Russia exits cost Western firms over $100 billion – Reuters — RT Business News

Russia exits cost Western firms over $100 billion – Reuters — RT Business News

Source link Moscow has introduced tight requirements for companies wishing to divest, ensuring local buyers receive major discounts on businesses that are leaving Western companies that have left the Russian market amid sanctions have suffered billions in write-downs and lost revenue, Reuters reported on Thursday, citing calculations based on company filings and statements. The US […]

Western firms lost $103 billion from Russia exits – NYT — RT Russia & Former Soviet Union

Western firms lost $103 billion from Russia exits – NYT — RT Russia & Former Soviet Union

Source link Moscow has ensured that local buyers get massive discounts when these companies sell their Russian assets Efforts by Ukraine and its Western backers to convince, shame, and sanction companies into leaving the Russian market have backfired, placing lucrative enterprises in Russian hands at discount prices and pumping more than a billion dollars worth […]