Breaking up with Russia has proven to be a difficult task for many Western firms, despite the ongoing war. Russia has created major obstacles for foreign companies attempting to exit the market, making it difficult and costly to do so. Despite this, some firms have remained in the country and are continuing to make money as well as gaining an increasing share of the market.
The primary challenge facing these companies is navigating around sanctions imposed by other countries on doing business with Russian entities or individuals linked to them. This can include freezing assets or blocking transactions from being processed through banks outside of Russia’s borders which can significantly hamper a company’s ability to operate effectively in such markets. Additionally, there are also legal impediments that need addressing when leaving such markets including dealing with local contracts that may complicate matters further if not dealt with correctly prior to departure from any given region or country.
Despite all these challenges those who remain within Russian boundaries continue reaping rewards due to their knowledge of local laws and regulations alongside having established relationships within key sectors enabling them access to lucrative opportunities available throughout various regions across this vast nation.
Read more at Washington Post
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