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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Foreign investors withdrew $36 bln after selling Russian enterprises.

Russian President Vladimir Putin attends meetings with foreign leaders on Victory Day
Russian President Vladimir Putin attends meetings with foreign leaders on Victory Day, which marks t... Russian President Vladimir Putin attends meetings with foreign leaders on Victory Day, which marks the 78th anniversary of the victory over Nazi Germany in World War Two, at the Kremlin in Moscow, Russia May 9, 2023. Sputnik/Vladimir Smirnov/Pool via REUTERS
Russian President Vladimir Putin attends meetings with foreign leaders on Victory Day
Russian President Vladimir Putin attends meetings with foreign leaders on Victory Day, which marks t... Russian President Vladimir Putin attends meetings with foreign leaders on Victory Day, which marks the 78th anniversary of the victory over Nazi Germany in World War Two, at the Kremlin in Moscow, Russia May 9, 2023. Sputnik/Vladimir Smirnov/Pool via REUTERS

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Foreign investors withdrew $36 bln after selling Russian enterprises. RIA reported on Monday that foreign investors who left Russia after selling their businesses between March 2022 and March 2023 withdrew $36 billion, citing Central Bank data.

After Moscow invaded Ukraine in February 2022, many of the world’s largest companies left or reduced their operations in Russia.

In March 2022-23, the central bank reported 200 sale deals, 20% of which were big asset sales exceeding $100 million.

Moscow calls its Ukraine activities a special military operation, but Kyiv and its Western allies call them an unjustified territory grab.


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