109 European Brands Continue Business-as-Usual in Russia

Since the invasion of Ukraine began, over 1,000 companies have publicly announced their voluntary reduction of operations in Russia, surpassing the minimum mandates of international sanctions. While some companies have declared a complete exit, shutting down their Russian operations, others have merely suspended their business activities or halted planned investments.

A select few continue to operate as usual.

From the beginning of the conflict in Ukraine, Jeffrey Sonnenfeld, a professor at the Yale University Executive Institute, together with a group of experts and students, has been tracking companies that were and are engaged in business within Russia.

Their research has been compiled into a comprehensive list that is updated daily, aiming to provide information as close to real-time as possible.

The list is divided into 5 sections:

1. Companies that continue their activities in Russia without restrictions.

2. Companies that continue their activities in Russia but do not invest in development.

3. Companies that have reduced their activities.

4. Companies that have suspended their activities.

5. Companies that have or are ceasing their activities in Russia.

The 109 European Companies that Continue Business as Usual in Russia

According to the list, the following companies are continuing their business-as-usual in Russia:

1. Agrana – Austria

2. Air Serbia – Serbia

3. Alpina Žiri – Slovenia

4. Alumil – Greece

5. Anadolu Efes – Turkey

6. Antal – United Kingdom

7. AnyDesk Software – Germany

8. Ariston Group – Italy

9. Auchan-Retail – France

10. AUMA Riester GmbH & Co – Germany

11. B. Braun – Germany

12. Babolat – France

13. Benetton – Italy

14. Boggi – Italy

15. BPW – Germany

16. BT Group – United Kingdom

17. Buzzi Unicem – Italy

18. Calzedonia – Italy

19. Camille Albane – France

20. Chipita – Greece

21. CLAAS – Germany

22. Clarins – France

23. CLINTON – Germany

24. Coface – France

25. Colin’s – Turkey

26. Corendon Airlines – Turkey

27. Cremonini Group – Italy

28. De Cecco – Italy

29. Deep in Russia – Belgium

30. Dessange International – France

31. Diesel – Italy

32. Dinex A/S – Denmark

33. Doka – Austria

34. Duol – Slovenia

35. Egger – Austria

36. ElvalHalcor – Greece

37. EMS-Chemie – Switzerland

38. Etam – France

39. Fenzi Group – Italy

40. Fondital – Italy

41. Foraco – France

42. Fresenius – Germany

43. Frigoglass – Greece

44. FS Mackenzie – United Kingdom

45. Geoplin – Slovenia

46. Globus – Germany

47. Groupe Le Duff – France

48. Groupe Savencia – France

49. Grupo Borges | ITLV – Spain

50. Grupo Fuertes – Spain

51. Heidenhain – Germany

52. Heliski Russia – France

53. Herend – Hungary

54. Hoffmann Group – Germany

55. Ideal Molde – Portugal

56. Jean Cacharel – France

57. Kleemann – Greece

58. Kotanyi – Austria

59. Koton – Turkey

60. Krka – Slovenia

61. La Redoute – France

62. Lacoste – France

63. LACTALIS – France

64. Lemken – Germany

65. Letique Cosmetics – Latvia

66. Liebherr – Switzerland

67. LiSEC – Austria

68. Luka Koper – Slovenia

69. Maxam – Spain

70. Mod’s Hair – France

71. Muehlhan AG – Germany

72. New Yorker Marketing & Media GmbH – Germany

73. NIS Serbia – Serbia

74. OBO Bettermann – Germany

75. OCSiAl – Luxembourg

76. Orano – France

77. Ottobock – Germany

78. Pegasus – Turkey

79. Perfetti Van Melle – Italy

80. Plastika Kritis – Greece

81. Projahn – Germany

82. Provalliance Group (Jean Louis David) – France

83. Raba – Hungary

84. Rabe Moden – Germany

85. Raiffeisen Bank International – Austria

86. Richter Spielgeräte GmbH – Germany

87. Riko – Slovenia

88. Russia Fachspedition Dr. Lassmann – Austria

89. Salzgitter – Germany

90. Sanatmetal – Hungary

91. Sarstedt AG – Germany

92. Schoeller Bleckmann – Austria

93. Siemens Healthineers – Germany

94. Sisecam – Turkey

95. Société Bic – France

96. Soler & Palau Ventilation Group – Spain

97. Stada Arzneimittel – Germany

98. Storck – Germany

99. Sucden – France

100. Symrise – Germany

101. Trelleborg Group – Sweden

102. Trumpf – Germany

103. Turkish Airlines – Turkey

104. UniCredit – Italy

105. Veolia – France

106. Vinci SA – France

107. Worldline – France

108. Zentis – Germany

109. Zepter – Switzerland

Note: This article was written on March 27, 2024, based on the list provided by Yale University. Since the information is updated daily, please be aware that the details may have changed after this date.