There's little sign companies have found a blueprint for extricating themselves from Russia.
Interviews with half a dozen executives at companies who have divested assets show the complexity and uncertainty of selling at speed and hefty discounts – and why it may be taking many so long.
The obstacles are huge: confusion has swirled over what the Kremlin would allow foreign companies to do; staff are nervous after government threats of retaliation; sanctions have limited the pool of buyers and there is little time to check them out; sales prices have been steeply discounted; and negotiations are being done virtually because fears of reprisals make it too risky to visit Russia in person.
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