Some Western companies have agreed to sell their Russian assets or hand them over to local managers. As they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin.
Below is a list of firms by sector that have announced deals to sell their businesses in Russia:
AUTOS: The British car distributor agreed to sell its Russian business to local management for 76 million euros ($79.9 million). It added the sale will result in an exceptional non-cash loss before tax of about 240 million pounds ($295.2 million).
RENAULT (RENA.PA), SOCIETE GENERALE (SOGN.PA), ELECTRICAL COMPONENTS & EQUIPMENT
SCHNEIDER ELECTRIC (SCHN.PA),ENERGY, ENEL (ENEI.MI), EQUINOR (EQNR.OL), FORTUM (FORTUM.HE), SHELL (SHEL.L), FOOD & BEVERAGES, AB INBEV (ABI.BR), ATRIA (ATRAV.HE)
FAZER, MCDONALD’S CORP (MCD.N), PAULIG, PIZZA HUT (EATP.WA), RAISIO (RAIVV.HE), VALIO, MINING, AMUR MINERALS CORP (A7L.L), KINROSS GOLD CORP (K.TO), FLUGGER GROUP (FLUGb.CO), IMPERIAL BRANDS (IMB.L), LPP (LPPP.WA), MAERSK (MAERSKb.CO).
-Reuters.
