Scores of Western companies have left Russia or suspended operations in the country after President Putin ordered the invasion of Ukraine in late February. Businesses have been sold, offices shut, and production of everything from beer to cars halted.
The exodus of Western companies from Russia could cost hundreds of thousands of jobs in Moscow alone.
The city's mayor, Sergey Sobyanin, said in a blog post Monday that 200,000 people were at risk of losing their jobs. Authorities were setting aside 3.36 billion rubles to support them, he added.Scores of Western companies have left Russia or suspended operations in the country after President Vladimir Putin ordered the invasion of Ukraine in late February. Businesses have been sold, offices shut, and production of everything from beer to cars halted.
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