Reducing Foreign Presence In The Russian Manufacturing Industry: The Results Of 2022 And The Immediate Prospects

The withdrawal of foreign companies from the Russian market due to a change in the political situation has been a new trend for the Russian economy. The study shows that the actual scale of closure of foreign legal entities is insignificant, and even smaller than in previous years: the maximum number of legal entities was closed during 2018-2019. With that, until 2021, there were no noticeable differences in behavior between Russian and foreign companies, no intentions to reduce or limit their activities. Given the time it takes to comply with regulatory requirements for company closures, the decisions announced in 2022 are likely to affect the exit statistics of foreign organizations in 2023-2024. In addition, a possible future change in the behavior of foreign owners, in the form of restrictions or suspension of activities without the formal closure of companies will require a separate study, based on the results of 2022-2023.

Keywords

foreign companies, business demographics, exit from the market

Received

24.04.2023

Publication date

25.04.2023

Number of characters

18898

Cite

GOST	Kalinin A. Reducing Foreign Presence In The Russian Manufacturing Industry: The Results Of 2022 And The Immediate Prospects // Obshchestvo i ekonomika – 2023. – Issue 4 C. 53-63 [Electronic resource]. URL: https://oie.jes.su/S020736760025154-8-1 (circulation date: 04.05.2024). DOI: 10.31857/S020736760025154-8
MLA	Kalinin, Alexey "Reducing Foreign Presence In The Russian Manufacturing Industry: The Results Of 2022 And The Immediate Prospects." Obshchestvo i ekonomika 4 (2023):53-63. DOI: 10.31857/S020736760025154-8
APA	Kalinin A. (2023). Reducing Foreign Presence In The Russian Manufacturing Industry: The Results Of 2022 And The Immediate Prospects. Obshchestvo i ekonomika (4), pp.53-63 DOI: 10.31857/S020736760025154-8

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