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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Moscow Mayor: 200,000 Jobs at Risk as Foreign Firms Leave

A general view of Moscow International Business Center also known as Moskva City, in Moscow, Russia March 17, 2022. REUTERS/Maxim Shemetov

Around 200,000 people risk losing their jobs in the Russian capital because foreign companies have suspended operations or decided to leave the Russian market, Moscow Mayor Sergei Sobyanin said on Monday.

Moscow authorities are ready to support people who lose their jobs by providing training and temporary and socially-important work, Sobyanin wrote on his blog.

Russia sent its troops into Ukraine on Feb. 24 in what it called "a special military operation." Ukrainian forces have mounted fierce resistance and the West has imposed sweeping sanctions on Russia.

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