100 billion dollar loss of companies that left Russia

In its new statistical analysis, Reuters announced that the withdrawal of foreign companies from Russia since the beginning of the war in Ukraine has cost them more than 107 billion dollars.

It is said that the volume of losses has increased by a third compared to the last statistics published in August last year.

After the start of the war in Ukraine in 2022, some multinational companies, including McDonald’s restaurant chain, H&M clothing company and Shell oil company, announced that they will re-examine their relations with Russia. Some companies have started to reduce their investments and some have announced that they will leave the Russian market altogether.

Shell oil company announced in April of last year that it suffered a financial loss of 5 billion dollars after leaving Russia.