Published on 28 May 2024 on Benzinga
To Leave Or Not To Leave Russia? Western Firms Grapple With Dilemma Amid Rising Costs And...
As the corporate exodus from Russia faces increasing complications, multinational companies are finding themselves caught between a rock and a hard place. With the geopolitical situation intensifying, the business landscape for firms like Avon Products, Air Liquide AIQUY, and Reckitt remains precarious and fraught with challenges.
What Happened: Companies including the Natura-owned cosmetics brand, the French industrial gas producer, and the UK consumer group have struggled to divest their Russian operations amidst a resurgence in consumer activity, the Financial Times reported on Tuesday that over 2,100 multinational firms are still operating in Russia since the invasion of Ukraine in 2022.