Geostrategic Business Intelligence Trends (GeoBITs)

October 14, 2022

Russia & Europe

Economy

Foreign companies continue to scale down their operations in Russia or leave the country completely:

• Swedish company IKEA announced it will fire 10,000 staff in Russia this week. IKEA closed 17 outlets in Russia since Russia’s invasion of Ukraine.

• Japanese car manufacturer Nissan announced that it sold all its remaining assets to a R…