multinational companies that pause operations in Russia in the order to protest against Moscow invasion of Ukraine will be prosecuted by the Russian Prosecutor Generalthat is office.
Compliance with obligations to Russian workers and their rights will be reviewed, authority says on Friday. Moreover, each stop of transactions must be verified for panels of intentional or fictitious insolvency.
AT cause from Russian invasion of Ukraine, numerous international companies – suppliers of fashion articles and consumer goods, automobile manufacturers, banks and tech companies – have suspended their business. Many have explicitly stated that Russian employees will continue to be paid.
Sony Music Group became the latest for add son name at list on Friday, saying he had suspended Russian operations and called for peace in Ukraine.
Moscow menace to expropriate international companies that suspend their business in the country.
The Russian government work on steps file for bankruptcy for tel countryfollowed by nationalization of the propertythe deputy head of the Russian Security Council Dmitry Medvedev said on Thusday. A new production should be built on “the base of the assets left behind by investors in panic,” he said.
President Vladimir Putin supported the proposal and called on his government to “act decisively” to avoid any damage to Russia business the partners of businesses. He said there was already “pretty legal market tools” for this.
In Washington, White House spokeswoman Jen Psaki warned the Kremlin against expropriation. “All anarchic decision by Russia to seize assets of these companies will eventually result in same more economic pain for Russia,” she tweeted.
“It will aggravate the clear message to global business community that Russia is not a safe place invest and do business“, she affirmed.
Corn leading German industrialists have warned of the results of punishments against The Russian fossil fuel industry, in the middle international calls for western countries Stop using Russian gas and oil.
“There is a wide support in the German economy for the severe penalties. Because war is not a base for business”, the direction director of the association of German rooms of Industry and Commerce (DIHK), Martin Wansleben, told the Rheinische Post newspaper on Friday.
“The repercussions for the German economy in the coming months should not to be underestimated,” Wansleben said. “This applies not only to increases in energy prices but above all to dislocations in supply chains with a broad impact in the economy“, he warned.
“This economic situation should be taken into account by every politician in Europe,” insisted Wansleben.
The metallurgical and electrical industry also warned of serious consequences if new sanctions were to be imposed play.
“If Germany decided to stop importing gas or oil from Russia, it would have a dramatic impact on our industry, but also on private households”, the president of the Gesamtmetall employers’ association Stefan Wolf told the Frankfurter Allgemeine Zeitung newspaper.
“Inflation would be in double The figures. Security of supply would be seriously threatened,” he warned.
The chemical industry also underlined the large consumption of oil and gas in son sector. If there were to be prolonged outages of factories due to an energy embargo, this would have massive consequences for value chains in Germany, the German Chemical Industry Association (VCI) explained on Friday.
About 95% of all industrial products require chemicals, from cars to computer shavings and isolation materials televisions, medicines and detergents.
“If you cut off energy and crude material to supply for the chemical industry in the short termyou also paralyze all industrial production in Germany,” managing director Wolfgang Grosse Entrup told Deutsche Presse-Agentur (dpa).
