Russia's seizure of two foreign firms' assets is a warning shot to the West

[Yo_Mama_Been_Loggin]

Moscow is browbeating foreign firms by seizing their assets in Russia.

Russian president Vladimir Putin signed a decree late Tuesday (April 24) that lets the Kremlin introduce “temporary” state control over the assets of companies or individuals from “unfriendly” states, including the the US and its allies, which make or threaten to make similar moves.

The decree is a signal of caution to the West, and in particular to the European Union, which is discussing whether frozen Russian assets should be used in the reconstruction of Ukraine.

For the first time during the ongoing Ukraine war, Russia put utilities owned by two firms—Finland’s Fortum Oyj and its former Germany subsidiary Uniper (which was rescued by the German state last year to prevent its collapse)—under state control.

https://finance.yahoo.com/news/russias-seizure-two-foreign-firms-142200684.html

Less incentive to do business with Russia.

[The Unmitigated Gall]

1. Pootler has fucked Russia

For a century at least.

[C_U_L8R]

2. Just like Ron DeSantis.

Maybe he’d be more at home in Moscow.

[FirefighterJo]

3. It will only speed up

The complete Exodus of all foreign money from Russia... private corporations tend to act a tad faster on threats then a government still mirred in it's sluggish and corrupt past.