Interviews with half a dozen executives at companies who have divested assets show the complexity and uncertainty of selling at speed and hefty discounts – and why it may be taking many so long.
The obstacles are huge: confusion has swirled over what the Kremlin would allow foreign companies to do; staff are nervous after government threats of retaliation; sanctions have limited the pool of buyers and there is little time to check them out; sales prices have been steeply discounted; and negotiations are being done virtually because fears of reprisals make it too risky to visit Russia in person.
Source: News Formal (newsformal.com)
retheauditors It does my head in how, for the sake of quick profits, Western politics and business ignored all warning signs since the 2. Chechen war and later Putin's Munich security conference speech. Quite many rang the final alarm bell in 2007. Politics and business ignored them all.
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