{"id":14242,"date":"2024-07-05T15:52:49","date_gmt":"2024-07-05T13:52:49","guid":{"rendered":"https:\/\/stage.kse.ua\/news\/in-2023-the-top-10-companies-in-russia-generated-more-than-46-billion-in-revenue-kse-institute-research\/"},"modified":"2026-10-15T09:45:28","modified_gmt":"2026-10-15T09:45:28","slug":"in-2023-the-top-10-companies-in-russia-generated-more-than-46-billion-in-revenue-kse-institute-research","status":"publish","type":"news","link":"https:\/\/kse.ua\/en\/news\/in-2023-the-top-10-companies-in-russia-generated-more-than-46-billion-in-revenue-kse-institute-research\/","title":{"rendered":"In 2023, the top 10 companies in Russia generated more than $46 billion in revenue \u2014 KSE Institute research"},"content":{"rendered":"<p>In the third year of the full-scale invasion, only 409 foreign companies left the Russian market. In June, the American machine-building company John Deere and the mobile video game developer Playrix were added to this list. At the same time, the TOP-10 companies, namely such giants as Philip Morris, Japan Tobacco International, Pepsi, and others, managed to earn more than $46 billion last year.<\/p>\n<p>These <a href=\"https:\/\/kse.ua\/en\/news\/66th-issue-of-the-regular-digest-on-impact-of-foreign-companies-exit-on-rf-economy\/\">findings<\/a> are part of the KSE Institute\u2019s regular digest under the <a href=\"https:\/\/kse.ua\/en\/kse-institute\/self-sanctions-leaverussia\/\">Self-Sanctions\/LeaveRussia<\/a> project, examining the repercussions of foreign business withdrawals on the Russian economy.<\/p>\n<p>According to experts at the Kyiv School of Economics, in 2023, the largest international companies alone earned more than $46.7 billion in revenue in Russia, including: Philip Morris ($6.933 billion), Japan Tobacco International ($6.733 billion), Chery Automobile ($6.531 billion), Leroy Merlin (estimated $6.430 billion), Pepsi ($4.165 billion), Haval Motor ($3.793 billion), Auchan ($3.270 billion), Raiffeisen Bank ($3.052 billion), Mars (estimated $2.941 billion), and Nestle (estimated $2.847 billion).<\/p>\n<p>Moreover, some companies and banks were even able to generate even more revenue in 2023 than in 2022. For example, Chery Automobile (+$4.377 billion), Haval Motor (+$2.584 billion), Raiffeisen Bank (+$937 million), and Mars (+$295 million).<\/p>\n<p>In total, according to KSE, 2085 international companies remain in Russia 2085 international companies, another 1344 businesses are &#8220;leaving&#8221; by winding down their operations, and only 409 have finally completed their exit from Russia.<\/p>\n<p>In June 2024, four companies were added to this list, liquidating their businesses: <a href=\"https:\/\/leave-russia.org\/leica-camera-ag\">Leica Camera AG<\/a>, <a href=\"https:\/\/leave-russia.org\/nxp-semiconductors\">NXP Semiconductors<\/a>, <a href=\"https:\/\/leave-russia.org\/playrix\">Playrix<\/a>, <a href=\"https:\/\/leave-russia.org\/texas-instruments\">Texas Instruments<\/a>. Nine companies also sold their businesses: <a href=\"https:\/\/leave-russia.org\/dialog-axiata\">Dialog Axiata<\/a>, <a href=\"https:\/\/leave-russia.org\/doka-gmbh\">Doka GmbH<\/a>, <a href=\"https:\/\/leave-russia.org\/euler-hermes\">Euler Hermes<\/a>, <a href=\"https:\/\/leave-russia.org\/global-spirits\">Global Spirits<\/a>, <a href=\"https:\/\/leave-russia.org\/grundfos\">Grundfos<\/a>, <a href=\"https:\/\/leave-russia.org\/home-shopping-europe\">HSE (Home Shopping Europe)<\/a>, <a href=\"https:\/\/leave-russia.org\/deere-company\">John Deere<\/a>, <a href=\"https:\/\/leave-russia.org\/wirtgen-international-service\">Wirtgen-International-Service<\/a>, and <a href=\"https:\/\/leave-russia.org\/yusen-logistics\">Yusen Logistics<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the third year of the full-scale invasion, only 409 foreign companies left the Russian market. In June, the American machine-building company John Deere and the mobile video game developer Playrix were added to this list. At the same time, the TOP-10 companies, namely such giants as Philip Morris, Japan Tobacco International, Pepsi, and others,\u2026<\/p>\n","protected":false},"featured_media":8339,"template":"","categories":[251],"tags":[242,254,272],"department":[],"news_type":[224],"project":[270],"region":[108],"unit":[223],"class_list":["post-14242","news","type-news","status-publish","has-post-thumbnail","hentry","category-sanctions-en","tag-revenues-en","tag-sanctions-en","tag-self-sanctions-en","news_type-research","project-leave-russia-en","region-russia","unit-institute-en"],"acf":{"primary_unit":223,"news_intro":"","header_cta_mode":"event","header_event_cta_text":"\u0414\u043e \u043f\u043e\u0434\u0456\u0457","header_event_cta_url":"","header_research_cta_text":"\u0427\u0438\u0442\u0430\u0442\u0438 \u0432\u0441\u0435 \u0434\u043e\u0441\u043b\u0456\u0434\u0436\u0435\u043d\u043d\u044f","header_research_pdf":null,"author_person":"","author_name":"","related_news":null,"related_events":[],"related_people":[],"related_links":null,"external_link":"","external_link_label":"","is_featured":false,"is_featured_archive":false,"quote_text":"","quote_author":"","quote_author_role":"","program_title":"\u0424\u043e\u0440\u043c\u0430\u0442 \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u0438","program_items":null,"reference_title":"\u0414\u043e\u0432\u0456\u0434\u043a\u0430","reference_content":"","source_system":"migration","source_id":"60640","content_owner":"kse","last_reviewed":null,"visibility":"public","platform_id":"","platform_version":"","platform_managed":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>In 2023, the top 10 companies in Russia generated more than $46 billion in revenue \u2014 KSE Institute research - KSE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kse.ua\/en\/news\/in-2023-the-top-10-companies-in-russia-generated-more-than-46-billion-in-revenue-kse-institute-research\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In 2023, the top 10 companies in Russia generated more than $46 billion in revenue \u2014 KSE Institute research\" \/>\n<meta property=\"og:description\" content=\"In the third year of the full-scale invasion, only 409 foreign companies left the Russian market. In June, the American machine-building company John Deere and the mobile video game developer Playrix were added to this list. 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