Russia Considers Nationalizing Foreign Businesses

The Russian government is reportedly considering seizing and nationalizing the assets of foreign companies exiting Russia due to its invasion of Ukraine. Seen as retaliation for Western sanctions and the exodus of hundreds of international businesses, the move is more egotistical than pragmatic as it would have little economic impact at this point.  In a meeting with government officials, Russian President Vladimir Putin said the Kremlin could find legally viable ways to seize international firms, according to The Moscow Times.  The government…