Only 6% of foreign companies have left Russia, and 40% do not plan to do so.

Thursday, January 26, 2023
Only 6% of foreign companies have left Russia, and 40% do not plan to do so.

177 companies with foreign capital have left the Russian market, which is 6% of the total number. Another 1,156 businesses (38%) have closed operations and are in the process of exiting the market. However, according to the KSE Institute, 16% or 489 companies with foreign capital have reduced their current operations, suspended new investment, and are waiting to resume operations. Another 1,203 or 40% of foreign enterprises are operating in Russia without any restrictions. Analysts estimate that the foreign companies that  left the Russian Federation employed 307,300 people (more than 22% of the international companies’ staff in Russia). In 2021, they paid $3.3B in taxes, 13.4% of the total amount of taxes paid by foreign businesses to Russian budgets at all levels.

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