Consideration of Fortum’s claim for compensation for assets in the Russian Federation may begin at the end of the year

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On May 11, Fortum announced writing off Russian assets worth 1.7 billion euros. The company clarified that investments in the Russian business amounted to about 6 billion euros, taking into account the purchase of shares. EBITDA of the regional segment since 2008 has been fixed at over 4 billion euros. According to Fortum’s calculations, the net cash loss from investments in Russia, acquisitions of enterprises and dividends reached 2 billion euros.

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