Article Image
IPFS News Link • Business/ Commerce

Russia Proposes Nationalizing Foreign-Owned Factories That Shut Operations

• by Tyler Durden

Russia has a solution for how to deal with that: a senior member of Russia's ruling party has proposed nationalizing foreign-owned factories that shut down operations in the country over what the Ukraine invasion.

Toyota, Nike and IKEA are among the companies that have announced shutdowns of stores and factories in Russia in order to put pressure on the Kremlin to stop its invasion of neighboring Ukraine. In a statement published on Monday evening on the United Russia website, the secretary of the ruling party's general council Andrei Turchak said that shutting operations was a "war" against the citizens of Russia.

The statement mentioned Finnish privately-owned food companies Fazer, Valio and Paulig as the latest to announce closures in Russia.

Agorist Hosting