Western companies made billions in Russia last year – report ...News

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Western companies made billions in Russia last year – report
Firms from ‘unfriendly’ countries reportedly cannot withdraw their profits Multinational companies from ‘unfriendly’ countries made large profits in Russia last year despite sanctions that their home countries placed on Moscow, the Financial Times reported on Monday, citing calculations by the Kiev School of Economics (KSE). The KSE calculations are based on sources such as the Russian company register, news reports, and corporate statements. Major Western brands that decided to continue operating in the country recorded over $18 billion in Russian profits in 2022, out of the $20 billion reported by all foreign bu

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