The Number of Foreign-Owned Companies in russia Has Fallen by 35%

Since 2022, following the start of the full-scale war against Ukraine, russia has been rapidly losing foreign businesses and investments. As a result, the number of companies with foreign capital in the rf has decreased by 35.5% – to 14,300 as of April 2026.

Despite the emergence of 1,657 new companies over the past four years, this growth has been significantly offset by a massive exodus: during the same period, more than 10,800 enterprises with foreign participation were liquidated. The largest number of businesses left jurisdictions traditionally used for international investment, including Cyprus, the Seychelles, the United Kingdom, and Germany.

This trend is a direct consequence of russia’s international isolation due to its armed aggression against Ukraine. Most developed and economically stable countries are effectively refusing to cooperate with the russian market, which undermines the country’s investment appeal.

Even among formally “friendly” states, a decline in activity is observed. The only exceptions are a few countries, such as China, belarus and Uzbekistan, where a slight increase in the number of companies has been recorded. At the same time, businesses from other post-soviet countries are gradually reducing their presence in the rf.

Foreign companies have traditionally been concentrated primarily in wholesale trade, real estate, construction, IT, and the financial sector. However, a decline is now evident in nearly all sectors, especially in food service, construction services, and consulting.

In general, this trend confirms the irreversible processes of systemic degradation in the russian economy: without access to international capital, technology, and partnerships, it is losing its ability to develop and integrate into global markets.