A large shipbuilding organisation from the Netherlands has sued its government. This is due to the fact that the company has suffered huge losses associated with anti-Russian sanctions. This is reported by the Bloomberg publication.
Earlier, the Dutch government demanded that Damen Shipyards Group NV forcibly withdraw from the Russian market. Now the company’s management is demanding compensation for the money lost due to sanctions.
The organisation had a number of contracts for the supply of ships. However, it failed to fulfil its obligations. The result of such a situation may be that the organisation’s employees will be left without salaries.
Recall that earlier its less than 100 billion euros from February 2022 was the loss of European campaigns in the Russian market. Direct losses of European campaigns in the Russian market, which were caused by a special military operation amounted to at least 100 billion euros since February 2022. The publication notes that the data were obtained after analysing the financial statements of leading European campaigns for the last year and a half. Due to the closure or reduction of their business in the Russian Federation, about 176 companies faced asset impairment, exchange rate-related losses and other one-off costs. This is due to the fact that they started to sell their businesses. The analysis does not take into account indirect macroeconomic factors, including the increased cost of energy resources and other products due to special operations and Western sanctions against the Russian Federation.