Western companies have been withdrawing from Russia at breakneck speed since the beginning of the war. Some are the result of economic sanctions, some are voluntary boycotts out of outrage at the war, and often a mixture of both. Almost every day, new companies announce that they are putting their Russian business on hold, halting investments, selling holdings, or shutting everything down for the time being.
The consequences will be felt in everyday life in Russia: retail chains will board up their stores, credit card companies will stop providing service, car manufacturers will no longer deliver and all Russian plants will be shut down. Oil companies are selling billions in Russian energy sector stakes. And many German companies are also stopping their activities. An overview.