The cumulative losses incurred by foreign firms due to their withdrawal from Russia exceed $107 billion.

According to a Reuters analysis of company filings and statements, the corporate departure from Russia following its invasion of Ukraine in 2022 has resulted in foreign companies incurring over $107 billion in writedowns and lost revenue. Since the previous assessment in August of the previous year, the magnitude of losses has surged by one-third, emphasizing the significant financial blow to the corporate sector stemming from Moscow’s invasion. Additionally, it underscores the abrupt departure of Western expertise from the Russian economy.

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