33.7 C
Bangkok
Tuesday, May 14, 2024

Make up your minds, Russia tells foreign firms

Make up your minds, Russia tells foreign firms

Moscow wants quick answers and offers three choices: Stay, leave or hand over the keys

Customers shop in an Ikea store in Omsk, Russia on Wednesday. The Swedish retailer has announced plans to close Russian stores but said it would pay its 15,000 Russian staff for at least three months.(Reuters Photo)

MOSCOW: Companies and investors across the world are weighing an “offer” from Moscow to fast-track their exits from the country — if they hand over their holdings to local managers until they return.

The options offered by First Deputy Prime Minister Andrei Belousov came one week after Russia’s invasion of Ukraine and a day after the French bank Societe Generale warned that it could be stripped of its…

Read more…

Latest Articles