Deputy Prime Minister: Russia will not nationalize foreign companies

The new Deputy Prime Minister of Russia, Denis Manturov, said that Russia would not nationalize foreign companies, but, on the contrary, was looking for convenient and mutually beneficial solutions in the current situation.

“This is a very sensitive topic. There are 25,000 foreign companies or companies with foreign capital in the Russian economy, of which 150 have decided to leave Russia or are in the process of making such a decision.”

The Deputy Prime Minister of Russia added: “These are 150 companies out of 25,000, this is a big difference.”

Manturov thanked the Russian deputies for the adoption in the first reading of the bill allowing the management of the company in the event that its owner decides or decides to suddenly leave the Russian market in order to ensure its effective functioning.

Manturov stressed: “We are not interested in the nationalization of companies, God forbid. We want a comfortable and mutually beneficial business relationship.”

After Russia launched a special operation in Ukraine and the West imposed sanctions against Moscow, some Western companies decided to leave the Russian market or suspend their business.

For its part, the Russian government reaffirmed its support for national companies affected by the sanctions and announced a set of measures to maintain financial and economic stability in the country.

Source: RIA Novosti

Related Stories