Russia under new law: Western companies find it difficult to leave

Russia under new law: Western companies find it difficult to leave

Russia is advancing a law that would allow it to take control of the local businesses of Western companies who decide to leave Russia due to the invasion of Ukraine, writes the BBC, Pryskopi. The law, which could be imposed within weeks, would enable Russia to intervene where danger [...] appears.

The law, which could be imposed within weeks, would enable Russia to intervene where the risk of positions of work or industry is posed, making it more difficult for Western companies to leave their businesses while they are not prepared to receive a major financial blow.

Hundreds of international interiors, including Starbucks, Coca-Cola and Apple, have left or suspended their sales there since the country invaded Ukraine in February.

This comes as the Russian economy, hit by Western sanctions, sinks into recession at the time of doubled inflation. /Periscopi/

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