Around 200,000 people risk losing their jobs in the Russian capital because foreign companies have suspended operations or decided to leave the Russian market, Moscow Mayor Sergei Sobyanin said on Monday, APA reports citing Moscow Times.
"According to our estimates, about 200,000 people are at risk of losing their jobs," 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.
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