(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.

These firms are listed according to their sector and have given cost estimates for a Russia-based temporary or permanent halt.

APPAREL

ADIDAS

German sportswear manufacturer, Adidas, warned that Russia would close its stores in March. It did not provide an estimate. The country has 500 of the company’s total stores. The company also stated that Ukraine may pose a threat to its sales, with a potential loss of 250 million euros ($271million), which is about 1% of their total group turnover in 2021.

LPP

LPP’s fourth quarter results, Poland’s largest fashion retailer, suffered a write-down of 335M Zloty (or $78 Million) that covered the closure of its Russian stores. Russia was LPP’s second-largest market, after Poland. It accounted for 19.2% in its annual sales revenue. 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 🙂 The U.S. fashion retailer TJX announced that it will sell 25% of its stake in Familia, a Russian clothing shop chain with low prices. At the end January, the stake was worth $186 million. This is less than what TJX spent on it in 2019 at $225 million. TJX stated that it may need to report impairment as a result of divestment if Familia’s fair value falls below the carrying value.

AUTOMAKERS

RENT Renault (EPA:) In March, EPA stated that it had considered a 2.2-billion-euro ($2.38 Billion) non-cash writedown in order to cover the possible costs associated with Russia’s suspension of operations. Although Russia was the largest market, it still accounted for 166m euros in revenue losses during Q1.

VOLVO

After suspending Russian activities that were equivalent to 3% of its group sales, the Swedish truck manufacturer stated on April 8 that it had put aside $423 million.

BANKS

CITIGROUP According to the U.S. Bank, it estimates that its Russian exposures could cause a significant loss up to 3.0 billion in its quarter-end report. Citi claimed that its total Russian exposure has been reduced by $2.0billion to $7.8billion since December 2021. To prepare for potential losses due to direct Russian exposure and economic impacts of the Ukraine crisis, the largest U.S. bank added $1.9Billion to its reserves during the first quarter.

CREDIT SUPISSE On April 20, the Swiss Bank estimated that the Russian invasion in Ukraine would cost them 200 million Swiss Francs (or $209 million). This figure is for Q1 2022.

SOCIETTE GENERALE The French bank announced that it will leave Russia and write off 3.35 billion euros ($3.35 Billion) from the sale of its Rosbank unit. This amount includes a 2Billion-euro loss on Rosbank’s books and is tied to the reverse of the rouble currency conversion reserves.

UBS Swiss Bank stated on 26 April that Russia’s incursion into Ukraine was costing the bank approximately $100 million. UBS’ exposure to Russia had been reduced by $400 million, or $600 million at the close of March.

UTILITES & CONSUMABLES

ESSITY A Swedish company that makes hygiene products said it will record a write down of 1.4 billion crowns ($147.66 millions) following the March shutdown of all Russian sales and production. About 2% of total Russian sales were generated by the company, which equates to approximately $295 million.

FORTUM

Fortum claimed it would report a pre-tax impairment in excess of 2.1 billion euro from Russian operations for the first-quarter. Fortum’s Russia Segment will be impacted by 0.3 billion Euros, Unipro Russia (a Russian subsidiary of Fortum), and 0.66 billion from Unipro Russia. Fortum also owns 0.2Billion in Russian energy company TGC-1. The Finnish utility stated that Fortum has 0.2Billion in Russian renewables joint ventures and Russian power company TGC-1.

HENKEL

In its quarterly report, the German chemical- and consumer goods firm stated that it sees a 1 billion euro impact on full year sales due to current geopolitical conditions.

Persil detergents and Pritt glue were announced by the maker in April. On Friday, it added that it was also leaving Belarus.

PHILIP MORRIS

Following the discontinuation of sales in Russia of several Marlboro and Parliament products, the tobacco company took a 3 cent per share charge for Ukraine. Philip Morris (NYSE) Q1 earnings dropped 3.6% to $2.32 Billion, or $1.50 per Share, which includes the 3-cent fee. Russia was responsible for 6% to its worldwide sales last year with a revenue record of over $1.8billion.

ENERGY

BP (NYSE 🙂

BP, the oil and gas giant, reported a write-down of $24 billion in Russia. This was slightly less than initial estimates of $254 billion. BP claimed that its non-cash write down of Rosneft stakes and in two joint ventures entitles it to a loss of $20.4 million in headlines.

EXXON Mobil CORP

CFO for the company stated that earnings and oil production would be negatively affected by Russia’s exit of oil giant. Exxon Mobil The Russian oil and natural gas assets of (NYSE:) were worth more than $4B. In its first quarter, the company reported a $3.4 Billion after-tax loss on Russia Sakhalin-1.

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 billion disclosed previously. Additional potential effects such as credit loss, receivable writedowns and contracts could cause the increase.

ENGINEERING & CONSTRUCTION

ALFA LAVAL

Swedish engineering company has suspended all Russian orders. It stated that 602million Swedish crowns (or $62 million) of orders had been cancelled by sanctions. To cover costs related to Russia’s existing contracts, the company also purchased 327 million Crowns of Provisions.

KONECRANES

Finnish engineering firm said that it wrote down orders to Russia of 79 millions euros during the quarter. Also, 32 million euros ($34.62million) worth of Russian sales were cancelled. This negatively affected the quarter’s operating profit by 39 million Euros.

SRV On April 28, the Finnish construction firm said that it had sold most of its Russian holdings and written down all Russian assets. It also recorded an impairment of 141.2 millions euros ($148.50million) to its balance sheet. Its Russian assets, which are still worth approximately 2.6million euros (or $2.73 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

The Finnish engineering company Valmet has decided that several projects they delivered to Russia do not meet the requirements of customer contracts for revenue recognition and made an order reversal in the amount of 70 million euros.

WARTSILA A 200 million Euro write-down was recorded by WARTSILA, a Finnish engineering company. This is as the group reduces its Russian business. It includes 75m euros in impairment of Voyage associated goodwill, intangibles, 50m euros in impairment related assets in Russia and 75m euros in write-downs related project and receivables that are trade-sanctioned. Although the negative effect on company’s operating results is not significant, it has a detrimental impact on its financial operations.

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

YIT

After the Russian companies were classified as being for sale, the Finnish construction firm suffered an impairment of 133 millions euros in the quarter. YIT declared in April that it was selling its Russian business to Etalon Group.

SERVICE STREAMING

NETFLIX

Global streaming company Spotify announced on April 19 that it had suspended services in Russia, resulting in 700,000. This was the company’s first loss in over a decade.

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. In the first quarter, there will be a $1.1 million impairment charge. 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). In 2021, the company earned 10% of its revenues and 6% of its operating profits in Russia. According to the company, it anticipates 300,000,000 crowns of Ukraine impairment fees, and 700 million goodwill writesdowns for Central and Eastern Europe, which also includes Ukraine.

HEINEKEN NV A Dutch brewer, Heineken NV, decided to exit Russia in March. It concluded that any ownership in a business is not sustainable and viable in the current economic environment. Heineken (OTC-) said it won’t profit from any ownership transfer and anticipates an impairment as well as other non cash exceptional charges in the range of 0.4 billion euro ($432.96m).

MCDONALD’S

McDonald’s (NYSE) announced in March that it would spend about $50M per month to close its Russian restaurant. From its worldwide total of more than 38,000, the company has 847 locations in Russia. Brokerage Piper Sandler predicts that Russia’s closure of operations will result in earnings per share reaching $1.19 in 2022.

TOY MAKERS

HASBRO

American toys manufacturer Toys R Us warned that it could suffer a revenue loss of around $100 million due to the decision to suspend Russian toy exports.

OTHER

HUSQVARNA

Swedish equipment manufacturer for gardening said that April 21 the company had suffered write-downs totalling 119 million crowns ($12.6million) as a consequence of Russia stopping any exports. Russia represented 1.5% of the group’s sales in 2021.

METSO OUTOTEC

According to the Finnish supplier of mining solutions that stopped deliveries to Russia in March and stated on April 21st, operative assets of Russian customers worth about 100 million euro ($109 million), could be in danger if it is not able to end existing contracts in a controlled manner. The Russian-related sales made up 10% of the company’s revenue in 2021. At March’s end, it added 269 million euro of advanced payment guarantees linked to Russian deliveries.

SKF

On April 22, the Swedish seal and bearing maker announced that it would cease operations in Russia. It also plans to sell its Russian business carefully. In the second quarter, the decision results in a writedown of 500 million Swedish Crowns ($52.70million). Russian sales made up about 2% in total Group sales for 2021.

SSAB

On April 26, the Swedish steelmaker stated that concerns regarding its Russia sales office had resulted in asset writedowns totalling 158 million Swedish Crowns (or $16.23million) in Russia. Fennovoima, a Finnish project that is based on Fennovoima in Finland’s Fennovoima shares were affected by sanctions and the war. These share values have been written down to zero value with 272million crowns. SSAB announced that it has discontinued direct sales of Russian and Belarusian coal, as well as any future purchases from Russia.

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 previously stated that it will cease all sales and production in Russia. About 3% of all group revenues came from Russia.