Russia: ‘United Russia’ government proposes nationalization of foreign-owned factories

A senior member of Russia’s ruling party has proposed the nationalization of foreign-owned factories that are shutting down operations in the country because of a special military operation in Ukraine, as described by the Kremlin.

Several foreign companies, including Toyota, Nike and home appliances and furniture company IKEA, have announced the temporary closure of shops and factories in Russia in order to put pressure on the Kremlin to stop its invasion of neighboring Ukraine.

In a statement posted on United Russia’s website last night, ruling party general council secretary Andrei Turchak said the suspension was a “war” against Russian citizens.

The announcement cites Finnish food companies Fazer, Valio and Paulig as the latest in a series of companies to suspend operations in Russia.

“United Russia proposes the nationalization of production units of companies announcing their exit and the closure of production in Russia during the special operation in Ukraine,” Turchak said.

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

“We will take strict action in retaliation, acting in accordance with the law of war,” Turcak said.

Fazer and Valio declined to comment when Reuters contacted them. Paulig did not respond.

Fazer, which produces chocolates, breads and pastries, has three bakeries in St. Petersburg and one in Moscow, employing about 2,300 people. Valio has a cheese factory and employs 400 people in Russia while Paulig has a coffee processing plant and employs 200 people in the country.

Source: Capital

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