The study focused on companies that have given up their equity stake or sold at least one subsidiary Less than 9% of companies from the EU and G7 countries that owned subsidiaries in Russia have left the country since the introduction of sanctions last year, research by economists from Switzerland’s University of St. Gallen has found. The study, based on information from OBRIS, a global database containing information on millions of companies, showed that 36,000 international companies, including 3,444 subsidiaries of foreign entities, were operating in Russia as of April 2022, with a total of 2,405 subsidiaries o
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