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In Russian Federation on departing foreign companies, they were replaced “by the new Russian elite after the start of a special operation in Ukraine. It is known that since the beginning of the SVO, foreign organizations have sold businesses for a total amount of more than 21 billion dollars.” Bloomberg writes about it.
One of the most remarkable transactions was the purchase of the McDonald's chain of catering cafes. The authors of the publication write that the assets of foreign companies were acquired by those who were not previously included in the lists of the richest citizens of the Russian Federation; they were not so popular outside the country.
Earlier, Russian leader Vladimir Putin said that the Russian Federation has successfully dealt with the exit of foreign companies from the domestic market. The president added that Western sanctions against Russian business had a positive impact on him, as domestic producers gained a large number of new opportunities.