OriginalSourceThe BellRussiaLeanUnratedCredibilityUnratedPublished11:07 UTCSourceThe BellRussiaLeanUnratedCredibilityUnratedPublished11:07 UTC
“Kremlin’s foreign asset seizure could backfire”
“The last few months have witnessed the biggest wave of Western companies in Russia being placed under what the Kremlin calls “temporary external administration”.”
Kremlin asset seizures could backfire on Moscow
Key points
- Russia has intensified its program of placing foreign companies under external administration.
- Five of the 20 biggest foreign firms in Russia are now under external administration since September.
- These firms represent nearly a third of the top 20 revenue among foreign entrants.
- The move could reduce assets Moscow could seize if frozen reserves are confiscated.
- The policy shift may influence Europe’s stance on Russia’s frozen reserves.
How it got here
The Bell publishes the article.
concise.news reads it.