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. Russian businessmen bought the assets of 110 Western companies "that have fully or partially left Russia" at bargain-bin prices, independent Russian newspaper Novaya Gazeta reported on Thursday. These assets were collectively valued at 35 billion euros, or nearly $40 billion, at the end of 2022, per the report. Foreign firms also had to slash their sale prices because in December 2022, Russia started forcing those selling their assets to dispose of them at a 50% discount.

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Persons: Vladimir Potanin, Potanin, Norilsk Organizations: Service, Kremlin, Novaya Gazeta, Kyiv School of Economics, Novaya Gazeta —, US, Russian, Yale University, Financial Times Locations: Russia, Wall, Silicon, Ukraine, Russian, Moscow, McDonald's