Coalition
for
Ukraine
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 November 21, 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
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| Company | Headquarters | Action | |
|---|---|---|---|
 | AAK HQ: SwedenFood | ||
 | Atlas Copco HQ: SwedenIndustrial | March 3: Suspending operations, halting new orders and deliveries Listed on: Forbes Global 2000 | |
 | Bonava HQ: SwedenReal Estate | ||
| Bonava HQ: SwedenReal Estate | ||
 | Electrolux HQ: SwedenManufacturing | September 2: Exited Russia and divested the business to local management through a sale of its Russian subsidia Listed on: Forbes Global 2000 | |
 | Epiroc HQ: SwedenIndustrial Manufacturing | April 25: Paused deliveries to Russia on the 1st of March (533 employees, Russian revenues represented 6.1% of group revenues) Listed on: Forbes Global 2000 | |
 | Ericsson HQ: SwedenTelecom | February 10: Completed winding down of its customer engagements by end of 2022. 400 employees in Russia have been notified of layoffs Listed on: Forbes Global 2000 | |
 | Essity HQ: SwedenConsumer goods | July 17: Completed the divestment of its operations in Russia (about 2% of its total consolidated net sales) Listed on: Forbes Global 2000 | |
 | H&M HQ: SwedenClothing Retail | July 18: Initiated the process of winding down the business in Russia after temporarily pause all sales in Russia Listed on: Forbes Global 2000 | |
 | IKEA HQ: SwedenConsumer goods Retail | July 31: In the process of winding down operations in Russia. Sold Russian factory to local firm, and its headquarters | |
 | Mannheimer Swartling HQ: SwedenLaw | ||
 | NCAB Group AB HQ: SwedenElectronics | April 8: Completely withdrew from Russian market by seeling Russian subsidiry to local company managemen. | |
 | Polaris Music Hub HQ: SwedenMedia | ||
 | Preem AB HQ: SwedenEnergy | February 25: Paused all incoming orders of Russian crude oil pending sanctions | |
 | Sandvik HQ: SwedenIndustrial | June 29: In the process of winding down operations in Russia Listed on: Forbes Global 2000 | |
 | SCA HQ: SwedenIndustrial | April 9: No statement regarding its Russian operations. Plant in Sovetsk, Russia | |
 | Scania HQ: SwedenIndustrial Transportation | September 13: Selling its Russian assets | |
 | SEB Group HQ: SwedenFinance | May 4: Started to scale down operations. Limited number of funds have holdings in Russia companies which are not covered by international sanctions. Based in Saint Petersburg, with a smaller presence in Moscow (around 80 employees, exposure: 0.2% of SEB’s total credit portfolio) Listed on: Forbes Global 2000 | |
 | SKF HQ: SwedenManufacturing | April 22: Ceased production in its factory in Russia, stopped exports to Russia Listed on: Forbes Global 2000 | |
 | Spotify HQ: SwedenMedia Entertainment | March 25: Closed office in Russia indefinitely, stopped streaming in Russia over safety concerns associated with 'fake' news law Listed on: Forbes Global 2000 | |
 | SSAB HQ: SwedenIndustrial | March 3: Discontinued all shipments and sales to Russia | |
 | Storytel HQ: SwedenInternet Media | March 4: Pausing its operations in Russia until further notice | |
 | Sweco HQ: SwedenIndustrial Consulting | March 3: Sweco does not have any employees working in Russia or Ukraine. Sweco has decided not to undertake new projects in Russia and is currently assessing and ensuring compliance with EU, US and UK sanctions. | |
 | Systemair HQ: SwedenIndustrial | March 4: Deliveries to Russia discontinued (4.5% of sales in Russia and Belarus) | |
 | Systembolaget HQ: SwedenBeverages Retail | February 28: Stopped selling Russian products, cancelled launches on new products | |
 | Trelleborg Group HQ: SwedenIndustrial | April 7: Halted previous plan of establishing a manufacturing facility in Russia (No manufacturing sites in Russia) | |
 | Vattenfall HQ: SwedenEnergy | March 10: Stopped all purchases of nuclear fuel and coal from Russia. This applies to gas, coal and nuclear fuel | |
 | Volvo HQ: SwedenAutomotive | June 26: In process of winding down its Russian subsidiary. Suspended its operations in Russia in February 2022 Listed on: Forbes Global 2000 World's Most Admired Companies (Fortune) |
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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