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Research article - Peer-reviewed, 2022

The Sinking of the Armada: Problems for the Three 'Flagship' Foreign Investment Agroholdings in Russia and Ukraine

Lander, Christopher; Kuns, Brian


This article examines the factors that have contributed to the recent divestment of three 'flagship' Nordic investors from the Russian agricultural sector. These factors include corruption, pressure from regional administrations and the economic downswing arising from geopolitical tensions related to the Russian annexation of Crimea. The companies all sought to project calm as geopolitical tensions rose. This calm, however, belied a concern for the impact of the crisis on corporate operations. While the companies were affected by the geopolitical crisis, they had all been experiencing prior difficulties, and it is argued here that the Crimean crisis was only one factor, among others, leading to the divestments.

Published in

Europe-Asia Studies
2022, volume: 74, number: 3, pages: 449-480

Authors' information

Lander, Christopher
University of Oxford
Stockholm University

Sustainable Development Goals

SDG16 Peace, justice and strong institutions

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