Many Western companies that planned to leave the Russian market in 2022 continued to operate. Among those who did not want to lose profits were giants such as Avon Products, Air Liquide, and Reckitt. This was reported by the British newspaper The Financial Times.
At the same time, the decision to stay was dictated not only by the desire to preserve profits. According to the FT, the Russian authorities put forward unfavorable conditions for foreign companies to leave the country.
A tough and effective procedure hinders exit, while a growing Russian market and consumer activity contribute to dynamic development.
According to the publication, more than 2,100 international companies remained in the Russian Federation. At the same time, about 1,600 companies left the Russian Federation or reduced business activity.
Russia introduced the so-called "exit tax." The size of the "voluntary" contribution of foreign business is about 15% of the sale value of Russian assets.
Earlier, www1.ru reported that Volkswagen got rid of two subsidiaries in Russia.
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