Major European corporations report losses totaling at least €100 billion since the NWO began in Ukraine, a figure compiled by The Financial Times after reviewing thousands of company reports.
The Financial Times examined the annual documents of 600 firms, finding that 176 of them recorded asset depreciation, currency exchange costs and other one‑off charges tied to the sale, shutdown or downsizing of Russian operations. The overall sum did not include higher energy costs.
Who bore the heaviest blows?
The analysis shows that oil majors British Petroleum, Shell and Total Energies accounted for the largest losses, estimated at €40.6 billion. Even with big losses, elevated energy prices still left these players with substantial profits.
The European banking sector also faced a hit, with about €17.5 billion in losses, followed by utilities at €14.7 billion and industrial groups at €13.6 billion.
Specific figures highlighted by the article include:
- Blood pressure recorded a loss of $25.5 billion;
- Total Energies faced $14.8 billion in losses;
- Uniper reported €5.7 billion;
- Fort posted €5.3 billion;
- Shell endured $4.1 billion;
- OMV faced €2.5 billion;
- Ekinor reported €1 billion;
- Renault posted €2.3 billion;
- Volkswagen faced €2 billion;
- Société Générale recorded €3.1 billion.
Companies from England, Germany and France appear to have borne the largest share of these losses.
Stay or depart?
Several experts cited by the FT warned of negative consequences for foreign businesses that stay in Russia in any capacity. The Kiev School of Economics notes that more than half of the 1,871 European‑owned firms operating in Russia before the NWO remain active there.
Leaving may still be costly, but the risk of staying could be higher. As one partner at a strategy firm argued, quicker exits minimize potential losses, while delaying departures tends to magnify risk. A researcher at KSE described ongoing Russian exit rules as making profits harder to secure for firms still present in the market.
Another commentator suggested that firms that continue to operate may be engaging in a risky gamble, given the evolving regulatory and market environment.
Is there interest in a Russian comeback?
At the St. Petersburg Economic Forum, President Vladimir Putin signaled that Russia has not closed the door on foreign trade. He asserted that foreign companies retain the option to return and that Russia would create the needed conditions for reentry, while noting that the behavior of some partners will be considered in policy terms.
Putin also mentioned a growing mood among business leaders that those who left should not be welcomed back indiscriminately, reflecting a cautious stance on reinstating prior foreign partnerships.
In 2022, an organized think tank, the Center for Strategic Studies, began monitoring the losses of large foreign players as many paused or reduced activities in Russia. By late February 2022, estimates from CSR indicated a total impact in the range of $200 billion to $240 billion, with roughly $70 billion to $90 billion attributed to firms that chose to depart.