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Most foreign companies refused to leave Russia

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Most foreign companies refused to leave Russia


09.08.2022

Photo credit: E. Samarin / mos.ru (CC BY 4.0)

More than 77% of foreign companies refused to end their business in Russia, despite pressure, blackmail and sanctions from the West. Such data was provided by the speaker of the State Duma of Russia Vyacheslav Volodin, Readovka reports.

Volodin noted that 77.6% of 1382 companies operating in the country's market did not want to lose business, suffer losses and remained in the country. He stressed that foreign companies do not want to leave Russia, seeing the prospects of the market, as well as worrying about financial losses and subsequent difficulties with the return.

The State Duma Speaker stressed that all these circumstances led to the fact that even those who succumbed to pressure from Western countries and loudly announced their withdrawal from Russia did not burn bridges, but transferred assets to ''front men'' in order to save business and bypass sanctions.

According to Vyacheslav Volodin, the United States and the European Union ''flogged themselves,'' since the anti-Russian sanctions led to price increases, inflation and problems in the energy sector for them. According to Russian Ambassador to the United States Anatoly Antonov, Washington is stepping up sanctions pressure on Russia in order to squeeze the country out of world markets, freeing up its share for American companies.

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