Ukraine – Russia: reaction from the market. International companies that have stopped their activities in Russia

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Article publication date: 09/03/2022
Last update: 22/03/2022

List of foreign companies and organizations that have suspended their work or left the Russian market

News updates – versione italiana

It is becoming more and more difficult, each passing day, to keep track of all the sanctions and decisions related to Russia’s military actions in Ukraine.

Some decisions of world leading companies management turned out to be hasty and were later changed, either because of the negative reaction of loyal customers all over the world, or because of the Russian government latest declarations. Indeed, it was declared that foreign companies leaving the market will be subjected to external management, or will be auctioned or even nationalized, meaning they will become the property of the Russian Federation (please find details in the article “Risk of nationalization of foreign companies in Russia” Rischio di nazionalizzazione di aziende estere in Russia).
The list of goods imported into Russia and which cannot be exported from Russia until 31/12/2022, published on 10/03/2022 as an annex to Putin’s decree of 08/03/2022, includes customs codes covering all machinery, equipment and other high-technology products essential in production processes. Even this decision leaves foreign companies unarmed: not only do they risk nationalization, but they cannot even withdraw taking valuable goods with them.

Thus, the list of foreign companies that have sanctioned Russia is constantly evolving

Which companies stopped cooperating with Russia or banned access to their products after the start of the military operation in Ukraine?

Automotive industry

Export of machines or components suspended

  • Audi
  • General Motors
  • Harley-Davidson
  • Honda (sales closed)
  • Infiniti
  • Iveco
  • Jaguar Land Rover
  • Porsche
  • Rolls-Royce
  • Scania
  • Skoda
  • Stellantis
  • Volvo Group
  • Yamaha Motor Co.

Bicycle manufacturers:

  • Colnago
  • Giant
  • Merrida
  • Scott
  • Trek

Train manufacturers

  • Alstom

Stop production in Russia

  • BMW Group
  • Ferrari
  • Ford
  • Hyundai
  • Lamborghini
  • MAN
  • Mercedes-Benz
  • Renault
  • Volkswagen
  • Nissan
  • Daimler Truck (cooperation with Kamaz suspended)

Refused maintenance to Russian airlines

  • Airbus
  • Boeing

Retail companies

Suspended activities in Russia:

  • Adidas (suspended cooperation with the Football Federation of Russia)
  • Cartier
  • Chanel
  • Crocs
  • Estée Lauder (MAC Cosmetics, Clinique, DKNY)
  • H&M
  • Helly Hansen (online sales suspended)
  • Herbalife Nutrition
  • Hugo Boss
  • IKEA
  • Inditex (Zara, Massimo Dutti, Bershka, Oysho, Pull & Bear, Stradivarius)
  • Imperial Brands
  • Jysk
  • Kering (Gucci, Balenciaga, Yves Saint Laurent)
  • L’Oreal (temporary closure of shops)
  • Louis Vuitton Moet Hennessy
  • Levi Strauss&C
  • Mango
  • Mothercare
  • OBI
  • Pandora
  • Prada
  • Prisma
  • Puma
  • Reserved (online sales suspended)
  • Sephora
  • Uniqlo
  • Vans
  • Victoria’s Secret

Suspension of investments in Russia

  • Henkel
  • Oriflame
  • Philip Morris (decreasing production)
  • Procter & Gamble (excluding personal hygiene products)

Stopping goods delivery to Russia

  • Amazon
  • ASOS
  • eBay
  • Mr Porter
  • Net-a-Porter
  • Nike (online sales suspended)
  • Yoox
  • iHerb

Suspended the supply of products

  • British American Tobacco
  • Colgate-Palmolive (except for daily use goods)
  • Hermes
  • Karl Lagerfeld
  • Lego
  • Lush
  • Rolex
  • Shiseido
  • Unilever (Dove, Axe, Rexona, Domestos)

Finance

Cryptocurrency exchanges that limited work with Russian users

  • BTC-Alpha
  • Binance
  • Coinbase

Payment systems and services that have suspended cooperation with banks subject to sanctions

  • American Express
  • Apple Pay
  • MasterCard
  • SWIFT
  • Visa

Problems with payments

  • Google Pay
  • Samsung Pay

Work on standby in Russia

  • Commerzbank
  • JCB
  • JP Morgan Chase
  • PayPal
  • Goldman Sachs Group Inc.
  • Western Union

Business consultants and services

  • EY
  • KPMG
  • PricewaterhouseCoopers (PwC)
  • Accenture
  • BCG
  • McKinsey
  • Deloitte
  • Knight Frank (suspended financial transactions)

Insurance companies

  • Allianz SE will suspend new business insurance and investments

IT companies

Supplies suspended

  • AMD
  • Adobe (sales of new products and services suspended)
  • Apple (online sales suspended)
  • Autodesk
  • Cisco Systems Inc.
  • Dell (sales suspended)
  • Ericsson
  • Intel
  • Nvidia
  • Nokia
  • Qualcomm (stopped selling)
  • Samsung
  • Siemens
  • Sony (PlayStation e software)
  • Taiwan Semiconductor Manufacturing Company

Activities suspended

  • Avast
  • Cogent
  • EPAM
  • Hitachi
  • HomaGames
  • IBM
  • JetBrains
  • Lumen
  • Microsoft
  • Miro
  • NortonLifeLock Inc.
  • Oracle Corp
  • Panasonic
  • SAP
war russia oil and gas

Industrial sector, energy, oil & gas

  • BP (British Petroleum)
  • Eni (new contracts suspended)
  • Equinor
  • Exxon Mobil
  • Fortum (new investment projects suspended)
  • Rio Tinto
  • Shell

OMV (new investment projects suspended)

Suspension of supplies to the Russian market

  • Bosch (suspended the supply of spare parts)
  • Bridgestone
  • Epson
  • Kone
  • Mitsubishi Electric
  • Xerox

Suspended activities

  • Caterpillar
  • Continental
  • General Electric (except medical equipment)
  • Kinross Gold
  • Komatsu
  • Michelin
  • Ricoh
  • UPM

Stopped investing

  • Baker Hughes
  • Halliburton
  • Pirelli
  • Schneider Electric
  • Schlumberge
  • Weatherford

Pharmaceutical companies

Stopped investing

  • Bayer
  • Eli Lilly and Co.
  • Merck (MSD)
  • Novartis
  • Pfizer

Suspended deliveries

  • AbbVie

Logistics and transport

Post and logistics companies that have suspended the receipt and dispatch of parcels

  • DHL
  • FedEx
  • Kuehne & Nagel Group
  • UPS

The following shipping lines do not accept bookings

  • CMA CGM
  • Hapag-Lloyd
  • HMM (Hyundai Merchant Marine)
  • Maersk
  • Mediterranean Shipping Company
  • Shipco
  • Yang Ming

Film production

Cancelled distribution

  • Paramount
  • The Walt Disney Company
  • Universal Pictures
  • Warner Bros.

Service and work in Russia suspended

  • Amazon Prime Video
  • BBC Studios
  • Discovery Inc.
  • Netflix
  • Megogo
  • Sony Pictures
  • WarnerMedia (stopped licensing new content)

Online services

The following companies and services have stopped accepting payments and are refusing purchase requests

  • Nintendo
  • PlayStation Store
  • Steam
  • EA Sports (removed Russian teams from video games)

Access partially restricted

  • Google, Google Play(advertising sales suspended)
  • Facebook (the owner of the social network Meta is recognized as an extremist organization by the Russian Federation)
  • Instagram (the owner of the social network Meta is recognized as an extremist organization by the Russian Federation)
  • Spotify (subscription payment problems)
  • TikTok
  • Twitch (suspended payroll)
  • VMware (customer support suspended)
  • YouTube

Work in Russia suspended

  • Airbnb
  • All Right
  • Badoo
  • Booking
  • Bumble
  • Coursera
  • Depositphotos
  • Feeld
  • GSC Game World
  • Pearson
  • Slack
  • Storytel

Sales suspended

  • Activision Blizzard
  • Electronic Arts
  • Niantic
  • Rockstar Games
  • Ubisoft
  • Upwork
  • Supercell
  • Figma
  • BlaBlaCar (investment suspended)

Food and catering

Work on standby

  • Сoca-Cola
  • McDonald’s
  • Ninja Sushi
  • Paulig
  • PepsiCo (stop advertising and investments)
  • Starbucks
  • Valio

Investment projects suspended

  • Danone
  • Carlsberg
  • Mars Inc. (supplies suspended)
  • Mondelez International (Oreo, Alpen Gold, Milka)
  • Nestle
  • Yum! Brands (KFC, Pizza Hut. Suspended the work of 70 KFC restaurants)

Suspended business support

  • Burger King
  • DP Eurasia N.V. (Domino’s Pizza)
  • Papa John`s

Export stopped

  • Brown-Forman (Jack Daniel’s, Finlandia)
  • Diageo (Johnnie Walker, Captain Morgan, Guinness)
  • Fazer
  • Fonterra
  • Lindt & Sprungl
  • Pernod Ricard (Chivas Regal, Jameson)
  • Plzensky Prazdroj
  • Staropramen
  • Budejovicky Budvar
  • Bernard
  • Heineken

Media

Work in Russia on standby

  • ABC
  • BBC
  • Bloomberg
  • CBC
  • CBS
  • CNN
  • Conde Nast (Vogue, GQ, Glamour, Tatler)
  • Hearst (exits Russian businesses)

Art and science

Russia was excluded from participation in:

  • Mobile World Congress
  • Eurovision
  • Cannes festival
  • IELTS

Massachusetts Institute of Technology has ended its collaboration with Skolkovo Institute of Science and Technology

Sport

Russian athletes banned from participating in tournaments

  • World Softball Confederation
  • International Ski Federation
  • International Badminton Federation
  • FIBA International Basketball Federation
  • International Volleyball Federation
  • International Athletics Federation
  • International Rugby Federation
  • International Skating Union
  • International Field Hockey Federation
  • Association of European Leagues
  • International Tennis Federation
  • International Paralympic Committee
  • International Gymnastics Federation
  • International Biathlon Federation
  • International Golf Federation
  • Weightlifting Federation
  • Special Olympics
  • FIFA
  • UEFA

Matches moved from Russia

  • World Chess Olympics
  • Formula 1 Grand Prix
  • Men’s Volleyball World Cup
  • Association of Tennis Professionals Tournament
  • Champions League Final
  • European Curling Championship
  • European Shooting Championship
  • NHL – relations broken with Russian contractors

Construction sites

Activities in Russia suspended

  • YIT

Architects

  • Herzog & de Meuron
  • Zaha Hadid Architects
  • David Chipperfield Architects
  • MVRDV

Space

OneWeb:suspends launches from Baikonur.

Other organisations

Work suspended in Russia

  • Fitch
  • Linklaters
  • Michelin
  • Moody’s
  • S&P Global Ratings
  • Holding WPP

Record companies

  • Sony Music Group
  • Universal Music
  • Warner Music Group

Business development interrupted

  • Hilton
  • Hyatt
  • Marriot

We hope the situation will soon be resolved!

Keep following our updates.

Fonte: Kommersant

Foreign companies left Russia aziende estere sanzioni Russia
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