Russia plans to seize assets of western companies exiting country
by Richard Partington from World news | The Guardian on (#5WZFY)
Vladimir Putin prepares economic retaliation for western sanctions, including laws to impound $10bn of leased airline jets
Russia has drawn up plans to seize the assets of western companies leaving the country as the Kremlin pushes back against sweeping sanctions and the exodus of international businesses since its invasion of Ukraine.
Announcing the move after a string of global firms said they would suspend operations in Russia this week, including McDonald's, Coca-Cola and Pepsi, the country's economic ministry said it could take temporary control of departing businesses where foreign ownership exceeds 25%.
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