Russia is forcing Western companies exiting its market to make a donation to the country — and it's making it harder for them to leave
exodus of companies
it invaded Ukraine, but some have remained — either voluntarily or due to challenges in leaving the Russian market. While over 1,000 companies quickly announced that they were voluntarily cutting back on operations in Russia just two months after the Ukraine war started in February 2022, just 520 companies have managed to make a clean break so far,About 550 foreign companies are still actively operating in the country, according toIt is difficult for multinationals to pack up and leave Russia from Saul Estrin and Klaus E Meyer, professors at the London School of Economics and Ivey Business School,...
Chief among them is that foreign business subsidiaries need to comply with a multitude of Russian policies. "The subsidiary would typically have many contractual and legal obligations from which it cannot simply walk away," wrote Estrin and Meyer."A sudden withdrawal is likely to result in legal action by business partners, or by the authorities."
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