Major European companies have lost at least €100 billion since the NWO started in Ukraine. informs The Financial Times (FT), after reviewing companies’ annual reports.
In total, the newspaper examined the documents of 600 companies, 176 of them “recorded depreciation of assets, expenses related to currency exchange and other one-time expenses as a result of the sale, closure or reduction of Russian enterprises”. The amount reported by the FT did not include the increase in energy costs.
Who suffered the most?
According to the material, oil giants British Petroleum (BP), Shell and Total Energies suffered the biggest losses – their losses are estimated at 40.6 billion euros. Despite the losses, high energy prices allowed them to make significant profits.
The European banking sector was also affected by a loss of 17.5 billion euros, utilities suffered a loss of 14.7 billion euros and industrial companies by 13.6 billion euros.
As the article details:
— Blood pressure lost $25.5 billion;
— Total Energies — $14.8 billion;
— Uniper — €5.7 billion;
— fort — €5.3 billion;
— Shell — $4.1 billion;
— OMV — €2.5 billion;
— Ekinor — € 1 billion;
— renault — €2.3 billion;
— volkswagen — €2 billion;
— Sociéte Generale — €3.1 billion.
Companies from England, Germany and France suffered the most.
To go or to stay?
The FT interviewed several experts who agreed that the consequences for foreign businesses that remain in Russia in one way or another will be negative.
According to the Kiev School of Economics, more than 50% of the 1,871 European-owned companies in Russia before the NBO still operate in the country.
“Even if the company loses a lot of money by leaving Russia, those that remain face a much greater risk of loss. “Drop everything and run” has proven to be the best strategy for companies deciding what to do… The sooner you leave, the less you have to lose, said Nabi Abdullaev, partner at Control Risks strategic consulting agency.
Anna Vlasyuk, a research assistant at KSE, argues that companies still operating in Russia are “taking a risky gamble”.
According to him, the stricter exit rules from the Russian market introduced by Moscow since the inception of the NWO made it almost impossible to earn any dividends.
“Companies that still exist better wipe it out. I don’t think anyone is safe,” he said.
Does Russia want the return of foreign companies?
June 16, President Vladimir Putin, St. Petersburg Economic Forum aforementioned That Russia has not “closed the door” for foreign trade. According to him, foreign companies had the right to choose.
“We did not expel anyone from the Russian market…
If foreign producers want to return, we do not close our doors to anyone. We will create the necessary conditions for them.
But we will take into account the peculiarities of the behavior of these partners for ourselves, ”he said.
He added that representatives of the business community are increasingly demanding that foreign companies leaving the country not be taken back.
“We prophesied that Russia would return to a closed administrative-command economy. “But we chose the path to expand entrepreneurial freedom, and implementation has shown that we are definitely doing the right thing.”
Organized Center for Strategic Studies (CSR) in 2022 to work On the losses of the largest (600 companies in Russia with revenue of 5.7 billion rubles) foreign companies suspending and limiting their activities in the Russian Federation.
In October, CSR experts said that since the end of February 2022, such firms have lost $200 billion to $240 billion, of which $70 billion and $90 billion come from businesses that have decided to leave the Russian Federation.