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

- Link: https://www.widthness.com/russian-businessmen-snapped-up-40-billion-worth-of-western-company-assets-at-bargain-bin-prices-amid-the-corporate-exodus-report/
- Published: 2023-07-22T09:15:21-05:00
- Author: Curated by John Wysocki

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 &#8211; 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. [&#8230;] Click here to view original web page at www.businessinsider.com Related articles: Russia seizes control of Danone, Carlsberg assets &#8211; CNN: Business Major U.S. firms supplied equipment to keep Russian oil flowing after Ukraine invasion &#8211; PBS News Hour Russia halts landmark deal that allowed Ukraine to export grain at time of growing hunger &#8211; AP News &nbsp;