May 16, 2024

AndronETalksNews

AndronETalksNews

Russia Lays Groundwork For Nationalizing Foreign Companies Amid Fallout From Ukraine War

Radio Free Europe / Radio Liberty

Russia’s Economic Development Ministry has drafted legislation aimed at preventing the mounting exit of international businesses from Russia over the war in Ukraine, and potentially laying the groundwork for nationalizing them.

The bill envisions that the state-owned Vnesheconombank and the state export-guarantee agency would have the right to seize the property of foreign companies that left Russian markets of their own accord.

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