World Desk, AnyTV, Moscow
Published by: Harendra Chaudhary
Updated Wed, 09 Mar 2022 03:24 PM IST
Summary
Since the invasion of Ukraine, Western countries have imposed various sanctions on Russia. Under this, many major banks of Russia have to be excluded from the international payment system SWIFT. Apart from this, assets of Russian banks abroad have been confiscated.
Russia’s ruling party has suggested nationalizing foreign companies that are expressing their intention to leave Russia amid the current crisis. The United Russia Party has said that all the assets of companies which are preparing to stop their production during military action in Ukraine should be nationalized. United Russia is the party of President Vladimir Putin. It is generally understood that this party expresses the thinking of President Putin. Therefore, after this demand from its side, the discussion of confiscating the assets of foreign companies has become heated.
On the 24th of last month, Russia launched “special military action” against Ukraine. Since then, dozens of foreign companies have announced to stop their business in Russia and move out. The list of companies doing this is getting longer every day. In a statement issued in this regard, Andrey Turchak, Secretary of the General Council of the United Russia Party, said that since these companies stabbed Russia in the back, strict retaliatory action should be taken against them.
won’t stab you in the back
Turchak said- ‘The United Russia Party proposes that the production of companies which are announcing to go out of the country, should be nationalised. It would be an extremist move, but we cannot tolerate that someone stabs us in the back. We will protect our people. He described the companies’ decision to leave Russia as a purely political decision and said it was part of the sanctions imposed on Russia. Turchak said – the main responsibility of the Russian authorities is to protect the jobs here. It is not their job to allow the attempt to destroy the country’s economy from within to succeed.
Since the invasion of Ukraine, Western countries have imposed various sanctions on Russia. Under this, many major banks of Russia have to be excluded from the international payment system SWIFT. In addition, assets of Russian banks abroad have been confiscated. Imports of many items from Russia have also been stopped. In view of these steps, the Russian government has taken several defensive measures.
pay off debt in rubles
Russia’s government announced on Monday that Russia’s federal, regional, and local governments will now repay in rubles loans from countries that have shown an unfriendly stance. That is, now the debt will not be repaid in dollars. Also, Russian companies who want to work with those foreign companies will have to get permission from the Russian government.
Prior to this, Russia’s Ministry of Transport has considered nationalizing aircraft of Airbus and Boeing companies. The European Union has banned Russian airlines from selling and/or leasing aircraft. Nationalization of aircraft was thought to counter this move by the EU, but no such decision has been taken yet.
Expansion
Russia’s ruling party has suggested nationalizing foreign companies that are expressing their intention to leave Russia amid the current crisis. The United Russia Party has said that all the assets of companies which are preparing to stop their production during military action in Ukraine should be nationalized. United Russia is the party of President Vladimir Putin. It is generally understood that this party expresses the thinking of President Putin. Therefore, after this demand from its side, the discussion of confiscating the assets of foreign companies has become heated.
On the 24th of last month, Russia launched “special military action” against Ukraine. Since then, dozens of foreign companies have announced to stop their business in Russia and move out. The list of companies doing this is getting longer every day. In a statement issued in this regard, Andrey Turchak, Secretary of the General Council of the United Russia Party, said that since these companies stabbed Russia in the back, strict retaliatory action should be taken against them.
won’t stab you in the back
Turchak said- ‘The United Russia Party proposes that the production of companies which are announcing to go out of the country, should be nationalised. It would be an extremist move, but we cannot tolerate that someone stabs us in the back. We will protect our people. He described the companies’ decision to leave Russia as a purely political decision and said it was part of the sanctions imposed on Russia. Turchak said – the main responsibility of the Russian authorities is to protect the jobs here. It is not their job to allow the attempt to destroy the country’s economy from within to succeed.
Since the invasion of Ukraine, Western countries have imposed various sanctions on Russia. Under this, many major banks of Russia have to be excluded from the international payment system SWIFT. In addition, assets of Russian banks abroad have been confiscated. Imports of many items from Russia have also been stopped. In view of these steps, the Russian government has taken several defensive measures.
pay off debt in rubles
Russia’s government announced on Monday that Russia’s federal, regional, and local governments will now repay in rubles loans from countries that have shown an unfriendly stance. That is, now the debt will not be repaid in dollars. Also, Russian companies who want to work with those foreign companies will have to get permission from the Russian government.
Prior to this, Russia’s Ministry of Transport has considered nationalizing aircraft of Airbus and Boeing companies. The European Union has banned Russian airlines from selling and/or leasing aircraft. Nationalization of aircraft was thought to counter this move by the EU, but no such decision has been taken yet.