Western firms lost $103 billion from Russia exits – NYT ...News

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Western firms lost $103 billion from Russia exits – NYT
Moscow has ensured that local buyers get massive discounts when these companies sell their Russian assets Efforts by Ukraine and its Western backers to convince, shame, and sanction companies into leaving the Russian market have backfired, placing lucrative enterprises in Russian hands at discount prices and pumping more than a billion dollars worth of exit taxes into Moscow’s coffers, the New York Times reported on Monday. Within days of Russian troops entering Ukraine last February, a host of Western corporations began pulling out of the Russian market. Ukrainian activists and officials hounded those who refused

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