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 June 25, 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!

SHOW YOUR SUPPORT | DEMAND ACTION
LIST OF COMPANIES
Categories
All
1217
Pulling Out
953
Holdouts
264

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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Abrdn

HQ: UK
Finance

February 24: Liquidated Russia exposed funds

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Adenza

HQ: UK
Finance
Tech

March 9: Discontinued all Russia operations, terminated relationships with Russian customers (120 employees)

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Aegon

HQ: Netherlands
Finance

November 30: Will not make future investments in Russia, will look at options to reduce its existing investment exposure (Two minor investment positions left, representing EUR 660,000)

Listed on: Forbes Global 2000

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Allianz

HQ: Germany
Finance

May 19: Sold majority stake in its Russian operation after ceasing new insurance business

Listed on: Forbes Global 2000 World's Most Ethical Companies (Ethisphere)

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AM Best

HQ: USA
Finance

March 29: Suspended all commercial activities to clients in Russia and has withdrawn all Credit Ratings on Russia-based (re)insurance companies

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American Express

HQ: USA
Finance
Payments
Payments

March 6: Suspended all operations in Russia- Globally issued cards will not work in Russia, local Russian cards will not work outside the country

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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Aon PLC

HQ: UK
Finance

March 10: Suspends Business Operations In Russia

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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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Assicurazioni Generali

HQ: Italy
Finance

March 3: Winding down its Europ Assistance operations in Russia, Resigned board positions held on Ingosstrakh Insurance Co. and closing its Moscow representative office

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Axa

HQ: France
Finance

March 1: Stopped underwriting new insurance business in Russia. Removed its directors from Reso Garantia, a Russian insurance company partly owned by Axa

Listed on: Forbes Global 2000

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Axa IM

HQ: France
Finance

March 27: Divesting from Russian sovereign and government-related debt. Suspended new investments in Russian

Listed on: Forbes Global 2000

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Banco Santander SA

HQ: Spain
Finance

March 7: Santander has a negligible to Russia. Will not engage in any new business with Russian companies

Listed on: Forbes Global 2000

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Bank of China

HQ: China
Finance

September 4: Significantly increased exposure to Russia. Continues to provide loans to Russian banks

Listed on: Forbes Global 2000

SOURCES

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Bank of Cyprus

HQ: Cyprus
Finance

April 22: Closed all accounts of Russian nationals. Making efforts to reduce exposure to Russia (exposure to Russia: 10 million Euro)

SOURCES

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BlackRock

HQ: USA
Finance

September 9: Suspends all purchases of Russian securities among its index funds

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

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Blackstone

HQ: USA
Finance

March 11: Suspended all purchases of Russian assets (clients held $18.2billion in Russian assets in January), withdrew from Russia following the Crimea invasion

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Bloomberg

HQ: UK
Finance

March 28: Suspended its operations in Russia- restricted access to any of Bloomberg’s financial products, suspended the work of its journalists

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BNP Paribas

HQ: France
Finance

June 30: Set to liquidate suspended Europe Emerging Equity fund on 3 July. Informed its corporate clients in Russia that it would no longer process their transactions. Stopped all new business in Russia. (Exposure to Russia €1.3billion and less than 500 employees)

Listed on: Forbes Global 2000

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BNY Mellon

HQ: USA
Finance

March 17: Ceased new banking business in Russia- corporate trusts work, treasury services, depository receipt services and direct lending to companies in Russia. Also suspended investment management purchases of Russian securities

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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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Citibank

HQ: USA
Finance

September 5: Set to halt ATMs in Russia. Announced expanded scope of process to exit its business from Russia

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

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Coinbase

HQ: USA
Finance

March 7: Blocked more than 25,000 wallet addresses related to Russian individuals or entities it believes to have engaged in illicit activity.

Listed on: Forbes Global 2000

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Commerzbank

HQ: Germany
Finance

March 12: Stopped new business and winding down transactions

Listed on: Forbes Global 2000

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Credit Agricole

HQ: France
Finance

January 13: Stopped all new financing for russian companies and all commercial activity in the country

Listed on: Forbes Global 2000

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Credit Suisse

HQ: Switzerland
Finance

August 15: UBS stopped new business in Russia while cutting exposure by 56%

Listed on: Forbes Global 2000

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Currency.com

HQ: Gibraltar
Finance

April 17: Halting operations for Russian residents

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Deutsche Bank

HQ: Germany
Finance

July 10: Winding down remaining software centers in Moscow and St. Petersburg and plans to cut 500 jobs.

Listed on: Forbes Global 2000

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Discover & Diners Card

HQ: USA
Finance
Payments

March 8: No longer pursuing operations in Russia and Belarus

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FICO

HQ: USA
Finance

March 18: Exited all work in Russia

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Fitch Ratings

HQ: USA
Finance

March 25: Suspended operations in Russia and downgrades Long-Term Foreign Currency IDR to 'C'

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FM Global

HQ: USA
Finance

April 8: Stopped renewing reinsurance business and ceased underwriting new reinsurance business with Russian insurers

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Goldman Sachs

HQ: USA
Finance

August 8: Leaving Russia and winding down their Russian operations.

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

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Groupe BPCE

HQ: France
Finance

April 13: Continues to operate with a local team of 34 people, managing residual credit portfolios. Little exposure in Russia (788 million Euros, compared to global exposure of 889 billion Euros)

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Haniel

HQ: Germany
Finance

March 6: Stopped or unwound every form of business activity Haniel portfolio companies currently entertain with Russia

SOURCES

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Hannover Re

HQ: Germany
Finance

March 11: Underwriting of new risks or the renewal of contracts with customers in Russia is currently on hold

SOURCES

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Hellenic Bank

HQ: Cyprus
Finance

March 15: Continuing operations in its two representative offices in Russia (Deposits related to Russian and Ukrainian customers account for about 8%)

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HSBC

HQ: UK
Finance

March 28: Exited Russian market through sale of assets to Russia’s Expobank

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

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ICBC

HQ: China
Finance

September 4: Operations continue largely uneffected. Restricted financing for Russian commodities and stopped issuing USD denominated letters of credit for purchases of Russian commodities in Febuary 2022

Listed on: Forbes Global 2000

SOURCES

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IGP&I

HQ: UK
Finance

The group's 13 P&I clubs continue to insure Russian crude oil tankers

SOURCES

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ING NV

HQ: Netherlands
Finance

March 2: No new business with Russian companies

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Intercontinental Exchange

HQ: USA
Finance

March 3: Halted trading of Russian-backed stocks and prohibited Russia from raising new capital

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Intesa Sao Paulo

HQ: Italy
Finance

August 10: Agreement on transfering ownership of Russian business to local management is reportedly close

Listed on: Forbes Global 2000

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Intuit

HQ: USA
Finance
Tech

July 28: Suspended all customer accounts in Russia

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

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JCB

HQ: Japan
Finance
Payments

March 8: Reported to sell JCBs in Russia, and offering credit from Gazprombank Autoleasing, an arm of Russian bank Gazprombank. Official statement suggests all operations and exports of machines and parts in Russia were stopped in March 2022

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JP Morgan

HQ: USA
Finance

August 5: Winding down business in Russia. JP Morgan handled some grain export payments with Russian counterparties (with the support of the US government)

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

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Julius Baer

HQ: Switzerland
Finance

July 25: Plans to end business with Russia based clients. Halted all new business in Russia, reduced its local activities (Operates out of office in Moscow)

Listed on: Forbes Global 2000

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KLP

HQ: Norway
Finance

February 28: Completely sold out of Russia, excluded 22 companies (Value of Assets: $56.39 million)

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Kotak Mahindra Bank

HQ: India
Finance

March 23: Denied financial transactions in or to Russia using cards on the Mastercard or Visa network

Listed on: Forbes Global 2000

Rows

1–50 of 96

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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