About 300 foreign companies have ceased their activities in Moscow after the imposition of Western sanctions in retaliation for Russia’s invasion of Ukraine, said the mayor of the Russian capital, Sergei Sobyanin.
“We know that we can face new challenges and new problems. This refers to companies with foreign participation, of which there are many in Moscow, several thousand, and today about 300 have announced the cessation of their activities.”, he stated during the opening of a job center, according to Interfax.
The head of the capital administration pointed out that the reopening of these companies “It will depend on the owners of these companies.”
“Our task is to guarantee jobs to the people who worked in them in case of dismissal. In general, these are highly qualified and well-paid workers, who will naturally be in demand by other companies in Moscow.“, said.
The mayor stressed that at the moment the level of unemployment in Moscow is at the lowest level in its history.
“Moscow and the whole country in general are experiencing economic difficulties, mainly linked to the large-scale pressure of sanctions. We can say that they have declared an economic war on us”, he found.
Sobyanin acknowledged that the population expresses concern about their jobs and salaries, practically after having survived “the severe period of the pandemic, when Muscovites had the same concerns and a whole series of companies significantly reduced their staff”.
“We overcame that situation quite quickly, in Moscow the entire labor and employment system was reformatted, about fifty multifunctional documentation centers were created, centers dedicated to special programs were created to offer work to people experiencing special difficulties“, he pointed.
Among the most affected groups, Sobyanin cited the young, people close to retirement age and the disabled.
After the beginning of the Russian invasion against Ukraine (Moscow calls it “special military operation), condemned by the international community, Russia became the country with the most sanctions worldwide, above Iran or Venezuela.
Among the more radical are the closures of air spaces to Russian planes, the partial disconnection of Russian banking from the Swift system, the freezing of part of Russia’s foreign exchange reserve, as well as personal sanctions that include the country’s leadership, including Russian President Vladimir Putin.
Source: Gestion
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