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ANALYSIS-Remaining Western firms face tricky Russian exits

Nationalising assets by presidential decree - a constant threat - was exploited in April with the seizure of assets owned by Finland's Fortum and Germany's Uniper. THE UNKNOWN Gaining government commission approval is very demanding, time-consuming and difficult, said Dr Peter Wand, a partner at Baker McKenzie in Frankfurt, who worked on Nokian Tyres' exit. The appraisal process, which requires a Russian evaluation of the business, was particularly lengthy, he said, with the ever-t...
Johanna Horsma Nokian Tyre Horsma Thomas Kormendi The Unknown Tatiana Stanovaya Nokian Tyre

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