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Russia - Proposal to nationalize companies with more than 25% foreign ownership who withdraw from Russia - March 9, 2022

sharon sanders

Editor-in-Chief & President
Russian source.

15:27 09.03.2022 (updated: 18:14 09.03.2022)
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EP: Commission approves nationalization of property of foreign companies
EP: the commission approved the nationalization of the property of foreign companies that left Russia


Read ria.ru in



MOSCOW, March 9 - RIA Novosti. The Government Commission on Legislative Activities approved the second package of measures to support the economy, including one of the mechanisms for the nationalization of property of foreign organizations, according to the telegram channel of United Russia.

Earlier, Secretary of the General Council of the party Andrei Turchak said that the political force proposes to nationalize the production of those companies that announce their withdrawal from the Russian market and the closure of production in the country during a special operation in Ukraine . According to presidential press secretary Dmitry Peskov , all options for responding to sanctions and the development of events are being worked out at the government headquarters.


It is clarified that the bill allows the court to introduce external management in organizations, more than 25 percent of which are owned by foreign persons from unfriendly states, upon termination of activities. This will prevent bankruptcy and save jobs, the party said.

"At the same time, the owner can refuse external management within five days in case of resumption of activities or sale of a share, provided that the business and employees are preserved. If this does not happen, the court appoints a temporary administration for three months, after the shares of the new organization are put up for auction, and the old The buyer of the new organization undertakes to retain at least two-thirds of the workforce and continue the activities of the old organization for at least a year.

zhttps://ria.ru/20220309/ekonomika-1777299986.html
 
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