The escape of foreign corporations with the Russian Federation after its invasion of Ukraine cost them more than $ 100 billion - the media

Against the background of strengthening Western sanctions and reducing Western military assistance, companies that still seek to leave Russia will probably face further difficulties and have to take greater writing offs and losses. The exit of corporations from Russia after its invasion of the territory of Ukraine in 2022 cost foreign companies more than $ 107 billion in the form of lost income and write -off, showed an analysis of companies reporting. About it reports Reuters.

The amount of loss has increased by one third since the last calculation in August last year. This indicates what is the scale of the financial blow to the corporate world from attacking Ukraine, and indicates the sudden loss of Western experience in the Russian economy.

Experts believe that against the background of strengthening Western sanctions and reducing Western military assistance, companies who still seek to leave Russia will probably face further difficulties and have to accept greater writing offs and losses. Moscow requires discounts of at least 50% when selling foreign assets and constantly increases the requirements for leaving the country. The Russian Federation often agrees to a nominal fee of only one ruble.

In 2024, shell, Polymetal International, HSBC and Yandex HB were announced. The cost was announced totaling almost $ 10 billion with discounts up to 90%. Last week, Danone representatives stated that she had received regulatory permits for the sale of their Russian assets, having suffered total losses of $ 1. 3 billion. About 1000 companies have already left the Russian market.