Western companies have started to tally the cost of a long-term exit from Russia, after President Vladimir Putin endorsed a plan to nationalize foreign assets left behind.
Western companies have started to tally the cost of a long-term exit from Russia, after President Vladimir Putin endorsed a plan to nationalize foreign assets after many companies said they would pause their Russia operations in the wake of Moscow’sMr. Putin on Thursday backed a plan floated earlier this week by a senior member of his dominant United Russia party to nationalize the operations of
. Such a move would help prevent job losses and maintain Russia’s ability to produce goods domestically, said Andrei Turchak, the secretary of the general council of the United Russia party.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Not all Western companies sever ties to Russia over UkraineA shrinking number of well-known companies are still doing business in Russia even after hundreds of others have announced plans to curtail ties.
Read more »
Russia widens attack on Ukraine's cities, striking western airfields and DniproRussian forces launched multiple missile attacks on a wide range of targets across Ukraine in the early hours of Friday, striking airfields in the far west of the country and, for the first time, hitting the central city of Dnipro, to which Ukrainians from other embattled cities have fled.
Read more »
Western Union Suspends Operations in Russia, Belarus Over Ukraine War – Bitcoin NewsWestern Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine.
Read more »
Western Drugmakers Are Still Providing Medicines to RussiaHealthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and other measures have thrown up hurdles.
Read more »
Russia Calls Western Arms Shipments to Ukraine 'Legitimate Targets'Russia's deputy foreign minister said Moscow has warned the U.S. that pouring weaponry into Ukraine is a 'dangerous move.'
Read more »
Russia threatens to attack Western arms shipments\u0027We have warned the U.S. that pumping weapons into Ukraine by a whole range of countries is not just a dangerous path but are actions that turn these convoys…
Read more »