200,000 Risk Losing Jobs in Moscow Over Sanctions – Mayor

Authored by themoscowtimes.com and submitted by DinoDinoo93
image for 200,000 Risk Losing Jobs in Moscow Over Sanctions – Mayor

Around 200,000 employees of foreign companies in Moscow could lose their jobs due to sanctions over Russia's military campaign in Ukraine, the city's mayor said on Monday.

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

He said authorities had last week approved a $41-million program to support employment in the Russian capital.

"First of all, the program is aimed at employees of foreign companies that have temporarily suspended their operations or decided to leave Russia," Sobyanin said.

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 Feb. 24.

Sobyanin said the newly approved program was expected to support more than 58,000 people who have lost their jobs. Around 12,500 of them will undergo retraining, he added.

People in between jobs will be offered to get involved in public works in a number of city organizations, parks and elsewhere, Sobyanin added.

Economists believe that the worst economic impact of debilitating Western sanctions is still to come and expect Russia to plunge into a deep recession.

DinoDinoo93 on April 18th, 2022 at 11:52 UTC »

Medvedchuk appealed to Zelensky and Putin to swap him for besieged Mariupol residents, defenders, doubt that happening anytime soon.

https://www.reddit.com/r/worldnews/comments/u6b5is/medvedchuk\_appeals\_to\_zelensky\_putin\_to\_swap\_him/?utm\_source=share&utm\_medium=web2x&context=3

Trekkie97771 on April 18th, 2022 at 11:30 UTC »

I think the Army is hiring...Go to Ukraine and die for motherland

GenXUser on April 18th, 2022 at 11:30 UTC »

Call me when it is 50% of their population.