In December 2024, 14 foreign companies finalized their exit from the Russian market through sales or liquidation of their operations.
According to monitoring by the Kyiv School of Economics, the most recent cases of completed exits include the Austrian injection molding machine manufacturer Engel, the American courier delivery services company FedEx, the Irish nutrition group Glanbia, the American networking equipment provider Juniper Networks, the German aviation services company Lufthansa Technik, the French open-source software developer Open Cascade, the Norwegian IT services provider Crayon Group AS, the German machine tool manufacturer EMAG, the American oil and gas processing company Exterran Corporation, the German airport operator Fraport, the Mexican automotive components manufacturer Nemak, the Finnish construction solutions provider Peikko Group, the Spanish bathroom solutions company Roca, and the German wholesale retailer Selgros.
Over 2,000 foreign firms continue business operations in Russia, while only 467 have fully exited and stopped engaging in war financing through tax contributions. Any company remaining in Russia runs a risk of asset resizes and being complicit in Russia’s rapidly growing number of war crimes committed in Ukraine.
B4Ukraine calls on all remaining firms to cut their losses and withdraw from the market of the aggressor state.