Nearly Half of Major Russian Companies Stop Publishing Key Financial Data

Paul Goble

            Staunton, Oct. 17 – It isn’t only the Russian government that has stopped publishing essential data. Now, since the start of Putin’s expanded war in Ukraine, almost half of Russia’s 100 largest companies have done the same, making it difficult if not impossible to know how they are actually doing especially for those considering investment in them. 

            According to the To Be Precise portal, only 52 of the 100 largest Russian companies in 2021 were still publishing basic financial data in 2024. Five of the others have closed, but 43 have stopped publishing such data altogether (tochno.st/materials/pocti-polovina-kompanii-vxodivsix-v-pervuiu-sotniu-po-vyrucke-v-2021-m-ne-opublikovala-finansovuiu-otcetnost).

            With this end to financial reporting, those who study the Russian economy either for investment or scholarly reasons have lost one of the major checks they had had on Russian government data. Officials now can make claims about profits and business operations generally without as much risk their claims will be disputed.