UniCredit has disposed of some assets via swaps but has had to widen the search for potential buyers to countries such as India, Turkey and China.Renault sold its share of a lucrative joint venture to the Russian state for 1 rouble. McDonald's handed over 800 branches to a Siberian businessman for a symbolic sum — both have agreed buyback clauses.
Many have given the keys to local managers. Almost all have booked hefty writedowns totalling tens of billions of dollars."The moral-ethical issues are so serious that we have no room to return to Russia," he said. Privately-owned Finnish food company Fazer signed a deal as early as April, selling its Russian bakery business to Moscow-based rival Kolomenskij Bakery and Confectionery Holding.The speed belies the complications.
A power mongering despot will do as much as possible to keep on his trajectory of attention, reputation enhancing and anything that will feed his hunger for death and destruction. It’s for ‘Russian Glory’ The greater the cost the happier Putler is 🤬
Bitchy Western virtue signalers want Russia to help them screw Russia.
Just leave.
Just like China .. should not be operating in muderous dictatoships ...
Any normal person could see this coming a mile away after sanctions, discrimination of Russians and theft of their assets. Those companies should seek compensations from their own governments who supported this juvenile behaviour.
Trump 2024!
Don't worry, Putin will be dead in a few weeks. If his Generals don't get him, the pissed off oligarchs who've lost billions will.
Gotta love it, corporate America's buy-back options waiting for the end of the Biden administration to resume business as usual in Russia.
That’s simple. Completely close down their businesses. Local employees will unfortunately suffer but no where near what the Uk people do
Maybe pay their taxes and then they can f off.
What madness is this? The US uses its proxy NATO to directly threaten Russia, stages a coup in the most corrupt country in Europe on Russia’s border, then imposes sanctions when Russia reacts and expects Russia to comply meekly!!
…no sh$t.
Good. Biden will be leaving the White House soon. Putin will still be there as president of Russia.
allowing NATO to move in eastern europe was the beginning
Western companies worried about their employees, is BS. They're only worried about the bottom line.
Just like the vaxx rollout, they have a choice.👍