Foreign companies withdraw from Russia, impact on financial stability limited = central bank | Reuters

2023-05-30 03:55:00

Russia’s central bank released a financial stability report on May 26, saying that only four sales of Russian assets have paid foreign companies more than $400 million since October last year. Accompany the photo. FILE PHOTO: Moscow, December 2018. REUTERS/Maxim Shemetov

[モスクワ 26日 ロイター] – Russia’s central bank released a financial stability report on Monday, saying only four sales of Russian assets have paid foreign companies more than $400 million since October last year.

The sale of domestic assets by foreign companies will have limited impact on financial stability, he said.

About 200 deals were completed between March 2022 and March 2023, with large deals above $100 million accounting for 20%.

“If a foreign investor were to sell a subsidiary in Russia, the economic impact would not be large,” he said.

By preferentially choosing companies with experience in related industries to sell assets when foreign companies exit, the authorities are trying to mitigate risks to financial stability, he said.

He said that the inclusion of asset buyback clauses in many exiting companies contributed to the smooth continuation of business.

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