MOSCOW, March 11 — Russia is piling huge pressure on foreign companies fleeing the country following Moscow’s decision to send troops to Ukraine even as some tycoons warn that the seizure of assets would take the country “back to 1917”.
The General Prosecutor’s Office said every company leaving will be audited for “fraudulent or deliberate” bankruptcy and warned against one-sided refusals to fulfil obligations. Washington and Brussels’ coordinated response to Moscow’s incursion into Ukraine has made Russia the most sanctioned country in the world, sending the ruble into free-fall, accelerating already spiralling inflation and sparking fears of debt default.“I am sure that we will get through these difficulties and become more competent and have more opportunities to feel independent and self-reliant,” Putin told Belarusian strongman Alexander Lukashenko during a meeting today.
Moscow’s mayor Sergei Sobyanin said this week that it would be possible to replace the city’s McDonald’s restaurants with domestic fast-food chains within six months. Kremlin-friendly tycoon Vladimir Potanin likened Moscow’s plans to seize foreign companies with the Bolsheviks’ tactics.
Source: News Formal (newsformal.com)
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