Russia is threatening to seize the businesses of Western companies that have withdrawn from the country after it invaded Ukraine, escalating the economic conflict running parallel to the war itself.More than 300 companies have announced they’re exiting or pausing business in Russia, according to acompiled by Yale professor Jeffrey Sonnenfeld and the Yale Chief Executive Leadership Institute.
Companies that have pulled out or paused their business there include some of the most iconic American brands, such as McDonald’s, Apple and Nike. If their assets are seized, it would make it next to impossible for them to re-enter the country if and when the geopolitical crisis subsides, likely forcing them to take losses if they haven’t already.Russia "will expropriate foreign-owned businesses in a relatively short period of time,” Hermitage Capital Management CEO William Browder tells Axios.
“It would be inconceivable to me — if Putin is ready to tear up the rulebook as far as border countries and oversight is concerned — that he would respect the rulebook as far as corporate governance is concerned.
AndrewSolender They should absolutely do that because there’s no way the Russian people will know the difference.
So you want to take over the American brand companies in your country so you can keep your people happy and ignorant to the fact the companies all pulled out. How do you propose restocking these brands? Also with what money your ruble is currently worthless while Putin lives.
AndrewSolender And nobody does business there again
😂😂😂
Russia ikea,, zikea
Це буде означать кінець будь-яким інвестиціям
UROCKlive1 BREAKING: 850 locations of McDowell's to open in Russia.
I'm wondering how long the oligarchs will put up with this Putin better raise the pay of his security detail.
Their fault ...
Send KamalaHarris to negotiate😂😂😂😂
The phrase 'tin horn dictator' comes to mind here.
Putin is going to be storing a stockpile of McDonald's Golden Arches in the basement of the Kremlin.