More than 330 Western companies have announced plans to exit or suspend their operations in Russia or stop investing in response to its invasion of Ukraine. The Russians aren’t amused and are threatening to retaliate.like McDonald’s, Uniqlo, Ikea, the big international credit card companies, BP, Porsche, Philip Morris, Goldman Sachs, Heineken and Starbucks.
The near-40 per cent collapse in the value of the rouble and the inability to convert roubles to dollars, euros, yen or any other functional currency other than, perhaps, China’s renminbi is another major impediment to business-as-usual.Moreover, Russia is not going to be a good place to invest for quite some time. Its already-high inflation rate has taken off – it’s up two per cent in a month with some projections that it will peak at 20 per cent or more – and its economy is tanking.
The Institute of International Finance, and others, are forecasting declines of up to 15 per cent in Russia’s GDP this year. That would wipe out 20 years of economic growth.Putin has threatened to find “legal” responses that would allow Russia to nationalise the assets and operations of companies exiting Russia – to seize their assets – legalise patent and intellectual property theft and arrest any corporate executive in Russia who criticises the government.
Even some of the companies, like Unilever, Proctor & Gamble and Danone, that have pledged to keep operating to protect their employees and ensure essential goods are available to Russian consumers, have also foreshadowed a halt to new investment. There is a lot of mutual destruction occurring from Russia’s invasion and the West’s response. There will be heavy costs for both sides from the sanctions and other efforts targeting Russia’s economy and financial system.
i suspect you may see some westerners arrested and held prisoner once their economy craters to point of desperation
If good for nothing else, he'd make a great poker player. StopPutin and his WarCrimes Force a Russian Rebellion now. Sanctions and Truth