Ukraine: Russia threatens to nationalise foreign companies


Western businesses leaving Russia due to the war may have their companies and production facilities confiscated by the Russian state, according to Moscow.

Businesses that leave the country are “basically abandoning their staff to their fate,” said former Russian president Dmitry Medvedev on Thursday.

To prevent people from ending up unemployed and on the streets, the Russian government is taking steps to bring about the insolvency and subsequent nationalisation of these companies, the deputy chief of the Russian Security Council said.

On the foundation of the assets left behind by “investors in panic,” a new industry would have to be built. This approach is objective and fair,” said Medvedev.

Among the affected are companies from Germany, other EU countries, and the U.S.

Western businesses leaving Russia due to the war may have their companies and production facilities confiscated by the Russian state, according to Moscow.

Businesses that leave the country are “basically abandoning their staff to their fate,” said former Russian president Dmitry Medvedev on Thursday.

To prevent people from ending up unemployed and on the streets, the Russian government is taking steps to bring about the insolvency and subsequent nationalisation of these companies, the deputy chief of the Russian Security Council said.

On the foundation of the assets left behind by “investors in panic,” a new industry would have to be built. This approach is objective and fair,” said Medvedev.

Among the affected are companies from Germany, other EU countries, and the U.S..

Source: Today.ng.