in opposition to Moscow’s actions in Ukraine, the government’s online portal showed.
The bill, passed in the first reading by the lower house of parliament, or Duma, would allow the state development bank VEB or other entities approved by a commission to act as external administration at companies where foreign ownership, specifically from countries that Moscow deems “unfriendly,” exceeds 25%.
The right to subsequently bid for the foreign assets would be held by the entity acting as external administration, while the previous owners and any affiliates with links to “unfriendly” countries would be excluded, Interfax said.
Of course they did
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