Information about the mass exodus of foreign companies from Russia turned out to be an exaggeration; most of them continue their operations in the Russian Federation. Robert Agee, President and CEO of the American Chamber of Commerce in Russia, said this in St. He stated at the St. Petersburg Economic Forum. TASS.
Agee called reports that most Western companies were closing their businesses in Russia “misinformation.”
“They are here, they are working and they are working well. “We’re just sitting quietly, we don’t want to make it clear that we’re all here,” Agee said.
On May 28, the Financial Times reported that hundreds of Western companies denied from plans to exit the Russian market due to the unfavorable conditions of such a step and the growth of consumer activity in the Russian Federation. According to the FT, more than 2.1 thousand international companies currently continue to operate in Russia. These include Avon Products, Air Liquide and Reckitt, Unilever, Nestle and Philip Morris. At the same time, nearly 1.6 thousand brands in the country withdrew from the market or restricted their activities.
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Source: Gazeta
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