Nearly 62% of Western companies left Russia after the war began, but energy giants are considering a return after sanctions are lifted.
Over the three years of Russia’s full-scale war against Ukraine, 62% of companies from “unfriendly” countries have exited Russia, according to Kept, a consulting firm. This total includes more than 300 foreign companies that had “significant assets” in Russia and revenues exceeding ₽1B. Of these, 183 completed their exit from the Russian market by the end of 2024. The most prevalent decisions to leave Russia were made by companies from Northern Europe, with a share of 94%. Among firms from