Russian Post estimates losses due to sanctions ...News

Russia Today - News
Russian Post estimates losses due to sanctions
source : Russia Today ( News ) () 52
A Western ban on payments from the country undermined the company’s bottom line last year, according to an official report The Russian state postal service has reported massive losses for the first time in nine years, largely due to logistical disruptions caused by Western sanctions, annual results published on Monday showed. Russian Post incurred total cumulative loss of 30.4 billion rubles ($373 million) in 2022 under international financial reporting standards (IFRS). The operating loss was 15 times larger than a 2.3 billion ($28.2 million) profit recorded in 2021, the figures showed. Sales revenue dropped by 3

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