Doing Business in Russia
At Euronomy, we believe in transparency and accountability — especially in times of war. That’s why we’re sharing this list of companies that continue to do business in Russia, based on data from the excellent resource Leave-Russia.org.
We’ll always be happy to update this list and promote any company that decides to pull out. In fact, they’ll get a free ad spot here on Euronomy.
What do you say to that offer, Nestlé?
Anadolu Efes
Ownership: Anadolu Group (Turkey), breweries in Turkey, Russia, CIS
Beer brands: Efes Pilsen, Amsterdam Navigator, Velkopopovický Kozel (licensed)
Employees (Europe): ~10,000
Production: ~36M hl
Key markets: Turkey, Russia, Ukraine, Kazakhstan
Nestlé
Known For: Brands like KitKat, Smarties, and Quality Street. Recognized for a vast product range; faced backlash over continued Russian operations.
Employees: Approximately 273,000 globally.
Stance on Russia: Continues operations in Russia, focusing on essential products; some brands remain available in Russian markets.
Mondelez International (USA)
Known For: Cadbury (UK), Milka, Toblerone. Products are popular worldwide; ongoing Russian business has led to reputational challenges.
Employees: Around 80,000 globally.
Stance on Russia: Continues operations in Russia; designated as an "international sponsor of war" by Ukraine in 2023.
Godiva
Known For: Luxury Belgian chocolates, famous for gourmet truffles, pralines, and chocolate-dipped strawberries.
Employees: Approximately 2,500–5,000 globally
Stance on Russia: Continues to operate in Russia via its parent company. Godiva is part of Pladis, which has maintained its business in Russia.
Ferrero
Known For: Beloved for its Nutella spread and Ferrero Rocher chocolates, as well as Kinder chocolates.
Employees: Approximately 47,000 globally
Stance on Russia: Despite initial statements about scaling back, Ferrero continues to operate in Russia. Its Russian factory remains open and products are still sold.
Ritter Sport
Known For: Distinctive square chocolate bars (100g) available in a wide array of flavors.
Employees: Approximately 1,000 worldwide
Stance on Russia: Continued operations – about 7% of Ritter Sport’s sales come from Russia, so the company chose to keep selling there while stopping new investments and marketing.
August Storck
Known For: Maker of popular sweets like Werther’s Original caramel candies, Toffifee caramel hazelnut cups, Merci chocolate, and Knoppers wafers.
Employees: Approximately 6,100 globally
Stance on Russia: Storck has continued “business as usual” in Russia. In fact, exports to Russia grew over 50% in the year after the invasion.