Once again, foreign companies that left Russia in 2022 took stock and shed tears.
Photo: Ivan MAKEEV
Chickens, as they say, are counted in the fall and lost profits are counted periodically. Once again, foreign companies that left Russia in 2022 took stock and shed tears. According to Reuters, more than $107 billion in losses and revenue losses went unnoticed. In August of last year, analysts estimated the figure at 80 billion dollars, now it is almost a third more. Furthermore, the amount of “damages” will increase from year to year.
– Because our former partners, including the Americans and Europeans, are not going to put up with us. In the West, Russia has been blinded to the image of evil, and the pressure on its companies associated with our country will increase, so their businesses will continue to leave, – explained the director of the Socio-Economic Research Institute of the Financial Institute. University under the Government of the Russian Federation on the radio “Komsomolskaya Pravda” Alexey Zubets.
“In my opinion, the published figure is absolutely correct,” Georgiy Ostapkovich, director of the Market Research Center of the Institute of Statistical Research and Knowledge Economy of the Higher School of Economics of the National Research University, tells KP.RU. “But if you take into account the potential opportunities that companies missed, and not just the loss of profits, then it will be much higher than stated. The raw materials business suffered the most. For example, British Petroleum wrote off losses of more than $25 billion.
However, according to the expert, there is an important point. In most of the Western companies that disappeared, the share of the Russian market was small and accounted for about 2-3% of total revenue.
“Therefore, it is not a big loss for them and now they are trying to compensate for it in other markets,” says Georgy Ostapkovich.
CLEARLY
TOP 10 foreign companies with the highest losses
British oil: $25.5 billion
Total: $14.8 billion
Shell: $4.1 billion
Veon (owned by Beeline): $3.7 billion
Societe Generale (owned by Rosbank): $3 billion
Renault Group: 2.5 billion dollars
McDonald’s: $1.2 billion
Nissan: 830 million dollars
British American Tobacco: $770 million
Siemens: 650 million dollars
According to media reports.
