(Reuters.) Multinationals have reported losses associated with their withdrawal from Russia and/or suspension of activity in Russia after Moscow invaded Ukraine on February 24, 2014.

This list includes firms that provide cost estimates in relation to Russia’s temporary and permanent halts.

APPAREL

ADIDAS

German sportswear manufacturer, Adidas, warned that Russia would close its stores in March. It did not provide an estimate. This is a quarter-sized portion of its total, with 500 shops in Russia.

The report also stated that Ukraine may pose a threat to the sales of as much as 250 million euro ($271million), which is about 1% of total group revenues in 2021.

LPP

LPP, Poland’s most popular fashion retailer, was hit by a 335m zloty ($78 Million) writedown in its fourth quarter. This decrease covered closing of stores in Russia.

Russia accounted for 19.2% of LPP’s full-year sales revenue in 2021/2022. LPP believes that the closing of Russian stores and suspending business operations in Ukraine will result in a loss of 25% in revenue.

TJX (NYSE): U.S.-based fashion retailer TJX stated it was selling its 25% stake at Familia Russian low-cost clothing chain Familia. TJX bought the stake for $225 million in 2019 but the value of the stake at Familia was $186million at January’s end.

TJX indicated that it could need to recognize impairment as a result of divestiture, if Familia investments decline below their carrying values on the balance sheets.

AUTOMAKERS

RENAULT Renault (EPA:). In March, the EPA said it would consider a 2.2-billion-euro ($2.38billion) non cash writedown to account for possible costs associated with Russia’s suspension of operations.

Although Russia was the second largest market for our company after France, lost sales were responsible for 166 millions euros in revenue losses during Q1.

VOLVO

According to the Swedish truckmaker, $423 Million was set aside by it after Russia suspended activities. This amount was 3% of total group sales.

BANKS

CITIGROUP According to the U.S. Bank, it expects that Russia’s exposures will result in a significant loss.

Citi claimed that its Russian exposure has been reduced by $2.0 billion and $7.8 billion since December 2021.

In order to protect itself from losses due to Russia’s direct exposures, and to counter the impact of the Ukraine crises on the economy, one of America’s most important banks increased its reserve by $1.9 billion in the quarter.

CREDIT SUPISSE On April 20, the Swiss Bank estimated that Russia’s invasion of Ukraine would cost them 200 million Swiss Francs (or $209 million). This figure was based on a quarter-year estimate.

SOCIETTE GENERALE A French bank announced that it will leave Russia and sell its Rosbank unit, Interros Capital for 3.1 billion Euros ($3.35 Billion).

Rosbank will take a 2 billion euro hit on its book value. Rest of the amount will be linked to the reversed conversion reserve.

UBS On April 26, UBS, a Swiss bank stated that Russia’s invasion in Ukraine cost about $100 million. UBS’ exposure to Russia had been reduced by $400 million, or $600 million, at the end March.

UTILITIES & CONSUMABLES

ESSITY A Swedish company that makes hygiene products said it would report a write down of 1.4 billion Crowns ($147.7m) following its March shutdown in Russia.

This company generated approximately 2% of the total country’s sales last year. It earned 2.8 billion crowns ($295 millions).

FORTUM

Fortum claimed it would report a pre-tax impairment in excess of 2.1 billion euro from Russian operations for the first quarter.

The figure includes Fortum’s Russia segment at 0.3 billion, Unipro (a Russian company owned and controlled by Fortum’s sub-company Uniper), and Fortum’s ownership of TGC-1 in Russia and renewables joint ventures in Russia.

HENKEL

According to the German chemical and consumer goods giant, there will be a significant impact on sales for full year of approximately 1 billion euros due to the current geopolitical environment.

Persil, the manufacturer of Persil laundry detergents as well as Pritt glue, announced that in mid-April they would be leaving Russia. Then on Friday, Pritt added it will also leave Belarus.

PHILIP MORRIS

Following the cessation of sales in Russia of many Marlboro and Parliament products, the tobacco company took 3 cents per shares for Ukraine.

Philip Morris (NYSE 🙂 reported first-quarter earnings of $2.32 billion or $1.50 each share. This is 3.6% lower than its global sales. Russia, which generated over $1.8 billion in revenue last year, is about 6% of its worldwide sales.

ENERGY

BP (NYSE -:)

BP reported a Russian write-down of $24 Billion, which is slightly below its initial estimate at $25 billion. BP stated that its non-cash write down of Rosneft stakes and in two joint ventures pushed it into a $20.4 billion loss in quarter.

EQUINOR Norway’s Equinor stopped trading in Russian oil in March, in addition to shutting down its operations in the country. In the first quarter, Equinor recognized net impairments in Russia of $1.08 Billion.

It is also in the process of leaving its joint ventures with Russia’s Rosneft.

EXXON MOBIL COMPANY

Chief financial officer for the company stated that earnings and oil production would be negatively affected by Russia’s exit of oil and gas giant.

Exxon Mobil (NYSE) Russia’s oil and gas activities were valued at over $4 billion. After-tax losses of $3.4 billion on Russia Sakhalin-1 were part of the first quarter’s results.

OMV

On April 8, the Austrian energy company stated that it will take a 2Billion euro hit in its first quarter due to Russia’s pullback. This would be split equally between the Nord Stream 2 pipeline connection and the adjustments made to the consolidation process of two Russian entities.

SHELL

Following its exit from Russia, the largest liquefied trading company in the world will have to write off $5 billion. That’s more than the $3.4 million previously disclosed. Additional potential effects such as credit loss, receivable writedowns and contracts could cause the increase.

ENGINEERING & CONSTRUCTION

ALFA LAVAL

Swedish engineering firm, SINTEL, has stopped all orders from Russia. It stated that orders totalling 602 million Swedish Crowns ($62 Million) were cancelled due to sanctions.

Additionally, 327 million Crowns of Provisions were booked by the company to help cover costs related to Russia’s existing contracts.

KONECRANES

Finnish engineering firm said that it wrote down orders to Russia of 79 millions euros during the quarter. Also, 32 million euros (or $34.6 million) worth of Russian sales were cancelled. This negatively affected the quarter’s operating profit by around 39 million euro.

SRV A Finnish construction company announced that on April 28th, it had written off most of the Russian assets and sold Fennovoima. This resulted in an impairment at 141.2 million euros (or $148.5 million).

Rest of its assets in Russia were valued at 2.6million euros (or $27 million).

As the decrease in asset values ​​will have a significant impact on SRV’s equity and equity ratio, the company announced a programme to reorganize its financing, including a contemplated rights issue and conversion of its unsecured fixed-interest bond.

VALMET

Valmet, a Finnish engineering firm, decided several projects that were delivered to Russia did not satisfy the criteria for a customer contract. Revenue recognition has been affected by this decision. It has therefore reversed its orders backlog of around 70 million euro.

WARTSILA As it reduced its Russian operations, the Finnish engineering firm WARTSILA reported a 200-million euro write down in its quarterly financial report.

This write-down covers 75 million euro of impairment in Voyage-related goodswill and intangibles, 50 million Euros of impairment in assets in Russia and 75 million Euros of writedowns in trade-sanctioned receivables and projects.

Although the written-down will not affect the company’s similar operating results, it will have a significant impact on its operational finances.

Russia-related activities made up about 5% Wartsila’s net revenue in 2021. The service net revenues were approximately 40 million Euros.

YIT

Following the Russian business being classified as for sale in Russia, the Finnish construction company suffered an impairment amounting to 133 million Euros for its first quarter.

YIT had announced in April its intention to sell the business it has in this country to Etalon Group.

SERVICE STREAMING

NETFLIX

According to the global streaming giant, the decision to stop services in Russia on April 19, resulted from the 700,000 member loss. This is the company’s first drop in subscribers in over 10 years.

FOOD & BEVERAGES

AB INBEV

On April 22, the Belgian brewer, InBev Efes, announced that it was selling its controlling stake in Russian joint venture AB InBev Efes. A $1.1 billion impairment charge will result from the divestiture in the first quarter. Joint venture includes 11 Russian breweries and three Ukrainian breweries.

CARLSBERG

A Danish beer maker stated that the Russian sale would cause a writedown of around 9.5 billion crowns (1.4 billion). It generated 10% of its total revenue in Russia and 6% in operating profit in Russia between 2021 and 2021.

The company also stated that it expects 300 million Ukrainian crowns to be impaired charges and goodwill writedowns totaling 700 million crowns in the Central and Eastern Europe region.

HEINEKEN NV In late March, the Amsterdam-based brewer determined to abandon Russia. He concluded that any ownership in a business is not sustainable and viable in today’s environment.

Heineken (OTC-) said it won’t profit from any ownership transfer and anticipates impairment and non-cash extraordinary charges in excess of 0.4 billion euro ($432.96 millions).

MCDONALD’S

McDonald’s (NYSE) announced in March that it would spend about $50M per month to close its Russian restaurant. Of its total global locations of more than 38,000, the company has 847 outlets in Russia.

According to Brokerage Piper Sandler, the closing of Russian operations by the restaurant chain is expected to lead to earnings per share exceeding $1.19 by 2022.

TOY MAKERS

HASBRO

American Toymaker warned of potential revenue losses of $100 million in the wake of its April 19 decision to stop Russian toys shipments.

OTHER

HUSQVARNA

Swedish equipment manufacturer for gardening said that April 21 the company had suffered write-downs totalling 119 million crowns (or $122.6 million) as a consequence of Russia stopping any exports or investments. Russia was responsible for 1.5% group sales in 2021.

AP MOELLER MAERSK A/S. The Danish shipping company said that it had a negative effect of $718 millions on its first quarter earnings before interest or tax. That included $162 million in its Ocean segment, $53 million in Logistics & Services and $485 million in Terminals.

Maersk announced in March that it was selling all of its Russian assets, including 30.75% in Russian port operator Global Ports Investments.

METSO OUTOTEC

According to the Finnish supplier of mining technology that stopped deliveries to Russia in March and stated on April 21st, operative assets of Russian customers worth about 100million euros ($109M) may be at risk if they are unable to end existing contracts.

Russian sales accounted for 10% in the company’s 2021 revenue. At end March, 269 million euro of advanced payment guarantees were tied to Russian delivery.

SKF

Swedish bearings-seal maker, Swedish Sealmaker stated on April 22 that Russia would be closed and it planned to sell its Russian operations.

In the second quarter, this decision caused a writedown of 500 million Swedish Crowns ($52.70million). Russian sales made up about 2% in total 2021 sales for the group.

SSAB

According to the Swedish steelmaker, asset writedowns in Russia of 158 Million Swedish Crowns (16.23 millions) were caused by concerns regarding its Russia sales office.

Fennovoima’s prospects in Finland were also affected by the war and sanctions. The shares of the Fennovoima Project in Finland were reduced to zero value by 272million crowns.

SSAB has ceased all direct sales of Belarus and Russia to Russia. It also stopped any new Russian purchases of iron ore and coal until further notice.

STORA ENSO On April 25, the Finnish forestry firm announced that it had sold its Russian sawmills to local management. This resulted in an impairment of approximately 70 million Euros ($75 Million) for Q1. The transaction also triggered an additional loss of 60 million Euros under IFRS accounting regulations upon close of the deal.

The company stated previously that it would cease production and sell in Russia. The company’s Russian revenue accounted for approximately 3% of the total group revenues.

TEAMVIEWER German software firm Teamviewer stated it had stopped activities in Russia or Belarus. It expected that the stoppage of business activity in those two countries would have a negative impact upon billings, at a rate of around 1%.

($1 = 0.9243 euro)

($1 = 6.8341 Danish crowns)

($1 = 4.2921 zlotys)

($1 = 0.9565 Swiss franc)

($1 = 9.7480 Swedish crowns