Hundreds of international companies have announced their full or partial withdrawal from the Russian market since Russia’s full-scale invasion of Ukraine began. At the same time, businesses continue to operate in the Russian market, making a profit and paying taxes that fund, among other things, the war in Ukraine.
On a daily basis, a group of Yale University researchers tracks the dynamics of the firms’ exodus from Russia. According to their report, the following companies have not stopped working in Russia as of April 28, 2022:
Communication services
Eutelsat — French satellite operator
Nippon Telegraph and Telephone Corporation — Japan’s largest telecommunications company
Products of selective demand
Alpina Žiri — Slovenian footwear manufacturing company
Calzedonia — Italian manufacturer of underwear and swimwear
Fluidra — Spanish manufacturer of equipment for pools and the wellness sector
Geox — Italian brand of shoes and clothing
Global Fashion Group — e-commerce fashion site that sells clothing and accessories on the Internet (Luxembourg)
Gorenje — Slovenian manufacturer of household appliances
Groupe Le Duff — French restaurant conglomerate
Herend — Hungarian manufacturer of porcelain products
Lacoste — French clothing manufacturer
Leroy Merlin — French company that owns retail chains specializing in the sale of products for construction
Riot Games — American computer games developer
Signify — Dutch company that specializes in lighting
Swiss Krono — Swiss manufacturer of wood-based building materials
Products for mass consumption
AAgrana — Austrian food company that produces sugar, starch, fruit preparation, juice concentrate, and ethanol fuel
Auchan — French chain of supermarkets and hypermarkets
Bonduelle — French manufacturer of canned vegetables
Chipita — Greek food company
Cremonini Group — Italian manufacturer of beef and meat-based transformed products
De Cecco — Italian company that produces pasta, flour, and other related food products
DMK Group — German dairy products manufacturer
Groupe Savencia — French dairy products manufacturer
Grupo Borges — Spanish olive oil manufacturer
Grupo Fuertes — Spanish manufacturer of meat products
HiPP — Swiss company that makes organic products and baby food in particular
JDE Peet’s — Dutch company that owns numerous beverage brands
Kotanyi — Austrian manufacturer of spices and seasonings
Lactalis — French producer of dairy products
Metro — German wholesale trade company
Sarantis — Greek multinational consumer products company
Storck — German candy manufacturer
Energy
Foraco — French drilling services company
Geoplin — Slovenian natural gas company
Mitsui — Japanese general trading company
MOLGroup — Hungarian oil and gas company
Orano — French nuclear fuel cycle company
Finance
Fleetcor — American company that provides payment solutions for businesses
Mizuho Financial Group — Japanese bank holding company
MS & AD Insurance Group — Japanese insurance company
Raiffeisen Bank International — Austrian banking group
Medical goods
Align Technology — American medical device company, manufacturer of orthodontics tools
Amgen — American biotechnology company
Gedeon Richter — Hungarian pharmaceutical company
Krka — Slovenian pharmaceutical company
Laboratoire Servier — French pharmaceutical company
Menarini Group — Italian pharmaceutical company
Phibro Animal Health Corp — American animal health and veterinary medicine company
Sanatmetal — Hungarian manufacturer of implants
Zimmer Biomet — American company that manufactures and sells medical devices, including dentures
Industry
Aalberts — Dutch company that manages technology clusters in the construction, transport, and other markets
Andritz — Austrian group of companies that provided high-tech equipment and services for a number of industries
Bucher Industries — international Swiss engineering group
Canpack — Polish manufacturer of beverage packaging
Donaldson Company — American manufacturer of filters for a number of industries
Egger — Austrian company that produces wood-based panel products
EMS-Chemie — Swiss manufacturer of high-performance polymers and special chemicals
GEA Group — developer of process technology for the food industry and a wide range of other industries
Koch Industries — American corporation involved in oil refining, chemical production, man-made fibers, and plastics
Kuhn SAS — French manufacturer of agricultural machinery
Legrand — French manufacturer of electrical devices
Liebherr — German group of companies producing cranes, aerospace and transport systems, machines and automation systems, and home appliances
Palfinger — Austrian manufacturer of cranes and other equipment
Raba — Hungarian manufacturer of automotive components and commercial vehicles
Schoeller Bleckmann — Austrian engineering company
Tenneco — American engineering company and manufacturer of automotive components
Titan International — American manufacturer of off-highway tires and wheels
Vinci SA — French construction company
Information technology
Asus — Taiwanese manufacturer of computer equipment, hardware, and consumer electronics
Cloudflare — American network services company
Lenovo — Hong Kong electronics manufacturer
Match Group — American developer of dating software (including Tinder)
Materials
Acerinox — Spanish stainless steel manufacturer
Buzzi Unicem — Italian manufacturer of cement, concrete, and other construction materials
Huntsman Corporation — American chemical company
International Paper — American producer of fiber-based packaging and pulp
Kronospan — Austrian manufacturer of wood panels
Maxam — Spanish manufacturer of explosives
Mondi — British manufacturer of packaging and paper
Support systems
EDF — French electric power company
TEPCO — Japanese electric power company
Veolia — French corporation that specializes in water, environmental, energy, and transportation services
