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:
Companies that continue their activities in Russia without restrictions.
Companies that continue their activities in Russia but do not invest in development.
Companies that have reduced their activities.
Companies that have suspended their activities.
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:
Agrana - Austria
Air Serbia - Serbia
Alpina Žiri - Slovenia
Alumil - Greece
Anadolu Efes - Turkey
Antal - United Kingdom
AnyDesk Software - Germany
Ariston Group - Italy
Auchan-Retail - France
AUMA Riester GmbH & Co - Germany
B. Braun - Germany
Babolat - France
Benetton - Italy
Boggi - Italy
BPW - Germany
BT Group - United Kingdom
Buzzi Unicem - Italy
Calzedonia - Italy
Camille Albane - France
Chipita - Greece
CLAAS - Germany
Clarins - France
CLINTON - Germany
Coface - France
Colin's - Turkey
Corendon Airlines - Turkey
Cremonini Group - Italy
De Cecco - Italy
Deep in Russia - Belgium
Dessange International - France
Diesel - Italy
Dinex A/S - Denmark
Doka - Austria
Duol - Slovenia
Egger - Austria
ElvalHalcor - Greece
EMS-Chemie - Switzerland
Etam - France
Fenzi Group - Italy
Fondital - Italy
Foraco - France
Fresenius - Germany
Frigoglass - Greece
FS Mackenzie - United Kingdom
Geoplin - Slovenia
Globus - Germany
Groupe Le Duff - France
Groupe Savencia - France
Grupo Borges | ITLV - Spain
Grupo Fuertes - Spain
Heidenhain - Germany
Heliski Russia - France
Herend - Hungary
Hoffmann Group - Germany
Ideal Molde - Portugal
Jean Cacharel - France
Kleemann - Greece
Kotanyi - Austria
Koton - Turkey
Krka - Slovenia
La Redoute - France
Lacoste - France
LACTALIS - France
Lemken - Germany
Letique Cosmetics - Latvia
Liebherr - Switzerland
LiSEC - Austria
Luka Koper - Slovenia
Maxam - Spain
Mod's Hair - France
Muehlhan AG - Germany
New Yorker Marketing & Media GmbH - Germany
NIS Serbia - Serbia
OBO Bettermann - Germany
OCSiAl - Luxembourg
Orano - France
Ottobock - Germany
Pegasus - Turkey
Perfetti Van Melle - Italy
Plastika Kritis - Greece
Projahn - Germany
Provalliance Group (Jean Louis David) - France
Raba - Hungary
Rabe Moden - Germany
Raiffeisen Bank International - Austria
Richter Spielgeräte GmbH - Germany
Riko - Slovenia
Russia Fachspedition Dr. Lassmann - Austria
Salzgitter - Germany
Sanatmetal - Hungary
Sarstedt AG - Germany
Schoeller Bleckmann - Austria
Siemens Healthineers - Germany
Sisecam - Turkey
Société Bic - France
Soler & Palau Ventilation Group - Spain
Stada Arzneimittel - Germany
Storck - Germany
Sucden - France
Symrise - Germany
Trelleborg Group - Sweden
Trumpf - Germany
Turkish Airlines - Turkey
UniCredit - Italy
Veolia - France
Vinci SA - France
Worldline - France
Zentis - Germany
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.
