However, over time, the situation has changed somewhat. Some companies that have announced their exit from russia continue to work there, while others have reduced their presence on the russian market but have not completely stopped their activities, National Resistance Center of Ukraine reports.
Companies that still work in russia
Although many foreign companies stopped operating in russia after the start of full-scale russian aggression against Ukraine, according to data collected by the Kyiv School of Economics, more than 1,600 companies remain on the russian market.
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Top 10 most prominent international companies still operating in russia in 2024
American companies maintained their leadership in the ranking of the largest foreign companies in russia, according to the russian Forbes, despite the outflow of foreign business from russia due to its aggressive war against Ukraine:
- Leroy Merlin.
- JT Group.
- Philip Morris International.
- PepsiCo.
- Auchan.
- Nestlé.
- Alibaba.
- Unilever.
- Mondelez.
- Xiaomi.
Why is it necessary to put economic pressure on the aggressor country?
International companies, having stopped their activities in russia, have a huge influence on the development of russian aggression in Ukraine. This is because the russian economy is highly dependent on foreign technologies, goods, and capital.
If the russian economy collapses, the Kremlin will not be able to finance the war in Ukraine, the production of missiles, and the development of new weapons. That is why exiting the russian market will be the most profitable way for global companies to support Ukraine.
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