Coalition
for
Ukraine
I'm a tech entrepreneur and concerned citizen trying to support Ukraine. I hope to rally suppport for companies pulling out of Russia, and add pressure on those that still remain, by providing you info to share in social media. Thank you for your support! - Alex Algard
The brutal Russian invasion of Ukraine is being fought on many fronts, including the economic front. Corporations have made various announcements regarding Ukraine and Russia, but what are their actual actions to help prevent more bloodshed? As of October 8, we are tracking 1217 companies, of which 953 are pulling out of Russia, and 264 holdouts (highlighted in red) are mostly continuing to do business as usual in Russia. Review the list, take action (here and directly), tweet and share!
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Company | Headquarters | Action | |
---|---|---|---|
Agrana HQ: AustriaFood | April 24: Operates a fruit segment in Russia. Does not plan to discontinue its operations in Russia (nearly 285 employees in Serpukhov, Russian business generates 2.1% of group revenue) | ||
Andritz HQ: AustriaIndustrial Manufacturing | April 15: Continuing to export to Russia. Suspended all its new business in Russia (Representative office in Moscow) | ||
AVL HQ: AustriaAutomotive | January 1: Ceased all business activities in Russia and initiated divestitures | ||
Egger HQ: AustriaIndustrial Manufacturing | |||
HERZ HQ: AustriaIndustrial | |||
International Biathlon Union HQ: AustriaSports | March 29: Suspended the Russian federation | ||
Kotanyi HQ: AustriaFood | |||
Lisec HQ: AustriaIndustrial Manufacturing | March 31: Continues to sell glass processing machines in Russia (Office in Moscow, 18 employees) | ||
OMV HQ: AustriaEnergy | March 5: Continues to import Russian gas. Will not pursue investments in Russia Listed on: Forbes Global 2000 | ||
Palfinger HQ: AustriaManufacturing Industrial | May 2: Continues to operate in Russia with its independent subsidiaries. Suspended all product exports to Russia (1,400 employees in Russia) | ||
Pottinger HQ: AustriaIndustrial Manufacturing | April 1: Limited deliveries to Russian subsidiary (10 million euro turnover, 15 employees) | ||
Raiffeisen Bank HQ: AustriaFinance | August 29: Under investigation in Czechia over its ongoing business activities in Russia. Claims it is exploring ways of selling or spinning off its Russian branch (Paid up to $720 million from their profits to the Russian state budget in taxes) Listed on: Forbes Global 2000 | ||
Redbull HQ: AustriaBeverages | Redbull's Russian operations are based in Moscow (Stanislavsky Factory business center). | ||
RHI Magnesita HQ: AustriaIndustrial Manufacturing | |||
Rosenbauer HQ: AustriaManufacturing | April 1: Terminated its active business relations with Russia. Will continue to supply spare parts (Russian production joint venture PA FFST, 70 employees) | ||
Russia Fachspedition Dr. Lassmann HQ: AustriaLogistics | |||
Schoeller Bleckmann HQ: AustriaIndustrial | |||
Strabag HQ: AustriaIndustrial | May 11: Exiting Russia. Ended a syndicate agreement with Rasperia, UNIQA and Raiffeisen (Rasperia, controlled by Russian oligarch Oleg Deripaska holds a 27.8% stake in Strabag) Listed on: Forbes Global 2000 | ||
Swarovski HQ: AustriaConsumer goods Luxury | June 14: Completed withdrawal from Russia | ||
Wienerberger HQ: AustriaIndustrial | June 15: Exited Russian market by selling operations to local management |
COALITION
FOR
UKRAINE
HOW YOU CAN HELP
REPORT
Do you know a company still operating in Russia?
Anonymously (or not) provide us the details.
VOLUNTEER
Can you donate some time to the cause?
Please fill out the form below with how you can help.
FAQ
Why does it matter whether or not companies pull out of Russia?
These companies want to be on the right side of history in the eyes of their customers, employees, and shareholders. Their actions absolutely matter and will make a difference. The Kremlin cannot win this economic war, and the oligarchs of Russia are now starting to openly speak up against Putin.
What are your data sources?
We rely on the most authoritative sources available online, including public announcements by corporations and online media sources as attributed in the "source" column.
How do you define "pulling out of Russia"? If a company is not shutting down 100% of Russian operations, what threshold do you use?
Most companies that are withdrawing from the Russian market are not shutting down 100% of their Russian operations. We try to ascertain how material the pullback is relative to the company's overall business within Russia, and if it is a significant reduction, then we will give the company credit for it. Conversely, if a company has announced that it is shutting a portion of its Russian business, but we have determined that the affected businesses is in fact a relatively small portion of the overall business, then we will still call attention to the company needing to do more.
Am I hurting the average Russian citizen by encouraging businesses to leave?
Russia’s unprovoked invasion of Ukraine can be repulsed on the ground and through economic pressure. In fact, if the ground war slows to a stalemate, the economic war is increasingly important. We believe the most helpful way for us to take action is to urgently encourage major businesses to cease business ties with Russia. This economic pressure will help expedite an end to the war.
Who created this website and why?
Alex Algard, a tech entrepreneur, created this website, and he provides ongoing support for a professional team of web development, research, and data entry staff. As a concerned citizen, he felt compelled to do something in support of Ukraine.
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