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200,000 risk job loss in Moscow over Sanctions: Mayor Sobyanin

by John Pierce
July 3, 2023
in Business
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about 200,000 people risk They lose their jobs in Russian capital because foreign companies have suspended their operations or decided to leave the Russian market, said Moscow Mayor Sergei Sobyanin on Monday.

We estimate about 200,000 people It is in risk of “They lose their jobs,” Sobyanin said. in Blog post.

the authorities said last The week approved $41 million program to support employment in Russian capital.

“Or not of All the program Aimed at employees of Foreign companies that have temporarily suspended their operations or decided to leave Russia.

hundreds of Mainly Western companies have announced Suspension of Their activities or their departure from Russia after President Vladimir Putin sent troops to Ukraine on February 24.

Newly agreed Sobyanin said program It was expected that support more from 58000 people who They lost their jobs. about 12500 of They will undergo retraining, hu added.

People in Between jobs, you will have the opportunity to participate in public Works in number of city Organizations, parks and other places, Sobyanin added.

Economists believe that the worst economic impact of The debilitating Western sanctions are yet to appear, and we expect Russia to slip into a deep recession.

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