In Putin’s Fantasy, Assets Left by Foreign Businesses Thriving in Russian Hands The mass exodus of Western companies from Russia in 2022 led to a loss in the volume and quality of products and services.
“Now many of them [Western companies] are leaving our market under pressure from their governments. … Perhaps some people thought that all this would collapse and fall apart in our hands. But nothing like this is happening – nothing has collapsed, and nothing is falling apart. Our companies, our businesspeople are picking up these companies or even branches and continuing this work with success.”
That is misleading. In response to Moscow’s unprovoked invasion of Ukraine last February, Western governments imposed economic and diplomatic sanctions, and
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