Russian Ministry of Economic Development proposes a draft nationalisation bill that will impose receivership for up to 3 months on assets of companies that boycotted the…
The Russian Ministry of Economic Development proposes a draft nationalisation bill that will impose receivership for up to 3 months on assets of companies that boycotted the Russian market due to the Russian invasion of Ukraine if the ownership share by legal entities from "unfriendly countries" exceeds 25%. If the companies still do not resume their business in the country, their assets will be auctioned. More than 300 companies that left Russia or suspended operations in Russia could be targeted.
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The Russian Ministry of Economic Development proposes a draft nationalisation bill that will impose receivership for up to 3 months on assets of companies that boycotted the Russian market due to the Russian invasion of Ukraine if the ownership share by legal entities from "unfriendly countries" exceeds 25%. If the companies still do not resume their business in the country, their assets will be auctioned. More than 300 companies that left Russia or suspended operations in Russia could be targeted.