These companies have the most to lose from Russia's attack on Ukraine
International companies that hold a major presence in Russia are bracing for more sanctions from Western countries.
Russia
has already paid a price for its aggression: the country's stock
markets and currency have tanked this week after President Vladimir
Putin ordered troops into Ukraine.
Sanctions
from the United States and European nations intensified Thursday as
Western nations' leaders condemned Russia's actions.
Putin warned Russian business leaders on Thursday that he expected further "restrictions" on the economy, but called for business to work "in solidarity" with the government.
Here are some companies with a significant presence in Russia:
Europe
BASF
The German chemicals maker BASF (BASFY)
co-owns Wintershall Dea, one of the financial backers of the suspended
Nord Stream 2 gas pipeline, with Russian billionaire Mikhail Fridman's
LetterOne investor group. It says it generates 1% of group sales from
Russia.
BP
British oil company BP (BP)
is the largest foreign investor in Russia with a 19.75% stake in the
country's national oil company Rosneft. It also holds stakes in several
other oil and gas projects in Russia.
Coca-Cola HBC
The
London-listed company bottles Coke for Russia, Ukraine and much of
Central, Eastern Europe. It counts Russia among its largest markets and
employs 7,000 people there.
Danone
The French yogurt maker Danone controls Russian dairy brand Prostokvanhino and gets 6% of total sales from the country.
Engie
The French gas utility company is one of five co-financiers of Gazprom's Nord Stream 2.
Metro
The German retailer employs about 10,000 people in Russia where it serves some 2.5 million customers.
Nestle
The
Swiss consumer goods company had six factories in Russia as of 2020,
including plants making confectionery and drinks, according to its
website. Its 2020 sales from Russia were worth about $1.7 billion.
Renault
The
French carmaker has a 69% stake in Russian joint venture Avtovaz, which
is behind the Lada car brand and sells more than 90% of its car
production locally.
Rolls-Royce
The
aeroengine maker says Russia contributes less than 2% of total revenue,
but 20% of its titanium, which is used to make engine parts and landing
gear for long-haul jetliners, is from the country.
Safran
Russia's
VSMPO-AVISMA is the French jet engine maker's largest single supplier
of titanium though the French company says Russia supplies less than
half its requirements.
Shell
The
Dutch oil company owns 27.5% of the Sakhali-2 liquefied natural gas
project, which has an annual capacity of 10.9 million tonnes and is
operated by Gazprom. It's also one of the five co-financiers of Nord
Stream 2.
TotalEnergies
The
French oil company is one of the biggest investors in Russia with a
19.4% stake in Russia's Novatek, a 20% interest in the Yamal LNG joint
venture, 21.6% of Arctic LNG 2, a 20% stake in the onshore Kharyaga oil
field and various holdings in the country's renewables, refining and
chemicals sectors, according to its website.
Uniper
The
German utility has a $1 billion exposure to Nord Stream 2, along with
five power plants in Russia with a combined capacity of 11.2 gigawatts,
providing about 5% of Russia's total energy needs. It also imports
Russian natural gas to Europe.
The United States
ExxonMobil
The American oil giant has more than 1,000 employees in Russia, and has been in the country for over 25 years.
Its
subsidiary, Exxon Neftegas Limited (ENL), has a 30% stake in Sakhalin-1
— a vast oil and natural gas project located off Sakhalin Island in the
Russian Far East. It has operated the project since 1995 on behalf of a
consortium that includes Japanese and Indian partners, as well as two
affiliates of Russia's largest oil company, Rosneft.
McDonald's
The
burger chain has categorized Russia as a high-growth market and
continued to open locations there throughout the last decade.
Mondelez
The Oreo maker and owner of Cadbury became the leading chocolate maker in Russia in 2018.
Asia
Japan Tobacco
The
company employs about 4,000 people at its Russian plants, and its tax
payments in 2020 accounted for 1.4% of the Russian Federation state
budget, the company said on its website. The former tobacco monopoly
relies on the Commonwealth of Independent States, including Russia and
Belarus, for about a fifth of its profits.
Marubeni
The
Japanese trading house has four offices in Russia, where it sells tires
for mining equipment and manages a health checkup center.
Mitsubishi
The
company distributes Mitsubishi Motor vehicles through some 141
dealerships in Russia and has a stake in Sakhalin II gas and oil
development project that supplies Japan with liquefied natural gas and
trades coal, aluminium, nickel, coal, methanol, plastics and other
material. It also supplies power plant equipment and other machinery to
Russia.
SBI Holdings
SBI
Bank, established almost three decades ago, offers corporate services
and loans to Japanese companies expanding operations in Russia.
Toyota
The
company's plant in Saint Petersburg, Russia, makes Camry and Rav4
vehicles, and it has a sales office in Moscow. It has about 2,600 staff,
including 26 Japanese nationals, at those locations.
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