Published 2 years ago

Analysis: Russia prepares to seize western firms looking to leave

Summary by Ground News

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there is a threat to local jobs or industry. It comes as the Russian economy, increasingly cut-off due to western sanctions, plunges into recession.

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Reuters

Analysis: Russia prepares to seize western firms looking to leave

2 years ago·United Kingdom

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The Star Kuala Lumpur

Analysis-Russia prepares to seize western firms looking to leave

(Reuters) - Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. Read full story

2 years ago·Malaysia

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IBTimes

Analysis-Russia Prepares To Seize Western Firms Looking To Leave

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow's invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there is a threat to local jobs or industry, making it more difficult for western companies to disentangle themselves quickly u…

2 years ago·United States

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Financial Post

Russia prepares to seize western firms looking to leave

2 years ago·Canada

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Ghana Guardian

Russia prepares to seize Western firms looking to leave

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there is a threat to local jobs or industry, making it more difficult for western companies to disentangle themselves quickly u…

2 years ago·Accra, Ghana

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Inquirer

Russia prepares to seize western firms looking to leave

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for

2 years ago·Manila, Philippines

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