It is reported by TASS with reference to the company's statement.

"Due to recent events ... Legrand has decided to stop doing business in Russia," the statement said.

Earlier, economists at the Swiss Institute IMD said that less than 9% of companies from the EU and the G7 left the Russian market.

In January, the managing director of the Russian Council of Shopping Centers, Oleg Voitsekhovsky, in an interview with NSN, said that Russian brands were successfully occupying the space of Western companies that had left the country's market in the shopping center.