Published 4 years ago • loading... • Updated 4 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.

13 Articles

EURACTIV

Lean Left

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.

4 years ago·Brussels, Belgium

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The Daily Star

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Russia plans to seize western firms looking to leave country

4 years ago·Bangladesh

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Rappler

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Russia prepares to seize western firms looking to leave

A draft law outlines how Russia could appoint an administrator to firms where at least 25% of the shares are in 'unfriendly' foreign hands. It lays down a wide range of criteria for intervention.

4 years ago·Pasig, Philippines (the)

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ARY News

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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

4 years ago·Pakistan

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Inquirer

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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

4 years ago·Makati, Philippines (the)

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