Mercedes-Benz halted the sale and assembly of vehicles in Russia after Moscow invaded Ukraine. Nearly a year after the Russian invasion of Ukraine, more than 1,000 Western companies have left Russia including big oil , technology and pharmaceutical companies, under pressure from investors, consumers and politicians to pull up stakes as the war grinds on, according to data collected by the Yale School of Management. Despite the mass exodus out of Russia, around 200 foreign companies continue to operate there, Yale researchers say, in part because the Russian government has made it so difficult for them to leave by requiring lengthy approvals but also because Western sanctions preventing lawyers and investment bankers from advising on deals makes it hard to sell big assets. After the fall of the Berlin Wall and the demise of the Soviet Union, German industry in particular poured into Russia and the former Soviet satellite states. Now, they are finding it difficult to extricate themselves. After Moscow invaded Ukraine, Mercedes halted the sale and assembly of vehicles in Russia and vowed to divest its assets, but the disposal has been held up by the bureaucratic requirements and restrictions placed on foreign companies seeking to leave […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
