Most foreign companies continue to operate in Russia.
The companies that received the largest revenue on the Russian market in 2020 continue their work in Russia. This conclusion was made based on the study of the activities of the largest foreign companies in Russia.
After the introduction of sanctions against Russia, many foreign companies decided to cease operations in Russia. This was mainly done due to the difficulties associated with the delivery of goods and components, since in March many transport companies announced the suspension of cargo transportation to Russia.
At the same time, the Russian authorities announced that companies that fulfill all their obligations in full can continue their activities in Russia without any problems.
The results of the analysis of the work of foreign companies in Russia by industry.
Almost all automobile manufacturers announced the suspension of their activities due to the disruption of logistics chains and the termination of the supply of components. Among them are such companies as: Volkswagen, Renault, Toyota, Nissan, Kia, Hyundai, Mercedes, BMW. However, none of the automakers announced their final departure from Russia.
The British American Tobacco company stops working. Phillip Morris International plans to restructure the business. Japan Tobacco International has suspended investments in Russia.
The largest manufacturers of food and beverages (PepsiCo, Nestle, Danone, Procter & Gamble) have not announced their plans to close factories. All companies have announced that they will not make new investments, nor will they conduct marketing activities.
The largest companies continue to operate in Russia. Among them: Leroy Merlin, Auchan, Metro Cash and Carry, Globus, IKEA.
Technology companies that are engaged in manufacturing in Russia continue their work. Factories of Samsung, LG, Bosch companies still operate in Russia.
Shell announced its withdrawal from Russia by selling its stake in all Russian projects. BP also announced its withdrawal from the Russian market. The Austrian company OMV stops importing and refining oil from Russia. The Norwegian company Equinor also announces the termination of trade in Russian oil.
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