Western companies have started to tally the cost of a long-term exit from Russia, after President Vladimir Putin endorsed a plan to nationalize foreign assets left behind.
Western companies have started to tally the cost of a long-term exit from Russia, after President Vladimir Putin endorsed a plan to nationalize foreign assets after many companies said they would pause their Russia operations in the wake of Moscow’sMr. Putin on Thursday backed a plan floated earlier this week by a senior member of his dominant United Russia party to nationalize the operations of
. Such a move would help prevent job losses and maintain Russia’s ability to produce goods domestically, said Andrei Turchak, the secretary of the general council of the United Russia party.
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