A year after the start of the all-out war in Ukraine, the departure of foreign brands present on the Russian market, announced in 2022, is still ongoing. Some such brands left, others remained; some demanded time, others left the market, after which they returned through intermediaries.

This is what the complex landscape of the largest private sector boycott of the world economy looks like. Proof that reality trumps touchy-feely press releases and statements of solidarity.

Despite this, the list of foreign companies and brands that have left Russia is unprecedented in commercial relations and business of our time, and the consequences of this will be felt for many years. Some of them will be irreversible, analysts believe.

A team led by a Yale University professor keeps the most detailed record of the outflow of foreign companies from Russia throughout the year. From it, we know that there are more than 1,000 companies that have announced their departure, although there are not so many that have actually left the Russian market.

Read more at Panorama.ro