quarterly loss of $1.17 billion due to the impairment of assets in the Russian Federation

https://ru.investing.com/news/cryptocurrency-news/article-2167403

12.07.2022

*Sephora (France, Consumer goods and clothing) Status by KSE – leave

Sephora enters into an agreement for the sale of 100% of the shares of its subsidiary in Russia

https://www.lvmh.com/news-documents/press-releases/sephora-enters-into-an-agreement-for-the-sale-of-100-of-the-shares-of-its-subsidiary-in-russia/

https://ria.ru/20220307/sanktsii-1777012355.html 

*Lush (Great Britain, FMCG) Status by KSE – leave

Lush will close its remaining stores in Russia

https://ipress.ua/news/kosmetychna_merezha_lush_ta_sephora_zakryvaie_biznes_u_rosii_331477.html 

https://www.kommersant.ru/doc/5458686 

*Lego (Denmark, Consumer goods and clothing) Status by KSE – leave

Considering the continuing significant violations of the operating environment, we have decided to suspend commercial activities in Russia for an indefinite period. This includes the termination of most of our Moscow team and our partnership with Inventive Retail Group

https://incrussia.ru/news/lego-leaves/?amp 

*Citi (Citigroup) (USA, Finance and payments) Status by KSE – leave

Citigroup and Citibank refused to be payment and transfer agents for Eurobonds of Belarus

https://www.minfin.gov.by/ru/public_debt/pressreleases/dc6ebeb871d54308.html

https://news.finance.ua/ua/citigroup-i-citibank-vidmovylysya-buty-platizhnymy-ta-transfernymy-ahentamy-z-yevrobondiv-bilorusi

*Atlassian (Australia, IT) Status by KSE – wait

suspended new software sales to Russia, suspending existing Russian government-owned licenses as well as licenses to specific Russian businesses that support the war, but did not terminate the relationships and obligations to existing small business customers in Russia, will donate all future revenue generated from Russia to Ukrainian causes

https://www.smh.com.au/technology/atlassian-to-donate-russian-revenue-as-ukrainian-protestors-demand-full-boycott-20220712-p5b0zv.html

11.07.2022

*AB Electrolux (Sweden, Electronics) Status by KSE – leave

Electrolux Professional, a subsidiary of Swedish home appliance manufacturer Electrolux, is selling its Russian business.

https://news.cision.com/electrolux-professional/r/electrolux-professional-divests-its-operations-in-russia,c3599472?utm_source=dlvr.it&utm_medium=twitter 

*Metso Outotec (Finland, Industrial equipment) Status by KSE – leave

Metso Outotec to book a non-recurring charge of EUR 150 million related to winding down its business in Russia.

https://miningconstruction-sadc.com/russia-metso-outotec-to-book-a-non-recurring-charge-of-eur-150-million-related-to-winding-down-its-business-in-russia/ 

*Mercedes-Benz (Germany, Automotive) Status by KSE – leave

German carmaker Mercedes-Benz is considering selling the property of its distributor in Russia to one of its dealers, including Panavto, Avtodom, Avilon and Major Auto, Russian business newspaper Kommersant reported on Monday, citing sources close to the matter. The Mercedes-Benz plant in the RF is not included in the deal, it does not operate, like most automotive industries in the country.

https://www.kommersant.ru/doc/5457789

09.07.2022

*Turkish Airlines (Turkey, Air transportation) Status by KSE – stay

Still flying to Russia, extended suspension of flights to Minsk, Yekaterinburg, Rostov, and Sochi until the end of August.

https://twitter.com/turkiyenewsen/status/1544972798631739392

08.07.2022

*Vilhelm Parfumerie (France, FMCG) Status by KSE – stay

In the first quarter, a mono-boutique Vilhelm Parfumerie was opened in the format of street retail

https://www.epravda.com.ua/rus/news/2022/07/7/688944/ 

https://www.forbes.ru/biznes/470827-kriticeskij-minimum-za-polugodie-na-rynok-retejla-vysli-lis-dva-inostrannyh-brenda

*Li-Ning (China, Consumer goods and clothing) Status by KSE – stay

in the second quarter, the first Chinese sportswear and footwear store of the Li-Ning brand was opened

https://www.epravda.com.ua/rus/news/2022/07/7/688944/ 

https://www.forbes.ru/biznes/470827-kriticeskij-minimum-za-polugodie-na-rynok-retejla-vysli-lis-dva-inostrannyh-brenda 

*Prisma (Finland, FMCG) Status by KSE – leave

close all business operations in Russia

https://s-ryhma.fi/en/news/s-group-will-close-all-business-operations-in-russ/1ryWAf2TE38Wo9OFv2BrUJ 

https://www.esmmagazine.com/retail/russias-x5-to-buy-st-petersburg-chain-from-finlands-prisma-176842 

*Four Season hotels (Canada, Hospitality, Real estate) Status by KSE – leave

Canadian Four Seasons has suspended direct management of hotels in Russia

https://news.finance.ua/ua/kanads-ka-four-seasons-pryzupynyla-pryame-upravlinnya-hotelyamy-v-rosii 

*HDFC Bank (India, Finance and payments) Status by KSE – stay

HDFC Bank facilitated a domestic cement maker’s yuan trade purchase of Russian coal to avoid USD

https://www.asiafinancial.com/indias-hdfc-bank-aided-yuan-trade-in-russian-coal 

*Koskinen (Finland, Manufacturing) Status by KSE – leave

Koskinen manufactures and markets wood products 7/07 has sold its sawing operations located in Russia to Cherepovetsles 8/03 discontinue its operations in Russia

https://www.lesprom.com/en/news/Koskisen_sells_its_Russian_production_facility_to_Cherepovetsles_103722/ 

*Hainan Airlines (China, Air transportation) Status by KSE – stay (sub-status – returned)

https://www.flightglobal.com/networks/in-rare-move-hainan-airlines-resumes-flights-to-russia/149324.article 

*BBK Electronics (China, Electronics) Status by KSE – stay

Xiaomi, Realme, Honor (a spinoff of smartphone maker Huawei), and Oppo now hold 61% of Russia’s smartphone market by sales as of May 2022

https://fortune.com/2022/07/07/russia-ukraine-apple-samsung-china-smartphones-sales-realme-honor-xiaomi/

07.07.2022

*HSBC (Great Britain, Finance and payments) Status by KSE – wait

HSBC Is in Talks to Sell Russian Unit to Expobank.

https://www.bloomberg.com/news/articles/2022-07-06/hsbc-is-in-talks-to-sell-russian-unit-to-local-lender-expobank 

*Total Energies (France, Energy, oil and gas) Status by KSE – wait

TotalEnergies quits Russia’s Kharyaga oil project in wake of sanctions

https://www.reuters.com/business/energy/exclusive-total-quits-russias-kharyaga-oil-project-wake-sanctions-2022-07-06/

*Starbucks (USA, Food & Beverages) Status by KSE – leave

The coffee shops of the American chain Starbucks in Russia can be bought by a local restaurateur, the founder of the company Pinskiy&Co, Anton Pinsky.

https://www.epravda.com.ua/news/2022/07/7/688941/ 

*Volkswagen (Germany, Automotive) Status by KSE – leave

This week, the Volkswagen company will announce the liquidation of the production site in Nizhny Novgorod, says “Gazeta.ru” with reference to two sources, in particular – in the Russian office of the German company.

https://news.finance.ua/ua/volkswagen-likviduye-zavod-u-nyzhn-omu-novhorodi 

*LPP (Poland, Consumer goods and clothing) Status by KSE – leave

The new owner of “RE Trading” LLC — the Russian division of the Polish retailer LPP — is the UAE-registered company “Farist Services-Fzco”. The record of this in the register is dated June 30.

https://www.kommersant.ru/doc/5446520?query=«РЕ%20Трэйдинг»

06.07.2022

*KFC (USA, Public catering) Status by KSE – wait

Company is also in advanced stages of transferring ownership of its KFC restaurants, operating system and master franchise rights, including the network of franchised restaurants, to a local operator.

https://www.yum.com/wps/portal/yumbrands/Yumbrands/news/company-stories/Update+on+Yum+Brands+Plan+to+Exit+Russia 

*Yum Brands (USA, Public catering) Status by KSE – leave

Announced the current process of exiting the Russian market. Last month, Yum! completed the transfer of ownership of all assets of the Pizza Hut franchise to a local operator. The company is also in the advanced stages of transferring ownership of its KFC restaurants.

https://www.yum.com/wps/portal/yumbrands/Yumbrands/news/company-stories/Update+on+Yum+Brands+Plan+to+Exit+Russia

*UniCredit Bank (Italy, Finance and payments) Status by KSE – stay

Still operating in Russia. UniCredit is considering leaving the Russian Federation, but with the possibility of returning after the war – Bloomberg

https://news.finance.ua/ua/unicredit-rozhlyadaye-vyhid-z-rf-ale-z-mozhlyvistyu-povernutysya-pislya-viyny-bloomberg 

*Volvo (Sweden, Automotive) Status by KSE – leave

Automaker Volvo Group will reduce employees in the Russian Federation during the year. The company produced trucks at the plant in Kaluga, which is currently idle.

https://news.finance.ua/ua/volvo-protyahom-roku-provede-skorochennya-spivrobitnykiv-u-rosii 

*BitMEX (Seychelles, Finance and payments) Status by KSE – wait

BitMEX (Crypto exchange) to Restrict Services to Russians in EU due to sanctions, Russians in Russia will not be affected

https://cryptobriefing.com/bitmex-to-restrict-services-to-russians-in-eu/ 

*Espersen (Denmark, Food & Beverages) Status by KSE – leave

Supplied fish to McDonalds, suspended operations 17.03.2022 after McDonalnds closed restaurants, 6.07.2022 decides to sell Russian business  

https://www.intrafish.com/processing/danish-seafood-giant-espersen-decides-to-sell-russian-business/2-1-1243570 

*Women’s Tennis Association (USA, Sport) Status by KSE – wait

suspend Russian partnerships, bans participation under the name or flag of Russia or Belarus, but allows participation of individual athletes. Issued fines for the tournaments that banned participation of individual athletes from Russia and Belarus

https://en.as.com/other_sports/wimbledon-2022-tournament-organizers-appeal-wtas-1-million-fine-for-ban-on-russia-n/?omnil=resrelrecom 

*ArcelorMittal (Luxembourg, Metals and Mining) Status by KSE – leave

Resumed shipment of steal to Russia from its production in Kazakhstan

https://www.kommersant.ru/doc/5446717?tg

05.07.2022

*Indian Institute of Spices Research (IISR) (India, Agriculture) Status by KSE – stay

The Indian Institute of Spices Research (IISR) under the Indian Council for Agricultural Research (ICAR) inked a Memorandum of Understanding (MoU) with Lysterra LLC, a Russia-based company for commercialisation of biocapsule, an encapsulation technology for bio-fertilisation.

https://economictimes.indiatimes.com/news/economy/agriculture/boosting-agri-ties-india-russia-sign-mou-for-commercialisation-of-biocapsule/articleshow/92664512.cms 

*MSD (USA, Pharma, Healthcare) Status by KSE – wait

The American MSD stops supplying the Russian Federation with vaccines against chickenpox, rubella, measles and mumps, which are also produced by other manufacturers, but will retain sales of its drugs that do not have analogues.

https://www.kommersant.ru/doc/5446031

*IKEA (Sweden, Consumer goods and clothing) Status by KSE – leave

IKEA reopens for online fire sale in Russia before market exit

https://www.reuters.com/business/retail-consumer/ikea-reopens-online-fire-sale-russia-before-market-exit-2022-07-05/ 

*Huawei (China, Electronics) Status by KSE – wait

Huawei is actively recruiting new employees in Russia

https://www.kommersant.ru/doc/5436796 

*PwC (Great Britain, Consulting & Law) Status by KSE – leave

On 30 June the legal agreement for the departure of the firm in Russia from the PwC Network was signed. “ We can confirm that today (4 July 2022) all aspects of the departure of the former PwC firm in Russia have been completed and PwC no longer has a firm in Russia”.

https://www.pwc.com/gx/en/news-room/press-releases/2022/statement-on-pwc-russia-sanctions-update-4-July-2022.html 

04.07.2022

*Mitsui OSK Lines (Japan, Marine Transportation) Status by KSE – stay

Japan’s largest shipping company, Mitsui OSK, President and CEO Takeshi Hashimoto said on the 3rd that Japan had no choice but to continue buying Russian liquefied natural gas (LNG).

https://news.v.daum.net/v/20220704142411489

*Schneider Electric (France, Electronics) Status by KSE – leave

France’s Schneider Electric to sell Russia unit to local management

https://www.reuters.com/technology/frances-schneider-electric-sell-russia-unit-local-management-2022-07-04/?taid=62c2ac356dc5730001a556b4&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter 

02.07.2022

*Universal Pictures (USA, Films) Status by KSE – leave

The parent company decided to cease operations in the Russian Federation

https://www.unian.ua/lite/kino/kina-ne-bude-universal-pictures-ostatochno-postavila-hrest-na-rosiyskih-glyadachah-11887668.html 

*Nokian Tyres (Finland, Automotive) Status by KSE – leave

NOKIAN TYRES PLC initiates a controlled exit from Russia

https://www.nokiantyres.com/company/news-article/nokian-tyres-plc-initiates-a-controlled-exit-from-russia/ 

*Thales/Gemalto (Thales Group) (France, Electronics) Status by KSE – wait

After the scandal, the French giant Thales will sell its business in Russia.

https://www.unian.ua/world/pislya-skandalu-francuzkiy-gigant-thales-prodast-sviy-biznes-u-rosiji-novini-svitu-11869659.html 

The French Thales Group refused to provide security for Russian banks

https://www.unian.ua/economics/finance/francuzka-thales-group-vidmovilasya-zabezpechuvati-bezpeku-rosiyskih-bankiv-novini-ukrajina-11886609.html

01.07.2022

*Nvidia (USA, IT) Status by KSE – leave

The American company stopped selling and renewing licenses for its software

https://www.kommersant.ru/doc/5436894 

https://www.epravda.com.ua/news/2022/07/1/688745/

*Mitsui & Co (Japan, Conglomerate) Status by KSE – stay

*Mitsubishi Corporation (Japan,Automotive) Status by KSE – stay

Shares of Japan’s Mitsui & Co and Mitsubishi Corporation declined about 5% on Friday as Russia announced plans to set up a new company to take control of the Sakhalin-2 oil and gas project.

https://www.asiafinancial.com/mitsui-mitsubishi-shares-fall-as-russia-takes-over-sakhalin-2

30.06.2022

*Honor (China, Electronics) Status by KSE – wait

The Chinese electronics manufacturer Honor suspended the official supply of devices to the Russian Federation

https://www.epravda.com.ua/news/2022/06/30/688697/  

*Amway  (USA, Consumer goods) Status by KSE – leave

Winding down operations in Russia 29.06.2022, suspended operations 14.03.2022

https://www.amwayglobal.com/newsroom/amway-winding-down-operations-in-russia/ 

*GC Rieber Shipping (Norway, Logistics, Transport) Status by KSE leave

GC Rieber Shipping Exits Russian Market, takes ice-breaking tug out of country, leaves crew transfer vessel in Russia.  GC Rieber Shipping is a Norwegian shipping company that operates offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions.

https://www.hellenicshippingnews.com/gc-rieber-shipping-exits-russian-market/ 

*Baker McKenzie (USA, Consulting, Law) Status by KSE – leave

Moscow partner Vladimir Efremov presented on a panel at the Putin-hosted Conference. 

Plus, “Baker & McKenzie” trademark in Russia is owned by Baker & McKenzie LLP, based in Chicago. While the firm is organized globally as a Swiss verein, this filing indicates the U.S. partnership that is part of the verein continues to allow the Russian firm to operate using the Baker McKenzie name.

https://www.law.com/international-edition/2022/06/29/baker-mckenzie-partner-presents-at-putin-hosted-conference-as-firm-continues-russia-operations-spinoff/?slreturn=20220530072353 

*Bunge (USA, Food & Beverages)  Status by KSE – leave

Bunge denies plans to scale back in Russia and sell its Russian subsidiary. Previously they suspended export from Russia

https://www.agricensus.com/Article/Bunge-denies-plans-to-scale-back-in-Russia-sell-Russian-subsidiary-23050.html

29.06.2022

*CEZ (Czech Republic, Energy, oil and gas) Status by KSE – wait

Czech state-controlled energy company CEZ has signed a contract with US nuclear power technology company Westinghouse and French Framatome for the supply of fuel assemblies for the Temelin Nuclear Power Plant.The contract is part of a shift by nuclear power station operators away from reliance on Russian nuclear fuel supplies.

https://www.bne.eu/czech-energy-company-cez-switches-away-from-russian-nuclear-fuel-248913/?source=czech-republic 

https://www.cez.cz/cs/pro-media/tiskove-zpravy/posilujeme-energetickou-bezpecnost-cr-uzavreli-jsme-smlouvy-na-dodavky-palivovych-souboru-se-spolecnostmi-westinghouse-a-framatome-160155

*Diageo (Great Britain, Food & Beverages) Status by KSE – leave

The company-owner of the brands Smirnoff, Guinness, Baileys and Captain Morgan leaves Russia.

https://news.finance.ua/ua/kompaniya-vlasnyk-brendiv-smirnoff-guinness-baileys-i-captain-morgan-yde-z-rosii 

28.06.2022

*Ponsse PLC (Finland,Automotive) Status by KSE – leave

On 28 June 2022, Ponsse signed the deed of sale, according to which Ponsse’s operations in Russia will transfer to OOO Bison once the conditions of the transaction have been met.

https://www.ponsse.com/ru/web/guest/kompanija/novosti/-/asset_publisher/P4s3zYhpxHUQ/content/ponsse-divests-its-subsidiary-in-russia#/ 

*Whirlpool (USA,Electronics) Status by KSE – leave

The American company Whirlpool sold its Russian assets to the Turkish Arcelik.

https://www.interfax.ru/business/849191 

https://news.obozrevatel.com/ukr/economics/economy/whirlpool-prodala-svoi-aktivi-v-rf-turetskij-kompanii.htm 

*Michelin Tire (France,Automotive) Status by KSE – leave

Michelin announces its intention to transfer its activities in Russia to local management by the end of 2022

After suspending its manufacturing activities in Russia on March 15, Michelin now confirms that it is technically impossible to resume production, due in particular to supply issues, amid a context of general uncertainty.

https://www.michelin.com/en/press-releases/michelin-announces-its-intention-to-transfer-its-activities-in-russia-to-local-management-by-the-end-of-2022/ 

*Kone (Finland, Construction) Status by KSE – leave

The share purchase agreement with local management is subject to approval by the relevant regulatory authorities in Russia and is expected to close during the fourth quarter of 2022. The value of the planned transaction is not disclosed. 

Following the closing of the deal, the business will operate independently under a different brand

https://www.kone.com/en/news-and-insights/releases/kone-divests-its-operations-in-russia-2022-06-28.aspx 

*IHG Hotels & Resorts (Great Britain,Hospitality, Real estate)Status by KSE – leave

We are now in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there. We also closed our corporate office in Moscow.

https://www.ihgplc.com/en/news-and-media/news-releases/2022/ihg-update-on-russia 

*Xbox (Microsoft) (USA, Gaming) Status by KSE – wait

Microsoft has closed its Xbox office in Russia. An official statement on this issue is expected to be published in the coming days – probably on June 30.

https://news.finance.ua/ua/microsoft-zakryla-ofis-xbox-v-rosii 

27.06.2022

*Netflix (USA, Online Services) Status by KSE – leave

The company said it lost 200,000 subscribers in its first quarter, short of its forecast of adding 2.5 million subscribers. Suspending service in Russia after the Ukraine invasion has also cost Netflix 700,000 members.

https://metro.co.uk/2022/06/27/netflix-is-definietly-going-to-start-showing-adverts-exec-confirms-16896753/?preview_id=16896753&_thumbnail_id=16816121?ito=socialmetrouktwitter 

25.06.2022

*Microsoft (USA, IT) Status by KSE wait

Microsoft has revealed plans to completely wind down operations in Russia due to Western sanctions, The Press United reported.

https://www.republicworld.com/world-news/russia-ukraine-crisis/microsoft-announces-plans-to-completely-withdraw-operations-in-russia-over-ukraine-war-articleshow.html 

*Wimbledon (Great Britain, Sport) Status by KSE – leave

Wimbledon’s decision to ban players from Russia and Belarus may not last beyond this year, says All England Lawns Tennis Club CEO Sally Bolton.

https://www.bloomberg.com/news/articles/2022-06-25/wimbledon-ceo-says-russian-player-ban-is-for-this-year-only 

24.06.2022

*Cisco Systems Inc (USA, IT) Status by KSE – leave

June 23 2022 Cisco Systems said Thursday it’s starting to wind down its business operations in Russia and Belarus nearly four months after the networking giant said it was stopping business there for “the foreseeable future” over Russia’s invasion of neighboring Ukraine.

https://www.cisco.com/c/m/en_us/crisissupport.html 

Nike (USA, Consumer goods and clothing) Status by KSE – leave

“Nike has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,” 

https://www.reuters.com/business/exclusive-nike-make-full-exit-russia-2022-06-23/ 

23.06.2022

*Linde (Germany, Chemical industry) Status by KSE – wait

Germany’s Linde may withdraw from a project with Gazprom to build an LNG plant

https://www.epravda.com.ua/news/2022/06/21/688393/

*S Group (Suomen Osuuskauppojen Keskuskunta) (Finland, Hospitality, Real estate) Status by KSE – leave

S Group announced the decision to exit the Russian market on 4.3. 

22,6,2022 S Group says that it will sell 3 hotels to Alexander Ermakov and Yury Shumakov till June 30, 2022 and 16 Prisma supermarkets to X5 Group. 

https://s-ryhma.fi/en/news/sok-sells-hotel-business-in-st-petersburg/BTpgc7zQGyCMYEAGjX3re 

https://s-ryhma.fi/en/news/sok-sells-retail-stores-in-st-petersburg-to-x-5-gr/MPGtccp9RIGS8SfOGXJG4 

*Siemens Mobility (Germany, Logistics, Transport) Status by KSE wait

Siemens’ parent company announced its exit on May 12. Siemens Mobility has already announced the termination of contracts with Russian Railways for the maintenance of Sapsans and a contract worth 1.1 billion euros for the supply of Sapsans. In addition, Russian Railways is suing them – the St. Petersburg Arbitration Court took away equipment for servicing trains in favor of Russian Railways. There is still a joint venture with Sinara for the production of trains.

https://www.rbc.ru/business/16/05/2022/628252e79a79471533a8fc28 

https://www.dp.ru/a/2022/05/25/RZHD_prosit_zapretit_Siem

*Viciunai group (Lithuania, Food & Beverages) Status by KSE wait

Announce that they sell business in Russia but resumed production claiming that it is for the sale’s sake

http://www.viciunaigroup.eu/news/viciunai-group-will-sell-the-entire-package-of-business-in-russia-to-the-selected-buyer 

22.06.2022

Siemens Energy AG (Independent) (Germany, Energy, oil and gas) Status by KSE – wait

Canada Working With Germany on Options to Restore Vital Gas Flow.

Penalties on Russia for invading Ukraine left a turbine needed to help run the Nord Stream pipeline stranded in Canada. Soon after, Russia’s state-run gas giant Gazprom PJSC slashed supplies through the pipeline, the biggest gas link to the European Union, to just 40% of capacity.

https://www.bloomberg.com/news/articles/2022-06-21/canada-working-with-germany-on-options-to-restore-vital-gas-flow

*Philip Morris (USA, Alcohol&Tobacco) Status by KSE wait.

Philip Morris has not been able to find a buyer for its assets in Russia for three months

https://www.rbc.ua/ukr/news/philip-morris-tri-mesyatsa-nayti-pokupatelya-1655893549.html 

*FIFA (Switzerland, Sport) Status by KSE – leave

FIFA extends rules allowing foreigners to suspend employment contracts with Russian clubs till June 30, 2023

https://www.fifa.com/legal/media-releases/fifa-extends-temporary-employment-rules-to-address-issues-relating-to-war-in 

21.06.2022

*Tata Steel (India, Metals and Mining) Status by KSE – leave

India’s top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.

https://www.livemint.com/news/india/tata-steel-bought-75-000-tonnes-of-russian-coal-amid-the-war-11655789851369.html

*Microsoft (USA, IT) KSE status – wait

Windows 10 and Windows 11 downloads blocked in Russia

https://www.bleepingcomputer.com/news/microsoft/windows-10-and-windows-11-downloads-blocked-in-russia/

*Pyxus (USA, Alcohol & Tobacco) Status by KSE – stay

The Morrisville-based tobacco company does tens of millions in sales in Russia, which is facing global economic backlash amid the war in Ukraine. In an annual financial report, Pyxus reported revenue of $57.8 million through direct sales to entities in Russia.

https://spotonnorthcarolina.com/nc-business/2178832/sanctions-jeopardize-pyxus-58m-in-russian.html 

*The International Ski Marathon Federation (Worldloppet) (Estonia, Sport) Status by KSE – leave

18/06/2022 The International Ski Marathon Federation (Worldloppet) banned Russian and Belarusian athletes from its competitions. 

https://www.worldloppet.com/annual-general-meeting-in-mora-with-extensive-decisions/ 

*Idexx Labs (USA, Pharma, Healthcare) Status by KSE – leave

IDEXX has decided to wind down and liquidate our sole Russian subsidiary, as well as its direct Russian operations, starting immediately. These discontinued operations consist of marketing and selling diagnostic products for veterinary clinics in Russia.

https://sec.report/Document/0001564590-22-023240/

20.06.2022

18.06.2022

*BitRiver (Switzerland, IT) Status by KSE – stay

The third largest oil producer in Russia, Gazpromneft, is partnering with Swiss-based bitcoin mining firm BitRiver to build out mining operations located at oil fields according to a memorandum from the St. Petersburg International Economic Forum. BitRiver was previously sanctioned by the U.S. for reportedly assisting Russian avoidance of sanctions. BitRiver provides hosting services and turnkey solutions for large-scale cryptocurrency eco-mining, data management, blockchain and artificial intelligence operations to institutional investors around the world

https://bitcoinmagazine.com/business/gazpromneft-partners-with-bitriver-to-mine-bitcoin

*CERN (Європейська організація з ядерних досліджень),(Switzerland,Energy, oil and gas), Status by KSE – leave

CERN Council declares its intention to terminate cooperation agreements with Russia and Belarus at their expiration dates in 2024

https://home.cern/news/news/cern/cern-council-cooperation-agreements-russia-belarus

*Aramco (Saudi Arabia,Energy, oil and gas) Status by KSE – stay

Saudi Aramco is set to take TotalEnergies’ place in Arctic LNG 2

https://www.upstreamonline.com/exclusive/saudi-aramco-to-take-a-slice-of-arctic-lng-2-pie-after-totalenergies-russia-exit/2-1-1238998

*Enel (Italy, Energy, oil and gas) Status by KSE  – leave.

Italian energy giant Enel leaves Russia – sells assets of Lukoil and Gazprombank fund. Enel sells its entire 56.43% stake in PJSC Enel Russia

https://www.enel.com/media/explore/search-press-releases/press/2022/06/enel-sells-its-entire-5643-stake-in-pjsc-enel-russia-

https://news.finance.ua/ua/italiys-kyy-enerhohihant-enel-yde-z-rf-prodaye-aktyvy-lukoylu-ta-fondu-hazprombanku

17.06.2022

*Google (USA, Online Services) Status by KSE – wait

Google Russia files for bankruptcy

https://www.politico.eu/article/google-russia-goes-bust/

16.06.2022

*Kinross Gold (Canada, Metals and Mining) Status by KSE-  leave

Kinross has completed the sale of Russian assets. Kinross Gold Corporation announced that it has completed the sale of 100% of its Russian assets to Highland Gold Mining. Following the approval and completion of the sale, Kinross has lost all its interests in Russia and has no obligations or obligations in the country.

https://kinross-com.translate.goog/?_x_tr_sch=http&_x_tr_sl=en&_x_tr_tl=uk&_x_tr_hl=uk&_x_tr_pto=sc 

*Game Insights (Lithuania, Gaming) Status by KSE-  leave

Developer and publisher of mobile games Game Insight leaves Russia and fires developers.

https://habr.com/ru/amp/post/671654/ 

*Engie (France, Energy, oil and gas) KSE status – wait

German energy giant Uniper SE said Wednesday it had received 25% less gas than contracted from Russia after Moscow curbed supplies via its biggest pipeline to Europe. Gazprom has cut gas supplies to Italy, state-controlled oil giant Eni SpA said the same day.  

https://www.bloomberg.com/news/articles/2022-06-16/engie-says-gas-deliveries-from-russia-have-been-reduced-l4gp49ry

*Wintershall Dea AG (Germany, Energy, oil and gas) KSE status – wait

BASF subsidiary profits from Germany’s Russian gas addiction

https://www.globalwitness.org/en/campaigns/stop-russian-oil/basf-subsidiary-profits-from-germanys-russian-gas-addiction/

*Wienerberger (Austria,Construction) Status by KSE-  leave

Wienerberger AG said Wednesday that it will sell its Russian operations and exit the country as a result of the war in Ukraine. Local management will take over the business through a buyout, the Austrian brick maker said. The purchase price wasn’t disclosed.

https://www.wienerberger.com/en/media/press-releases/20220615-wienerberger-decides-to-sell-its-operations-in-russia.html 

*Ponsse PLC (Finland,Automotive) Status by KSE-  leave

Ponsse decides to divest its operations in Russia. The signing will be completed in the near future, and it will be announced separately.

https://www.ponsse.com/ru/company/investors/releases/-/asset_publisher/XbANRjhQNz7o/content/ponsse-decides-to-divest-its-operations-in-russia

*Kinross Gold (Canada, Metals and Mining) Status by KSE-  leave

Kinross Gold completed  sale of its Russian assets at half the agreed price.

http://www.kinross.com/news-and-investors/news-releases/press-release-details/2022/Kinross-completes-sale-of-Russian-assets/default.aspx 

*Enel (Italy,Energy, oil and gas) KSE status – wait

Enel is close to a deal to sell its assets in Russia. Enel has two wind farms and three gas-fired power plants in Russia and had announced in March it was exploring options for those assets after Russia’s invasion of Ukraine.

https://www.nasdaq.com/articles/enel-near-deal-to-sell-russian-assets-sees-ukraine-crisis-boosting-renewables-ceo 

*Decathlon (France,Consumer goods and clothing) Status by KSE-  leave

Decathlon suspends stores, claiming its temporary due to logistics problems. They keep employees. At the same time, Decathlon announced in March on the website that in strict compliance with international sanctions, DECATHLON notes that the supply conditions are no longer met to continue its activity in Russia. DECATHLON has to suspend the operation of its stores. In accordance with our commitments, we will continue to support our 2,500 Russian teammates

https://meduza.io/news/2022/06/16/the-moscow-times-magaziny-decathlon-zakroyutsya-v-moskve-v-kontse-iyunya

15.06.2022

*IKEA (Sweden, Consumer goods and clothing) Status by KSE –  leave.

IKEA takes the next step to scale down in Russia and Belarus

https://about.ikea.com/en/newsroom/2022/06/15/ikea-takes-the-next-step-to-scale-down-in-russia-and-belarus 

*Biosphere Corporation (Ukraine, Consumer goods) Status by KSE-  leave 

The production of the brands of Biosphere Corporation in the Russian Federation was to be completely stopped on May 30, and by June 15 all stocks were to be sold and work with these trademarks was to be completely stopped

https://ua.interfax.com.ua/news/economic/839042.html
*Inditex (Spain, Сlothing) Status by KSE –  leave

Russia’s Wildberries selling Zara clothes online despite Inditex halting operations

https://www.rappler.com/business/russia-wildberries-selling-zara-clothes-online-despite-inditex-halting-operations/ 

14.06.2022

*Wikimedia Foundation Inc. (USA, Online Services) Status by KSE –  leave

The Wikimedia Foundation, which owns Wikipedia, has filed an appeal against a Moscow court decision demanding that it remove information related to the Russian invasion of Ukraine, arguing that people have a right to know the facts of the war.

https://www.reuters.com/world/europe/wikipedia-fights-russian-order-remove-ukraine-war-information-2022-06-13/

*Goldman Sachs (USA, Finance and payments) Status by KSE –  leave

*JPMorgan (USA, Finance and payments) Status by KSE –  leave

JPMorgan, Goldman Halt Russian Debt Trading After US Tightens Ban

https://www.bloomberg.com/news/articles/2022-06-13/jpmorgan-goldman-halt-russia-debt-trading-after-us-tightens-ban 

*Oracle (USA, IT) Status by KSE –  leave

Oracle revenue, profit top estimates on cloud boom. Oracle warned of a $100m hit per quarter in fiscal year 2023 as a result of suspending services in Russia.

https://www.rte.ie/news/business/2022/0614/1304686-oracle-quarterly-results/

*Wargaming (Cyprus, Gaming) Status by KSE –  leave

Wargaming opening new studios in Poland and Serbia to reinforce its global operations

https://gameworldobserver.com/2022/06/14/wargaming-opening-new-studios-in-poland-and-serbia-to-reinforce-its-global-operations
*Fortum (Finland, Energy, oil and gas) Status by KSE –  leave

*Uniper (Germany.Energy, oil and gas) Status by KSE –  leave

Fortum to sell Russian power assets by July according to Komersant

https://www.kommersant.ru/doc/5408791

13.06.2022

*Quacquarelli Symonds (QS) (Great Britain, Events, Education) KSE status – wait

QS Ranks Russian Universities, Contrary to Original Plan

https://www.reddit.com/r/QtFramework/comments/tvjf91/qt_open_source_and_russia/

https://www.qs.com/ukraine-crisis/

11.06.2022

*Eutelsat (France,Telecom) Status by KSE – stay

Eutelsat is ready to immediately stop the rebroadcasting of the Russian channels RTR Planeta and Rossiya 24 on its satellites on June 25. It will act as soon as the implementing act is adopted by the Council of the EU. Eutelsat  provides satellite TV to Russia and is reluctant to remove Russian propaganda channels unless there are regulations from EU.

https://www.lemonde.fr/economie/article/2022/05/10/eutelsat-defend-sa-neutralite-dans-la-diffusion-des-chaines-de-television-russes_6125474_3234.html

10.06.2022

*DMG Mori Seiki (Japan, Industrial equipment) Status by KSE – leave

Japanese machine tool manufacturer Mori Seiki has completely stopped doing business in Russia

https://www.asahi.com/articles/ASQ687S46Q68ULFA025.html?iref=comtop_AcsRank_04 

*Mantsinen (Finland,Industrial equipment) Status by KSE – leave

Finland-based material handling equipment maker Mantsinen Group says it is “in the process of divesting our Russian businesses and [is] negotiating the sale of our subsidiaries.”

https://mantsinen.com/2022/06/09/mantsinen-group-sells-its-business-in-russia/

09.06.2022

*Huawei (China, Electronics) Status by KSE – wait

The Chinese company Huawei has started closing its official outlets in Russia

https://www.unian.net/techno/gadgets/kitayskaya-kompaniya-huawei-nachala-zakryvat-svoi-oficialnye-torgovye-tochki-v-rossii-11859264.html?utm_source=telegram&utm_medium=social&utm_campaign=unian_channel

*Match Group (USA, IT) Status by KSE – stay

Match Group defied calls to abandon Russia amid invasion. Now it’s paying

https://www.dallasnews.com/business/local-companies/2022/05/04/match-group-defied-calls-to-abandon-russia-amid-invasion-now-its-paying/

*Microsoft (USA, IT) Status by KSE – wait

Microsoft Slashes Russia Operations After War Clouds Outlook. More than four hundred employees to be affected

https://www.bloomberg.com/news/articles/2022-06-08/microsoft-slashes-russia-operations-after-war-clouds-outlook
https://www.reuters.com/technology/microsoft-cuts-russia-operations-due-ukraine-invasion-bloomberg-2022-06-08/ 

*KPMG  (Netherlands  Consulting, Law) Status by KSE – leave

KPMG Completes Exit From Russia 

https://www.wsj.com/articles/kpmg-completes-exit-from-russia-and-belarus-as-war-on-ukraine-drags-on-11654709541?mod=hp_minor_pos8 

*Volkswagen  (Germany  Automotive) Status by KSE – leave

Volkswagen is offering  6mo pay-offs to employees at Nizhny Novgorod plant in Russia if they agree to quit voluntarily https://www.reuters.com/business/autos-transportation/volkswagen-offers-pay-offs-employees-who-quit-major-russia-plant-paper-2022-06-08/

08.06.2022

*Valmet (Finland, Industrial equipment) Status by KSE – leave

“Valmet will withdraw from Russia completely and will continue to implement the withdrawal in stages as the review of implementation options is fully completed.”

https://gofro.expert/en/news/valmet-hp-curtail-business-in-russia/ 

*Google (USA, Online Services) Status by KSE – wait

Russia has attempted to wall off its internet from the world but appears to recognize the potential backlash from citizens for banning the most popular services. For its part, Google has spoken out against Russia’s actions but also has strategic and moral incentives to remain.

https://edition.cnn.com/2022/06/03/tech/google-russia-youtube/index.html 

*Evonik Industries (Germany, Chemical industry) Status by KSE – stay

A ban on Russian gas would harm Europe and its industry, according to Christian Kullmann, CEO of Evonik Industries AG, Germany’s second biggest chemical manufacturer, on Saturday, June 4th.

At the beginning of March this year, representatives of Evonik Industries AG resigned from the Board of Directors of JSC Don Biotechnology.

https://menafn.com/1104331460/German-business-cautions-against-Russian-gas-ban

https://gorodn.ru/razdel/novosti_kompaniy/konflikty/38269/ 

*IBM  (USA,  IT)  Status by KSE – leave 

IBM winding down Russian operation, laying off employees

https://newsroom.ibm.com/Update-on-IBMs-Business-Operations-in-Russia 

*Japan Bank for International Cooperation (JBIC) (Japan, Finance and payments) Status by KSE – wait

JBIC  (govt bank) has suspended loans to a Russian natural-gas project in Siberia operated by Russian energy company Novatek.

https://www.marketwatch.com/story/japan-govt-bank-extends-halt-of-loans-to-russian-lng-project-271654676014?mod=markets 

*Invesco (USA, Finance and payments) Status by KSE – wait

Invesco  shuts its Russia ETF (exchange traded fund)

https://www.etfstream.com/news/invesco-to-terminate-russia-etf-as-index-and-swap-providers-call-time/

07.06.2022

*Amrest (Poland, Public catering) Status by KSE – wait

Sold Pizza hut franchise to russian company, have other brands

https://www.kommersant.ru/doc/5392616?from=main 

*International Skating Union (Netherlands, Sport) Status by KSE – leave

The International Skating Union (ISU) has agreed to extend the ban of Russian and Belarusian athletes from its competitions until a decision from the Council or Congress to overturn it, but a motion to change its rules on suspending officials failed to secure the supermajority required.

https://www.insidethegames.biz/index.php/articles/1124147/isu-russia-belarus-congress-suspension 

06.06.2022

*Dow Jones & Company (USA, Finance and payments) Status by KSE – wait

Dow Jones has refused to provide Russian banks with data on sanctions. They now face new restrictions and fines

https://forbes.ua/news/dow-jones-vidmovivsya-postachati-rosiyskim-bankam-dani-pro-sanktsii-im-teper-zagrozhuyut-novi-obmezhennya-ta-shtrafi-06062022-6416

04.06.2022

*G-Core Labs (Luxembourg, IT) Status by KSE – leave

G-Core Labs has decided to suspend the provision of services in the Russian Federation.

https://gcorelabs.com/russian/ 

*Marriott (USA, Hospitality, Real estate)  Status by KSE – leave

We have come to the conclusion that the recently announced US, UK and EU restrictions will make it impossible for Marriott or hotel franchising to operate in the Russian market. Therefore, we decided to suspend all Marriott International operations in Russia. The process of suspending operations in the market, where Marriott has been operating for 25 years, is complex.

https://news.marriott.com/news/2022/06/03/marriott-international-statement 

*UniCredit ( Italy,Finance and payments) Status by KSE – leave

UniCredit widens search for buyers to sell out of Russia

https://www.reuters.com/markets/europe/exclusive-unicredit-widens-search-buyers-sell-out-russia-sources-2022-06-03/ 

*Lego (Denmark, Consumer goods and clothing) Status by KSE – leave

Lego stores in Russia shut down after supplies dry up

https://www.reuters.com/business/retail-consumer/lego-stores-russia-shut-down-after-supplies-dry-up-2022-06-03/ 

*British American Tobacco (Great Britain,Alcohol&Tobacco) Status by KSE – leave

What next for BAT shares? Investors eye update on Pall Mall maker’s Russian exit and sales of vaping products

https://www.thisismoney.co.uk/money/investing/article-10882913/Shareholders-eye-update-British-American-Tobaccos-Russian-exit.html

03.06.2022

*Formosa Petrochemical Corp (Taiwan, Energy, oil and gas) Status by KSE – stay

A tanker recently seen at a refinery plant in Mailiao harbor, Yunlin County, belonging to Formosa Petrochemical Corp. (FPCC) was delivering oil products bought from Russia, the company confirmed Thursday.

https://focustaiwan.tw/business/202206020021

*Bristol Myers Squibb (USA, Pharma, Healthcare)Status by KSE – wait

BMS is handing over its Russian commercial operations to its distribution partner Swixx Healthcare, previously known as Amicus, a Bristol spokesperson said over email Wednesday.

https://www.fiercepharma.com/pharma/bristol-severs-russian-ties-good-novartis-plots-resumption-ukraine-business

*HP Enterprise (USA, IT) Status by KSE – leave

HPE announces orderly exit of Russia, Belarus

https://www.hpe.com/us/en/newsroom/statement/2022/06/hpe-announces-intention-for-orderly-exit-of-russia-belarus.html

*McDonald’s (USA,Public catering) Status by KSE – leave

Russia McDonald’s new owner set to reopen, expand.According to Russia’s anti-monopoly service, which approved the takeover, McDonald’s retains the right to buy its Russia restaurants back within 15 years.

https://www.reuters.com/business/retail-consumer/russia-mcdonalds-new-owner-set-reopen-expand-forbes-2022-06-03/

*Allianz (Germany,Finance and payments) Status by KSE – wait

Allianz to sell majority stake in Russian operations to Interholding

https://www.allianz.com/en/press/news/financials/stakes_investments/220603_Allianz-to-sell-majority-stake-in-Russian-operations.html

02.06.2022

*Pixabay (Germany, Online Services) Status by KSE – leave

Free photo bank Pixabay blocked access for users from Russia.

https://www.epravda.com.ua/news/2022/06/2/687729/ 

*VA Tech Wabag (India, Industrial equipment) Status by KSE – stay

VA Tech Wabag NSE -1.44 % said it secured an Engineering and Procurement order worth about €18 million (about Rs 149 crore) from DL E&C CO LTD, Korea, for a water treatment package for the EuroChem Methanol Production facility in Kingisepp, Russia

https://economictimes.indiatimes.com/markets/stocks/news/market-movers-a-jhunjhunwala-owned-company-gets-big-order-from-russia-rhi-magnesita-spikes-10/articleshow/91945722.cms 

*Viciunai group (Lithuania, Food & Beverages) Status by KSE – leave

Business is being sold, leaving Russia.

https://www.viciunaigroup.eu/novosti/viciunai-group-30 

*Oerlikon (Switzerland, Engineering) Status by KSE – leave

The Oerlikon Group said it had entered into an agreement with the local management team to sell all its operations in Russia

https://www.swissinfo.ch/eng/oerlikon-to-sell-russia-business-to-local-owners/47642402

*Upwork (USA,Online Services) Status by KSE – leave

The largest freelance exchange Upwork has blocked the accounts of users from Russia and Belarus

https://www.epravda.com.ua/news/2022/06/2/687731/ 

*Hewlett-Packard (USA, IT) Status by KSE – leave

HP turns back on $1b in annual sales by quitting Russia and Belarus

https://www.theregister.com/2022/06/01/hp_turns_back_1b_in/

01.06.2022

*Canva (Australia, IT) Status by KSE – leave

As we shared in early March, we stand vehemently opposed to the Russian government’s continued acts of aggression, and we’re committed to standing for peace and safety everywhere – which is why we’re blocking access to Canva in Russia for the foreseeable future.

https://www.canva.com/newsroom/news/exiting-russia/

*Gett (Great Britain, Online Services) Status by KSE –  leave

In accordance with the decision of the Gett global office, on May 31, 2022, technical support, improvement and operation of the Gett mobile application in Russia will be terminated. This means that the last day of the Application is May 31, 2022.

https://gett.com/ru/    

https://t.me/zedigital 

*YIT (Finland, Construction) Status by KSE – leave 

YIT withdraws from all operations in Russia by completing the sale of the businesses

https://www.yitgroup.com/en/news-repository/stock-exchange-releases/yit-withdraws-from-all-operations-in-russia-by-completing-the-sale-of-the-businesses 

*Citi (Citigroup) (USA, Finance and payments) Status by KSE – leave

 Citigroup may retain a banking license and some operations in Russia, chief executive Jane Fraser said, even as it tries to sell its consumer and commercial arms in the country following the war with Ukraine.

https://www.ft.com/content/c2d9c16c-5e3d-41d3-aea1-002e06f8cfe1 

*Puma (Germany, Consumer goods and clothing) Status by KSE – leave

Puma taking orders from wholesalers with Russian presence, prior itold it suspended all shipments to Russia

https://www.reuters.com/business/retail-consumer/puma-taking-orders-wholesalers-including-those-with-russian-presence-2022-05-31/ 

*Uniper (Germany, Energy, oil and gas)  Status by KSE – wait
*RWE (Germany Energy, oil and gas)  Status by KSE – wait

German companies Uniper and RWEhave paid for Russian gas under a new scheme proposed by Moscow, in a bid to ensure continued supply of the fuel that is critical to Europe’s top economy

https://www.reuters.com/business/energy/uniper-has-made-first-payment-russian-gas-under-new-scheme-2022-05-31/

31.05.2022

*GasTerra (Netherlands, Energy, oil and gas) Status by KSE – wait

Dutch gas trader GasTerra has decided not to comply with Gazprom’s one-sided payment requirements. These payment requirements are set out in a decree passed by Russian President Vladimir Putin regarding payment for the supply of Russian gas. In response to GasTerra’s decision, Gazprom declared to discontinue supply with effect from 31 May 2022.

https://www.gasterra.nl/en/news/gasterra-will-not-go-along-with-gazproms-payment-demands

Gazprom says it fully cuts off gas supplies to Dutch gas trader GasTerra

https://www.reuters.com/business/energy/gazprom-says-it-fully-cuts-off-gas-supplies-dutch-gas-trader-gasterra-2022-05-31/

*Ørsted (Denmark, Energy, oil and gas) Status by KSE – wait

Ørsted continues to reject demand for payment in roubles – risk of Gazprom Export’s gas supplies to Ørsted being halted.

https://orsted.com/en/media/newsroom/news/2022/05/20220530528511

30.05.2022

*Unipec (China, Logistics, Transport) Status by KSE – stay

Unipec adds 10 vessels to transport crude from Russia

https://www.arabnews.com/node/2091946/business-economy 

*Minor, International Ice Hockey Federation (Switzerland, Sport) Status by KSE – leave

Russia and Belarus barred from 2023 IIHF World Championship

https://www.insidethegames.biz/articles/1123737/russia-belarus-freeze-participation 

*Netflix (USA, online services) Status by KSE – leave

Netflix closes up in Russiа

https://www.broadbandtvnews.com/2022/05/30/netflix-closes-up-in-russia/

28.05.2022

*Wella (Germany, Consumer goods and clothing) Status by KSE – leave.

In Russia, it is reported that the German cosmetics company Wella is leaving the country

https://www.radiosvoboda.org/a/news-rosiya-nimetska-kosmetychna-kompaniya-wella-ide-zmi/31872682.html 

*Nestle (Switzerland, FMCG)  Status by KSE – wait.

“Nestle is not sponsoring the war.” The Swiss company has stated that it will not pay taxes in Russia

https://forbes.ua/news/nestle-ne-sponsorue-viynu-shveytsarska-kompaniya-zayavila-shcho-ne-splachuvatime-podatki-v-rosii-27052022-6263

27.05.2022

DP Eurasia (Netherlands, Public catering) Status by KSE – stay.

DP Eurasia  which runs the Domino’s Pizza brand in Turkey and Russia, said on Thursday its business in Russia remained sustainable despite tensions

https://www.reuters.com/world/middle-east/pizza-company-dp-eurasias-4-month-sales-jump-strong-turkish-demand-2022-05-26/ 

*Cisco Systems Inc (USA, IT) Status by KSE – leave.

Cisco WebEx video conferencing service has stopped serving customers in Russia

https://3dnews.ru/1066767/26-maya-servis-vebinarov-i-vebkonferentsiy-ot-cisco-prekratil-obslugivanie-klientov-iz-rossii 

*Nvidia (USA,IT) Status by KSE – leave.

Nvidia (NVDA) shares took a hit following the graphics card giant’s Q1 earnings on Wednesday, as the chip maker reported lighter than expected revenue projections for Q2. COVID lockdowns in China and Nvidia’s decision to stop selling products in Russia contributed to the revised guidance, CEO Jensen Huang told Yahoo Finance.

https://finance.yahoo.com/news/nvidia-ceo-names-2-big-challenges-after-disappointing-guidance-164258323.html 

*Netflix (USA, Online Services) Status by KSE – leave.

Netflix users from Russia on the night of May 26-27 began to report the complete unavailability of the service without a VPN

https://www.epravda.com.ua/news/2022/05/27/687517/ 

*Huawei (China, Electronics) Status by KSE – wait.

Huawei has not officially left the Russian market, but has stopped supplying equipment and is not responding to inquiries.

https://gagadget.com/uk/business/134146-huawei-ofitsiino-ne-pishla-z-rosiiskogo-rinku-ale-pripinila-postachannia-obladnannia-ta-ne-vidpovidaie-na-zapiti/ 

*Shell  (Great Britain, Energy, oil and gas) Status by KSE – leave.

Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India’s willingness to step into the space left by Western companies following Moscow’s invasion of Ukraine.

https://www.reuters.com/business/energy/exclusive-shell-talks-with-indian-consortium-sell-russian-lng-plant-stake-2022-05-26/ 

26.05.2022

*Equinor (Norway, Energy, oil and gas) Status by KSE – leave.

On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia.

https://www.equinor.com/news/20220525-exits-joint-ventures-russia

*YouTube (USA, Online Services) Status by KSE – wait.

YouTube залишився в Росії, щоб служити джерелом незалежних новин, за словами генерального директора Сьюзен Войчіцкі, яка  виступила  на Всесвітньому економічному форумі в Давосі у вівторок, де вона також розповіла про рішення компанії видалити російські державні ЗМІ з платформи.

https://www.zdnet.com/article/youtube-remains-in-russia-to-be-an-independent-news-source-ceo/  

*REHAU (Switzerland, consumer goods( polymer processing) Status by KSE – leave.

The REHAU Group will sell its business in Russia to the local management and will withdraw completely from the country. 

https://www.rehau.com/group-en/rehau-sells-its-business-in-russia 

*Equinor (Norway, Energy, oil and gas) Status by KSE – leave.

Equinor confirms exit from all Russian joint ventures. Equinor said it has now fully exited all joint ventures in Russia, concluding a process begun in February following the country’s invasion of Ukraine.

https://www.equinor.com/news/20220525-exits-joint-ventures-russia 

*Auchan (France, FMCG)  Status by KSE – stay.

French retailer Auchan does not plan to change its strategy in Russia or the structure of its local operations.

https://www.reuters.com/business/retail-consumer/french-retailer-auchan-does-not-plan-change-its-russia-strategy-2022-05-25/ 

25.05.2022

*Nike (USA, Consumer goods and clothing) Status by KSE – leave.
American sportswear brand Nike has decided to leave the Russian market. The company did not extend the franchise agreement with Inventive Retail Group (IRG), which owns the country’s largest monobrand chain of Nike stores.

https://forbes.ua/news/sportivniy-brend-nike-virishiv-piti-z-rosiyskogo-rinku-postachannya-produktsii-pripineno-25052022-6194  

https://www.nike.com/ru/ 

*Marks & Spencer (Great Britain, FMCG) Status by KSE – leave.

British retailer Marks & Spencer (MKS.L) will pull out of Russia altogether and join rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch.

https://www.reuters.com/business/retail-consumer/britains-ms-warns-outlook-profit-jumps-2022-05-25/ 

*Autogrill (Italy, public catering) Status by KSE – leave.

Italian transport caterer Autogrill is selling its operations in RussiaItalian transport caterer Autogrill is selling its operations in Russia (HMSHost)

https://www.reuters.com/article/ukraine-crisis-autogrill/italys-autogrill-to-sell-its-operations-in-russia-idUKL5N2XG5EA 

*Shell (Great Britain, Energy, oil and gas) Status by KSE – leave.

Shell completes sale of retail and lubricants businesses in Russia

https://www.shell.com/media/news-and-media-releases/2022/shell-completes-sale-of-retail-and-lubricants-businesses-in-russia.html

24.05.2022

*Sulzer (Switzerland, Industrial equipment) Status by KSE – leave.

Sulzer to exit the Russian market/ The sales process will begin with immediate effect and follows Sulzer’s announcement earlier in the year that it had already significantly reduced business activities in Russia.

https://www.sulzer.com/en/shared/news/220524-sulzer-to-exit-the-russian-market 

*Coinbase (USA, Finance and payments) Status by KSE – wait.

The Coinbase cryptocurrency exchange restricts Russian users’ access to accounts.

https://news.finance.ua/ua/kryptobirzha-coinbase-blokuye-rahunky-rosiyan

23.05.2022

*Levi Strauss (Levi Strauss & Co) (USA, Consumer goods and clothing) Status by KSE – leave.

The Levi Strauss & Co denim chain has decided to leave the Russian market after 29 years of operation: the company has stopped supplying goods and is looking for buyers for the retail business.

https://www.epravda.com.ua/news/2022/05/23/687330/ 

*Starbucks (USA, Food & Beverages) Status by KSE – leave.

The world’s largest chain of coffee shops Starbucks announced on Monday that it will leave the Russian market after almost 15 years of operation.

https://www.reuters.com/business/retail-consumer/starbucks-liquidate-russian-entity-sota-vision-cites-source-2022-05-23/ 

20.05.2022

*Marugame Seimen (Japan, Food & Beverages) Status by KSE – leave

Marugame Seimen udon chain operator says has ended franchises in Moscow operating against orders.

https://japannews.yomiuri.co.jp/business/companies/20220520-30190/  

*Kelly Services (USA, Industry Professional services)  Status by KSE – leave

International recruitment agency Kelly Services sells business in Russia and leaves the market

https://news.finance.ua/ua/mizhnarodna-kadrova-ahenciya-kelly-services-prodaye-biznes-u-rf-i-yde-z-rynku 

*Zurich Insurance (Switzerland, Insurance) Status by KSE – leave

Zurich Insurance Group (Zurich) has agreed to sell its business in Russia to 11 members of the unit’s team. Under its new owners, the business will operate independently under a different brand, while Zurich will no longer conduct business operations in Russia

https://www.zurich.com/en/media/news-releases/2022/2022-0520-01 

*LPP (Poland, Consumer goods and clothing) Status by KSE – leave

Polish retailer and clothing manufacturer LPP SA, which owns the brands Reserved, Cropp, House, Mohito and Sinsay, has decided to sell its Russian business to a Chinese consortium.

https://news.finance.ua/ua/vlasnyk-brendiv-reserved-cropp-i-sinsay-vyrishyv-prodaty-biznes-u-rosii-kytays-komu-konsorciumu 

19.05.2022

*Avolon (Ireland, Aircraft industry) Status by KSE – wait

Aircraft leasing firm Avolon recorded a first quarter loss of $182m as a result of its inability to reclaim aircraft it owns that were in Russia when it invaded Ukraine.

https://www.rte.ie/news/business/2022/0503/1295852-avolon-records-182m-loss-due-to-russia-writedown/  

*Alphabet (Google) (USA, Online Services) Status by KSE – leave

Google is terminating its commercial presence in Russia. Some employees of the company wanted to leave the company and stay in Russia. However, in the near future Google will no longer have employees in Russia.

https://www.wsj.com/articles/google-subsidiary-in-russia-to-file-for-bankruptcy-11652876597 

*Bristol-Myers Squibb (BMS) (USA, Pharma, Healthcare) Status by KSE – leave

On May 18, the American pharmaceutical company Bristol-Myers Squibb (BMS) began the process of transferring Russian business to its partner in Central and Eastern Europe, Swixx BioPharma.

https://www.epravda.com.ua/news/2022/05/19/687205/ 

*ONGC (India, Energy, Oil and Gas) Status by KSE – stay

India’s ONGC looking to buy additional stakes in Russian oil assets

https://www.offshore-technology.com/news/ongc-stakes-russian-oil/ 

*Societe Generale (France, Finance and Payments) Status by KSE – leave

Societe Generale has closed the sale of rosbank and its russian insurance subsidiaries https://www.societegenerale.com/en/news/press-release/closing-sale-rosbank-and-its-subsidiaries 

*Arla Foods (Denmark, Food & Beverages) Status by KSE – leave

Arla quits Russia, selling business to management

The Danish firm announced it was suspending its business in Russia in early March.

https://www.just-food.com/special-focus/ukraine-crisis/arla-quits-russia-selling-business-to-management/ 

*International Basketball Federation (FIBA) (Switzerland, Sport) Status by KSE – leave

No FIBA Official Basketball Competitions are to be held in Russia or Belarus until further notice.

Teams from the RBF and the BBF are to be withdrawn from the following FIBA National Team Competitions 

https://www.fiba.basketball/news/fiba-decisions-on-russia-and-belarus-for-upcoming-competitions

18.05.2022

*Canva  (Australia, IT)  Status by KSE – wait
Australian tech company Canva continues operating in Russia in face of Ukrainian outrage. Canva’s head of communications, Lachlan Andrews, said the company suspended payments to and from Russia on 1 March. “The free version of Canva remains available in Russia along with a prominent banner displaying our opposition to the war and directing users to our pro-peace and anti-war templates,” he said.

https://www.theguardian.com/australia-news/2022/may/18/australian-tech-company-canva-continues-operating-in-russia-in-face-of-ukrainian-outrage?CMP=share_btn_tw 

*Allianz SE (Germany, Insurance) Status by KSE – wait

Allianz SE has refuted recent media reports that the insurer would fully exit the Russian insurance market.

https://www.businessinsurance.com/article/20220517/STORY/912349962/Allianz-denies-media-reports-over-its-Russian-exit

17.05.2022

*Gett (Great Britain, Online Services) Status by KSE – wait

Gett taxi service announced that it will stop supporting and ensuring the functioning of the mobile application for drivers from the Russian Federation from June 1.

https://www.epravda.com.ua/rus/news/2022/05/16/687101/ 

*Home Credit (Czech Republic, Finance and payments) Status by KSE – leave

Home Credit will leave the Russian market, and the Kazakh bank of the investment group will also be sold.

https://www.ppf.eu/en/press-release/ppf-and-home-credit-announce-agreement-to-sell-their-russian-banking-assets-to-a 

*Samsung Heavy Industries (South Korea, Industrial equipment) Status by KSE – stay

Samsung Heavy Industries plans to move forward with the construction of three more ice-breaking LNG carrier hulls for Russia

The specialised vessels needed to ship the fuel from its vast projects in the frozen north, from some of the planet’s richest gasfields. Moscow also aims to start year-round cargo shipments along the “Northern Sea Route”, which connects East Asia with Europe via the Bering Strait between Russia and Alaska, within the next couple of years.

EU banning exports of vessels, marine systems or equipment to Russia for most purposes,

https://www.maritime-executive.com/article/samsung-heavy-industries-completes-delivery-of-tanker-to-sovcomflot 

https://www.tradewindsnews.com/gas/samsung-heavy-to-press-ahead-with-three-lng-hulls-for-russian-yard/2-1-1219219 

*Flugger (Denmark, Manufacturing) Status by KSE – wait 

The Danish paint maker said on April 8 it had initiated the sale of its Russian and Belarusian companies. The operations of the companies in Russia and Belarus will continue until the sale is completed, to secure our local employees and to avoid nationalization of the company.

https://www.flugger.com/en/news/sale-of-Russian-and-Belarusian-companies/

16.05.2022

*Aramco (Saudi Arabia,Energy, oil and gas) Status by KSE – stay

Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices. Aramco, said its quarterly profit swelled to $39.5 billion in the quarter, a period during which Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, continued to rebuff U.S. requests to pump more oil to help tame surging crude prices, instead sticking by an agreement with Russia to only marginally increase output.

https://www.wsj.com/articles/saudi-aramco-posts-record-quarterly-profit-on-surging-oil-prices-11652608615  

*McDonald’s (USA, Public catering) Status by KSE – leave

On May 16 McDonald’s announced that they will start to seek buyers for its Russian store network (sub-status was changed from suspension to withdrawal).

https://www.bloomberg.com/news/articles/2022-05-16/mcdonald-s-to-leave-russia-take-write-off-of-up-to-1-4-billion

Update On May 19: McDonald’s Corp. has agreed to sell its Russian business to existing licensee Alexander Govor after saying days earlier it will exit the Russian market.

https://www.marketwatch.com/story/mcdonald-s-to-sell-russian-business-to-licensee-271652963219?mod=investing 

*Harrods (Great Britain, Luxury) Status by KSE – wait
Harrods  will not supply Russian clients with “luxury goods” > £300. 

https://www.thefashionlaw.com/harrods-is-the-latest-to-screen-luxury-sales-in-wake-of-russia-sanctions/ 

*Authentic Brands Group – Reebok (USA, Sport) Status by KSE – leave

Reebok sold stores in Russia. The Reebok sporting goods division, a brand of the American company Authentic Brands Group (ABG), has ceased operations in the Russian Federation – a network of more than 100 outlets was sold to the Turkish holding FLO Retailing.

https://www.rbc.ua/ukr/news/reebok-prodal-magaziny-rf-1652675828.html 

*Renault (France Automotive) Status by KSE – leave

Russia’s Renault assets become state property of Russia: Lada and Moskvichi will be produced

https://t.me/minpromtorg_ru/279  

*Stora Enso (Finland, Consumer goods and clothing) Status by KSE – leave
Stora Enso  has divested its three corrugated packaging plants in Russia. The Company’s Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management.

https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2022/5/stora-enso-divests-its-packaging-operations-in-russia  

*Atria (Finland, Food & Beverages) Status by KSE – leave

Atria sold its fast food business in Russia 

https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4104645&lang=en-GB&companycode=sf-atr&v= 

*UniCredit (Italy,Finance and payments) Status by KSE – stay

UniCredit, Citi consider swapping assets with Russian institutions

https://www.reuters.com/business/finance/unicredit-citi-consider-swapping-assets-with-russian-institutions-ft-2022-05-15/

14.05.2022

* NIOC (IRAN, Energy, oil and gas). Status by KSE – stay

National Iranian Oil Company (NIOC) and Russia’s Gazprom Company agreed to strengthen cooperation in relevant fields

https://en.mehrnews.com/news/186748/Iran-s-NIOC-Russia-s-Gazprom-agree-to-enhance-cooperation 

*International Paper (USA, Consumer goods and clothing). Status by KSE – leave

The American company Sylvamo Corporation, which produces paper under the SvetoCopy brand, is leaving Russia. The company also intends to sell its main asset in Russia – Svetlogorsk Pulp and Paper Mill, located in the Leningrad region.

https://www.rbc.ua/ukr/news/prodaet-zavod-prekrashchaet-import-rossii-1652497639.htm 

*French Open (France, Sport). Status by KSE – wait
Russian and Belarusian players will be allowed to compete at the French Open individually not as country teams, but underlined that any kind of Vladimir Putin will be sanctioned.
https://www.tennisworldusa.org/tennis/news/ATP_Tennis/113894/french-open-warns-russian-players-show-vladimir-putin-support-you-ll-face-sanction/

13.05.2022

*Arrival (Great Britain, Automotive). Status by KSE – wait
The company had been in the process of shifting its operations out of Russia since Ukraine was invaded at the end of February. Elvidge said the company had “a team” in Russia, which deal with software.

https://www.ft.com/content/b2169723-84ce-48c1-82c8-8a011d08a888 

*Eni (Italy, Energy, oil and gas). Status by KSE – leave

Italian energy company Eni intends to pay Gazprom for gas supplies in May, even if the initial payment in euros is converted into rubles. The holding’s lawyers are also conducting legal work in preparation for opening ruble accounts to pay for gas.

https://www.bloomberg.com/news/articles/2022-05-12/italy-s-eni-set-to-make-gazprom-payment-due-by-the-end-of-may

 *Électricité de France (France, Energy, oil and gas). Status by KSE – wait
War in Ukraine. Due to events, the activities of EDF’s office in Moscow have been suspended

https://www.edf.fr/en/the-edf-group/war-in-ukraine

* LyondellBasell (Netherlands, Chemical industry). Status by KSE – wait
Olefins and polyolefins giant LyondellBasell has become the latest multinational chemical company to announce plans to pull out of Russia partly or altogether.

https://www.linkedin.com/feed/update/urn:li:activity:6930368696326479872 

*Eutelsat (France, Telecom). Status by KSE – stay
Eutelsat defends its broadcasting on Russian TV channels. Eutelsat is always neutral and respects the decisions of the regulators on which it depends. At this stage, no regulator or other competent body has asked us to stop broadcasting NTV-Plus and Tricolor in Russia.

https://www.lemonde.fr/economie/article/2022/05/10/eutelsat-defend-sa-neutralite-dans-la-diffusion-des-chaines-de-television-russes_6125474_3234.html

*Raisio plc’s (Finland, Food&Beverages). Status by KSE – leave
consumer business in Russia transferred to the new owner https://www.raisio.com/en/newsroom/?article-id=A7EFD6CFD4DC98C3#feed 

*Allianz (Germany, Finance and payments). Status by KSE – wait
Allianz which has already stopped accepting new business in Russia, will probably fully exit the country “I would define the likelihood as very high,” Chief Financial Officer Giulio Terzariol told reporters when asked about the chances of closing its operations there. https://www.reuters.com/business/finance/allianz-sticks-full-year-operating-profit-target-2022-05-12/ 

*Daiichi Sankyo (Japan, Pharma, Healthcare). Status by KSE – wait
  Daiichi Sankyo has halted sales of some of its drugs to local distributors in Russia (scaling back)

https://asia.nikkei.com/Business/Pharmaceuticals/Japanese-drugmakers-reduce-Russia-business-in-wake-of-Ukraine-war 

*Eiken Chemical (Japan, Pharma, Healthcare). Status by KSE – wait
Has tentatively stopped supplying reagents used in blood tests for cancer. https://asia.nikkei.com/Business/Pharmaceuticals/Japanese-drugmakers-reduce-Russia-business-in-wake-of-Ukraine-war 

*Kelly (USA, Consulting, Law). Status by KSE – leave
Exploring plans to exit Russia, project-based employees in Russia can continue their employment after the transition 

https://www.kellyservices.com/global/about-us/news-center/news-releases/kelly/2022/kelly-statement-on-transitioning-operations-in-russia/

12.05.2022

*Rapaport Group (Belgium, Luxury). Status by KSE – leave
RapNet,the world’s largest diamond trading network with daily listings of 1.8 million diamonds valued at $8.7 billion, has banned Russian diamonds from its network.

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=68677&ArticleTitle=Rapaport%2bBans%2bRussian%2bDiamonds 

*Siemens (Germany,  Industry Conglomerate). Status by KSE – wait
Siemens will leave the Russian market as a result of the war in Ukraine. The company has begun the procedure for terminating its production activities and all production activities.

https://press.siemens.com/global/en/news/statement-war-ukraine-and-situation-russia 

*Fortum (Finland, Energy, oil and gas). Status by KSE – wait
In addition to the previously announced investment and financing freeze in our Russian subsidiaries, we have decided to pursue a controlled exit from the Russian market. As the preferred path, this decision includes a potential divestment of Fortum’s Russian operations. The divestment process for Uniper’s Russian subsidiary Unipro is also expected to be resumed as soon as possible.
https://www.fortum.com/media/2022/05/fortums-january-march-2022-interim-report-operating-results-down-fortum-prepares-controlled-exit-russia-and-takes-action-provide-security-supply-europe  

*Shell (Great Britain, Energy, oil and gas). Status by KSE – leave
Shell sells business in Russia to Lukoil. These are 411 gas stations and a plant for the production of lubricants

https://www.shell.com/media/news-and-media-releases/2022/shell-signs-agreement-to-sell-retail-and-lubricants-businesses-in-russia.html 

*UniCredit (Italy, Finance and payments). Status by KSE – stay
One of the largest Italian banks, UniCredit, has begun preliminary negotiations to sell its Russian subsidiary after appealing to interested buyers. This was reported by Bloomberg with reference to the interlocutors.

https://news.finance.ua/ua/unicredit-rozpochav-perehovory-pro-prodazh-rosiys-koi-dochky-zmi 

*SYLVAMO (USA, FMCG). Status by KSE – leave
We have made the decision to exit Russia. We will do so in an orderly manner and are conducting a process to sell our Russian business. We are working to reach an agreement and plan to complete this process promptly, including obtaining approval from our board, as well as the required government approvals to execute a transaction

https://www.businesswire.com/news/home/20220511005221/en/Sylvamo-Releases-First-Quarter-2022-Results.

*Coca-Cola HBC AG (Switzerland, FMCG). Status by KSE – wait
we are working in close alignment with The Coca-Cola Company on the implementation of the decision to suspend its business in Russia. We can confirm that as of 8th of March we stopped placing orders for concentrate in Russia and ceased investments in the market. As per our announcement on 3rd of March, our guidance for the current financial year remains withdrawn.

https://www.coca-colahellenic.com/en/media/news/financial_news/2022/first-quarter-2022-trading-update

11.05.2022

*VNG – Verbundnetz Gas (Germany, Energy, oil and gas). Status by KSE – stay
Germany’s VNG will transfer euro payments for Russian gas to Gazprombank in the future and expects no problems during a conversion to roubles.

https://www.euronews.com/2022/05/10/ukraine-crisis-vng-verbundnetz-gas

*Nurminen Logistics (Finland, Logistics, Transport). Status by KSE –  leave

Finnish railway operator Nurminen Logistics has launched a route to China bypassing Russia. The route starts in China and runs through Kazakhstan, Azerbaijan, Georgia and Romania to Central Europe. This was reported by the press service of Nurminen Logistics.

https://www.unian.ua/economics/transport/viyna-v-ukrajini-finskiy-zaliznichniy-operator-postaviv-hrest-na-rosiji-novini-ukrajina-11821044.html

https://nurminenlogistics.com/newsroom/nurminen-logistics-new-southern-trans-caspian-route-meets-strong-market-demand/

*IKEA (Sweden, Consumer goods and clothing). Status by KSE – leave

Trade giant IKEA has extended the pay of almost 15,000 employees in Russia until August. This was stated in an interview with Reuters by the head of the company Tolga Onju.

https://news.finance.ua/ua/ikea-prodovzhyt-vyplachuvaty-zarplatu-15-tysyacham-pracivnykiv-u-rf-do-serpnya

*Emirates (United Arab Emirates, Air transportation). Status by KSE – stay
The CEO of Emirates protects the airline company’s choice to proceed flying to Russia in the middle of the battle, claims it’s ‘linking individuals’ “It’s a federal government choice. We place’t obtained any kind of guideline truly to quit trips there,” ” Sheikh Ahmed container Saeed Al Maktoum informed CNBC. The Dubai federal government possesses Emirates.Emirates is just one of minority.

https://ajansev.com/2022/05/11/the-ceo-of-emirates-defends-the-airlines-decision-to-continue-flying-to-russia-amid-the-war-says-its-connecting-people/

More details on daily basis:

KSE Telegram bot on news monitoring @exit_ru_bot 

Twitter of SelfSanctions project

 

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