Moscow Mayor Claims 200k At Risk of Losing Jobs Due to Sanctions

Moscow Mayor Sergei Sobyanin said on Monday that around 200,000 people risk losing their jobs in Moscow because foreign companies have suspended operations or decided to leave the Russian market.

“According to our estimates, about 200,000 people are at risk of losing their jobs,” Moscow Mayor Sergei Sobyanin said in his blog post.

Sobyanin also said authorities had approved a $41-million program to support employment in the Russian capital.

Sobyanin said that the program prioritizes employees of foreign companies that have temporarily suspended their operations or decided to leave Russia.

“It is expected that over 58,000 employees of enterprises that have suspended their activities will receive employment assistance under our program.

Of these, about 12.5 thousand people will undergo retraining, and about 39 thousand people will be employed in temporary and public works,” Sobyanin said.

Sobyanin added that they involve people in public works projects in several city organizations and parks.

Hundreds of mainly Western companies have announced the suspension of their activities or their departure from Russia after President Vladimir Putin sent troops to Ukraine on February 24.

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