Europe's biggest companies reported a combined €100 billion loss from leaving Russia, report says

• Since the invasion of Ukraine last year, companies have been scrambling to cut ties with Russia.
• An FT survey found that companies lost €100 billion attempting to leave the state.
• The Kremlin seized Danone's and Carlsberg's assets last month, Putin is determined to profit from outgoing firms.

European companies have lost more than €100 billion in Russia since its invasion of Ukraine, according to the Financial Times. 

From February last year, companies have been pulling out their operations en-masse from the state in response to pressure from investors and consumers.