INSUBCONTINENT EXCLUSIVE:
U.S., French and German corporations continued to dominate the Russian market in 2023 despite the Western business exodus sparked by the war
companies gain ground, reflects the major geopolitical shifts that have taken place since Russia's invasion of its neighbor in February
companies listed in 2022 reappearing in the latest ranking.China, which has six companies on the 2023 ranking, ranked second, while last
2 Germany shares third place with France and Turkey at five companies each.Chinese carmakers and consumer electronics manufacturers gained
spots in the top 50 for the first time, while Spain, Latvia and Sweden disappeared from the list.Notable absences from the latest list
Toyota (7th) and Samsung (9th).This year, the French home improvement retailer Leroy Merlin took first place with an estimated 529.7 billion
cede control of its Russian stores to local management pending approval by the Kremlin
leaving the country to sell their assets to Russian buyers at a 50% discount and charged them an exit fee of at least 10% of the transaction
of Ukraine, according to the Kyiv School of Economics.
