Monday 7 August 2023

€100bn in direct losses


SINCE THE START OF THE UKRAINE WAR -

A Financial Times analysis has shown that Europe’s biggest companies have suffered at least €100bn in direct losses from their operations in Russia.

A survey of 600 European groups’ annual reports and 2023 financial statements shows 176 companies have recorded asset impairments, foreign exchange-related charges and other one-off expenses as a result of the sale, closure or reduction of Russian businesses. 

The aggregate figure does not include impacts such as higher energy and commodities costs.

1 Comments:

At 7 August 2023 at 10:10 , Anonymous Anonymous said...

Loss?
Planned diversion or redistribution but never, with the approval of the ruling elite, to the wretched masses of your teeming shore or the homeless tempest tossed

 

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