Russia can confiscate 59 companies participating in the embargo!

After the war against Ukraine, Russia remained silent against the economic and technological sanctions initiated by the USA and European Union countries. Russian President Vladimir Putin, on the one hand, said that his country should not be excluded, on the one hand, and on the other hand, he showed a golden wand in his call to the whole world. Of course, although what they said was not fully understood that day, the plans made came to light.


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Russia can confiscate and expropriate the assets of 59 companies that have ceased operations in the country

Reports that have emerged in recent days say that the Russian government is considering nationalizing companies that have turned against Russia, temporarily suspending their activities and saying they have stopped them indefinitely. He may even confiscate his assets, allegedly.

Russia - embargoed companies
Companies that have stopped their services in Russia

Russian President Vladimir Putin allegedly said in a meeting with government officials on Thursday to bring foreign management to companies that have ceased operations in the country due to Russia’s invasion of Ukraine. The companies mentioned include world giants such as Apple, Microsoft, IKEA, IBM and McDonald’s.

In the related speech, Putin said, “We need to act decisively against the companies that will stop their production. That’s why it is necessary to activate external management and then transfer these businesses to those who want to work,” he said. So Putin’s aim is not just to intimidate.

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