Most of the developed world reacted to Russian government’s military operations in Ukraine with a prompt economic counteroffensive.
Foreign producers who have heavily invested in Russia over the past two decades – betting on Russia’s political stability, size, and access to the post-Soviet market - now face a hard choice: how to do business without losing face. Many are considering to go-in-between jurisdictions (Armenia, Kazakhstan, Serbia, etc.) to continue trading with Russia to circumvent sanctions.