American companies 'can't do much' if Russia seizes their assets

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 71%

México Noticias Noticias

México Últimas Noticias,México Titulares

The stakes are high – Exxon has US$4 billion in Russian limbo, while Citigroup has US$10 billion there.

a proposed Russian law that would nationalize operations of departing Western companies, the Wall Street Journal reported.Men walk in front of the McDonald's flagship restaurant at Pushkinskaya Square - the first one of the chain opened in the USSR on January 31, 1990 - in central Moscow on March 13, 2022, McDonald's last day in Russia.

“That’s not going to do them a lot of good in this case,” she said, explaining that Russia would be expected to refuse participation in any legal proceedings and assert sovereign immunity to insulate its government from any domestic claims. “You really can’t do much of anything.”“Once they have control of U.S. corporate assets, they're unlikely to let them go,” Brilmayer says of the scenario where Russia makes good on its threats.

One possible, yet slim, avenue for U.S. companies to regain seized property is through the U.S.-Russia negotiations, or through a larger peace deal with the U.S. government. It’s possible, Brilmayer said, that Russia would bargain for the return of Russian assets seized by the U.S. through sanctions, or otherwise. Such deals, she cautioned, can be slow to materialize.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

👏👏👏👍

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 3. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Investors turn to crypto funds, companies as Russia-Ukraine crisis escalatesNEW YORK : Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict.Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »