Russia to nationalise foreign factories

Proposes to buy units that halted operations in country

REUTERS March 09, 2022
Russia competes with Saudi Arabia for the title of biggest crude oil and refined oil products exporter. PHOTO: FILE


A senior member of Russia’s ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine.

Several foreign companies have announced temporary shutdowns of stores and factories in Russia in order to put pressure on the Kremlin to stop its invasion of neighbouring 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.

“United Russia proposes nationalising production plants of the companies that announce their exit and the closure of production in Russia during the special operation in Ukraine,” Turchak said.

“This is an extreme measure, but we will not tolerate being stabbed in the back and we will protect our people. This is a real war, not against Russia as a whole, but against our citizens,” he said.

“We will take tough retaliatory measures, acting in accordance with the laws of war,” Turchak said.

Published in The Express Tribune, March 9th, 2022.

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