Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Factbox-Companies with exposure to Russia

Published 02/24/2022, 10:20 AM
Updated 02/25/2022, 10:22 AM
© Reuters. FILE PHOTO: A display shows fuel prices in Swiss francs per liter at a BP gas station in Zurich, Switzerland February 23, 2022. REUTERS/Arnd Wiegmann

LONDON (Reuters) - International companies with exposure to Russia are girding for further Western sanctions following Moscow's invasion of Ukraine.

Here's a list of some of the companies, by region:

EUROPEAN COMPANIES:

BASF

The German chemicals maker 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. BASF also says it generates 1% of group sales from Russia.

BP (NYSE:BP)

The British oil major 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 yoghurt maker controls Russian dairy brand Prostokvanhino and gets 6% of total sales from the country.

ENGIE

The French gas utility is one of five co-financiers of Gazprom (MCX:GAZP)'s Nord Stream 2.

EQUINOR

The Norwegian company has minority stakes in three Russian oilfields.

GENERALI

Italy's biggest insurer has a minority stake in Russian insurer Ingosstrakh.

HEIDELBERGCEMENT

The German company has three plants in Russia which it says don't export outside the country.

MAIRE TECNIMONT

The Italian engineering group has an order portfolio in Russia of 1.5 billion euros ($1.68 billion), representing 17% of its total order portfolio. It recently won a project from Russia's Rosneft to build a hydrocracking VGO complex in Ryazan.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

METRO

The German retailer employs about 10,000 people in Russia where it serves some 2.5 million customers and operates 26 stores in Ukraine.

NESTE

The Finnish refiner relies on Russia for two-thirds of its oil needs though it says a significant part of its crude oil purchases are made on spot markets "one load at a time, and therefore we are able to react flexibly to changes in the markets".

NESTLE

The Swiss consumer goods giant had six factories in Russia as of 2020, including plants making confectionary and drinks, according to its website. Its 2020 sales from Russia were worth about $1.7 billion.

NOKIAN TYRES

The Finnish company has a plant and a large tyre warehouse in Russia.

OMV

The oil and gas company is one of the five financial backers of Nord Stream 2 and is Austria's main importer of Russian gas. It has a 24.99% stake in Russian gasfield Juschno-Russkoje.

RENAULT

The French carmaker makes 8% of its core earnings in Russia, according to Citibank. It 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 British aero-engine maker says 20% of its titanium, used in jet engines, comes from Russia but said the country contributes less than 2% of its total revenue.

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.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

SHELL

The Anglo-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 one of the five co-financiers of Nord Stream 2.

TOTALENERGIES

The French oil major 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 on-shore 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. Uniper and its controlling shareholder Fortum together own 12 power plants in Russia and employ 7,000 people there.

VOLKSWAGEN

The German carmaker has two factories and around 4,000 employees in Russia. It built around 170,000 vehicles in the country in 2021, a small number compared with the 8.9 million units sold worldwide last year.

ASIAN COMPANIES:

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 CORP

The Japanese trading house has four offices in Russia, where it sells tyres for mining equipment and manages a health check-up centre.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

MITSUBISHI CORP

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 (LNG) 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.