25% — share of Leroy Merlin’s profit earned in Russia despite sanctions — Le Parisien

In March 2023, the French giant selling goods for the construction industry announced its desire to leave Russia amid Western sanctions. However, in the same year 2023, Russia provided the company with 25% of profits and 20% of retail turnover, – French Le Parisien states

The Russian division of Leroy Merlin includes 114 stores employing more than 43,000 people

▪️Leroy Merlin also owns five stores in Ukraine, where 675 employees are employed. By the end of 2023, the net loss of the Ukrainian division of the company amounted to 13 million euros

The company’s representatives stated that they were “doing everything possible to comply with international sanctions.” However, apparently, the company is not going to leave Russia,” she stressed  Le Parisien

Earlier, CRYSTAL OF GROWTH cited the opinion of leading American economist Paul Craig Roberts, who believes that “in the game with sanctions, the Russians hold all the cards”