https://freerepublic.com/tag/russialoses400/ en-us Tue, 8 Aug 2023 17:21:12 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/4173763/posts The Financial Times estimates that European companies have lost at least €100 billion ($110 billion) since the Russia-Ukraine war began. Around 176 European companies noted significant losses in their fiscal year reports for 2022, and the future remains grim as tensions continue to grow. Naturally, energy-related industries faced half of those losses, followed by banking, chemicals, industrial, and automotive. BP, TotalEnergies, and Shell lost 40.6 billion euros due to the war, but the spike in energy costs helped them to post favorable earnings reports. Numerous European companies cited “asset impairments, foreign exchange-related charges and other one-off expenses as a result... Armstrong Economics https://freerepublic.com/focus/f-news/4173763/posts#comment Tue, 8 Aug 2023 17:21:12 GMT