Western Companies Suffered Losses Of More Than $100 Billion After Leaving Russia

According to research conducted by The New York Times, Western companies suffered losses of more than $100 billion after leaving Russia.

Western Companies Suffered Losses Of More Than $100 Billion After Leaving Russia 1

The New York Times said on Sunday that Western corporations that declared their exit from Russia after Russia’s special military operation in Ukraine began in 2022 lost more than $103 billion.

According to the research, Russia has benefited from enterprises leaving the country, even imposing requirements on them to force them to close.

Russia will begin year-round LNG shipments via the Arctic route of the NSR, a transit route spanning the entire length of Russia’s Far East and Arctic territories within its exclusive economic zone.

Furthermore, the report stated that although Ukraine was focused on pressing matters, such as requesting additional assistance, Moscow was able to pursue a long-term strategy due to the soundness of the Russian economy.

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Following the commencement of Russia’s military campaign in Ukraine on February 24, 2022, Western nations greatly broadened their sanctions list against Moscow. For example, the European Union has already approved eleven sets of sanctions.

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