More than three hundred American companies have frozen their business in Russia or completely left the Russian market since February 2022, most of which are in the IT and industrial sectors, RIA Novosti reported.
In total, at least 659 American companies were represented in Russia by February 2022, of which just over half — 336 organizations — currently continue to operate or provide business services.
At the same time, 323 companies have limited their activities on the Russian market. The largest number of American companies that have closed their business in Russia are in the IT and telecom sectors (78). Among them are Equinix, computer component manufacturers Nvidia and Intel, Amazon and Netflix.
Next in terms of the pace of leaving Russia are American industrial companies - 51 of them have left the Russian market, including Apple, Xerox and one of the world's largest manufacturers of household appliances Whirlpool Corporation. Eleven chemical companies have also ceased operations, including 3M, Air Products and Chemicals and paint manufacturer PPG.
Another 43 entertainment companies have frozen their business or completely left the Russian market, nearly ten of them were engaged in tourism, and nine were involved in film and music production, including Disney, Warner Bros. and Sony Music Entertainment.
Food and consumer goods were sold by 39 of the companies that left the Russian market, including sportswear maker Nike, clothing maker Gap and lingerie maker Victoria's Secret.
Another 39 companies that left provided a variety of services, including consulting, analytical services and recruitment assistance. Among them were all of the "big four" auditors - Deloitte, KPMG, PwC and EY, as well as the "big three" management consulting firms - BCG, McKinsey and Bain & Company.
In the financial industry, 27 companies have ceased operations, including the three largest international rating agencies S&P, Moody's and Fitch, as well as a number of financial services and companies - PayPal, Visa, Mastercard, J.P. Morgan and Goldman Sachs.
13 companies in transport, 12 in mining and energy, 9 in real estate, 7 in pharmaceuticals and 5 in shipping have left the market, completing the list of discontinued American businesses in Russia.
The head of the Russian Direct Investment Fund, Kirill Dmitriev, who is involved in negotiations with the United States in Saudi Arabia, said on Tuesday that American companies have lost $300 billion due to their withdrawal from Russia.