Russia Looks To Seize Control Of Western Firms Trying To Leave

After a number of western companies started to leave or cease business in Russia, such as McDonald's, Starbucks, Car manufacturers, and many other brick and mortar establishments, Russia seems to be implementing a new law to punish future ones. This new law would allow the state to take control of the local businesses of western companies that decide to leave. This law to seize the property of foreign investors raises the stakes and puts the heat on for those contemplating leaving. Companies like IKEA and Burger King still have physical locations open or paused in Russia and they aren't alone, while 332 multinational companies withdrew with a clean break by halting Russian engagement or completely exiting, it becomes more muddied the more you break it down. Around 445 companies have only suspended operations, keeping options open for return. 158 companies are holding off on new investments and developments, while still continuing substantive business operations. Lastly 223 companies are defying demands for exit or reduction of activities entirely. Any of these ones that have not already left before the law will be subject to possible seizure.