Nearly 200 corporations pull from Russian market

This was reported by Kyiv School of Economics, Ukrinform noticed.

“The variety of corporations which have accomplished their exit from the Russian Federation is 191 (+8 over the previous week),” the assertion reads.

One other 496 international corporations curbed present operations or suspended new investments in Russia. On the identical time, 1,223 corporations proceed to function out there of the aggressor state.

In keeping with KSE, as of February 12, the businesses which have already fully left the Russian Federation had practically 326,600 staff, $45.2 billion in annual income, $35.2 billion in capital, and $41.2 billion in property.

The businesses that suspended their operations on the Russian market had 239,000 staff. personnel, annual income of $32 billion, $13.6 billion in capital, and $28.6 billion in property.

Kyiv Faculty of Economics notes that on the outset of Russian invasion, the share of corporations closing down operations in Russia rose sharply till mid-March however over the last 5 months, the ratio of those that are leaving or staying has virtually not modified, though a periodic improve is noticed within the share of corporations that stay on the Russian market (as new corporations are added to the database). Nonetheless, if basic figures are used within the KSE database, about 38.0% of corporations have already introduced their exit from the Russian market or have suspended their operations, whereas 39.7% are nonetheless current within the nation, 16.1% are but to decide, and solely 6.2% have accomplished their exit.

As reported by Ukrinform, not less than 109 giant and medium-sized Ukrainian companies suffered direct losses because of the full-scale invasion, with the whole quantity of damages estimated at $13 billion.