Global companies losses more than 59 billion dollars because Russia's war on Ukraine

Source

Global companies losses more than 59 billion dollars, due to the suspension of their activities in Russia and the sanctions imposed on the country, as a number of international companies announced a complete or temporary suspension of activities in Russia, and some of those companies also transferred their assets to the ownership of local entrepreneurs, after imposing a number of western countries economic sanctions against Russia.

These companies suffered a decline in the value of their Russian assets due to a decrease in the number of domestic buyers, which led to significant losses.

Nearly 1,000 companies have committed to getting out of Russia completely or cutting back some business there.