IDEAS home Printed from https://ideas.repec.org/a/taf/pocoec/v36y2024i6p659-671.html
   My bibliography  Save this article

The exodus of Western manufacturing corporations from Russia–the beginning

Author

Listed:
  • Igor Gurkov
  • Nikolay Filinov
  • Zokirzhon Saidov

Abstract

This study aims to depict the dramatic exit of Western multinational corporations (MNCs) from Russia after the escalation of the Russia – Ukraine conflict and the beginning of military action between the two countries. The beginning of intensive military actions between Russia and Ukraine served as a pretext for strengthening Western sanctions that now not only include sanctions against Russian physical and legal persons but also the ban on trade with Russia, the ban on financial transactions, and strict control of value appropriation by foreign corporate centres of Western MNCs in Russia. We demonstrate how Western corporations selected candidates for divestment under pressure from their home countries and the strengthening demands of the Russian government towards both sides of the deal with foreign industrial assets. Moreover, the present study refutes several popular postulates on foreign divestment and indicates several promising directions for future studies.

Suggested Citation

  • Igor Gurkov & Nikolay Filinov & Zokirzhon Saidov, 2024. "The exodus of Western manufacturing corporations from Russia–the beginning," Post-Communist Economies, Taylor & Francis Journals, vol. 36(6), pages 659-671, August.
    • Handle: RePEc:taf:pocoec:v:36:y:2024:i:6:p:659-671
    DOI: 10.1080/14631377.2024.2323832
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14631377.2024.2323832
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14631377.2024.2323832?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:pocoec:v:36:y:2024:i:6:p:659-671. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CPCE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.