Russian businessmen snapped up $40 billion worth of Western company assets at bargain-bin prices amid the corporate exodus: report

Photo caption: Russian businessmen snapped up $40 billion worth of Western company assets at bargain-bin prices amid the corporate exodus. Photo credit: Gavriil Grigorov / Sputnik, Kremlin Pool Photo via AP. Article by Kai Xiang Teo and Huileng Tan. Insider – July 18, 2023.

• Russian businessmen bought the assets of 110 Western companies exiting the country at bargain-bin prices.
• These assets were collectively valued at 35 billion euros, or nearly $40 billion, at the end of 2022, per the report.
• Russia has been making it increasingly difficult for foreign firms to exit the country. […]

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