The sanctions-related withdrawal of western companies from Russia will cause substantial compensation payments to fired Russian personnel in the range of billions of dollars, Izvestia writes. As for the Russian market shares abandoned now by Western investors in the energy sector, such as Uniper, they can be bought out by Chinese investors.
While Western companies are suspending their activity, Russian ones hope to take advantage of the situation and increase their market share. For example, clothing manufacturers count on increased demand. The owner of I Am Studio Oleg Voronin told Izvestia that this situation represents an opportunity for domestic business. According to him, people are interested in buying new things while Russian brands know how to produce quality products with a unique design.
