Wednesday, May 25, 2022
68.5 F
Oxnard
More

    Latest Posts

    Two Visions of America by Don Jans

    Russia Threatens To Jail Western Business Leaders, Seize Company Assets: REPORT

    daily caller oil prices rise petroleum reserve

    Harry Wilmerding

    Russian prosecutors have threatened to arrest leaders of Western companies in Russia who criticize the government or plan to withdraw from the country, The Wall Street Journal reported.

    Prosecutors warned leaders of Western companies that they may be subject for arrest after a growing number of businesses have publicly criticized Russia’s invasion of Ukraine and suspended operations in Russia, the WSJ reported, citing people familiar with the matter.

    The warnings were directed at companies across several industries including food, technology, clothing and banking. The companies reportedly warned include Coca-ColaMcDonald’sProcter & Gamble, IBM, and KFC owner Yum Brands, according to the WSJ.

    Russian President Vladimir Putin announced Thursday his support for laws that would nationalize assets of foreign companies that left Russia after the invasion of Ukraine, the WSJ reported. The legislation is intended to prevent further job losses in Russia and increase the Kremlin’s ability to manufacture goods domestically.

    Many companies that have elected to suspend operations in Russia say the move is temporary, while some added their decision was necessary due to the disruptions sanctions had on supply chain issues.

    Mercedes-Benz said in its annual report Friday that the company could lose as much as $2.2 billion if its assets in Russia are seized. The car giant temporarily suspended exports to Russia on March 2.

    Companies that announced they are suspending operations would do so while complying with Russia’s labor law, the Russian prosecutor general’s office said Friday, according to the WSJ. Over 350 companies have said they are leaving Russia or temporarily suspending operations.


    Get Citizensjournal.us Headlines free  SUBSCRIPTION. Keep us publishing – DONATE

    - Advertisement -
    5 1 vote
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Latest Posts

    advertisement

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.