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4.2.1 CPI dynamics
Producer prices in Russia rose 3.8% y/y in September of 2022, the same as in the previous month and remaining the lowest increase since December last year. Main upward pressure came from electricity, gas, steam & air conditioning (5%), followed by water supply (4.9%), manufacturing (4.7%) and mining (0.7%). On a monthly basis, producer prices went down 0.8%, following a 1% fall in August.
4.3 Industrial sectors and trade 4.3.2 Corporate sector
About 40% of foreign companies continue to work in Russia.As of February 12, only 6.2% of foreign businesses have closed their operations and exited the Russian market. At the same time, 39.7% of companies continue to work in the Russian Federation without restrictions, KSE Institute analyzed. 191 international companies stopped working in the aggressor country, but another 1,169 have canceled operations and declared their intention to leave the country aggressor. At the same time, 1,223 companies continue to work in Russia. And another 496 foreign businesses have suspended new investment in Russia and are still waiting. According to experts, the 191 companies that left the Russian market had at least 326,600 employees, their annual revenue was $45.2B, their capital was estimated at $35.2B, and the value of their assets was $41.2B. In 2021, they generated $45.2B in revenue and paid $3.3B in taxes, or 13.4% of the total taxes paid by companies.
77 RUSSIA Country Report March 2023 www.intellinews.com