Estimated number of international companies preparing to leave…


(MENAFN) In reaction to Moscow’s military campaign in neighboring Ukraine, which began in late February, only a tiny fraction of German and Japanese companies apparently intend to completely suspend their activities in Russia.

Only 4% of the 1,050 member companies surveyed who had previously worked in the sanctioned country expressed a desire to leave, according to the most recent data released on Sunday by the Russian and German Chamber of Commerce.

The business lobby said “the others plan to either continue operating in the market without any changes, or partially abandon new projects or change their structure.”

Less than 3% of Japanese companies said they intended to leave Russia following events in Ukraine, according to a Kyodo News article published earlier today.

According to a study by Teikoku Databank, published by the media, a significant number of Japanese companies were reluctant to exit the Russian market, with many simply halting operations in hopes of returning in the future.


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