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Foreign companies have lost over $100 billion in the process of leaving Russia since it started the war in Ukraine https://t.co/cb4cIwUJEQ
Foreign companies lost $107 billion by leaving Russia According to a Reuters , foreign companies that left Russia lost more than $107B due to write-offs and lost revenue. This is a third more than in August last year, when losses amounted to $80B. Sanctions are working.
The corporate exodus from #Russia since its 2022 invasion of #Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis shows. https://t.co/mnYgBE9lib
Following Russia's invasion of Ukraine in February 2022, the departure of foreign companies from the Russian market has resulted in significant financial losses. A comprehensive analysis conducted by Reuters, based on company filings and statements, reveals that these losses have surpassed $107 billion in writedowns and lost revenue. This figure marks a substantial increase from previous estimates, highlighting the economic impact of the corporate exodus and the effectiveness of sanctions against Russia. The losses now are a third more than in August last year, when they amounted to $80 billion.
