Russia will promptly bankrupt foreign companies that have stopped production because of the war, a government official was quoted as saying by Interfax today.
The measure allows in practice the Russian state to confiscate the material and financial assets of these companies.
Foreign shareholders leaving the Russian Federation may transfer shares to local partners and then return them; foreign companies closing production will go through an accelerated bankruptcy procedure, First Deputy Prime Minister Andrei Belousovna said at a meeting with businessmen, the agency reported.
According to him, today there are three options for developing relations with foreign partners against the background of the economic situation and sanctions.