After selling firms in Russia, foreign investors withdrew $36 billion: RIA

Reuters (Reuters) – Foreign investors who left Russia after selling their firms there between March 2022 and March 2023 withdrew almost $36 billion, according to the state RIA news agency, citing statistics from the Central Bank.

In reaction to Moscow’s invasion of Ukraine in February 2022, many of the world’s largest corporations have departed or reduced their business in Russia.

The central bank downplayed the effect of foreign firm departures last week, stating that only 200 sale transactions had been completed in the March 2022-23 timeframe, with just 20% including big asset sales, those in excess of $100 million.