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externalOver 1,000 companies have left Russia since Feb. 24.

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May 31, 2022 8:23 amby The Kyiv Independent news desk

According to data analyzed by Kyiv School of Economics, at least 1,037 western companies have left Russia. As of May 29, companies that declared a complete withdrawal from Russia had $32.5 billion in revenues and $19.9 billion in capital. More than half (50.2%) of foreign companies have already announced their withdrawal from the Russian market, 21.2% have reduced current operations and hold off new investments, but another 28.6% remain in the country.

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The Kyiv Independent news desk
Author:  The Kyiv Independent news desk

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