The State Duma named the number of foreign companies remaining in the Russian Federation

Photo: © Izvestia/Pavel Volkov

More than 77% of foreign enterprises have decided to stay in Russia, regardless of sanctions and pressure imposed by the West. As State Duma speaker Vyacheslav Volodin said on his Telegram channel, 1382 foreign firms remained in the Russian Federation.

“Washington and Brussels flogged themselves. The sanctions policy led to higher prices, inflation and energy shortages“, Volodin wrote.

He stressed that foreign enterprises are reluctant to leave the Russian market, as this brings them not only serious losses, but also the lack of prospects for returning.

Recall that IKEA, which announced its resignation on June 15, began selling goods online, and H&M opened stores, announcing its intention to sell its business in Russia.

The German company Bosch is facing a lawsuit for violating consumer rights, since after leaving the Russian markets, the company cannot accept equipment for warranty service. For the same reason, the “Public Consumer Initiative” filed a lawsuit against Nike and threatened to sue IKEA.

After exiting the Russian market, McDonald’s lost $1.2 billion. Corporation expenses for the second quarter increased by 20%.

At the same time, Russian President Vladimir Putin at the forum “Strong Ideas for the New Times” stressed that the departure of Western firms makes Russia “get moving” and get rid of its dependence on foreign technologies.



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