Help us serve you better. Take a survey now

Take survey
Skip to content
Edit post

Russian state media: $36 billion lost from exiting foreign investors in past year, claims impact 'minimal'

by The Kyiv Independent news desk May 29, 2023 4:25 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

Foreign investors have withdrawn approximately $36 billion from the Russian market over the past year, Russian state-affiliated media RIA Novosti reported on May 29.

An analyst citing data from the Russian Central Bank said that companies departing from Russia carried out 200 asset sale transactions between March 2022 and 2023. Out of these transactions, 20 percent involved assets valued at over $100 million.

The Russian propaganda outlet then went on to claim that "the impact of foreign investors selling Russian assets on the domestic market is limited on a national scale" and that many companies "planned to return."

The aforementioned transactions also require "require the retention of necessary licenses and patents," RIA Novosti claimed.

The Russian government has attempted to complicate the withdrawal process for Western companies looking to exit the Russian market.

In late March, a new ruling indicated that Western companies wanting to leave and sell their assets in Russia are now forced to make a direct donation to the Russian state.

‘It’s a cult-like mentality’: Historian Ian Garner on the militarization of Russian society
In the second year of Russia’s full-scale war against Ukraine, Moscow has shown its intent to fight and win the war without regard for the lives of its servicemen, or the damage caused to Russia’s economy and social fabric. The Kremlin’s choice to announce “partial” mobilization in
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

6:32 PM

Russian strike on Sumy injures at least 3.

Russian attack on the regional center of Sumy injured at least three, causing severe damage to civilian infrastructure, local military administration reported on April 12.
5:36 PM

Netherlands allocates additional $1.5 billion in aid for Ukraine

The Netherlands allocated an additional one billion euros ($1.1 billion) in military aid and 400 million euros ($425 million) for renovation to assist Ukraine, President Volodymyr Zelensky said on April 12 after the call with Dutch Prime Minister Mark Rutte.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:34 PM

Ukraine opens embassies in Ivory Coast, DRC.

Ukraine has opened an embassy in Ivory Coast, a day after opening an embassy in the Democratic Republic of the Congo (DRC), the Ukrainian Foreign Ministry announced on April 12.
9:59 AM

Lukashenko, Putin hold 4-hour meeting in Moscow.

Belarusian dictator Alexander Lukashenko and his Russian counterpart Vladimir Putin held a nearly four-hour meeting until late on April 11, according to Russian state-controlled news agency RIA Novosti.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.