PEP - To Leave Or Not To Leave Russia? Western Firms Grapple With Dilemma Amid Rising Costs And Bureaucratic Hurdles | Benzinga
As the corporate exodus from Russia faces increasing complications, multinational companies are finding themselves caught between a rock and a hard place. With the geopolitical situation intensifying, the business landscape for firms like Avon Products, Air Liquide (OTC:AIQUY), and Reckitt remains precarious and fraught with challenges.
What Happened: Companies including the Natura-owned cosmetics brand, the French industrial gas producer, and the UK consumer group have struggled to divest their Russian operations amidst a resurgence in consumer activity, the Financial Times reported on Tuesday that over 2,100 multinational firms are still operating in Russia since the invasion of Ukraine in 2022.
While around 1,600 international companies have either left or reduced their presence, many remain due to the hurdles of finding suitable buyers that meet both the sellers’ criteria and Moscow’s approval, all while ...