Russia Plans to Seize Local Units of Western Firms That Try to Exit Country

Zubu Brothers ^ | 5-27-2022 | Reuters bureaux; editing by Elaine Hardcastle

[libertylover]

The law to seize the property of foreign investors follows an exodus of western companies, such as Starbucks, McDonald’s and brewer AB InBev, and increases pressure on those still there.

New law? Actually, I thought Starbucks and McDonald's abandoned their assets in Russia.

[bobbo666]

Whenever the whiny arsed liberal scum parrot on and on about how “the rich” (used to be millionaires until Bernie Sanders got his million) were sequestering funds out of their countries and into others to avoid taxes, they called for seizing their domestic assets.

Odd that Russia is adopting the same liberal scum tactics. Odd.

[Arlis]

Russia is a third-world totalitarian state corrupt throughout.

With nukes.

[Krosan]

Will work for them as well as it worked for Venezuela and these other s-holes.

They’re going to get their Soviet Union experience back and notice it’s not what the propaganda-pseudohistory claimed, but misery and poverty.

[Mister Da]

This should be a lesson for US companies who invest in adversaries of the US - it’s a bad gamble. Money invested in China will be lost when China invades Taiwan. Apple alone will be devastated by such an event.

It should also be a lesson for western governments that rely on adversarial nations for food, fuel, medicine, & essential raw materials.

Fat chance either commerce or government will heed the obvious warnings.

[Kazan]

It comes as the Russian economy, increasingly cut-off due to western sanctions, plunges into recession amid double-digit inflation.

Never mind, the ruble is at four-year high compared to the dollar and stronger than when sanctions began. Or that inflation has declined to the point that Russia cutting interest rates. Or that the Russians are collecting 50% more in oil revenue than before the war. Or that Russia is running a surplus to its Treasury. It is on track for a record trade surplus.

Russia is isolated? Except for the countries with the largest populations in the world -- China and India along with most of Asia, all of Africa and most of South America>

But if you want to align yourself with moronic strategy of the Biden regime, have at it.