The Russian assets of major global corporations could be seized by the Kremlin amid the ongoing fallout from Russia’s invasion of Ukraine, according to new research.
About 50% of Sakhalin Energy is owned by Russia’s state-owned gas company Gazprom RU:GAZP, which will be allowed to keep its stake. Shell SHEL, +2.88% has said it would sell its 27.5% stake in Sakhalin Energy. Japan’s Mitsui 8031, -0.67% and Mitsubishi 8058, -0.33% hold 12.5% and 10% stakes, respectively.
Among the companies it researched, The Moral Rating Agency identified General Electric Co. GE, +2.90%, PepsiCo Inc. PEP, +0.08% and Boeing Co. BA, +0.40% as at risk of asset expropriation. In March PepsiCo suspended the production and sale of Pepsi Cola and its other global beverage brands, including 7-Up and Mirinda, in Russia. The food and beverage giant also suspended capital investments and all advertising and promotional activities in Russia.
See Now: Apple is not buying this Russian-sourced metal — but here’s why many companies may still be using it
We froze their bad oligarchs assets, but it was for a good reason, and now they thank us like that? Damn expropriation blackmail.
What agency ffsk ? 🤡🤡🤡🤡🤣🤣🤣🤣
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »