Friday, May 24, 2024
Friday, May 24, 2024
Home » Foreign Investors Withdrew $36 Bln After Selling Businesses in Russia – RIA

Foreign Investors Withdrew $36 Bln After Selling Businesses in Russia – RIA

by Virendra Naidu
0 comment



May 29 (Reuters) – Foreign investors who left Russia after selling their businesses there between March 2022 and March 2023 withdrew about $36 billion from the country, the state RIA news agency reported on Monday, citing analysis of data from the Central Bank.

Scores of the world’s biggest companies have left or scaled back their operations in Russia in response to Moscow’s invasion of Ukraine in February 2022.

Last week, the central bank played down the impact of foreign company exits, saying that around 200 sale deals had been completed in the March 2022-23 period, with just 20% involving large asset sales, those in excess of $100 million.

Moscow calls its actions in Ukraine a special military operation, while Kyiv and its West allies call it an unprovoked aggression to grab land.

Source : Reuters

You may also like

Soledad is the Best Newspaper and Magazine WordPress Theme with tons of options and demos ready to import. This theme is perfect for blogs and excellent for online stores, news, magazine or review sites. Buy Soledad now!

Colonial Observer, A Media Company – All Right Reserved.