Hundreds of Western companies that announced their exit from Russia, or suspension of activities there, after Moscow's invasion of Ukraine on Feb. 24 have reported associated losses.
These are among the biggest names or highest costs incurred by companies after they have halted operations or left the country:
APPAREL:
ADIDAS
The German sportswear company warned of a one-off cost of around 500 million euros ($498 million) in 2022.
H&M
The Swedish retailer estimated the wind-down of its Russian business will cost about 2 billion Swedish crowns ($183.57 million), of which about 1 billion crowns will hit cash flow.
INDITEX
Zara owner will book a provision of 216 million euros after agreeing to sell its Russia stores to UAE-based Daher Group.
LEVI STRAUSS & CO
U.S. apparel company said it would record charges of $0.15 per share connected to impairment of store assets, goodwill and property, plant, and equipment.
AUTOMAKERS
FORD
U.S. automaker took a $122 million writedown after suspending its Russian operations.
NISSAN
The Japanese automaker said on Oct. 11 it would hand over its Russian business to a state-owned entity for 1 euro, taking a loss of around $687 million.
RENAULT
The French carmaker reported a 867 million euro impact from exiting Russia, including selling its majority stake in the country's biggest carmaker, Avtovaz for one rouble.
TRATON
Volkswagen's truck division Traton in September said disposing of some assets in Russia would cause a 550 million euro loss.
VOLVO
The Swedish truckmaker said on April it had set aside provisions of $423 millionafter suspending activities in Russia.
BANKS & INSURERS
CITIGROUP
The Wall Street giant said in August it would close its consumer and commercial banking businesses in Russia and expected to incur about $170 million in chargesover the next 18 months.
CREDIT AGRICOLE
Credit Agricole provisioned more than 500 million euros related to its Russian exposure in Q1.
GENERALI
Italian insurer Generali in August booked an impairment of 138 million euros on Russian exposure.
RAIFFEISEN BANK INTERNATIONAL AG
The Austrian lender recorded 301 million euros in provisions on its businesses in Russia and Ukraine in Q1.
SOCIETE GENERALE
The French bank in May closed the sale of its Russian business Rosbank(ROSB.MM) to the Interros group taking a 3.2 billion-euro net income hit.
UNICREDIT
Italy's UniCredit booked a 1.3-billion-euro Russia-related loan loss provision in Q1.
UBS
The Swiss bank said in April Russia's invasion of Ukraine had cost about $100 million. It cut its exposure in Russia to $400 million at end-March, from $600 million.
CONSUMABLES
HENKEL
The maker of Persil washing detergents and Pritt glue has forecast an impact of 1 billion euros on its full-year sales along with possible writedowns related to the withdrawal from Russia and Belarus.
PHILIP MORRIS
The tobacco giant took a charge of 3 cents per share related to the Ukraine crisis in Q1, after discontinuing sales of a number of Marlboro and Parliament cigarette products in Russia.
ENERGY
BP
The oil and gas giant recorded a $24 billion non-cash writedown of its stakes in Rosneft and two other joint ventures in Q1.
ENEL
Italian utility agreed in June to sell its 56.43% stake in Enel Russia for around 137 million euros with a negative impact of about 1.3 billion euros.
EQUINOR
The company recognised net impairments of $1.08 billion related to assets in Russia in Q1 after stopping trading in Russian oil and shutting operations there.
EXXON MOBIL CORP
The oil giant disclosed a $3.4 billion writedown on its Russia exit.
OMV
The Austrian energy group said in April it would take a 2 billion euro hit in Q1 from its pullback from Russia.
SHELL
The world's largest liquefied natural gas trader said in April it will write down up to $5 billion following its decision to exit Russia.
TOTALENERGIES
The French oil and gas company recorded an impairment o $10.7 billion in total related to Russia, with the latest charge being $3.1 billion in Q3.
FOOD & BEVERAGES
AB INBEV
The Belgian brewer said its divestment of a non-controlling stake in its Russia joint venture led to a $1.1 billion impairment charge in Q1.
CARLSBERG
The Danish brewer said selling its Russian assets meant a writedown of about 9.5 billion Danish crowns ($1.28 billion).
DANONE
French food company said on Oct. 14 it would shed control of its dairy business in Russia in a deal that could lead to a write-off of up to 1 billion euros.
HEINEKEN NV
The Amsterdam-based brewer expects an impairment and other non-cash exceptional charges of about 400 million euros for exiting Russia.
MCDONALD'S
The world's largest burger chain took a related non-cash charge of up to $1.4 billion related to the sale of its restaurants in Russia.
OTHERS:
AP MOELLER-MAERSK
The Danish shipping group said it recorded a negative impact of $718 million on its Q1 operating profit after its complete Russia exit.
LINDE
The world's largest industrial gases company's exit from Russia recorded impairments of $993 million from its Russia exit.
SIEMENS
The Munich-based engineering and tech firm said in May it would take a 600 million euro hit in Q2 for exiting Russia.
($1 = 0.9965 euros)
($1 = 10.8951 Swedish crowns)
($1 = 4.7340 zlotys)
($1 = 0.9902 Swiss francs)
($1 = 7.4125 Danish crowns)
Reuters