Doing Business in Russia. Who’s Still Funding the War?
Russia’s aggression against Ukraine began in 2014 and escalated into a full-scale invasion on February 24, 2022. This brutal war has caused immense human suffering, with thousands of civilians killed and millions forced to flee their homes. In response, many international companies chose to leave the Russian market. Others continue doing business there as usual.
At Euronomy, we believe transparency and accountability are essential, especially during times of war. That is why we are sharing this list of companies that continue to operate in Russia, based on data from the excellent resource Leave-Russia.org.
People have the right to know which businesses are helping sustain the Russian economy and, indirectly, its military actions. If a company chooses to leave Russia, we will gladly update the list and offer them a free ad spot on Euronomy as a sign of recognition. Until then, we encourage consumers to make informed choices and hold companies accountable.

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.
Controversies: Continues operations in Russia; designated as an "international sponsor of war" by Ukraine in 2023.

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.
Controversies: Continues operations in Russia, focusing on essential products; some brands remain available in Russian markets.

Godiva
Known For: Luxury Belgian chocolates, famous for gourmet truffles, pralines, and chocolate-dipped strawberries.
Employees: Approximately 2,500–5,000 globally
Controversies: 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
Controversies: 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
Controversies: 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
Controversies: Storck has continued “business as usual” in Russia. In fact, exports to Russia grew over 50% in the year after the invasion.