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

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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

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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A co-founder of the New York Group — a collective of Ukrainian emigre writers — Tarnawsky helped to expand and redefine contemporary Ukrainian literature through his embrace of narrative structure experimentation and linguistic innovation.

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