Bloomberg: the place of departed foreign companies has been replaced by a “new Russian elite”
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In the Russian Federation, the place of the departed foreign companies was replaced by a “new Russian elite after the start of a special operation in Ukraine. It is known that since the beginning of the SVO, foreign organizations have sold businesses for a total amount of more than $21 billion. Bloomberg writes about this.
One of the most notable transactions was the purchase of the business of the McDonald’s catering cafe chain. The authors of the publication write that the assets of foreign companies were acquired by those who were not previously included in the lists of the richest citizens of the Russian Federation; they were not so popular outside the country.
Earlier, Russian leader Vladimir Putin said that the Russian Federation has successfully coped with the departure of foreign businesses from the domestic market. The president added that Western sanctions against Russian entrepreneurship had a positive impact on it, as domestic manufacturers received a large number of new opportunities.
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