OREANDA-NEWS  Foreign retail consumer brands that stopped or temporarily suspended business in Russia due to a special military operation, according to consultants, could lose up to $2 billion in total. The losses of the departed companies were calculated by Kommersant.

According to the publication, the total volume of losses in the form of lost profits of foreign brands exceeded 1.3–1.5 billion dollars. However, taking into account the temporarily inactive stores of the chains that did not declare their departure, the amount can reach $ 2 billion.

"The most tangible losses are from Swedish H&M, Spanish Inditex (brands Zara, Bershka, Massimo Dutti and others) and IKEA — together they account for more than one billion dollars," said Ruslan Petruchak, adviser to the dispute resolution and bankruptcy practice of BGP Litigation.