Six times more companies pull from Russia now than from South Africa over 20 years of apartheid - Kuleba

Six times more companies pull from Russia now than from South Africa over 20 years of apartheid - Kuleba

Ukrinform
Over the 140 days of Russia's barbaric aggression against Ukraine, almost six times more foreign companies left the Russian market than South Africa during the 20 years of apartheid.

This was stated by Minister for Foreign Affairs of Ukraine Dmytro Kuleba, who spoke at an online briefing on Wednesday, an Ukrinform correspondent reports.

"According to the information of our partners at the Kyiv School of Economics, as of the beginning of this week, 1,157 companies have already left the Russian market, 469 have announced the termination of investments... For comparison: during apartheid in South Africa, for more than 20 years, it was only about 200 companies. In 140 days of barbaric aggression, almost six times more pulled out of Russia," said Kuleba.

Read also: Putin mobilizing Russian economy to sustain war in Ukraine

The top diplomat noted that operating in Russia today is associated with reputational risks that translate into financial losses, and once again called on international companies that remain there to leave the Russian market.

Since February 24, full-scale Russian military aggression has been ongoing in Ukraine. Democratic nations adopted a number of sanctions against the aggressor power.

Sign up for our free newsletter skorik@ukrinform.com.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2023 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-