UK: Announcement of suspension / withdrawal of Russian business:
London
March 11, 2022
Major British companies:
Against the backdrop of Russia’s invasion of Ukraine
In the UK, some companies have announced that they will suspend or withdraw from Russian business.
The corporate trends in major industrial fields are summarized below.
Oil giant
shell
February 28
It’s thoughts on ending his involvement in Nord Stream 2 (see article March 1, 2022).
March 8
Announced that Russia’s involvement in crude oil, petroleum products, gas and liquefied natural gas will be phased out.
Stop buying Russian crude oil spots
Gas station in Russia,
Aviation fuel and lubricating oil operations will also be closed.
Gas giant
IOG
March 1st,
Announced that it will end the sales contract for Gazprom for gas mined in the North Sea.
Gas giant
Centrica
March 1st,
It plans to terminate gas supply contracts with Russian gas companies such as Gazprom.
The “Bloomberg” newspaper reported.
retail
It has been reported that major supermarkets have stopped selling Russian vodka.
Luxury department store
John Lewis
March 4,
Stop selling Russian pizza kiln pellet fuel at John Lewis.
supermarket
Waitrose
Announced to stop selling Russian vodka.
Review products using Russian raw materials.
consulting
PricewaterhouseCoopers
March 7,
Announced that the relationship between Russia and the Belarus base has ended.
consulting
Ernst & Young (EY)
March 7,
End of service to Russian government, state-owned enterprises, sanctioned enterprises / individuals.
Transport equipment
Rolls Royce
March 2,
Decided to suspend all Russian-related businesses. BBC News (online article)
Aston Martin,
Jaguar Land Rover
March 1st,
The Reuters newspaper reported on the same day that it stopped delivering cars to Russia.
Construction machinery
JCB
The Time newspaper reported on March 3 that it had stopped doing business in Russia, including the export of machinery.
Companies that continue business:
Some companies continue to do business in Russia to protect local employment and provide daily necessities.
British American Tobacco
March 9,
Stop all investment plans.
Meanwhile, it will continue to operate in Russia to protect employment.
Food and household goods
Unilever
March 8th
Stop importing / exporting with Russia, additional investment, and spending on media and advertising expenses.
Meanwhile, it announced that it will continue to provide food and hygiene products manufactured in Russia.
Hygiene / health products
Reckitt
March 10,
Stop advertising and additional investment.
On the other hand, it will continue to provide essentials such as hygiene and health products.
(Note) Based on press releases and news information of each company as of March 10, UK time.
–JETRO
https://www.jetro.go.jp/biznews/2022/03/c0bc42133ab90fdc.html