Total, Raiffeisen, Pepsi & Co: Profits of Western businesses that decided to stay in Russia have skyrocketed

Many foreign companies released statements about leaving Russia soon after the invasion of Ukraine. Almost a year and a half later, it can be stated that only a small part of foreign companies left Russia. According to calculations made by the Kyiv School of Economics, only 7% of Western companies halted all operations in Russia, another 10% suspended their work but could make a return, while 41% are operating just like before. In 2022, their profits soared.