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What countries are the enterprises that are still operating in Russia? A global, EU, and G20 perspective

Trường Lăng

June 6, 2022

News

What countries are the enterprises that are still operating in Russia? A global, EU, and G20 perspective

Trường Lăng

June 6, 2022

Investment Monitor’s research indicates which countries in the EU, the G20, and the rest of the world have made the slowest corporate exit from Russia.

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The China Construction Bank is one of many Chinese companies currently operating in Russia.

According to data compiled by the Yale School of Management, more than 1,200 international corporations have cut or abandoned business relations with Russia in the aftermath of Vladimir Putin’s invasion of Ukraine. Its authoritative list of corporations, which is updated weekly, is critical in rewarding and shaming enterprises that have taken political action in Russia.

Countries with the greatest number of firms are still doing nothing.

From a worldwide viewpoint, China has the greatest number of enterprises that continue to operate in Russia as usual.

In particular, 41 Chinese companies in Russia, including China Construction Bank, have taken no action in the nation. The United States comes in second with 29 enterprises, followed by France with 25, Germany with 14, and India with 13.

Which countries have the most firms in Russia that have taken no action?

Globally, the number of enterprises who have taken no action in Russia (in absolute terms).

However, the amount of corporations that have taken action in these countries is not included in this disgraceful list. As a result, when the statistics are recalculated as a ratio, the results are substantially different, as seen in the charts below.

Which of the G20 countries has the most dormant firms in Russia?

Businesses from Turkey, China, and India have taken the least action in Russia among the G20, the world’s most powerful collection of countries in terms of political and economic strength.

Turkey fared the worst, with all five of its Russian subsidiaries (including Pegasus Airlines) continuing to operate normally. China is next, with 41 of the 51 Chinese enterprises operating in Russia taking no action. India is in third place, with 13 of its 22 enterprises in Russia remaining unaffected.

Turkey, China, and India have taken the fewest steps in Russia among the G20 nations.

The proportion of G20 firms that have taken no political action in Russia (in percent)

However, Western countries do well in this ranking, with Italy, France, Germany, and the United States standing out (in that order).

Source : IM

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