Western Companies Cut Ties with Russia

Despite rumours of Western companies returning, the reality is stark: foreign businesses are continuing to exit Russia, with no plans for a return.

This was reported by UATV English.

Nearly 500 companies have left since 2022, and Russian President Vladimir Putin's threats fail to reverse the trend.

Meanwhile, the Russian economy faces a severe crisis, with increasing military spending, shrinking oil revenues, and the digital ruble project delayed indefinitely.

The economic impact of the war is now felt across all sectors.

Earlier, a new bill was introduced in the U.S. Senate that proposed heavy sanctions on Russia, including a 500% tariff on Russian oil, gas, and uranium, if Moscow continues to delay peace talks.

With bipartisan support, the bill aims to pressure Russia into negotiating a ceasefire and ending its aggressive war against Ukraine.

As The Gaze reported, Disney and Sony film studios have received £13.5 million from a joint venture in Russia since the start of the war in Ukraine.