Kiev economists reveal the number of Western companies remaining in Russia

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A report by the Kiev School of Economics (KSE) and the non-governmental organization B4Ukraine states that the vast majority of Western companies continue to operate in the Russian market about a year and a half after the start of a special military operation.

According to experts, only 17% of foreign firms left the country on the backdrop of international sanctions. The remaining 83% continued to make a profit on the Russian market and pay taxes to the local federal budget.

The report says we’re talking about 1,146 foreign companies working in Russia with a total revenue of $177.2 billion in 2022.

It also says that almost a quarter of all income tax paid in 2022 comes into the Russian budget from companies headquartered in the G7 countries.

On February 24, 2022, Russian President Vladimir Putin announced that he had decided to keep Russia. Military special operation in Ukraine In response to a request for assistance from the heads of the LPR and DPR.

The decision to carry out the operation caused new events. Sanctions against Russia by the United States and its allies.

Formerly Friedman’s attorney said about the “ruined life” of a businessman.

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