# Western companies have exited Russia in droves. New companies with owners from China and former Soviet republics are stepping in.

- Link: https://www.widthness.com/western-companies-have-exited-russia-in-droves-new-companies-with-owners-from-china-and-former-soviet-republics-are-stepping-in/
- Published: 2024-01-13T09:15:26-06:00
- Author: Curated by John Wysocki

Photo: Russian President Vladimir Putin. Photo credit: Getty Images. Article by Huileng Tan. Business Insider – January 12, 2024. Nearly 10,000 companies with foreign involvement exited Russia in 2022 and the first 10 months of 2023. But the number of firms in Russia with co-owners from China and former Soviet republics has increased sharply. Russia is targeting new markets in the east following sweeping Western sanctions over the invasion. […] Click here to view original web page at www.businessinsider.com