The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed. The volume of losses have increased by one third since the last tally in August last year, underscoring the scale of the financial hit to the corporate world from Moscow's invasion, as well as highlighting the sudden loss of Western expertise from Russia's economy. "As Russia's invasion continues amid faltering Western military aid, and the granularity of Western sanctions regimes increases, companies still aiming to exit Russia will likely face further difficulties and have to accept greater writedowns and losses," said Ian Massey, Head of Corporate Intelligence, EMEA, at global risk consultancy S-RM.
The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a
By Alessandro Parodi and Alexander Marrow (Reuters) - The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and st.
Exclusive-China Commerce Minister to Head to Europe to Make EV Case usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
China's commerce minister will travel to Europe in April for discussions about the European Commission's investigation into whether China's electric vehicle industry has benefited from unfair subsidies, four people briefed on the plan told Reuters. Wang Wentao will visit France, a French government source and two other people with knowledge of the trip told Reuters. France's trade ministry did not immediately respond to requests for comment.