A large number of companies headquartered in the EU and G7 countries continue to operate and invest in Russia. study on equity investments made by western companies.
Less than 9 percent of the nearly 1,400 EU and G7 companies that had subsidiaries in Russia before Moscow’s invasion have at least one subsidiary in the country by November 2022, according to data obtained by Professor Simon Evenet of the University of St. Gallen. The company was divested. and Professor Nicolo Pisani from the International Institute for Management Development. This is despite the harshest Western sanctions against Moscow ever since the start of the Ukraine war and media reports of many companies pulling out of the country.
“These findings call into question the willingness of Western firms to decouple from economies that their governments now regard as geopolitical rivals,” the study authors say in a report. Statement,
US-based companies accounted for more exits (just under 18 percent) than companies based in the European Union (8.3 percent) and Japan (15 percent).
Some of the world’s biggest companies, such as Ford, Renault, McDonald’s, Ikea and Shell, are among dozens of Western businesses that have pulled out of Russia entirely. List Compiled by Yale University.
Still, many others, such as the giant consumer goods UnileverUS fast food franchise Subway and italian pasta maker barilla continue to work in the country.
According to the study, most of the Western companies that are fully active in Russia are German.
It comes as officials and business chiefs meet for the World Economic Forum in Davos, while also garnering more military and economic support for Kyiv Establishment Behind the scenes questions are how long the global business community can isolate Moscow and find new markets for energy, metals and food.