MOSCOW: The Sovereign Wealth Fund established by the Russian government has expressed its expectation that many US companies will return to the Russian market by the second quarter of this year.
According to Russian media, Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev has said that US companies that have closed their businesses in Russia since the start of the Ukraine war have lost more than $300 million.
Giving details, he said that most of the losses were incurred by US companies operating in the IT and media sectors, which are estimated at $123 million.
In addition, US companies operating in the consumer sector and health sector lost $94 million by closing their businesses in Russia.
