109 European Brands Continue Business-as-Usual in Russia

Written by Camilla Jessen

Mar.27 - 2024 12:48 PM CET

Photo: Tramp57 / Shutterstock.com
Photo: Tramp57 / Shutterstock.com
A Yale University study has revealed a comprehensive list of companies still operating in Russia. Among them, 109 European companies continue to conduct business as usual.

Trending Now

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.

Most Read