Between July and September 2025, 23 more international companies finalised their exit from the Russian market, according to a monitoring by the KSE Institute.
Companies that completed the liquidation of their businesses include the British household appliance manufacturer Dyson, the US industrial automation company Rockwell Automation, the German legal and audit group Rodl & Partner, the German laboratory equipment producer Eppendorf SE, the Mexican chemical and building materials company Orbia Advance Corporation, and Sony Mobile Communications, a global telecommunications company.
Other companies that finalised liquidation include the British chemical manufacturer Croda International, the Japanese electronics producer JVC Kenwood, the US pharmaceutical company Allergan, the Danish medical equipment maker Ambu, the Belarusian coatings producer Good Lakk, the German construction materials company Technoform, and Lithuania’s Yukon Advanced Optics Worldwide, a manufacturer of optical and night vision devices.
Four companies are currently in the process of liquidation: Sweden’s Embracer Group, in the gaming industry; Austria’s Lisec, a glass producer; France’s Louis Dreyfus Company, active in agriculture and commodities trading; and Finland’s Orion Pharma, a pharmaceutical company.
Among the completed business sales were France’s Alstom (transport engineering), the US-based Burger King, Israel’s Fishman Group / Mirland Development (real estate development), Sweden’s Hilding Anders AB (furniture and mattresses), and Liechtenstein’s Hilti (construction tools).
In addition, Russia has initiated the seizure of assets belonging to France’s Air Liquide, valued at around $700 million, as well as the arrest of New Zealand’s Airwork Group, which specialises in air transport and aircraft maintenance.
As of early October 2025, 526 international companies (12.5%) have fully exited the Russian market. Another 1,377 companies (32.6%) are in the process of exiting or downsizing, while 2,315 (54.9%) continue to operate in Russia.
No corporate mitigation efforts can address the fundamental, systematic and grave abuses caused by Russia’s illegal invasion of Ukraine. Companies operating in any capacity in Russia must prioritise a swift, responsible exit.