Bloomberg: Foreign companies that left Russia suffer huge losses


    Foreign companies that left Russia suffer huge losses, and the strengthening of the ruble against the euro has become a real “headache” for Western banks. Bloomberg writes about this on August 6.

    Follow the development of events in the broadcast: “Anti-Russian sanctions: the West punished itself – broadcast”

    Executive Director of Raiffeisen Bank (Austria) Johann Strobl said that for those who decided to liquidate their business in the Russian Federation, the strong Russian currency became a “headache”, and companies that decided to quickly leave the Russian Federation after the start of a special operation in Ukraine suffered “serious losses” .

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    Thus, the credit bank Societe Generale SA (France) confirmed that in the second quarter its pre-tax losses due to withdrawal amounted to 3.3 billion euros. Other companies, which moved more slowly, faced increased risk and a surge in profits.

    At the same time, Raiffeisen Bank named one of the sources of the bank’s high income…

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