https://www.wsj.com/articles/russian...es-11647206193
Quote:
Russian Prosecutors Warn Western Companies of Arrests, Asset Seizures
McDonald’s, Coke, P&G and IBM among those warned that leaders could be arrested, trademarks seized
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Most of the article is behind a paywall, but
here's another article quoting it;
Quote:
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Without using the word "nationalization," Russian President Vladimir Putin has said he is in favor of appointing "external" administrators to head such foreign companies in Russia "in order to transfer them to those who want to make them work."
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Not surprising and obviously means hard times for people working for those companies in Russia, but oh boy is this ever an incredibly stupid move. All it does in the long run / big picture is burn more bridges and make companies want to get out of Russia even faster, and not announce it before it's done.