Russia Considering Nationalizing Assets of Companies That Boycott Them

Please do this.

RT:

Russia could nationalize the assets of 59 major foreign brands that have decided to stop working in the country in protest against Moscow’s ongoing military offensive in Ukraine.

The likes of Apple, IKEA, Microsoft, IBM, Shell, McDonald’s, Volkswagen, Porsche, Toyota, H&M and others have featured on the schedule compiled by consumer protection group the Public Consumer Initiative (OPI), according to a report in newspaper Izvestia on Thursday.

The list isn’t final, Oleg Pavlov, the group’s head, told the outlet, adding that the police, the Trade Ministry and consumer watchdog Rospotrebnadzor will also be involved in work to expand it.

“As soon as companies emerge that announce their withdrawal [from the Russian market] without providing guarantees to the Russian consumers, they’re being added on to it. This means that administrative, criminal and court proceedings will be used against them,” the OPI chief said.

The blacklisted foreign firms could be subject to seizure of accounts and assets, may be placed under external management, or face nationalization, Pavlov pointed out. Nationalization refers to the process of transforming privately-owned assets into public ones under the control of a government.

OPI has also warned the administrations of the listed firms about possible criminal liability over intentional bankruptcy and large-scale fraud.

The deputy chairman of Russia’s Security Council and former president of Russia Dmitry Medvedev said on Thursday that government has already been working on measures in response to the withdrawal of foreign companies from the country, including “bankruptcy and nationalization of assets.”

Ever since Russia went into the Ukraine, it has felt like a magical time, when anything can happen.

It’s sort of the same vibe as Trump’s 2016 campaign and ultimate victory.

But it will end better than that.

Hopefully, it ends in a nuclear war.