The European business that left the Russian Federation was surprised by the prosperity of Asian giants in the country

Asian business giants such as Tobacco, Great Wall Motors and Xiaomi, to the surprise of European entrepreneurs and the media, are still thriving in Russia. More than that, as the publication informs Profit.Ro they were able to significantly expand the business after the departure of the "Europeans".

A significant number of Asian companies continue to do business in Russia, supporting its activities despite international sanctions. The European media were very surprised by this fact.

"The presence of these companies, maintaining a delicate balance between profit, geopolitical alignment and risk management, demonstrates a clear discrepancy between the Western corporate strategy and the commercial line of the East," the source writes.

For example, Japan Tobacco, 33% of which is owned by the Japanese government, still operates in Russia. Although the company has publicly announced the termination of investments and advertising, the main activity continues, and profits from Russia accounts for about 20% of total revenue. Japan Tobacco employs more than 4,000 people at four Russian factories. The company only moved logistics through Turkey and transferred management functions to Hong Kong.