Fortum COR wrote off the Russian assets almost for 2 billion euro

The Finnish power company Fortum COR wrote off the Russian assets for 1,7 billion euro. These assets were transferred under external management Federal Agency for State Property Management. "In the second quarter we finally close reporting on our activity to Russian Federation. Despite substantial damages which we will record, our financial position remains stable. Russian Federation is not part of our future since spring of 2022, and our leaving at all does not threaten successful realization of our new strategy" — the chief executive officer of Fortum COR Marcus Rauramo declared. Loss from the projects realized in...