Russian malls half-empty after Western firms exit over Ukraine war

Dozens of foreign and international companies have withdrawn from the country, leaving behind half-empty malls and closed doors in places that once buzzed with customers

Moscow
File photo
AP Moscow
1 min read Last Updated : Jun 03 2022 | 1:47 PM IST

Life in Moscow and St Petersburg remains largely normal as Russia's military operation in Ukraine enters its 15th week.

People are out and about, enjoying the first rays of late spring sun; restaurants are full, and most seem to have forgotten about the panic that created long lines in front of ATMs and grocery stores in February and March.

However, some changes are visible mostly those prompted by Western sanctions and a massive, unprecedented pullout of Western businesses that had become entrenched in the landscape of Russia's daily life over three decades.

Dozens of foreign and international companies have withdrawn from the country, leaving behind half-empty malls and closed doors in places that once buzzed with customers. Popular clothing brands, both luxurious and affordable, coffee and fast-food chains became unavailable to many Russians.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Vladimir PutinRussia Ukraine ConflictMoscow

First Published: Jun 03 2022 | 1:47 PM IST

Next Story