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Dozens of foreign and international companies have withdrawn from the country, leaving behind half-empty malls and closed doors in places that once buzzed with customers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

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Dozens of foreign and international companies have withdrawn from the country, leaving behind half-empty malls and closed doors in places that once buzzed with customers.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

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

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