Posted 3/28/2024, 9:47:00 AM
Companies Pay Steep Price to Cut Ties with Russia
- Foreign companies have lost over $107 billion exiting Russia since the Ukraine invasion
- Companies exiting Russia face punitive "exit taxes" and asset sale requirements
- Just 372 companies have fully exited Russia so far out of thousands that pledged to leave
- Companies selling Russian assets face huge writedowns, with discounts as high as 90%
- Departing firms have paid over $387 million in exit fees to the Russian government