Often, companies from northern European countries have made a decision to get out of business in Russia.
During the three years of Russia released by Russia, the Russian market has left 62% of companies from countries that are “not friendly” against Ukraine. This example of analysts includes more than 300 foreign companies with “significant possessions” in Russia and a income of at least 1 billion rubles. This has been proven by the audit-consulting company information hidden, the Moscow Times reports.
Of these 300 companies in 183, at the end of 2024, they completed a removal from the Russian market. Most sell their properties in some businesses in Russia (103 cases) or local management (40 cases). In 17 cases, foreigners left a joint adventure with a Russian partner, and at 14 they closed business or suspended activities. In addition, 9 exit transactions are made to a foreign consumer.
Typically, companies from northern Europe have made a decision to remove from business in Russia: part of their exit decisions in the kept sample of 94%, and the total number of transactions is 45. In particular, all 20 Finnish companies fall into the example left Russia. 13 out of 15 Swedish companies also left, with two transaction owners in the process. In Norway and Iceland, part of the output decisions is 100%. Denmark is a little behind them – 74% of completed outputs.
Among companies from USA, Germany, France and Great Britain, part of Russia’s departure is 59-67% of the kept sample. The largest part of the outputs is Canada, Australia and New Zealand are 100%.
The smallest number of companies left Russia from Austria (50%), Switzerland (38%), Italy (22%) and Belgium.
For 96 foreign companies – it’s about a third of the entire continuously reviewed sample – there is no information about leaving a business in Russia. In most cases, they continue normal operational activities.
Another 19 companies, as it was kept, was in the process of discharge, and seven foreign owners were moved to the Russian Federation office. Among them, for example, the combined adventure of Brewer AB Inbex (USA, Belgium) and Efes (Turkey), Russian Business Manufacturers of Ariston Household Appliances (Italy) and Agricultural Company Agreterra NCH Capital (USA).
It has been kept calculating that part of the companies included in the sample that left the Russian market increased from 55% from 2023 to 62% in 2024. The proportion of companies that decided to emerge increased from 64% to 68.5%.
Currently, in the process of selling a business there are 6% of companies.
Earlier we wrote that the largest bank for the Netherlands of ING Group had left Russia after more than 30 years of existence.
Putin ordered to prepare for the return of western companies to the Russian Federation – Media
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.