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Russia Retaliates against U.S. Companies Threatening Confiscations and Arrests

03/17/2022

Previously EGG-NEWS commented on U.S. and multinational companies withdrawing from Russia in protest against the invasion of Ukraine coupled with the deteriorating economic situation as a result of sanctions.

 

In retribution prosecutors in the Russian ‘judicial system’ have threatened to arrest managers of companies transferring funds from Russia and are also contemplating seizure of assets of international companies.  Warnings have been delivered to Coca-Cola, McDonald's Corp, Procter and Gamble, International Business Machines and Yum! Brands, among others.

 

 

The action by the government of Russia will certainly weaken confidence in the Nation and degrade image as an acceptable environment in which to engage in business.