Disentanglement - hard choices for Western companies still in Russia

Although the invasion of Ukraine two years ago prompted an exodus of foreign companies from Russia, some were less willing and/or found it hard to divest. The tightening mesh of Western sanctions together with exit charges and conditions imposed by Moscow make any further withdrawal from the market a complex proposition, as Rob Dalling and Karam Jardaneh of Jenner & Block explain.

Rob Dalling (+44 (0)330 060 5447, rdalling@jenner.com) is a partner and Karam Jardaneh (+44 (0)330 060 5512, kjardaneh@jenner.com) a senior associate at Jenner & Block.

Although the invasion of Ukraine two years ago prompted an exodus of foreign companies from Russia, some were less willing and/or found it hard to divest. The tightening mesh of Western sanctions together with exit charges and conditions imposed by Moscow make any further withdrawal from the market a complex proposition, as Rob Dalling and Karam Jardaneh of Jenner & Block explain.