The ECB urges banks to quicken their exit from the Russian Market. The European Central Bank is pushing lenders from the region that still have operations in Russia to accelerate plans to shrink or exit units in the market after President Vladimir Putin’s full-scale ... #AndreaEnria #ECB #ForeignCompaniesInRussia #RaiffeisenbankRussia #RussianMarket
The EU will ease sanctions to help European companies leave the Russian market. EU countries fear their companies will have to pay taxes introduced by the Russian government to finance the war. Therefore, the 11th package of sanctions against Russia will include special permits f... #EUsanctionsPackage #ForeignCompaniesInRussia #RussianMarket #SanctionsAgainstRussia
More than 20 companies, including KFC and Mercedes-Benz, left the Russian market in April. According to a KSE Institute study only 18.2% of foreign companies that had opened local operations and processed sales in Russia have completely ceased their activities and finally left the Russian m... #CompaniesleftRussia #ForeignCompaniesInRussia #RussianMarket
About 40% of foreign companies continue to work in Russia. As of February 12, only 6.2% of foreign businesses have closed their operations and exited the Russian market. At the same time, 39.7% of companies continue to work in the Russian Federation without r... #ForeignCompaniesInRussia #RussianMarket
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. Ho... #ForeignCompaniesInRussia #RussianMarket
