Do not remain silent after receiving various economic attacks from Western allies, the President of Russia Vladimir Putin threatened revenge. The action was carried out by taking over the assets of companies leaving Moscow.
“We need to act decisively against companies that will stop their production. We will transfer these companies to those who want to continue operating in Russia,” Putin said in a video broadcast by Russian media and reported by CNN Business, Friday (11/3).
Serious about the threat, Russian Prime Minister Mikhail Mishustin said his party was drafting special laws to realize Putin’s revenge.
“If the foreign owner closes the company unreasonably, then in that case the government can propose the application of external administration. It depends on the decision of the owner who will determine the fate of the company in the future,” said Mishustin.
According to a report by the Russian newspaper Izvestiya, Russian consumer rights organizations have also compiled a list of companies that the government can take over,
The list reportedly sent to the Russian Government and the Prosecutor General’s Office includes 59 companies. Among them, Volkswagen, Apple, IKEA, Microsoft, IBM, Shell, McDonald’s, Porsche, Toyota, H&M and can be updated with more brands.
For information, more than 50 big companies in the world decided to leave Russia as a result of the country’s policy of invading Ukraine.
Leading companies include McDonalds, Coca-Cola and Apple, as well as major oil groups, such as BP and Shell.
The move was followed by Goldman Sachs confirming that it is ceasing operations in the red bear country completely. Other banks are likely to follow suit.
In addition, Russia also seized hundreds of commercial jets belonging to US and European leasing companies. Putin signed the law as part of the government’s anti-sanction measures.
With this regulation, Russian airlines can register aircraft leased from foreign companies in Russia.
Thus, the aircraft will be awarded a local airworthiness certificate.
Later, the bill will allow Russia to retain their foreign chartered aircraft and operate aircraft on domestic routes.
On the other hand, the bill would make it harder for foreign companies to get their jets back without Russian government approval.
Economic sanctions from the US and Europe previously imposed on Russia require leasing companies to take over all their planes from Russian airlines by the end of this month.
Western aircraft manufacturers, such as Airbus and Boeing, have cut off Russian airlines’ access to the spare parts they need to maintain and fly the jets safely.
According to aviation analysis firm Cirium, the Russian airline operates 305 Airbus jets and 332 Boeing jets.
Russia also has 83 regional jets produced by western companies, such as Bombardier, Embraer and ATR. So far, only 144 aircraft have been produced by the Russian company.
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