UK Business

Four reasons why western companies have been 'trapped' in Russia since it invaded Ukraine

Written by Simon Evenett, Professor of International Trade and Economic Development, University of St.Gallen

Public pressure for greater sanctions on Russia also affects western companies that have not yet left the country.Sandor Szmutko/Shutterstock

More than 600 days since Russia invaded Ukraine, over 1,400 international companies are still operating in Russia. Only a small percentage of western firms have been able to close down their operations in the...

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