The Companies that have Stayed Operational within the Russian Economy now Face Nationalization by Putin
The cost of leaving the country can come with major consequences, but not not this big...
Since Russia has invaded Ukraine in what would consider an “imperial” way, nearly 300 companies have left the Russian market. 700 more companies have put a stoppage to new investments and projects as well as placed a stoppage on operations in the country. Firms from the United States and Europe are the majority of the list including companies such as Citi Group Bank, Goldman Sachs, Burberry, IBM, Snapchat, Twitter, Adidas, and Intel.
Regardless of how well the Ruble is performing — no doubt it is the best performing currency this year — the consequence of the massive wave of company withdrawal from Russia has placed a dent in the Russian economy. Many economists and other experts indicate that the Russian economy has actually been set back nearly a decade even with the amount of petrodollar inflow.
Nearly 47 of the 200 biggest companies in the world are continuing to operate in the Russian economy. The cost of leaving the country can come with major consequences. However, with confusing and concerning moves from Russia, experts are saying companies staying in the country’s economy now face a high risk of nationalization.
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