Fewer than one in 10 Western multinationals with subsidiaries in Russia has quit any of them in the year since the Ukraine invasion began.
This finding by two highly regarded academics, Simon Evenett from University of St Gallen and Niccolo Pisani from IMD Business School, contradicts earlier reports of a mass exodus by Western businesses and points to a lack of alignment between the geopolitical strategies of Western governments and the commercial realities of Western businesses.