Russian government officials said the country could seize or nationalize the assets of Western companies that have suspended operations in the country.
Since the beginning of Ukrainian conflict, in the last two weeks, more than a hundred American, European and Japanese companies (in almost all industrial segments) have now suspended their activities in Russia. A real stampede: they have abandoned joint ventures, factories, shops and offices for fear of counter-sanctions or other kinds of retaliation.
According to what the press notes, Russian President Vladimir Putin on Thursday instructed government officials to consider “external management” for businesses that have fled the country after Russia began “special military operations” in Ukraine.
Nationalization: a real risk for the "Western industrial bloc"?
We must act decisively with those [companies] that will close their production… it is necessary, therefore… to introduce external management and then transfer these enterprises to those who want to work.
Vladimir Putin, Russian President
The measures being studied by the Russian government would affect the main global companies that were the first to leave the country (with risks of serious employment repercussions). Primarily Apple, as well as companies such as Microsoft, IBM, McDonald's, IKEA and many, many others.
What would this decision to nationalize entail?
It is difficult to make predictions: I rephrase it, it is not difficult. It's just that they all seem nefarious. The measures could see these companies' accounts and assets seized, or they could see them placed under external management or nationalized altogether. LCM is a term used in international finance to describe a process of this type, which would (in fact) assume the character of a real expropriation.
