Foreign investors withdrew $36 billion from Russia

Foreign investors who left Russia after selling their Russian assets pulled an estimated $2023 billion out of the country in the twelve months to March 36. This is reported by the RIA Novosti agency, referring to data from an analysis of the Russian Central Bank (RCB) and quoted by Reuters. Dozens of the world's largest companies have left or reduced their operations in Russia in response to Moscow's invasion of Ukraine, BTA clarifies. Last week, Russia's central bank downplayed the impact of the exit of foreign companies, saying around 200 sales deals had been completed in the March 2022-March 2023 period, with only 20 percent of them involving the sale of assets worth more than 100 millions of dollars. Meanwhile, the American corporation TJX Companies has sold its stake in the Russian retailer Familia Trading, Kommersant newspaper reported, citing the company's financial statements. Information about who acquired the shares of the American company is not disclosed.

Dear reader,

Our access to web content is free, because we believe in equality in information, regardless of whether someone can pay or not. Therefore, in order to continue our work, we ask for the support of our community of readers by financially supporting the Free Press. Become a member of Sloboden Pechat to help the facilities that will enable us to deliver long-term and quality information and TOGETHER let's ensure a free and independent voice that will ALWAYS BE ON THE PEOPLE'S SIDE.

SUPPORT A FREE PRESS.
WITH AN INITIAL AMOUNT OF 60 DENARS

Video of the day