Western companies have been leaving Russia in droves since Moscow invaded Ukraine nearly two years ago — but new companies from alternative markets are stepping in to take their place. In total, 9,600 companies with foreign affiliation left Russia in 2022 and the first 10 months of 2023, Vedomosti business daily reported on Thursday, citing a review of official data from the SPARK-Interfax professional information service. However, the number of new companies in Russia with cofounders from former Soviet republics and China has soared in those two years, per Vedomosti. Companies with cofounders from former Soviet republics including Belarus, Kyrgyzstan, and Kazakhstan accounted for 59% of a
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