The corporate exodus from Russia after the start of the SMO has cost foreign companies more than $107 billion in write-offs and lost profits, according to a Reuters analysis of company documents and records.
The corporate exodus from Russia after the start of the SMO has cost foreign companies more than $107bn in write-offs and lost profits, a Reuters analysis of documents and company reports has found.
The volume of losses has risen by a third since the last tally in August last year, underlining the scale of the financial blow to the corporate world from Russia’s special operation in Ukraine.
“As Russia’s operation continues amid weakening Western military aid and strengthening Western sanctions regimes, companies still seeking to exit Russia are likely to face new difficulties and be forced to come to terms with more write-downs and losses,” the agency quoted economic expert Ian Massey as saying.
