Russia toughens exit rules for Western firms

New requirements mandate a 50% discount and a 10% tax, sources have told the outlet Western companies looking to exit Russia have faced rising costs as Moscow is demanding bigger discounts on the price tags of assets they want to sell, Reuters reported on Friday, citing people with knowledge of the matter. The news agency’s analysis of company filings and statements has reportedly shown that companies have been hit with losses of more than $80 billion from their Russian operations due to write-downs and lost revenue. The report indicated that Moscow has demanded a 50% discount on all foreign deals as well as a con

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Last updated : 25 August 2023 clock 08:36 PM

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