COALITION

FOR

UKRAINE

Coalition

for

Ukraine

alex-algard

A personal note:

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

CORPORATIONS SUPPORTING UKRAINE:

An Accounting of Who's Pulling Out and Who's Continuing Business With Russia

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 6, we are tracking 1217 companies, of which 886 are pulling out of Russia, and 331 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!

SHOW YOUR SUPPORT | DEMAND ACTION
LIST OF COMPANIES
Categories
All
1217
Pulling Out
886
Holdouts
331

Accounting
9
Advertising
7
Aerospace
16
Aircraft
8
Architects
6
Association
17
Automotive
49
Beverages
39
Chemicals
25
Clothing
59
Commodities
16
Conglomerate
24
Consulting
20
Consumer
2
Consumer goods
79
Electronics
25
Energy
71
Engineering
1
Entertainment
16
Finance
97
Financial
1
Food
85
Industrial
157
Internet
41
Law
30
Logistics
22
Luxury
30
Manufacturing
121
Media
40
Medical
46
Medicine
1
Payments
13
Real Estate
15
Retail
100
Services
76
Sports
27
Tech
139
Telecom
10
Tires
7
Transportation
35
Travel
44
Video games
27
Headquarters

All

Australia

Austria

Azerbaijan

Belarus

Belgium

Bermuda

Brazil

Canada

China

Cyprus

Czech Republic

Czechia

Denmark

England

Estonia

Finland

France

Germany

Gibraltar

Greece

Greenland

Hungary

Iceland

India

Indonesia

Ireland

Israel

Italy

Japan

Kazakhstan

Latvia

Liechtenstein

Lithuania

Luxembourg

Malaysia

Malta

Mexico

Monaco

Netherlands

New Zealand

Norway

Pakistan

Panama

Poland

Portugal

Puerto Rico

Qatar

Romania

Serbia

Singapore

Slovenia

South Africa

South Korea

Spain

Sri Lanka

Sweden

Switzerland

Taiwan

Thailand

Turkey

UAE

UK

USA

Ukraine

Vietnam

CompanyHeadquartersAction
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Alibaba

HQ: China
Tech

March 5: All transactions and deliveries are working as normal and will continue to do so, the company told Russia’s state news agency Sputnik News on Feb. 28

Listed on: Forbes Global 2000 World's Most Admired Companies (Fortune)

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ANT Group

HQ: China
Tech
Finance

No statement regarding Russia operations. Operates in Russia through a joint venture with Mail.ru Group, Russian sovereign wealth fund RDIF, the USM holding company and Megafon

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Asian Infrastructure Investment Bank

HQ: China
Finance

March 3: Pausing and reviewing activities relating to Russia and Belarus.

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Bank of China

HQ: China
Finance

March 4: Suspended all business with Russia and Belarus

Listed on: Forbes Global 2000

SOURCES

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China Construction Bank

HQ: China
Finance

No statement regarding Russian operations. Operates a Russian subsidiary, offfice in Moscow (Charter capital: 4.2 trillion Rubles)

Listed on: Forbes Global 2000

SOURCES

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China Life Insurance Company

HQ: China
Finance

March 4: Will continue to operate in Russia. China has said it will continue to have normal trade and economic relationship with Russia

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China Minmetals

HQ: China
Commodities
Industrial

March 8: Continuing operations in Russia. Considering acquiring or raising stakes in Russian energy and commodities companies (such as Gazprom and United Co. Rusal International)

SOURCES

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China National Petroleum Corporation

HQ: China
Energy

April 6: No statement regarding operations in Russia. Assessing the impact of the sanctions on multi-billion dollar investments in Russia

Listed on: Forbes Global 2000

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China Vanke

HQ: China
Real estate

March 28: In talks to purchase stake in a Russian real estate developer, O1 Properties Ltd

Listed on: Forbes Global 2000

SOURCES

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COSCO

HQ: China
Logistics
Transportation

March 1: No statement made regarding Russia operations. Offices in Novorossiysk, St. Petersburg, Kaliningrad

SOURCES

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Didi Global

HQ: China
Tech
Transportation

March 6: Still in Russia to "continue to serve drivers and passengers in the future”. Announced exit from Russia on February 21 2022, but has since reversed that decision

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DJI

HQ: China
Tech
Consumer
Electronics

April 19: Continues to supply drones to Russia despite claims the Russian military is using DJI’s technology

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FAW Group

HQ: China
Automotive
Manufacturing

No statement on Russian operations. Operates a subsidiary in Russia (Dealer in Moscow, production, production facilities in Russia)

Listed on: Forbes Global 2000

SOURCES

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Honor

HQ: China
Consumer goods

No statement regarding Russian operations. Operates 11 stores in Russia

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Huawei

HQ: China
Electronics
Telecom
Consumer goods

April 1: No statement regarding Russian operations. Continues to sell its products on its website, recently posted job ads for work in its 4 Russian research facilities

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ICBC

HQ: China
Finance

February 28: Restricted financing for Russian commodities and stopped issuing USD denominated letters of credit for purchases of Russian commodities

Listed on: Forbes Global 2000

SOURCES

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JD.com

HQ: China
Internet
Retail

No statement regarding Russian operations. Online store is still active in Russia

Listed on: Forbes Global 2000 World's Most Admired Companies (Fortune)

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Lenovo

HQ: China
Consumer goods
Electronics

March 15: No statement regarding Russia operations. Continues to deliver its Laptops, and other products to Russia (18.5% market share in Russia)

Listed on: Forbes Global 2000 World's Most Admired Companies (Fortune)

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New Development Bank

HQ: China
Finance

March 4: Halted transactions in Russia

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Oppo

HQ: China
Tech
Consumer goods
Electronics

March 10: No statement regarding Russian operations. Cut smartphone shipments to Russia (Chinese brands comprise about 60 per cent of the Russian smartphone market)

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SAIC Motor

HQ: China
Manufacturing
Automotive

April 15: No statement regarding Russian operations. Exports its vehicles to Russia

Listed on: Forbes Global 2000

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Samsonite International

HQ: China
Consumer goods
Retail

March 13: Closed 37 company operated stores and e-commerce sites. Stopped product shipments into Russia and investments.

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Sinopec

HQ: China
Energy

March 25: Continues to operate joint ventures in Russia. Suspended talks for a major petrochemical investment and a gas marketing venture in Russia

Listed on: Forbes Global 2000

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Tencent

HQ: China
Tech
Internet

March 3: No statement regarding Russian operations. Holds 7% of shares in VK (a russian social media service)

Listed on: Forbes Global 2000 World's Most Admired Companies (Fortune)

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UnionPay

HQ: China
Finance

April 21: Sanctioned banks have reportedly reached out to China UnionPay to fill the gap left by U.S.-based networks

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Vivo

HQ: China
Consumer
Electronics

April 19: Continues to operate in Russia. Vivo recorded triple-digit sales increases since war started

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Wanhua Chemical Group

HQ: China
Chemicals

No statement regarding Russian operations. Operates a Russian subsidiary, Wanhua Borsodchem Rus LLC (Wanhua Borsodchem Rus revenue in 2018: 71,842,096.46 RMB)

Listed on: Forbes Global 2000

SOURCES

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Xiaomi

HQ: China
Tech
Consumer goods
Electronics

March 10: Continues to operate in Russia. Cut back shipments to Russia as the Ruble collapsed.

Listed on: Forbes Global 2000 World's Most Admired Companies (Fortune)

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Xibao Metallurgy Materials Group

HQ: China
Manufacturing
Industrial

March 22: Recently signed a deal to build a refractory material plant in Russia

SOURCES

Rows

1–29 of 29

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.

Alex can be found online here: Twitter, LinkedIn, Instagram

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