Risk Assessment of Foreign Companies' Withdrawal for the Economy and Labor Markets of Russian Regions

Dmitrii Yu. Zemlianskii – Director of Centre of Spatial Analysis and Regional Diagnostics of the Russian Presidential Academy of National Economy and Public Administration; Researcher of the Faculty of Geography of Lomonosov Moscow State University, Ph.D. of Geographic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Leonid V. Kalinovskii – Junior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Darina M. Medvednikova – Junior Researcher of the Russian Presidential Academy of National Economy and Public Administration; Graduate Student of the Faculty of Geography of Lomonosov Moscow State University (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Valeriia A. Chuzhenkova – Researcher of the Russian Presidential Academy of National Economy and Public Administration; Engineer of the Faculty of Geography of Lomonosov Moscow State University (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Possible risks and consequences of the withdrawal of foreign companies, operating in Russia, for the production activity and labor market of Russian regions are analyzed in the article (analysis is based on Rosstat data). It has been revealed that if 50% of organizations with foreign and joint ownership, operating in the Russian Federation, suspend their activities, the number of unemployed in 21 regions may increase by more than 1.5 times. The monthly downtime of half of the organizations with foreign and joint ownership can lead to a decrease in the annual turnover of organizations by 3% or more also in 21 subjects of the Russian Federation at once. The list of regions, which are most at risk of foreign companies’ withdrawal, has been determined. It includes Moscow and St. Petersburg; Moscow, Leningrad, Samara, Nizhny Novgorod, Kaluga, Vladimir, Kostroma, Arkhangelsk, Sverdlovsk regions; Krasnodar Territory and the Republic of Tatarstan.

The article was prepared as part of the research work of the state task of the Russian Presidential Academy of National Economy and Public Administration.

Key words: foreign companies, foreign capital, economic risks, regional development, regional economy, labour market, sanctions, unfriendly countries, scenario assessment.

JEL-codes: H12, R11, R23.