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| Caucasus/Russia/Central Asia |
| Russia Looks to Seize Western Companies Who Try to Leave |
| 2022-05-27 |
| [PJ] A bill is working its way through the Russian Duma that would allow Moscow to seize Western companies that threaten to leave Russia. Most Western companies have already left, but the few that remain now face severe pressure to leave or give in. The law would give the government broad powers to intervene "where there is a threat to local jobs or industry," according to Reuters. It makes it "more difficult for western companies to disentangle themselves quickly unless they are prepared to take a big financial hit." The EU is proposing to toughen its own rules on the Russian sanctions, including stiffening the penalties for violating the sanctions regime. But some Russian politicians don’t get the connection between the sanctions and the war. Former president Dmitry Medvedev, who is now deputy chairman of Russia’s Security Council, has been particularly vocal about Western companies leaving, attacking "enemies who are now trying to limit our development and ruin our lives." |
| Posted by:Besoeker |
| #13 That'll really encourage outside investment after the current shitstorm blows through the Russian economy. Good job, Vlady! |
| Posted by: Nero 2022-05-27 13:29 |
| #12 Chess is a game played well over there. We will see how this game plays out. |
| Posted by: Dale 2022-05-27 11:48 |
| #11 |
| Posted by: M. Murcek 2022-05-27 09:16 |
| #10 As Vir Kotto said in Babylon 5, "Some bargains come at too high a price." |
| Posted by: M. Murcek 2022-05-27 09:13 |
| #9 Fine with me. The Russians don't have the technical capabilities to run the seized assets and the companies should not have sold their souls to the devil. Win win as far as I'm concerned. |
| Posted by: DarthVader 2022-05-27 09:11 |
| #8 When I think Quality Control, I think |
| Posted by: Frank G 2022-05-27 08:46 |
| #7 Tit for tat should have been predicted. Especially if Russia really is all those awful things its been accused of, during the current excitement and since 2016. Whether the local employees have absorbed skills and mindset to continue producing Western-quality goods on their own is an interesting question. The world as well as Russia will benefit in the long run if the answer is yes, but there is a seventy year history to overcome. |
| Posted by: trailing wife 2022-05-27 08:01 |
| #6 If it's the end of gerbilism, I say hip, hip, horray! |
| Posted by: M. Murcek 2022-05-27 07:32 |
| #5 ^Tit for tat well put. China the same. Looks like the West has tied both feet together. Biden leading the charge into the windmill. While Latin America, Africa, and most of Asia Look on to take advantage as events develop. |
| Posted by: Dale 2022-05-27 07:31 |
| #4 What Murcek said, in spades. |
| Posted by: Procopius2k 2022-05-27 06:56 |
| #3 Tit for tat. The US unilaterally confiscated 300 billion in Russian assets in the west. Did they imagine there would be no repercussions? If US assets in Russia are nationalized (worth an estimated 500 billion) then Russia not only acquires the physical plant free and clear. They also maintain those jobs for their citizens AND the ongoing business profits remain in country instead of being repatriated to the West. They could even lower the price of the products to their citizens since the cost of building the businesses is effectively zero. The next step is a bill in the Duma to negate US patents. That would likewise be a boost to the Russian economy with little possible direct blowback. |
| Posted by: Slenter Panda4300 2022-05-27 06:04 |
| #2 Companies that sold their souls to China (or any other skeevy regime) deserve it. The Hellraiser treatment: "We'll tear your soul apart..." |
| Posted by: M. Murcek 2022-05-27 02:29 |
| #1 |
| Posted by: Besoeker 2022-05-27 02:26 |