{"id":13442,"date":"2023-02-13T10:24:32","date_gmt":"2023-02-13T08:24:32","guid":{"rendered":"https:\/\/stage.kse.ua\/news\/40th-issue-of-the-weekly-digest-on-impact-of-foreign-companies-exit-on-rf-economy\/"},"modified":"2026-10-14T11:44:50","modified_gmt":"2026-10-14T11:44:50","slug":"40th-issue-of-the-weekly-digest-on-impact-of-foreign-companies-exit-on-rf-economy","status":"publish","type":"news","link":"https:\/\/kse.ua\/en\/news\/40th-issue-of-the-weekly-digest-on-impact-of-foreign-companies-exit-on-rf-economy\/","title":{"rendered":"40th issue of the weekly digest on impact of foreign companies’ exit on RF economy"},"content":{"rendered":"

This is the last weekly digest and we will continue to provide updated information on a monthly basis from now on.<\/b>
\n<\/i><\/p>\n

Prepared by the KSE Institute team and KSE members of the Board of Directors with the support of the International Renaissance Foundation; 06.02-12.02.2023.<\/i><\/p>\n

Disclaimer: At the beginning of the Russian invasion of Ukraine KSE Institute launched an analytical project, which was named \u201cSelfSanctions\u201d, aimed to collect data on foreign companies operating in the Russian market and limiting or terminating their activities. Examination of data was conducted jointly with specialists from the Ministry of Economy, the Ministry of Foreign Affairs and the Ministry of Digital Transformation of Ukraine. The database contains a lot of information, we collect daily statistics on changes in the status of foreign companies operating\/operated in the Russian market and limiting or terminating their activities. Also, we created the Telegram bot https:\/\/t.me\/exit_ru_bot<\/a> for tracking\/monitoring of news on priority foreign companies (coverage 1, 2, 3 or 7 days of monitoring). Also, we do regular analysis of changes in share prices and capitalization of parent groups of companies that have or have had business in Russia.<\/em><\/p>\n

KSE database is partly based on the Yale\u2019s School of Management database<\/a>, the University of St.Gallen latest Paper<\/a>, epravda.com.ua<\/a>, squeezingputin.com<\/a>, https:\/\/bloody.energy\/<\/a> and leave-russia.org<\/a> websites and other open sources. Data is verified and KSE status is assigned. Data on stocks is taken from Google and Yahoo Finance. At the same time, the KSE database is more complete and comprehensive and contains much more information than most other similar databases, as it also includes data on number of staff, revenue, capital and other financial indicators, the latest updates and changes in statuses, links to used sources, and daily updates from the telegram-bot etc.<\/p>\n

KSE Institute and Leave Russia project are the part of <\/i>B4Ukraine Coalition<\/i><\/a> since mid-2022.<\/i><\/p>\n

KSE Institute is glad to announce have finalized merging <\/a>with project leave-russia.org<\/a> which was developed by a team of volunteers.<\/p>\n

Also, we became partners with Rubargo<\/a>. Rubargo allows you to find any brand or company that is operating in Russia just by scanning barcodes.
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Impose your personal sanctions by downloading app here:<\/i><\/b> Apple App Store<\/i><\/b><\/a> |<\/i><\/b> Google Play<\/i><\/b><\/a>.<\/i><\/b>KSE DATABASE SNAPSHOT as of 12.02.2023<\/b><\/p>\n

Number of the companies that continue Russian operations<\/b> (KSE\u2019s status \u00abstay<\/b>\u00bb\u00b9<\/b>) \u2013 1 223 (+3 per week)<\/b><\/p>\n

Number of the companies that have reduced current operations and hold off new Investments<\/b> (KSE\u2019s status \u00abwait<\/b>\u00bb<\/b>) \u2013 496 (+2 per week)<\/b><\/p>\n

Number of the companies that have curtailed Russian operations<\/b> (KSE\u2019s status \u00ableave<\/b>\u00bb<\/b>) \u2013 1 169 (+11 per week)<\/b><\/p>\n

Number of the companies that completed withdrawal from Russia<\/b> (KSE\u2019s status \u201cexited<\/b>\u201d) \u2013 191 (+8 per week)<\/b><\/p>\n

As of February 12,<\/b> we have identified about 3,079 companies, organizations and their brands from 88 countries and 57 industries<\/b> and analyzed their position on the Russian market. About 40% of them are public ones, for ~1 400 public groups of companies<\/b>, we also identified (where it was possible) their operating business in Russia (the presence of a controlling stake in a legal entity and revenue received) and updated the data for 2021, which allowed us to calculate the value of capital invested in the country (about $174.6 billion<\/b>), local revenue (about $300.7 billion<\/b>), local assets (about $286.1 billion<\/b>) as well as staff (about 1.420 million people<\/b>) and taxes paid (about $24.4 billion<\/b>). 1,665 foreign companies<\/b> have reduced, suspended or ceased operations in Russia. Also, we added information about 191<\/b> companies that have completed the sale of their business in Russia<\/a> based on the information collected from the official registers. Also this week we added a few new companies identified by Yale SOM and deleted another few where double entries were found.<\/p>\n

As can be seen from the tables below, as of February 12, 191 <\/b>companies which had already completely exited from the Russian Federation, had at least 326,600 personnel<\/b>, $45.2 bn in annual revenue<\/b>, $35.2bn in capital <\/b>and $41.2bn in assets<\/b>; companies, that declared a complete withdrawal from Russia had 199,000 personnel<\/b>, $42.2bn in revenues<\/b>, $17.5bn in capital <\/b>and $18.0bn in assets<\/b>; companies that suspended operations on the Russian market had 239,000 personnel<\/b>, annual revenue of $32.0bn<\/b>, $13.6bn in capital <\/b>and $28.6bn in assets<\/b>.<\/p>\n

\"RF_12_02_2023_ENG2\"<\/figure>\n

If since the beginning of the Russian invasion of Ukraine, the percentage of companies that closed operations in Russia has risen sharply by mid-March, in the last 5 months the ratio of those who leave or stay is virtually unchanged, although we still see a periodic increase in the share of those companies that remain in the Russian market (by adding new companies to the database). However, if to operate with the total numbers<\/b> in KSE database, about 38.0% of foreign companies have already announced their withdrawal from the Russian market or suspended their activity, but another 39.7% are still remaining in the country, 16.1% are waiting and only 6.2% made a complete exit\u00b3.<\/p>\n

At the same time, it is difficult not to overestimate the impact on the Russian economy of only 191 companies that completely left the country, since they employed 23.0% of the personnel employed in foreign companies, the companies owned about 14.4% of the assets, had 20.2% of capital invested by foreign companies, and in 2021 they generated revenue of $45.2 billion or 15.0% of total revenue and paid $3.3 billion of taxes or 13.4% of total taxes paid by the companies observed. Data on 1,400 TOP companies is presented in the table above.<\/p>\n

\"RF_12_02_2023_ENG3\"<\/figure>\n
\"RF_12_02_2023_ENG4\"<\/figure>\n
\"RF_12_02_2023_ENG5\"<\/figure>\n

As it is visible on the charts above, roughly similar % of exited <\/b>is obtained based on number of companies (14%) and on share of revenue withdrawn (15%). At the same time, a totally different picture is for those who are still staying <\/b>– 48% of companies represent 23% of revenue and 16% of waiting <\/b>companies represent 37% of revenue generated in Russia. The conclusion could be that smaller companies with lower revenue prefer to stay and those who have higher revenue are more eager to wait, limiting their investments as an excuse (at the same time they continue to earn and reinvest their local profit).<\/p>\n

\"RF_12_02_2023_ENG6\"<\/figure>\n

More infographics and analytics see in the special section of our website at the link https:\/\/leave-russia.org\/bi-analytics<\/a><\/p>\n

WEEKLY FOCUS: Summary of our work results for the last 11 months<\/b><\/p>\n

In this digest, we will summarize our work results since May 2022 (when the first issue of our digest was released) and, in general, since the beginning of the project, which began in the first days of the war.<\/p>\n

As of now, we made in-depth analysis of such industries and important topics as:<\/p>\n\n\n\n\n\n
Banking Sector<\/a><\/td>\nGas Payments in Rubles<\/a><\/td>\nGold Mining<\/a><\/td>\nOil service companies<\/a><\/td>\nInternational sport<\/a><\/td>\n<\/tr>\n
Professional Services<\/a><\/td>\nAir Transportation<\/a><\/td>\nParallel Imports<\/a><\/td>\nPublic Catering<\/a><\/td>\nSmartphone Market<\/a><\/td>\n<\/tr>\n
Agriculture<\/a><\/td>\nBearings Production<\/a><\/td>\nAsian Companies (Not) Exiting Russia<\/a><\/td>\nHow much will foreign companies lose?<\/a><\/td>\nPharmaceutical business<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

Also, we made detailed reviews of 15 TOP (in terms of presence in Russia) country profiles:<\/p>\n

\u00a0<\/p>\n\n\n\n\n\n
USA<\/a><\/td>\nJapan<\/a><\/td>\nChina<\/a><\/td>\nFinland<\/a><\/td>\nPoland<\/a><\/td>\n<\/tr>\n
Germany<\/a><\/td>\nFrance<\/a><\/td>\nItaly<\/a><\/td>\nSweden<\/a><\/td>\nCanada<\/a><\/td>\n<\/tr>\n
Great Britain<\/a><\/td>\nSwitzerland<\/a><\/td>\nNetherlands<\/a><\/td>\nAustria<\/a><\/td>\nSouth Korea<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

Several interesting digest issues have been produced with analytical reviews on the following topics:<\/p>\n