Israeli Companies in Russia Surge Amid Ukraine War Sanctions
Translated & summarized from TheMarker by baba
The number of Israeli-owned companies operating in Russia has surged 2.5 times to 520 firms since the Ukraine invasion, according to Russian media. Israeli entrepreneurs are reportedly seeking profits by bypassing sanctions, potentially damaging Israel's global image. Experts warn of significant risks due to the lack of legal protections for businesses in Russia.
The story in 4 lines · by baba
- Israeli-owned companies in Russia have increased 2.5 times to 520 firms since the Ukraine invasion.
- Entrepreneurs are reportedly seeking profits by circumventing sanctions on Russia.
- The trend could negatively impact Israel's international standing.
- Experts warn of significant risks for businesses operating in Russia.
The number of companies in Russia owned by Israelis has increased 2.5 times since the invasion of Ukraine, according to a report by the Russian website Gazeta. Israeli entrepreneurs have identified an opportunity to profit by circumventing sanctions imposed on Russia, a move that could harm Israel's international standing. An expert on Russia-Israel relations warned of "crazy risk," citing the absence of the rule of law to protect entrepreneurs there.
Specifically, the number of Israeli-owned companies operating in Russia has jumped 2.5-fold over the past five years, reaching 520 firms. This data, reported by Gazeta in September, was based on information from Rosprofil, a private website that compiles business data on companies and their partners in Russia, drawing from the official Russian company registry.
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