top of page
Search

European companies have lost €100 billion due to operations in russia – FT


Фото: Getty Images

Europe's largest companies have suffered €100 billion in direct losses in russia since the beginning of the full-scale invasion, according to the Financial Times. Informs Mind.


The publication analysed reports from 600 companies, of which 176 recorded asset impairments, foreign exchange-related charges and other one-off expenses as a result of the sale, closure or reduction of russian businesses. More than half of the affected companies operate in the oil and gas and energy sectors.


FT emphasises that the overall loss figure does not include indirect macroeconomic consequences of the war, such as the rising cost of energy and goods. The war has also delivered a profit boost for oil and gas groups as well as defence companies.


Only three oil and gas groups: BP, Shell, and TotalEnergies – reported combined losses of €40.6 billion. However, the losses were later offset by much higher oil and gas prices, helping these groups make an unprecedented total profit of around €95 billion.


Companies providing utility services lost €14.7 billion, while industrial companies, including car manufacturers, suffered €13.6 billion losses. Financial companies, including banks, insurance, and investment companies, recorded write-offs and other expenses amounting to €17.5 billion.


KSE researcher Anna Vlasiuk notes that groups still operating in russia are taking risks. According to her, stricter exit rules imposed by moscow since the start of the war have made expropriation likely and obtaining dividends from these enterprises almost impossible.


0 comments

Комментарии


bottom of page