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Since the start of the war in Ukraine, numerous Western companies have turned their backs on Russia. Now American pizza chain Domino's is also leaving the country.

After Russia invaded Ukraine last year, Western companies have been under pressure to leave the country. Some have since stopped all their Russian operations, while others still offer their products or services (partially) in the country to this day.

In the news: DP Eurasia, the British company that holds the rights to the Domino's brand for Russia, Turkey, Azerbaijan and Georgia, has filed for bankruptcy for DPRussia, its Russian subsidiary. The . The chain has 171 pizzerias in Russia.

  • That decision came after DP Eurasia failed to sell its Russian operations. "Given the increasingly challenging environment, the direct holding company of DPRussia is now forced to take this step (...). As a result, Domino's will no longer have a presence in Russia," it sounds. The company indicated earlier this year that an exit from Russia was on the table.
  • According to DP Eurasia, it is too early to determine what the financial impact will be of the bankruptcy of its subsidiary.

Western companies still active in Russia

Zoom out: Domino's is yet another Western chain to turn its back on Russia since Vladimir Putin invaded Ukraine.

  • According to data from Kyiv School of Economics, more than 750 of the 3,400 foreign companies the institute tracks have sold their Russian businesses or ceased operations. But the same figures also show that more than 1,400 (foreign) companies are still operating in Russia to this day.
    • Some of the chains still operating in the Caspian Sea country include UniCredit, Raiffeisen, Unilver and Nestlé.
  • Meanwhile, Russia itself is incorporating . In July, for example, the Russian government took control of the Russian subsidiaries of France's Danone and Baltika Breweries, the Russian subsidiary of Denmark's Carlsberg.
    • Russia approved a decree in April allowing the Kremlin to take over assets of companies it considers "unfriendly," in order to "protect Russian property and national interests."

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