U.S. businesses have faced $300 billion in losses since exiting the Russian market following the start of military action in Ukraine, according to Kirill Dmitriev, head of Russia's sovereign wealth fund. Speaking at a forum in Riyadh on Tuesday, Dmitriev called the financial impact 'a stark reminder of interconnected global markets' amid rising geopolitical tensions.
The comments highlight growing economic ripple effects of the conflict, which has reshaped supply chains and investment flows worldwide. Dmitriev emphasized that dialogue between Russian and U.S. officials remains 'critical' to resolving the situation, though he did not provide specifics on potential negotiations.
Analysts note that Western sanctions and corporate exits from Russia have created both challenges and opportunitiesâparticularly for businesses in Asia and the Middle East expanding into gaps left by departing firms. Meanwhile, startup hubs from Dubai to Singapore report increased interest in 'de-risking' strategies among entrepreneurs.
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Russia: U.S. businesses lost $300 bln since military action in Ukraine
cgtn.com
