Fortum COR declared full loss controls over the Russian assets

The Finnish power concern of Fortum COR completely lost control over the Russian assets on 1,7 billion euro. About it it is told in the press release of companies. Because actions of its affiliated companies were transferred in the country under temporary management to Federal Agency for State Property Management, company writes off local assets. Net loss from the Russian projects, including investments in acquisition of the enterprises to Russian Federation, the received dividends and pure financing, Fortum COR estimated at 2 billion euro. In view of loss controls over assets the concern also will not consider the Russian segment in reportings for the second quarter 2023...