Russia fact of the day

Less than Nine Percent of Western Firms Have Divested from Russia

And here is part of the abstract:

We gathered extensive data on equity investments made by foreign companies headquartered in the European Union (EU) and G7 nations and checked whether following the outbreak of armed conflict divestment of their Russian subsidiaries could be confirmed. At the end of November 2022, our analysis shows that 8.5% of EU and G7 companies had divested at least one of their Russian subsidiaries. We performed extensive robustness checks that confirm our overall findings while also revealing some notable variation in divestment rates.

That is from a recent paper by EVenett and Pisani, via Charles Klingman.


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