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Western firms lost $103 billion from Russia exits – NYT

Efforts by Ukraine and its Western backers to convince, shame, and sanction companies into leaving the Russian market have backfired, placing lucrative enterprises in Russian hands at discount prices and pumping more than a billion dollars worth of exit taxes into Moscow’s coffers, the New York Times reported on Monday. …

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French beauty brand exits Russia

French luxury cosmetics brand L’Occitane has decided to close its stores and online shops in Russia due to Moscow’s ongoing military operation in Ukraine, the company said in a press release on Friday evening. “Over the past few weeks, we have significantly curtailed our business operations in Russia in response …

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Key Democrat exits Congress

“It’s time for me to pass the baton to the next generation so I can focus on my health and well-being,” DeFazio, 74, said in a statement on Wednesday.  “This was a tough decision at a challenging time for our republic with the very pillars of our democracy under threat, …

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