NYT: Western companies that left Russia lost more than $103 billion
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The New York Times indicated in its article that Western companies that left the Russian market after the start of a special military operation in Ukraine reported losses of more than $103 billion.
The author of the article notes that Russian President Vladimir Putin was able to “turn an expected failure into an enrichment scheme.” According to him, analysts made numerous forecasts that the departure of Western companies would lead to a decline in the Russian economy, but the Russian leadership turned this into “luck for the state.”
The publication also states that many Western companies continue to operate in Russia one way or another, not wanting to lose money invested in business.
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