About 6% of large Swiss companies leaving the Russian market due to a special operation in Ukraine want to return within the next three years. About reported In a survey published by the Swiss bank research institute Credit Suisse.
“In addition, 6% of large companies surveyed plan to start or continue their activities in Russia in the next three years,” the publication said.
According to Credit Suisse, 4% of micro enterprises, 3% of small enterprises, 8% of medium-sized enterprises and almost one in four large companies ceased operations in Russia last year.
At the same time, many foreign companies working with Swiss companies negatively perceived Switzerland’s support of sanctions against the Russian Federation. The survey showed that 40% had a negative reaction to this decision from their business partners.
November 8, RANEPA Vladimir Klimanov, Head of the Department for State Regulation of the Economy, Institute of Social Sciences (ION) declarationThat Western cosmetics brands are returning to Russia despite the sanctions because this market is beneficial for them. In addition, according to him, deep-rooted ties continue between Russian manufacturers and Western companies that make production profitable.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.