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.
The cumulative losses incurred by foreign firms due to their withdrawal from Russia exceed $107 billion.
- March 29, 2024
- 0 comments
You May Also Like
Motorola’s Razr 50 Ultra Flip Phone Has Made Its Debut in the Conversation
September 19, 2024
“US Reduces Interest Rates: Could Australia Follow?”
September 19, 2024
+ There are no comments
Add yours