As of May 28, 2024, 543 foreign companies were reported to have completely withdrawn from Russia over its invasion of Ukraine that began in February 2022. Furthermore, more than 500 businesses temporarily suspended most or almost all operations in the country, while keeping options for return open.
Number of foreign companies in Russia by response to the war in Ukraine as of May 28, 2024
Characteristic
Number of companies
Withdrawal (totally halting Russian engagements or completely exiting Russia)
543
Suspension (temporarily curtailing most or nearly all operations while keeping return options open)
505
Scaling back (reducing some significant business operations but continuing some others)
152
Buying time (holding off new investments / development while continuing substantive business)
174
Digging in (defying demands for exit or reduction of activities, continuing business-as-usual in Russia)
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Yale University. (May 28, 2024). Number of foreign companies in Russia by response to the war in Ukraine as of May 28, 2024 [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1308773/foreign-company-response-to-russia-ukraine-war/
Yale University. "Number of foreign companies in Russia by response to the war in Ukraine as of May 28, 2024." Chart. May 28, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1308773/foreign-company-response-to-russia-ukraine-war/
Yale University. (2024). Number of foreign companies in Russia by response to the war in Ukraine as of May 28, 2024. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1308773/foreign-company-response-to-russia-ukraine-war/
Yale University. "Number of Foreign Companies in Russia by Response to The War in Ukraine as of May 28, 2024." Statista, Statista Inc., 28 May 2024, https://www.statista.com/statistics/1308773/foreign-company-response-to-russia-ukraine-war/
Yale University, Number of foreign companies in Russia by response to the war in Ukraine as of May 28, 2024 Statista, https://www.statista.com/statistics/1308773/foreign-company-response-to-russia-ukraine-war/ (last visited December 19, 2024)
Number of foreign companies in Russia by response to the war in Ukraine as of May 28, 2024 [Graph], Yale University, May 28, 2024. [Online]. Available: https://www.statista.com/statistics/1308773/foreign-company-response-to-russia-ukraine-war/
