INSUBCONTINENT EXCLUSIVE:
Some 250 companies have left Russia or cut operations in the country since President Vladimir Putin moved to invade Ukraine on Feb
24, according to the Yale School of Management.Firms that have invested billions of dollars in the Russian market over the last three
like Apple and Microsoft and energy majors such as BP and Shell, as well as a string of automakers and retail chains
Some have left the market altogether, while others have announced a suspension of sales and shipments.The closures are set to lead to tens
in the wake of its actions in Ukraine.The country is expecting to face its worst economic crisis since the fall of the Soviet Union and the
Western sanctions that has created mounting technical difficulties to operating in Russia
That has added to a moral backlash among company executives, investors and Western customers pushing for businesses to cut their ties with
Moscow has also sought to frustrate the exodus, telling stock market brokers to reject sell orders from foreign clients when the Russian
stock markets open back up for trading, and has said it will block the ability of private investors to exit their stakes in Russian
the West to pull out of the country, as reports of civilian deaths and allegations of Russian war crimes in Ukraine continue to mount.
