Abstract
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.
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