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According to the Vice-Minister of the National Economy Kazakhstan Baurzhan Kudib...

Now they do not work on Moscow: dozens of fled companies from the Russian Federation settled in Kazakhstan

According to the Vice-Minister of the National Economy Kazakhstan Baurzhan Kudibergenov, by the end of 2024, 37 companies from Russia with a total capitalization of $ 1 billion will be released to the country. After the Russian army invaded the territory of Ukraine on February 24, 2022, many foreign companies decided to leave the market of the aggressor country.

According to an Yale Management School Report, only two months from the start of a full -scale war, about 750 enterprises have decided to voluntarily cease activities in Russia or reduced it to a minimum level. Meanwhile, on March 5, 2024, it became known that 41 foreign company, which is estimated at $ 1. 5 billion, moved from Russia to Kazakhstan. The Russian Interfax Agency writes about it.

Thus, according to the Vice-Minister of the National Economy of Kazakhstan Baurzhan Kudibergenov, these are enterprises from the following areas: as Kudibergenov noted, by the end of 2024, Kazakhstan, expected, will move 37 companies from Russia with a total capitalization of $ 1 billion. The list of companies is not yet final. "It may be a little smaller, perhaps a little more, but by the end of the year we will do this work. Each company is being done individually," Baurzhan Kudibergenov said.

According to him, the government is negotiating with each company because "everyone has specific requests. " "For example, some need a land plot, others ask for preferences, privileges, etc. ," he said. In total, about 400 companies from more than 30 countries are in the list of moving and starting in Kazakhstan. Earlier, Focus wrote that among those who refused to work in the Russian Federation - foreign companies in the field of beauty and luxury, for example, the French cosmetic company L'Oreal.

This company still owns Garnier brands, Maybelline New York, Lancome, Vichy, Nyx. Also in Russia no longer works Estée Lauder concern, which owns brands Mac, Clinique, Bobbi Brown, Jo Malone and others. Meanwhile, The New York Times wrote that the Russian Federation President Vladimir Putin was able to use the departure of Western companies from the Russian market in his favor. Yes, the Kremlin forced companies that decided to sell their Russian business, to do it at a reduced price.