In a bold claim that’s sparking global chatter, Kirill Dmitriev, head of Russia’s sovereign wealth fund, revealed at a high-profile event in Riyadh that U.S. businesses have lost a staggering $300 billion since exiting Russia after the onset of military action in Ukraine.
Dmitriev emphasized the need for dialogue between Russian and U.S. officials to resolve the conflict, stating: \"The economic fallout impacts everyone. It’s time to prioritize diplomacy.\"
While experts debate the exact figures, the statement highlights the far-reaching ripple effects of geopolitical tensions on global markets. Many major U.S. brands halted operations in Russia last year, but few predicted losses on this scale.
What’s next? With calls for talks growing louder, could this be a turning point for strained economic ties? Stay tuned as we track this developing story.
