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    Kommersant: brands that left Russia lost about two billion dollars

    Kommersant ” reported that foreign retail consumer brands that suspended or stopped their business in Russia due to SVO lost about two billion dollars.

    The publication, citing experts, reports that the total amount of losses in in the form of lost profits of various foreign brands amounted to 1.3 -15 billion dollars. At the same time, there are those stores that have not publicly announced their departure. Considering them, the amount can reach two billion dollars.

    It is specified that the Spanish Inditex, the Swedish H&M, and IKEA suffered the most significant losses.

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