Businesses recorded $10 billion in write-offs due to the withdrawal, Handelsblatt reports German corporations have collectively written off €10 billion (over $10 billion) as a result of their withdrawal from the Russian market amid Western sanctions, Handelsblatt newspaper reported on Monday. Assets related to Russia or Belarus, including bill receivables and securities, have been written off the balance sheets as incapable of generating future income, the report noted. It cited the case with German energy giant Uniper, which reported losses of over $17 billion in the first half of the year, mainly due to lower Ru
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