113 corporate giants have already left the Russian market due to the Russian military invasion of Ukraine. A total of 213 companies have entirely or partially stopped cooperating with Russian partners.
The Ministry of Foreign Affairs of Ukraine (MFA) reported this news.
“Ukraine has consistently implemented a strategy of completely isolating Russia from the world. As a result, the enemy is suffering heavy financial losses and is on the verge of default … Sanctions imposed by the anti-Putin coalition are yielding results,” the statement said.
The MFA of Ukraine also noted that the “Radio Liberty” corporation had ceased operations in Russia.
“International rating agency Moody's suspends commercial activities in Russia. In addition, the agency downgraded Russia's credit rating from B3 to pre-default Ca. The downgrade is linked to serious concerns about Russia's willingness and ability to service its debt” - the press office reports.
The MFA also highlighted that the United States is discussing a refusal to buy Russian oil with the European Union.
Earlier, the Ministry of Foreign Affairs published an infographic with the names of the companies which declared an exit from the market of the Russian Federation. The list includes names from the engineering industry, financial sector, logistics, energy and aviation, goods and entertainment and technology industries.