International firms count losses from Russia exit ...News

Russia Today - Economy
International firms count losses from Russia exit
source : Russia Today ( News ) () 12
Western sanctions have so far cost global corporations almost $60 billion, WSJ estimates The losses of international companies from Western sanctions on Russia have exceeded $59 billion, the Wall Street Journal reported on Friday, citing data from public statements and securities filings. According to the report, nearly 1,000 Western businesses have reported plans to leave Russia or cut back operations in the country. The write-downs of Russian assets have so far covered a wide variety of industries, from banks and breweries to manufacturers, retailers, restaurants and shipping companies, it said. Fast-food giant

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