News

Russian assets of companies from "unfriendly" countries have more than halved since the start of 2022, falling from $321 billion to $156 billion by the end of 2025, according to Vedomosti's own calculations.

The newspaper analysed data on 4,265 foreign companies present in Russia, of which 2,350 continued to operate while 1,915 suspended their activities or left. Of these, 1,320 from "unfriendly" states disclosed their financial results each year, making it possible to estimate the overall scale of the losses.

About a third of the decline in assets reflects the actual physical departure of foreign companies from Russia, while two-thirds is accounted for by impairment and a loss of value, Nail Khairov, an assistant in the department of global financial markets and fintech at the Plekhanov Russian University of Economics, told Vedomosti.

Companies from "unfriendly" countries also missed out on more than $610 billion in revenue and at least $16 billion in lost net profit in Russia between 2022 and 2025, the publication said.

Losses from foregone profit, discounts on asset sales, and the impairment and nationalisation of property together deprived foreign capital of more than $100 billion, Vladimir Eremkin, a senior research fellow at the structural research laboratory of the Institute of Applied Economic Research at the Russian Presidential Academy of National Economy and Public Administration, estimated for Vedomosti.

According to the newspaper's analysis, the biggest asset losses by foreign companies in 2022-2025 were recorded by BP ($24.4 billion), BlackRock ($17 billion), BASF ($8 billion), Uniper ($7.8 billion), Shell ($4.2 billion), Fortum ($4.1 billion) and ExxonMobil ($4 billion).