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Russia’s corporate crackdown widens with new message to EU businesses

Russia’s corporate crackdown widens with new message to EU businesses
Russia’s corporate crackdown widens with new message to EU businesses

A Russian corporate source, who also ​spoke on the condition of anonymity, accused European firms of deliberately stifling the development of their Russian units and ultimately harming the ⁠Russian economy.

A senior manager with a European company, part of a shrinking community of foreign businesses operating in Russia, told Reuters that European businesses expected the status ​quo to be maintained in the immediate future.

On Tuesday, the Kremlin said the decisions were prompted by the deepening involvement of adversarial nations in direct warfare against Russia but suggested that the moves were reversible.

The EU blames Russia for failure to halt the war adding that Moscow shows no commitment to engage in peace talks as it renewed sanctions on more than 3,000 individuals and entities.

Foreign Minister Sergei Lavrov said today: “ If you acknowledge that your weapons are being used against us, and we are shooting them down, call it whatever you want, but I have no doubt that this is a war being waged against us by Europe.”

The WU is a supporter of Ukraine while the most 4-½ year-old has accused Russia of carrying out attacks on European territory while some government officials have opened the doors of a future Russian invasion.

From the start of the War, Russia has introduced provisional administration at 135 affiliated with foreign companies including French food Group Danone and Danish brewer Carlsberg. However no major US company has been bound by equivalent regulations such as US private equity NCH Capital whose Russian business includes agricultural assets. Furthermore, the American Chamber of Commerce in Russia has noted that the US companies are still operating in Russia; involved in key discussions on post-war economic resurgence in Ukraine.



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