Companies around the world are finding out that leaving Russia isn’t as easy as the first announcements might have made it seem. When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately. Others vowed to curtail sales and new investment. Increasingly, Russia has put hurdles in the way […]
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It’s not so simple for companies to leave Russia; Others quietly staying put
Companies around the world are finding out that leaving Russia isn’t as easy as the first announcements might have made it seem. When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately. Others vowed to curtail sales and new investment. Increasingly, Russia has put hurdles in the way of companies that want out, requiring approval by a government commission and in some cases from President Vladimir Putin himself, while imposing painful discounts and taxes on sale prices. They also risk running afoul of Western sanctions and public opinion.