Economists estimated the share of Western companies that left Russia

At the beginning of hostilities in Ukraine, 2.4 thousand subsidiaries of 1.4 thousand firms from the EU and G7 countries were working in Russia. By November, only 8 had left the Russian market,

Since the beginning of the Russian military operation in Ukraine and the subsequent tough Western sanctions, less than 9% of companies from the EU and G7 countries have left Russia, according to a study by economists from the Swiss IMD Institute and the University of St. Gallen Niccolo Pisani and Simon Evenett.

As of February, 2,405 subsidiaries of 1,404 firms from the EU and the G7 operated in Russia. By the end of November, 120 Western firms, or about 8.5%, had sold at least one subsidiary in the country, according to the report. According to the authors, "these data cast doubt on the willingness of Western firms to separate from the economies of countries that their governments now consider geopolitical rivals."

According to economists, less than 18% of subsidiaries from the United States left Russia , 15% from Japan and only 8.3% from the European Union. Of those who remained in the country, 19.5% are from companies from Germany, 12.4% from the United States.

McDonald's, Paulig, Starbucks: what are familiar brands now called 

According to experts from Yale University, such Western enterprises as Ford, Renault, McDonald's, IKEA and Shell have completely left Russia. However, many others, such as one of the world leaders in the food and household products market Unilever, the American fast food chain Subway and the Italian pasta maker Barilla, continue to work.

According to the Center for Strategic Research (CSR), as of early September, 34% of the largest foreign companies limited their activities in Russia, 15% decided to leave the country through the transfer of a local division to a new owner, and 7% announced a complete exit from the market without selling the business. Their losses amounted to $ 200-240 billion, with the largest losses suffered by firms from the US and the UK.

In connection with the restrictions, the Russian government allowed the import of sought-after original foreign-made goods into the country and abolished responsibility for the so-called parallel imports. According to the Federal Customs Service, by December the volume of goods imported into the country under this mechanism exceeded $20 billion.

Read on RBC Pro How terrible 2023 will be for investors - The Economist Prepare for layoffs: what awaits the labor market in the IT sector in 2023 What difficulties do investors face when buying diamonds in Russia It is forbidden to sell gold abroad below the world price.What to do business