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| Caucasus/Russia/Central Asia |
| Russia Seeks to Seize Assets Left Behind by Foreign Companies Leaving |
| 2022-03-12 |
| [Breitbart] Russia’s Economic Development Ministry prepared draft legislation that would potentially allow the Kremlin to nationalize the assets of foreign-owned businesses that leave the country, Russia’s Interfax News Agency reported Thursday. The bill would "allow the state corporation VEB.RF and the Deposit Insurance Agency (DIA) to quickly take control of such companies, and then ’repack’ the business into a new organization and sell it at public auction. If there are no applicants, then the state will act as a buyer," according to Interfax. "VEB.RF" refers to Vnesheconombank, which is a Russian state-owned development corporation. Russia’s Economic Development Ministry drafted the legislation in response to a mass exodus of foreign businesses from Russia since February 24, when Moscow launched its latest military operation in Ukraine. United Russia, the nation’s ruling party, described the bill as "the first step towards the nationalization of the property of foreign organizations leaving the Russian market," according to the U.S. government-owned website currenttime.tv. "United Russia added in a statement on the Telegram messaging app that the [Russian] commission on lawmaking activity had supported a bill allowing for firms more than 25% owned by foreigners from ’unfriendly states’ to be put into external administration," Reuters relayed on March 10. |
| Posted by:Besoeker |
| #7 I seem to remember a lot of, "A closed business can just re-open whenever, no problem." |
| Posted by: swksvolFF 2022-03-12 13:25 |
| #6 Commies will know how to run these businesses just right. Into the ground. |
| Posted by: Frank G 2022-03-12 08:48 |
| #5 (also posted to thread, "Diesel Soars") "A clean conscience is worth a buck" - Tesla-driving multimillionaire lefty ...featured on Tucker C's latest, You Are About To Get A Lot Poorer |
| Posted by: Porthos 2022-03-12 08:30 |
| #4 But a great excuse for another $1.x trillion in corporate welfare to be piled on the taxpayers' heads. |
| Posted by: M. Murcek 2022-03-12 08:26 |
| #3 Ok, so they grab a building and whatever inventory is there; on e its gone (inventory), where is the replenishment coming from? Highly doubt Ford or McDonalds will be shipping new stock in, and corporate will take the tax writeoff. More of a pr stunt than anything tangible. |
| Posted by: USN, Ret. 2022-03-12 08:23 |
| #2 Not like they've done that before. |
| Posted by: Procopius2k 2022-03-12 07:59 |
| #1 "To the victor go the spoils" ~ Marcy |
| Posted by: Besoeker 2022-03-12 06:16 |