Konecranes
LeaveRussia detail: Exit Completed
Konecranes is a Finnish company in the field of production and maintenance of lifting equipment.
Decision trail
Decision date 27/02/2025 · Reference ↗
Stop all orders from Russia. Konecranes has now started to deliver its final crane order to Russia. The order – cranes for a Waste-to-Energy recycling site outside Moscow – was placed in 2019 by a European company and subsequently delayed by Russia’s invasion of Ukraine. Once this order has been delivered, Konecranes will have no further outstanding orders to Russia. Konecranes, a titan in the crane manufacturing industry, has initiated the liquidation of its Russian subsidiary, Konecranes Demag Rus JSC, headquartered in St. Petersburg. This decision, set to culminate by February 2, 2024, marks the end of Konecranes' operations in a country that has become increasingly isolated due to geopolitical tensions. 27.02.2025: The legal entity JSC "KONECRANES DEMAG RUS" was liquidated.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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