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
Ownership: Anadolu Group (Turkey) — brewed in Turkey; AB InBev holds a 50% stake in the international operations
Known for: Efes Pilsener — Turkey's dominant beer brand and one of the most widely drunk lagers across Eastern Europe, Central Asia and the Middle East. The most recognisable beer from a historically under-represented brewing region in Europe.
History: Anadolu Efes was founded in 1969 in Istanbul. Efes Pilsener became Turkey's national beer and expanded across a vast geography — from Bulgaria and Russia to Kazakhstan. Turkey sits at the crossroads of Europe and Asia, and Efes is the beer that built a brewing industry in a country that was not historically a beer culture. Now one of the largest brewing groups operating in the broader European sphere, with production across multiple countries.
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Nestlé
Known for: Brands like KitKat, Smarties and Quality Street. Recognised for a vast product range, and criticised over continued Russian operations.
Employees: Approximately 273,000 globally.
Farming & Ethics: Long-running child labour controversies in West Africa. Stayed in Russia after the 2022 invasion, triggering a major boycott.
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.
Competitors: Mars Inc. (USA), Nestlé (Switzerland).
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
Farming & Ethics: Cocoa Horizons Foundation member. Limited independent transparency.
Ferrero
Known for: Beloved for its Nutella spread, Ferrero Rocher chocolates and Kinder range.
Employees: Approximately 47,000 globally.
Farming & Ethics: UTZ and Rainforest Alliance certified cocoa. Hazelnut supply chain in Turkey flagged for child labour concerns. Continued operations in Russia after the 2022 invasion.
Ritter Sport
Known for: Distinctive square 100g chocolate bars available in a wide array of flavours.
Employees: Approximately 1,000 worldwide.
Farming & Ethics: Runs its own cocoa plantation in Nicaragua, giving high traceability. However, it continued sales in Russia after 2022, with revenue increasing.
August Storck
Known for: Maker of popular sweets like Werther's Original caramels, Toffifee, Merci chocolate and Knoppers wafers.
Employees: Approximately 6,100 globally.
Farming & Ethics: Very limited sustainability disclosure. Not only stayed in Russia after 2022 but increased exports there by 51%.