"Russia's Demands for Greater Discounts on Foreign Company Exits Revealed"
Moscow is demanding larger discounts on the price tags of assets that foreign companies want to sell as they try to exit Russia. This comes as Western companies have already lost over $80 billion from their Russian operations. The Russian government has been tightening exit requirements since Western companies started leaving after Moscow's military operation in Ukraine. Companies currently negotiating exits, such as Veon, Yandex, and Intesa, are facing additional demands for discounts before receiving approval. The government commission that monitors foreign investment has to approve deals involving companies from "unfriendly" countries, and banks and energy companies require President Putin's personal approval to sell. The unpredictable and changing exit process is hindering sales and forcing companies to consider alternatives.
