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Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may...
The strategy is likely to haunt Russia’s business climate for decades, as did the Bolshevik regime’s repudiation of Tsarist Russia’s famous gold bonds.
(Reuters) - Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. | 06:52am
Lender under pressure from ministers to 'fully condemn' Kremlin's war
For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else. Companies have been wrestling with how to exit in ways that limit the financial impact, do not put employees at risk and, ...