As several Western corporations continue to leave Russia as a result of it's military action in Ukraine, Russia may nationalize the foreign owned factories that have shut operations in the country.
In the recent days dozens of Western corporations have left Russia abandoning billions in goods, property, and investments. Russia has a plan to cope with this: a senior member of Russia's ruling party has suggested nationalising foreign-owned factories that have stopped operating in the country as a result of the operation in Ukraine.
Toyota, Nike, and IKEA are among the corporations that have announced store and factory closures in Russia to put pressure on the Kremlin to end its military action in Ukraine. The secretary of the ruling party's general council, Andrei Turchak, stated that shutting down activities constituted a "war" against Russian citizens in a statement posted on the United Russia website on Monday evening.
Fazer, Valio, and Paulig, all privately held Finnish...